When a company such as CEQP conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the CEQP split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CEQP shares, starting with a $10,000 purchase of CEQP, presented on a split-history-adjusted basis factoring in the complete CEQP split history.

About CEQP

Crestwood Equity Partners is a holding company. Through its subsidiary, Co. develops, acquires, owns or controls, and operates assets and operations within the energy midstream sector. Co.'s segments are: gathering and processing, which provides gathering and transportation services and processing, treating and compression services to producers; storage and transportation, which provides crude oil and natural gas storage and transportation services to producers, utilities and other customers; and marketing, supply and logistics, which provides natural gas liquid, crude oil and natural gas marketing, storage and transportation services to producers, refiners, marketers and other customers. According to our CEQP split history records, CEQP has had 1 split.

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