X0306 4 2016-03-28 0 0001136352 Crestwood Equity Partners LP CEQP 0001477477 First Reserve GP XI, Inc. ONE LAFAYETTE PLACE GREENWICH CT 06830 1 0 1 0 0001477478 First Reserve GP XI, L.P. ONE LAFAYETTE PLACE GREENWICH CT 06830 1 0 1 0 0000908428 MACAULAY WILLIAM E ONE LAFAYETTE PLACE GREENWICH CT 06830 1 0 1 0 0001501490 FR Midstream Holdings LLC ONE LAFAYETTE PLACE GREENWICH CT 06830 1 0 1 0 0001501964 FR XI CMP Holdings LLC ONE LAFAYETTE PLACE GREENWICH CT 06830 1 0 1 0 0001501961 Crestwood Holdings Partners, LLC 700 LOUISIANA STREET, SUITE 2550 HOUSTON TX 77002 1 0 1 0 0001501963 Crestwood Holdings II LLC 700 LOUISIANA STREET, SUITE 2550 HOUSTON TX 77002 1 0 1 0 0001501962 Crestwood Holdings LLC 700 LOUISIANA STREET, SUITE 2060 HOUSTON TX 77002 1 0 1 0 Common Units 2016-03-28 4 J 0 613117 D 0 I See footnotes Common Units 2016-03-28 4 J 0 4984342 D 0 I See footnotes Common Units 2016-03-28 4 J 0 5597459 A 6284154 I See footnotes Common Units 9985462 I See footnotes Reflects Common Units held directly by KA First Reserve, LLC ("KA First Reserve"). FR Midstream Holdings LLC ("FR Midstream Holdings") owns a majority of the membership interests in KA First Reserve and controls the board of managers of KA First Reserve. Reflects common units of the Issuer (the "Common Units") held directly by FR Crestwood Management Co-Investment LLC (f/k/a Crestwood Holdings II LLC) ("FRCM Co-Investment"). Reflects Common Units held directly by Crestwood Holdings LLC ("Crestwood Holdings"). Reflects Common Units held directly by Crestwood Gas Services Holdings LLC ("Gas Services Holdings"). Gas Services Holdings' sole member is Crestwood Holdings, whose sole member is FRCM Co-Investment, whose controlling member is Crestwood Holdings Partners, LLC, whose controlling member is FR XI CMP Holdings LLC, whose sole member is FR Midstream Holdings, whose manager is First Reserve GP XI, L.P., whose general partner is First Reserve GP XI, Inc. ("FR GP Inc."). William E. Macaulay is a director of FR GP Inc. and has the right to appoint a majority of the board of directors of FR GP Inc. Does not include 438,789 Subordinated Units. The Subordinated Units may be converted into Common Units on a one-for-one basis upon the termination of the subordination period as set forth in the Issuer Partnership Agreement. The 613,117 Common Units previously held directly by KA First Reserve (the "KAFR Units") were distributed to its parent, FR Midstream Holdings, which immediately contributed such shares to FR XI CMP Holdings, LLC, its subsidiary, which immediately contributed such units to Crestwood Holdings Partners, LLC, its subsidiary, which immediately contributed such units to FRCM Co-Investment. FRCM Co-Investment immediately contributed the KAFR Units and the 4,989,342 Common Units previously held directly by it to Crestwood Holdings. The Reporting Persons disclaim beneficial ownership of the securities reported on this Form 4 except to the extent of their pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of these securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose. FIRST RESERVE GP XI, INC., By: /s/ Michael France, Name: Michael France , Title: Managing Director 2016-03-29 FIRST RESERVE GP XI, L.P., By: First Reserve GP XI, Inc., its general partner, By: /s/ Michael France, Name: Michael France, Title: Managing Director 2016-03-29 WILLIAM E. MACAULAY, By: /s/ Anne E. Gold, Name: Anne E. Gold, Title: Attorney-in-fact 2016-03-29 FR MIDSTREAM HOLDINGS LLC, By: First Reserve GP XI, L.P., its managing member, By: First Reserve GP XI, Inc., its general partner, By: /s/ Michael France, Name: Michael France, Title: Managing Director 2016-03-29 FR XI CMP HOLDINGS LLC, By: First Reserve GP XI, L.P., its managing member, By: First Reserve GP XI, Inc., its general partner, By: /s/ Michael France, Name: Michael France, Title: Managing Director 2016-03-29 CRESTWOOD HOLDINGS PARTNERS, LLC, By: /s/ Joel C. Lambert, Name: Joel C. Lambert, Title: Senior Vice President 2016-03-29 FR CRESTWOOD MANAGEMENT CO-INVESTMENT LLC, By: /s/ Joel C. Lambert, Name: Joel C. Lambert, Title: Senior Vice President 2016-03-29 CRESTWOOD HOLDINGS LLC, By: /s/ Joel C. Lambert, Name: Joel C. Lambert, Title: Senior Vice President 2016-03-29