Dallas, Texas 12/23/2013 (FINANCIALSTRENDS) – Crestwood Midstream Partners LP (NYSE:CMLP) director David Lumpkins got hold of 10,000 scrips of Crestwood Midstream Partners LP scrip in a deal, which took place on December 13th. The scrips were bought at an average cost of $22.59 per scrip, with an overall value of around $225,900.00.
Accompanying the conclusion of the acquisition, David now directly possesses 20,913 scrips of the firm, valued at about $472,425.
Crestwood Midstream associates anticipates growth spurt in next year
Crestwood Midstream Partners LP, the unit that joined hands with Kansas City-based Inergy LP on Oct. 7, declared that it anticipates witnessing its adjusted earnings before income tax, depreciation and amortization augment around 34% in the coming year to around $500 million.
The company added that it expects investments during 2013 to produce noteworthy earnings growth in 2014.
The firm issued direction stating that its net income must be between $105 million to $138 million during 2014, with interest expenditure of $130 million to $142 million and depreciation and amortization of around $230 million.
Tesoro Logistics LP: Crestwood Midstream to become part of The Alerian MLP Infrastructure Index
Alerian declared that accompanying the closure of business on December 20, the company will be appended to the Alerian MLP Infrastructure Index.
The firm functions natural gas liquids, crude oil logistics assets in addition to natural gas. Tesoro Logistics LP (NYSE:TLLP) will get detached from the index accompanying the closure of biz on December 20.
The 25 components of the index will be counterbalanced on a capped, float-adjusted, capitalization-weighted basis in reference to the subsisting index methodological analysis. Constituent accumulations to and deletions from the index do not reveal an estimation by Alerian on the investment merits of the particular securities.