Crestwood Equity Partners LP Announces Executive Promotions and Organizational Changes – Form 8-K

Crestwood Announces Executive Promotions and Organizational Changes

HOUSTON, TEXAS – January 18, 2022 – Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) has announced several promotions to Crestwood’s management team, effective immediately.

Robert Halpin has been promoted to President and Chief Financial Officer, reporting directly to Robert G. Phillips, Founder, President and Chief Executive Officer. Mr. Halpin has been part of the Crestwood organization since 2012 and during his tenure with the company, he has played an integral role in the development and execution of Crestwood’s corporate and financial strategy. In his new role, Mr. Halpin will be responsible for leading all of Crestwood’s business, operations, engineering and project management, sustainability and financial activities. Previously, Mr. Halpin served as Executive Vice President and Chief Financial Officer since 2015, Vice President, Finance from January 2013 to April 2015, and Vice President, Business Development from January 2012 to January 2013. Prior to joining Crestwood, Mr. Halpin worked in finance at First Reserve and Barclays Capital.

Diaco Aviki has been promoted to Executive Vice President and Chief Operating Officer, reporting directly to Mr. Halpin. In his new role, Mr. Aviki will be responsible for overseeing Crestwood’s commercial, business development, field operations, engineering and project management functions which primarily support Crestwood’s gathering and processing operations. . Mr. Aviki has been part of the Crestwood organization since 2017, having served as Senior Vice President of Business Development and Business Operations, and has been instrumental in the growth and business success of Crestwood’s assets in the Williston, Delaware and Powder River basins. . Prior to joining Crestwood, Mr. Aviki had a long career in the upstream and midstream industries at ExxonMobil and BHP Billiton.

Joanne Howard has been promoted to Senior Vice President of Sustainability and Corporate Communications, reporting directly to Mr. Halpin. Ms. Howard has been with Crestwood since 2018, having served as Vice President of Sustainability and Corporate Communications, and led Crestwood’s sustainability initiatives in helping the company establish a leadership position in ESG performance. in the intermediate sector. Among several recent awards, Crestwood’s ESG program was recognized by Institutional Investor in the Team 2022 rankings as the best ESG program for small caps – energy and by Hart Energy as the best energy ESG player in the midstream. In her continuing role, Ms. Howard will be responsible for Crestwood’s industry-wide efforts to advance sustainability across the energy value chain, external reporting on Crestwood’s ESG performance and initiatives, expansion sustainability across Crestwood’s portfolio and leading corporate communications and corporate social investment programs. .

“With the acquisition of the general partner of First Reserve in March, the sale of Stagecoach Gas Services in July and the announcement of the upcoming merger with Oasis Midstream in October, Crestwood has completed one of our most strategic and transformative years. in 2021. I couldn’t be more proud of the quality of the partnership



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is positioned as we enter a new year in 2022,” said Robert G. Phillips, Founder, President and CEO. “We have an incredible management team and a dedicated workforce at Crestwood, and I’m very pleased to report these successful leadership promotions that recognize both significant contributions to Crestwood’s success and further aligns our commercial, operational and financial functions in the future. With the recently expanded and independent Board of Directors, the impending merger with Oasis Midstream and the new management operating structure under the leadership of Robert and Diaco, I am quite optimistic about Crestwood’s ability to continue to generate lasting value for our long-term investors. future.”

About Crestwood Equity Partners LP

Based in Houston, Texas, Crestwood Equity Partners LP (NYSE: CEQP) is a master limited partnership that owns and operates midstream businesses in several shale resource plays across the United States. Crestwood is engaged in the gathering, processing, treatment, compression, storage and transportation of natural gas; storage, transport, terminalling and marketing of NGLs; collection, storage, terminalling and marketing of crude oil; and collection and disposal of produced water. Visit Crestwood Equity Partners LP at; and to learn more about Crestwood’s sustainability efforts, please visit

Forward-looking statements

This press release may include certain statements regarding expectations for the future that are forward-looking statements as defined by federal securities law. These forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that are difficult to predict, many of which are beyond management’s control. These risks and assumptions are described in Crestwood’s annual reports on Form 10-K and other reports available from the United States Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect the views of management only as of the date made. We undertake no obligation to update any forward-looking statement, except as otherwise required by law.

Source: Crestwood Equity Partners LP

Crestwood Equity Partners LP

Investor contacts

Rhianna Disch, 713-380-3006

[email protected]

Director, Investor Relations


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Sustainability and media contact

Joanne Howard, 832-519-2211

[email protected]

Senior Vice President, Sustainability and Corporate Communications



Crestwood Equity Partners LP published this content on January 18, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on January 18, 2022 21:41:03 UTC.

Public now 2022


Sales 2021 4,490M

Net income 2021 -134M

Net debt 2021 2,189M

PER 2021 ratio -11.1x
2021 performance 8.47%
Capitalization 1,857 million
1,857 million
EV / Sales 2021 0.90x
EV / Sales 2022 0.93x
# of employees 731

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Number of analysts 8
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Average Spread / Target 13.9%

Aubrey L. Morgan