Oasis Midstream Partners (OMP) merger with Crestwood Equity Partners (CEQP) to have minimal effect on distributions

Oasis Midstream Partners (OMP) merger with Crestwood Equity Partners (CEQP) to have minimal effect on distributions

In the first quarter of 2022 Oasis Midstream Partners (OMP) will complete a merger with Crestwood Equity Partners (CEQP). Oasis investors will receive 0.87 Crestwood units for every Oasis unit owned. But, Crestwood plans to increase its distribution by 5% in the first quarter of next year. The distribution received by Oasis investors should be roughly the same as they receive now.

100 shares of Oasis right now with a distribution of $2.24/share provides $224.00 of annual income.

100 shares of Oasis converts to 87 shares of Crestwood.

87 Shares of Crestwood with a distribution of $2.625 post merger will provide $228.38 of annual income.