Crestwood 2Q16: Bleeding Slows, the Stagecoach Rides

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CrestwoodCrestwood Equity Partners (nee Crestwood Midstream) issued its second quarter 2016 update last week. In April Crestwood announced that New York City utility giant Consolidated Edison Inc. has formed a 50/50 joint venture to purchase ownership of pipelines and storage facilities in the PA and NY Marcellus region (see Utility Giant ConEdison Buys a Piece of the Marcellus Midstream). The newly formed jv, called Stagecoach Gas Services, became official in June (see Con Ed & Crestwood Seal the Deal on Marcellus Pipeline/Storage JV). Stagecoach and other projects in the Marcellus/Utica get an update in this latest quarterly report from Crestwood...

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