Crestwood Equity Partners LP expects to finish out 2020 on record footing as a resumption of normal operations in core areas of the Bakken Shale and Permian Basin drive higher volumes of natural gas, oil and water.

The Northeast also has “good potential for growth” as business in the challenging environment has stabilized, and prospects for development have materialized given the tighter gas market for the upcoming winter and in 2021, according to CEO Bob Phillips.

“I think the portfolio performed very well during the quarter, exactly as it should,” Phillips said Tuesday during the quarterly earnings call. “We built this portfolio to be diversified and to not only mitigate against the risk of commodity volatility, which we can’t control, but also in many cases to take...