Crestwood Equity Partners LP (CEQP) CEO Robert Phillips on Q2 2021 Results - Earnings Call Transcript

Crestwood Equity Partners LP (CEQP) Q2 2021 Earnings Conference Call July 27, 2021 9:00 AM ET

Company Participants

Robert Phillips - Chairman, President & CEO
Robert Halpin - EVP & CFO
Diaco Aviki - SVP, Commercial, Gathering & Processing

Conference Call Participants

Brian Reynolds - UBS
Tristan Richardson - Truist Securities
Vinay Chitteti - JPMorgan Chase & Co.

Operator

Good morning, and welcome to today's conference call to discuss Crestwood Equity Partners' second quarter 2021 operating results.

Before we begin the call, listeners are reminded that the company may make certain forward-looking statements as defined in the Securities and Exchange Act of 1934 that are based on assumptions and information currently available at the time of today's call. Please refer to the company's latest filings with the SEC for a list of risk factors that may cause actual results to differ. Additionally, certain non-GAAP financial measures, such as EBITDA, adjusted EBITDA and distributable cash flow will be discussed. Reconciliations to the most comparable GAAP measures are included in the news release issued this morning.

Joining us today with prepared remarks are Chairman, President and Chief Executive Officer, Bob Phillips; and Executive Vice President and Chief Financial Officer, Robert Halpin. Additional members of the senior management team will be available for the question-and-answer session with Crestwood's current analysis following the prepared remarks.

Today's call is being recorded. [Operator Instructions].

And at this time, I will turn the call over to Bob Phillips.

Robert Phillips

Thanks, operator, and good morning to everyone. Thank you all for joining us early this morning. We're very excited to discuss our second quarter results and our revised outlook for the second half of the year, which continues to be very positive due to strong commodity prices and recovering energy markets. We think the market is very constructive for a strong second half