Crestwood announces fourth quarter 2020 financial and operating results and provides guidance for 2021

Accelerating manufacturer activity and operational optimization lead to strong 2020 results with a full-year 2020 net loss of $ 15.3 million and Adjusted EBITDA1 of $ 580.3 million, an increase in 10% over the full year 2019 and above the upper limit of the modified driving range

Fourth-quarter outperformance led by record volumes on the Arrow collection system in Bakken as producers accelerated new well connections in the fourth quarter, resulting in heavy utilization across Crestwood’s expanded infrastructure

2021E Adjusted EBITDA1 Guide Range from $ 550 million to $ 610 million; The 2021E $ 35 million to $ 45 million growth capital program represents a 72% year-over-year reduction and positions Crestwood …

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