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Crestwood NEWS RELEASE Crestwood Announces Third Quarter 2021 Financial and Operating Results 10/26/2021 Favorable commodity prices and strong operational performance in the G & P segment delivers third quarter 2021 net loss of $ 39.6 million , Adjusted EBITDA of $ 139.9 million , and distributable cash flow to common unitholders of $ 85.8 million Positive free cash flow during the quarter results in enhanced financial strength and flexibility , highlighted by a leverage ratio of 3.45x and distribution coverage of 2.18x Entered into a new long - term agreements with Continental Resources in the Powder River Basin and Novo in the Delaware Basin Strong year - to - date results position Crestwood to meet or exceed the upper end of its previously announced FY Adjusted EBITDA guidance of $ 570 million - $ 600 million Crestwood expands core Williston and Delaware Basin footprints with acquisition of Oasis Midstream in an equity and cash financed transaction for $ 1.8 billion HOUSTON -- ( BUSINESS WIRE ) -- Crestwood Equity Partners LP ( NYSE : CEQP ) ( " Crestwood " ) today reported its financial and operating results for the three months ended September 30 , 2021 . Third Quarter 2021 Highlights ( 1 ) • Third quarter 2021 net loss of $ 39.6 million , compared to net income of $ 4.6 million in third quarter 2020 1