CEQP Crestwood Equity Partners LP

Crestwood Provides Post-Hurricane Harvey Update

Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that all Crestwood employees have been contacted and are safe, the Houston office and corporate headquarters has resumed normal business activity, and the Tres Palacios Gas Storage facility, located along the gulf coast in Matagorda County, TX, has resumed normal operations with no long-term impact following Hurricane Harvey. Crestwood conducted thorough safety and asset integrity tests before returning the facility to service on August 31st and does not anticipate the temporary shut-in to have a meaningful impact on Crestwood’s operations.

“We are thankful all Crestwood employees are safe, no assets were materially impacted and we are committed to helping our employees and the community rebuild following this devastating natural disaster,” said Robert G. Phillips, Chairman, President and CEO of Crestwood Equity Partners. “In addition to the previously announced donation of $125,000 to the Red Cross of Greater Houston and employee match program, Crestwood has initiated an employee assistance program for members of the Crestwood family who were directly affected by the storm. We are very grateful for the national outpouring of support we have received and I am proud of our employees involvement in local relief and recovery efforts. The impact of this storm will be felt in this community for a long-time to come, and we are committed to fully supporting the recovery of Houston and its surrounding communities.”

About Crestwood Equity Partners LP

Houston, Texas, based Crestwood Equity Partners LP (NYSE: CEQP) is a master limited partnership that owns and operates midstream businesses in multiple unconventional shale resource plays across the United States. Crestwood Equity is engaged in the gathering, processing, treating, compression, storage and transportation of natural gas; storage, transportation, terminalling, and marketing of NGLs; and gathering, storage, terminalling and marketing of crude oil.

EN
05/09/2017

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