Why Crestwood Equity Partners Stock Skyrocketed 29.9% in May

Shares of oil and gas midstream operator Crestwood Equity Partners (NYSE: CEQP) rose 29.9% in May, according to data from S&P Global Market Intelligence.

Crestwood Equity Partners was particularly hard-hit by the oil and gas price crash in March and April, so there was a bit of recovery from that downturn. In addition, the company reported better-than-expected earnings on May 5. As the month went on, more and more signs of economic reopening fueled hopes around oil and gas production, further boosting Crestwood's shares. Even better: The company maintained its May distribution payout, now yielding 17.6%. 

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