Crestwood 2Q16: Bleeding Slows, the Stagecoach Rides

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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