Robert Phillips - Crestwood Equity Chairman

CEQPDelisted Stock  USD 29.42  0.54  1.87%   

Chairman

Mr. Robert G. Phillips is Chairman of the Board, President, Chief Executive Officer of Crestwood Equity GP LLC, the General Partner of Crestwood Equity Partners LP. He served as Chairman, President and CEO of Legacy Crestwood from November 2007 until October 2013. Previously, Mr. Phillips served as President and Chief Executive Officer and a Director of Enterprise Products Partners L.P. from February 2005 until June 2007 and Chief Operating Officer and a Director of Enterprise Products Partners L.P. from September 2004 until February 2005. Mr. Phillips also served on the Board of Directors of Enterprise GP Holdings L.P., the general partner of Enterprise Products Partners L.P., from February 2006 until April 2007. He previously served as Chairman of the Board and CEO of GulfTerra Energy Partners, L.P., from 19992004, prior to GTM merger with Enterprise Product Partners, LP, and held senior executive management positions with El Paso Corporationrationration, including President of El Paso Field Services from 19962004. Prior to that he was Chairman, President and CEO of Eastex Energy, Inc. from 19811995. Mr. Phillips previously served as a Director of Pride International, Inc. since 2022.
Age 68
Tenure 2 years
Phone832 519 2200
Webhttps://www.crestwoodlp.com

Crestwood Equity Management Efficiency

The company has return on total asset (ROA) of 0.0341 % which means that it generated a profit of $0.0341 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1117 %, meaning that it created $0.1117 on every $100 dollars invested by stockholders. Crestwood Equity's management efficiency ratios could be used to measure how well Crestwood Equity manages its routine affairs as well as how well it operates its assets and liabilities.
Crestwood Equity Partners currently holds 3.41 B in liabilities with Debt to Equity (D/E) ratio of 1.25, which is about average as compared to similar companies. Crestwood Equity Partners has a current ratio of 1.31, which is within standard range for the sector. Note, when we think about Crestwood Equity's use of debt, we should always consider it together with its cash and equity.

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Crestwood Equity Partners LP develops, acquires, owns, controls, and operates assets and operations in the energy midstream sector in the United States. Crestwood Equity Partners LP was incorporated in 2001 and is headquartered in Houston, Texas. Crestwood Equity operates under Oil Gas Midstream classification in the United States and is traded on New York Stock Exchange. It employs 645 people. Crestwood Equity Partners (CEQP) is traded on New York Stock Exchange in USA and employs 753 people.

Management Performance

Crestwood Equity Partners Leadership Team

Elected by the shareholders, the Crestwood Equity's board of directors comprises two types of representatives: Crestwood Equity inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Crestwood. The board's role is to monitor Crestwood Equity's management team and ensure that shareholders' interests are well served. Crestwood Equity's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Crestwood Equity's outside directors are responsible for providing unbiased perspectives on the board's policies.
William Brown, Director of the General Partner
Diaco Aviki, Chief Operating Officer, Executive Vice President of the Partnership
Alvin Bledsoe, Independent Director of the General Partner
Steven Dougherty, Executive Vice President, Chief Accounting Officer of the General Partner
Clay Williams, Independent Director of the General Partner
Andrew Thorington, VP Relations
Joel Lambert, Executive Vice President, Chief Legal, Compliance and Safety Officer of the General Partner
Deana Werkowitch, Technology Audit
Joanne Howard, Senior Vice President of Sustainability and Corporate Communications
John Jacobi, Independent Director of the General Partner
John Sherman, Independent Director of the General Partner
Robert Phillips, Chairman of Crestwood Equity GP LLC, CEO of Crestwood Equity GP LLC and President of Crestwood Equity GP LLC
Gary Reaves, Director of the General Partner
Warren Gfeller, Lead Independent Director of the General Partner
Janeen Judah, Independent Director of the general partner
David Lumpkins, Independent Director of the General Partner
William Moore, Executive Vice President - Corporate Strategy of the General Partner
Robert Halpin, Chief Financial Officer, Executive Vice President of the general partner
John III, Ex CFO
Angela Minas, Independent Director of the General Partner
Frances Vallejo, Independent Director of the General Partner
N Lancaster, Independent Director of the General Partner
Robert III, President

Crestwood Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Crestwood Equity a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Crestwood Equity

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Crestwood Equity position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Crestwood Equity will appreciate offsetting losses from the drop in the long position's value.

Moving together with Crestwood Stock

  0.7FNMFO Federal National MortgagePairCorr
  0.62KB KB Financial GroupPairCorr

Moving against Crestwood Stock

  0.78JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.77KO Coca Cola Aggressive PushPairCorr
  0.68BCH Banco De ChilePairCorr
  0.64BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.63SHG Shinhan FinancialPairCorr
The ability to find closely correlated positions to Crestwood Equity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crestwood Equity when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Crestwood Equity - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Crestwood Equity Partners to buy it.
The correlation of Crestwood Equity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Crestwood Equity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crestwood Equity Partners moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Crestwood Equity can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Other Consideration for investing in Crestwood Stock

If you are still planning to invest in Crestwood Equity Partners check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Crestwood Equity's history and understand the potential risks before investing.
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