General

Can you provide more information about Crestwood’s merger with Energy Transfer?
What is Crestwood's ticker symbol and where is it listed?
What were the historical distributions paid on Crestwood’s Common Units prior to its merger with Energy Transfer?
When will I receive my K-1 tax package?
Who do I contact if I lost my CEQP tax package or need a prior year CEQP tax package?
Who was Crestwood’s Transfer Agent?

Can you provide more information about Crestwood’s merger with Energy Transfer?

On November 3, 2023, Energy Transfer LP (ET) and Crestwood Equity Partners LP (CEQP) completed their previously announced merger, in which ET acquired CEQP. Effective with the opening of the market on November 3, 2023, CEQP ceased to be a publicly-traded company and its common stock and preferred units, previously listed on the NYSE under the tickers symbol “CEQP” and “CEQP-P,” respectively, discontinued trading. For more information on the merger, click here.(Newsroom | Energy Transfer)

What is Crestwood's ticker symbol and where is it listed?

What were the historical distributions paid on Crestwood’s Common Units prior to its merger with Energy Transfer?

Information on Historical Distributions can be found here.

When will I receive my K-1 tax package?

Crestwood strives to deliver K-1 tax packages to its unitholders in a timely manner each year. Typically, for unitholders that have requested a hard-copy of their K-1 tax package, these are mailed in the middle of March. Tax packages are also available electronically at www.taxpackagesupport.com/ceqp where you can also set up email alerts for when documents are available. Click here for additional information.

Click here for additional information, including tax package information related to the ET/CEQP merger

Who do I contact if I lost my CEQP tax package or need a prior year CEQP tax package?

Due to our large number of unitholders, Crestwood offers a tax package support center that can assist unitholders obtain K-1 tax packages, correct account information, and answer basic questions. Unitholders may contact tax package support by dialing (800) 230-1134.

Who was Crestwood’s Transfer Agent?

Equiniti Trust Company, LLC
6201 15^th Avenue
Brooklyn, NY 11219

Shareholder Services
Tel: (800)-937-5449
https://equiniti.com/us/

Crestwood 9.25% Preferred Units

Where are Crestwood’s 9.25% preferred units listed and what is the par value?
Will holders of the 9.25% preferred units receive a K-1?
Do the 9.25% preferred units pay a distribution?
How do cash distributions, income, and losses affect my tax basis on the 9.25% preferred units?
Does an investment in the Crestwood 9.25% preferred units generate UBTI (Unrelated Business Taxable Income)?

Where are Crestwood’s 9.25% preferred units listed and what is the par value?

As of July 2019, Crestwood’s 9.25% preferred units are traded on the New York Stock Exchange. The ticker symbol is CEQP/P, CEQP.P, or CEQP-P depending on trading platform. The par value is $9.13 per unit.

Will holders of the 9.25% preferred units receive a K-1?

Yes, preferred unitholders will receive a K-1 tax package, separate from any K-1 received from an investment in Crestwood’s common units. Typically, for unitholders that have requested a hard-copy of their K-1 tax package, these are mailed in the middle of March. Tax packages are also available electronically at www.taxpackagesupport.com/ceqp_preferred where you can also set up email alerts for when documents are available. For assistance obtaining a preferred K-1 tax package or correcting preferred account information, unitholders may reach out to tax package support at (800) 364-7567. Click here for additional information.

Do the 9.25% preferred units pay a distribution?

Yes, the Crestwood preferred units pay an annual distribution of $0.8444 per unit, $0.2111 per unit quarterly, or 9.25%. Distributions are declared by the Board of Directors are paid quarterly in February, May, August and November.

How do cash distributions, income, and losses affect my tax basis on the 9.25% preferred units?

In order to maintain preferred status, preferred unitholders are allocated income in an amount to match distributions for the year. Your share of Crestwood’s taxable income increases your tax basis. Your share of Crestwood’s taxable loss and cash distributions decrease your tax basis.

Does an investment in the Crestwood 9.25% preferred units generate UBTI (Unrelated Business Taxable Income)?

Yes, the income allocated to the 9.25% preferred units generates UBTI and will be reported on your Schedule K-1. As Crestwood cannot provide tax advice, we encourage unitholders to reach out to their tax advisors to discuss their personal tax situation.

For additional questions regarding the 9.25% preferred units, please reach out to investorrelations@crestwoodlp.com.

Oasis Midstream Partners

On February 1, 2022, Crestwood completed the previously announced acquisition of Oasis Midstream Partners LP (“OMP”).

How many units of CEQP did I receive in exchange for my OMP units?
I was an OMP unitholder when the transaction closed in February 2022. When should I have received my final OMP Schedule K-1?

How many units of CEQP did I receive in exchange for my OMP units?

Public OMP unitholders received 0.87 CEQP units for each OMP unit, with fractional units rounding up to the next whole unit. For example, if you owned 150 units of OMP, you received 131 units of CEQP (150 x 0.87 = 130.5, rounds to 131).

I was an OMP unitholder when the transaction closed in February 2022. When should I have received my final OMP Schedule K-1?

Former OMP unitholders that received CEQP units as part of the acquisition transaction should have received two K-1 tax packages for tax year 2022 – one for OMP for January 1, 2022 – January 31, 2022, and one for CEQP for the remainder of the year. These Schedule K-1s became available in March 2023. As the merger was not effective in 2021, OMP unitholders only received one tax package for their investment in OMP during 2021.

Contact: 8111 Westchester Drive, Dallas, Texas 75225.

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