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As Of Filer Filing For·On·As Docs:Size 11/02/23 Crestwood Equity Partners LP 10-Q 9/30/23 85:12M Crestwood Midstream Partners LP |
Document/Exhibit Description Pages Size
1: 10-Q Quarterly Report HTML 2.58M
2: EX-31.1 Certification -- §302 - SOA'02 HTML 27K
3: EX-31.2 Certification -- §302 - SOA'02 HTML 27K
4: EX-31.3 Certification -- §302 - SOA'02 HTML 27K
5: EX-31.4 Certification -- §302 - SOA'02 HTML 27K
6: EX-32.1 Certification -- §906 - SOA'02 HTML 24K
7: EX-32.2 Certification -- §906 - SOA'02 HTML 24K
8: EX-32.3 Certification -- §906 - SOA'02 HTML 24K
9: EX-32.4 Certification -- §906 - SOA'02 HTML 24K
15: R1 Cover Page HTML 89K
16: R2 Consolidated Balance Sheets HTML 141K
17: R3 Consolidated Balance Sheets (Parenthetical) HTML 33K
18: R4 Consolidated Statements of Operations HTML 149K
19: R5 Consolidated Statement of Partners' Capital HTML 119K
20: R6 Consolidated Statements of Cash Flows HTML 127K
21: R7 Organization and Business Description HTML 33K
22: R8 Basis of Presentation and Summary of Significant HTML 26K
Accounting Policies
23: R9 Acquisition and Divestitures HTML 30K
24: R10 Certain Balance Sheet Information HTML 55K
25: R11 Investments in Unconsolidated Affiliates HTML 72K
26: R12 Risk Management HTML 46K
27: R13 Fair Value Measurements HTML 113K
28: R14 Long-Term Debt HTML 43K
29: R15 Commitments and Contingencies HTML 40K
30: R16 Leases HTML 62K
31: R17 Partners' Capital HTML 58K
32: R18 Earnings Per Limited Partner Unit HTML 62K
33: R19 Segments HTML 219K
34: R20 Revenues HTML 268K
35: R21 Related Party Transactions HTML 55K
36: R22 Pay vs Performance Disclosure HTML 35K
37: R23 Insider Trading Arrangements HTML 29K
38: R24 Basis of Presentation and Summary of Significant HTML 25K
Accounting Policies (Policies)
39: R25 Certain Balance Sheet Information (Tables) HTML 56K
40: R26 Investments in Unconsolidated Affiliates (Tables) HTML 70K
41: R27 Risk Management (Tables) HTML 43K
42: R28 Fair Value Measurements (Tables) HTML 111K
43: R29 Long-Term Debt (Tables) HTML 41K
44: R30 Commitments and Contingencies (Tables) HTML 32K
45: R31 Leases (Tables) HTML 40K
46: R32 Partners' Capital (Tables) HTML 51K
47: R33 Earnings Per Limited Partner Unit (Tables) HTML 63K
48: R34 Segments (Tables) HTML 216K
49: R35 Revenue Recognition (Tables) HTML 267K
50: R36 Related Party Transactions (Tables) HTML 52K
51: R37 Organization and Business Description (Details) HTML 54K
52: R38 Acquisition and Divestitures (Details) HTML 119K
53: R39 Certain Balance Sheet Information (Details) HTML 66K
54: R40 Investments in Unconsolidated Affiliates HTML 33K
(Narrative) (Details)
55: R41 Investments in Unconsolidated Affiliates (Net HTML 73K
Investments In and Earnings (Loss) from
Unconsolidated Affiliates) (Details)
56: R42 Investments in Unconsolidated Affiliates HTML 40K
(Distributions and Contributions) (Details)
57: R43 Risk Management (Risk Management Activities) HTML 29K
(Details)
58: R44 Risk Management (Notional Amounts and Terms of HTML 34K
Company's Derivative Financial Instruments)
(Details)
59: R45 Risk Management (Narrative) (Details) HTML 28K
60: R46 Fair Value Measurements (Assets And Liabilities HTML 89K
Measured At Fair Value On Recurring Basis)
(Details)
61: R47 Fair Value Measurements (Schedule of Carrying HTML 46K
Values and Estimated Fair Values of Senior Notes)
(Details)
62: R48 Long-Term Debt (Components Of Long-Term Debt) HTML 69K
(Details)
63: R49 Long-Term Debt (Narrative) (Details) HTML 90K
64: R50 Commitments and Contingencies (Narrative) HTML 34K
(Details)
65: R51 Commitments and Contingencies (Environmental HTML 33K
Compliance) (Details)
66: R52 Commitments and Contingencies (Self Insurance) HTML 31K
(Details)
67: R53 Leases (Details) HTML 78K
68: R54 Partners' Capital (Schedule of Partners' Capital HTML 34K
Account, Distributions) (Details)
69: R55 Partners' Capital (Components of Net Income (Loss) HTML 27K
Attributable to Non-Controlling Interests)
(Details)
70: R56 Partners' Capital (Narrative) (Details) HTML 161K
71: R57 Partners' Capital (Rollforward of Non-controlling HTML 37K
Interest) (Details)
72: R58 Earnings Per Limited Partner Unit (Details) HTML 62K
73: R59 Segments (Reconciliation of Net Income (Loss) to HTML 65K
EBITDA) (Details)
74: R60 Segments (Summary Of Segment Information) HTML 143K
(Details)
75: R61 Segments (Narrative) (Details) HTML 32K
76: R62 Revenues (Narrative) (Details) HTML 24K
77: R63 Revenues (Contract Assets and Liabilities) HTML 33K
(Details)
78: R64 Revenues (Disaggregation of Revenue) (Details) HTML 187K
79: R65 Revenues (Remaining Performance Obligations) HTML 45K
(Details)
80: R66 Related Party Transactions (Details) HTML 101K
83: XML IDEA XML File -- Filing Summary XML 149K
81: XML XBRL Instance -- ceqp-20230930_htm XML 4.03M
82: EXCEL IDEA Workbook of Financial Report Info XLSX 182K
11: EX-101.CAL XBRL Calculations -- ceqp-20230930_cal XML 179K
12: EX-101.DEF XBRL Definitions -- ceqp-20230930_def XML 1.16M
13: EX-101.LAB XBRL Labels -- ceqp-20230930_lab XML 1.82M
14: EX-101.PRE XBRL Presentations -- ceqp-20230930_pre XML 1.36M
10: EX-101.SCH XBRL Schema -- ceqp-20230930 XSD 178K
84: JSON XBRL Instance as JSON Data -- MetaLinks 514± 748K
85: ZIP XBRL Zipped Folder -- 0001136352-23-000012-xbrl Zip 439K
| ceqp-20230930 |
| i ☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |||||||
| i ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | ||||
For the transition period from to . | |||||
| (Exact name of registrant as specified in its charter) | Commission file number | State or other jurisdiction of incorporation or organization | (I.R.S. Employer Identification No.) | ||||||||
| i Crestwood Equity Partners LP | i 001-34664 | i Delaware | i 43-1918951 | ||||||||
| i Crestwood Midstream Partners LP | i 001-35377 | i Delaware | i 20-1647837 | ||||||||
| i 811 Main Street | i Suite 3400 | i Houston | i Texas | i 77002 | ||||||||||
| (Address of principal executive offices) | (Zip code) | |||||||||||||
| Title of each class | Trading Symbol | Name of each exchange on which registered | |||||||||
| Crestwood Equity Partners LP | i Common Units representing limited partnership interests | i CEQP | i New York Stock Exchange | ||||||||
| Crestwood Equity Partners LP | i Preferred Units representing limited partnership interests | i CEQP-P | i New York Stock Exchange | ||||||||
| Crestwood Midstream Partners LP | None | None | None | ||||||||
| Crestwood Equity Partners LP | i Yes | ☒ | No | ☐ | ||||||||||||||||
| Crestwood Midstream Partners LP | i Yes | ☒ | No | ☐ | ||||||||||||||||
| Crestwood Equity Partners LP | i Yes | ☒ | No | ☐ | ||||||||||||||||
| Crestwood Midstream Partners LP | i Yes | ☒ | No | ☐ | ||||||||||||||||
| Crestwood Equity Partners LP | i Large accelerated filer | ☒ | Accelerated filer | ☐ | Non-accelerated filer | ☐ | Smaller reporting company | i ☐ | Emerging growth company | i ☐ | ||||||||||||||||||||||
| Crestwood Midstream Partners LP | Large accelerated filer | ☐ | Accelerated filer | ☐ | i Non-accelerated filer | ☒ | Smaller reporting company | i ☐ | Emerging growth company | i ☐ | ||||||||||||||||||||||
| Crestwood Equity Partners LP | ☐ | |||||||
| Crestwood Midstream Partners LP | ☐ | |||||||
| Crestwood Equity Partners LP | Yes | i ☐ | No | ☒ | ||||||||||||||||
| Crestwood Midstream Partners LP | Yes | i ☐ | No | ☒ | ||||||||||||||||
| Crestwood Equity Partners LP | i 105,098,724 | |||||||
| Crestwood Midstream Partners LP | i None | |||||||
| Page | |||||
| September
30, 2023 | December 31, 2022 | ||||||||||
| (unaudited) | |||||||||||
| Assets | |||||||||||
| Current assets: | |||||||||||
| Cash | $ | i 23.8 | $ | i 7.5 | |||||||
Accounts
receivable, less allowance for doubtful accounts of $ i 0.5 at both September 30, 2023 and December 31, 2022 | i 350.1 | i 432.2 | |||||||||
| Inventory | i 179.9 | i 122.6 | |||||||||
| Assets from price risk management activities | i 38.0 | i 72.8 | |||||||||
| Prepaid expenses and other current assets | i 8.5 | i 18.7 | |||||||||
| Total current assets | i 600.3 | i 653.8 | |||||||||
| Property, plant and equipment | i 5,467.5 | i 5,353.2 | |||||||||
| Less: accumulated depreciation | i 999.6 | i 822.8 | |||||||||
| Property, plant and equipment, net | i 4,467.9 | i 4,530.4 | |||||||||
| Intangible assets | i 1,234.6 | i 1,306.3 | |||||||||
| Less: accumulated amortization | i 277.9 | i 300.7 | |||||||||
| Intangible assets, net | i 956.7 | i 1,005.6 | |||||||||
| Goodwill | i 223.0 | i 223.0 | |||||||||
| Operating lease right-of-use assets, net | i 23.3 | i 24.4 | |||||||||
| Investments in unconsolidated affiliates | i 77.1 | i 119.5 | |||||||||
| Other non-current assets | i 11.5 | i 10.3 | |||||||||
| Total assets | $ | i 6,359.8 | $ | i 6,567.0 | |||||||
| Liabilities and capital | |||||||||||
| Current liabilities: | |||||||||||
| Accounts payable | $ | i 256.9 | $ | i 305.5 | |||||||
| Accrued expenses and other liabilities | i 183.6 | i 180.8 | |||||||||
| Liabilities from price risk management activities | i 17.6 | i 23.9 | |||||||||
| Total current liabilities | i 458.1 | i 510.2 | |||||||||
| Long-term debt, less current portion | i 3,302.5 | i 3,378.3 | |||||||||
| Other long-term liabilities | i 323.4 | i 333.4 | |||||||||
| Deferred income taxes | i 3.4 | i 3.5 | |||||||||
| Total liabilities | i 4,087.4 | i 4,225.4 | |||||||||
Commitments and contingencies (Note
9) | i | i | |||||||||
| Interest of non-controlling partner in subsidiary | i 456.0 | i 434.4 | |||||||||
| Partners’ capital: | |||||||||||
Crestwood Equity Partners LP partners’ capital ( i i 105,099,889 /
and i i 104,646,374 / common units issued
and outstanding at September 30, 2023 and December 31, 2022) | i 1,204.4 | i 1,295.2 | |||||||||
Preferred
units ( i i i i 71,257,445 / / /
units issued and outstanding at both September 30, 2023 and December 31, 2022) | i 612.0 | i 612.0 | |||||||||
| Total partners’ capital | i 1,816.4 | i 1,907.2 | |||||||||
| Total liabilities and capital | $ | i 6,359.8 | $ | i 6,567.0 | |||||||
CRESTWOOD
EQUITY PARTNERS LP CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per unit data) (unaudited) | ||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
| September 30, | September 30, | |||||||||||||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||||||||||||
| Revenues: | ||||||||||||||||||||||||||
| Product revenues | $ | i 989.2 | $ | i 1,332.8 | $ | i 2,991.5 | $ | i 3,938.3 | ||||||||||||||||||
Product
revenues - related party (Note 15) | i — | i 83.2 | i — | i 222.7 | ||||||||||||||||||||||
| Service revenues | i 150.2 | i 92.4 | i 432.2 | i 286.8 | ||||||||||||||||||||||
Service
revenues - related party (Note 15) | i — | i 57.6 | i — | i 150.0 | ||||||||||||||||||||||
| Total revenues | i 1,139.4 | i 1,566.0 | i 3,423.7 | i 4,597.8 | ||||||||||||||||||||||
Costs
of product/services sold (exclusive of items shown separately below): | ||||||||||||||||||||||||||
Product costs | i 898.1 | i 1,228.6 | i 2,668.1 | i 3,613.4 | ||||||||||||||||||||||
Product
costs - related party (Note 15) | i — | i 51.3 | i 0.5 | i 232.9 | ||||||||||||||||||||||
| Service costs | i 3.5 | i 6.9 | i 15.0 | i 18.1 | ||||||||||||||||||||||
| Total costs of products/services sold | i 901.6 | i 1,286.8 | i 2,683.6 | i 3,864.4 | ||||||||||||||||||||||
| Operating expenses and other: | ||||||||||||||||||||||||||
| Operations and maintenance | i 56.9 | i 55.0 | i 166.7 | i 144.0 | ||||||||||||||||||||||
| General and administrative | i 30.2 | i 33.9 | i 86.8 | i 103.8 | ||||||||||||||||||||||
| Depreciation, amortization and accretion | i 80.2 | i 86.9 | i 242.7 | i 242.3 | ||||||||||||||||||||||
| Loss on long-lived assets, net | i 2.6 | i 175.9 | i 4.8 | i 186.9 | ||||||||||||||||||||||
| Gain on acquisition | i — | ( i 75.3) | i — | ( i 75.3) | ||||||||||||||||||||||
| i 169.9 | i 276.4 | i 501.0 | i 601.7 | |||||||||||||||||||||||
| Operating income | i 67.9 | i 2.8 | i 239.1 | i 131.7 | ||||||||||||||||||||||
| Earnings from unconsolidated affiliates, net | i 1.1 | i 3.2 | i 135.2 | i 12.2 | ||||||||||||||||||||||
| Interest and debt expense, net | ( i 56.9) | ( i 47.6) | ( i 167.9) | ( i 123.8) | ||||||||||||||||||||||
Other
income, net | i 0.2 | i — | i 0.3 | i 0.2 | ||||||||||||||||||||||
| Income (loss) before income taxes | i 12.3 | ( i 41.6) | i 206.7 | i 20.3 | ||||||||||||||||||||||
| Provision for income taxes | ( i 0.2) | ( i 1.4) | ( i 1.1) | ( i 1.7) | ||||||||||||||||||||||
| Net income (loss) | i 12.1 | ( i 43.0) | i 205.6 | i 18.6 | ||||||||||||||||||||||
| Net income attributable to non-controlling partner | i 32.1 | i 10.3 | i 52.6 | i 30.8 | ||||||||||||||||||||||
| Net income (loss) attributable to Crestwood Equity Partners LP | ( i 20.0) | ( i 53.3) | i 153.0 | ( i 12.2) | ||||||||||||||||||||||
Net
income attributable to preferred units | i 15.1 | i 15.0 | i 45.1 | i 45.0 | ||||||||||||||||||||||
| Net income (loss) attributable to partners | $ | ( i 35.1) | $ | ( i 68.3) | $ | i 107.9 | $ | ( i 57.2) | ||||||||||||||||||
Net
income (loss) per limited partner unit: (Note 12) | ||||||||||||||||||||||||||
| Basic | $ | ( i 0.33) | $ | ( i 0.64) | $ | i 1.03 | $ | ( i 0.59) | ||||||||||||||||||
| Diluted | $ | ( i 0.33) | $ | ( i 0.64) | $ | i 0.99 | $ | ( i 0.59) | ||||||||||||||||||
Weighted-average
limited partners’ units outstanding: | ||||||||||||||||||||||||||
| Basic | i 105.2 | i 107.1 | i 105.2 | i 97.1 | ||||||||||||||||||||||
| Dilutive | i — | i — | i 3.9 | i — | ||||||||||||||||||||||
| Diluted | i 105.2 | i 107.1 | i 109.1 | i 97.1 | ||||||||||||||||||||||
| Preferred | Common | ||||||||||||||||||||||||||||
| Units | Capital | Units | Capital | Total Partners’ Capital | |||||||||||||||||||||||||
| Balance at December 31, 2022 | i 71.3 | $ | i 612.0 | i 104.6 | $ | i 1,295.2 | $ | i 1,907.2 | |||||||||||||||||||||
| Distributions to partners | — | ( i 15.0) | — | ( i 68.9) | ( i 83.9) | ||||||||||||||||||||||||
| Unit-based compensation | — | — | i 1.1 | i 11.8 | i 11.8 | ||||||||||||||||||||||||
| Taxes paid for unit-based compensation vesting | — | — | ( i 0.5) | ( i 14.8) | ( i 14.8) | ||||||||||||||||||||||||
| Other | — | — | i 0.1 | i 1.6 | i 1.6 | ||||||||||||||||||||||||
| Net income | — | i 15.0 | — | i 16.4 | i 31.4 | ||||||||||||||||||||||||
| Balance at March 31, 2023 | i 71.3 | $ | i 612.0 | i 105.3 | $ | i 1,241.3 | $ | i 1,853.3 | |||||||||||||||||||||
| Distributions to partners | — | ( i 15.0) | — | ( i 68.9) | ( i 83.9) | ||||||||||||||||||||||||
| Unit-based compensation | — | — | — | i 9.2 | i 9.2 | ||||||||||||||||||||||||
| Taxes paid for unit-based compensation vesting | — | — | ( i 0.1) | ( i 0.8) | ( i 0.8) | ||||||||||||||||||||||||
| Other | — | — | — | ( i 0.2) | ( i 0.2) | ||||||||||||||||||||||||
| Net income | — | i 15.0 | — | i 126.6 | i 141.6 | ||||||||||||||||||||||||
| Balance at June 30, 2023 | i 71.3 | $ | i 612.0 | i 105.2 | $ | i 1,307.2 | $ | i 1,919.2 | |||||||||||||||||||||
| Distributions to partners | — | ( i 15.1) | — | ( i 68.9) | ( i 84.0) | ||||||||||||||||||||||||
Unit-based
compensation | — | — | — | i 6.5 | i 6.5 | ||||||||||||||||||||||||
| Taxes paid for unit-based compensation vesting | — | — | ( i 0.1) | ( i 4.9) | ( i 4.9) | ||||||||||||||||||||||||
| Other | — | — | — | ( i 0.4) | ( i 0.4) | ||||||||||||||||||||||||
Net
income (loss) | — | i 15.1 | — | ( i 35.1) | ( i 20.0) | ||||||||||||||||||||||||
| Balance at September 30, 2023 | i 71.3 | $ | i 612.0 | i 105.1 | $ | i 1,204.4 | $ | i 1,816.4 | |||||||||||||||||||||
| Preferred | Common | ||||||||||||||||||||||||||||
| Units | Capital | Units | Capital | Total Partners’ Capital | |||||||||||||||||||||||||
| Balance at December 31, 2021 | i 71.3 | $ | i 612.0 | i 63.0 | $ | i 487.6 | $ | i 1,099.6 | |||||||||||||||||||||
| Distributions to partners | — | ( i 15.0) | — | ( i 60.9) | ( i 75.9) | ||||||||||||||||||||||||
Issuance
of common units (Note 3) | — | — | i 33.8 | i 930.0 | i 930.0 | ||||||||||||||||||||||||
| Unit-based compensation | — | — | i 1.6 | i 13.0 | i 13.0 | ||||||||||||||||||||||||
| Taxes paid for unit-based compensation vesting | — | — | ( i 0.5) | ( i 14.9) | ( i 14.9) | ||||||||||||||||||||||||
| Other | — | — | i 0.1 | i 2.2 | i 2.2 | ||||||||||||||||||||||||
| Net income (loss) | — | i 15.0 | — | ( i 3.0) | i 12.0 | ||||||||||||||||||||||||
| Balance at March 31, 2022 | i 71.3 | $ | i 612.0 | i 98.0 | $ | i 1,354.0 | $ | i 1,966.0 | |||||||||||||||||||||
| Distributions to partners | — | ( i 15.0) | — | ( i 64.2) | ( i 79.2) | ||||||||||||||||||||||||
| Unit-based compensation | — | — | — | i 8.6 | i 8.6 | ||||||||||||||||||||||||
| Taxes paid for unit-based compensation vesting | — | — | — | ( i 0.7) | ( i 0.7) | ||||||||||||||||||||||||
| Other | — | — | — | ( i 0.4) | ( i 0.4) | ||||||||||||||||||||||||
| Net income | — | i 15.0 | — | i 14.1 | i 29.1 | ||||||||||||||||||||||||
| Balance at June 30, 2022 | i 71.3 | $ | i 612.0 | i 98.0 | $ | i 1,311.4 | $ | i 1,923.4 | |||||||||||||||||||||
| Distributions to partners | — | ( i 15.0) | — | ( i 71.6) | ( i 86.6) | ||||||||||||||||||||||||
Issuance
of common units (Note 3) | — | — | i 11.3 | i 270.8 | i 270.8 | ||||||||||||||||||||||||
Purchase
of common units (Note 11) | — | — | — | ( i 123.7) | ( i 123.7) | ||||||||||||||||||||||||
Retirement
of common units (Note 11) | — | — | ( i 4.6) | — | — | ||||||||||||||||||||||||
Unit-based compensation | — | — | — | i 8.0 | i 8.0 | ||||||||||||||||||||||||
| Taxes paid for unit-based compensation vesting | — | — | — | ( i 0.2) | ( i 0.2) | ||||||||||||||||||||||||
| Other | — | — | — | ( i 0.2) | ( i 0.2) | ||||||||||||||||||||||||
| Net income (loss) | — | i 15.0 | — | ( i 68.3) | ( i 53.3) | ||||||||||||||||||||||||
| Balance at September 30, 2022 | i 71.3 | $ | i 612.0 | i 104.7 | $ | i 1,326.2 | $ | i 1,938.2 | |||||||||||||||||||||
CRESTWOOD EQUITY PARTNERS LP CONSOLIDATED STATEMENTS OF CASH FLOWS (in
millions) (unaudited) | |||||||||||
| Nine Months Ended | |||||||||||
| September 30, | |||||||||||
| 2023 | 2022 | ||||||||||
| Operating activities | |||||||||||
| Net income | $ | i 205.6 | $ | i 18.6 | |||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Depreciation, amortization and accretion | i 242.7 | i 242.3 | |||||||||
| Amortization of debt-related deferred costs and fair value adjustment | i 2.5 | i 1.7 | |||||||||
| Unit-based compensation | i 25.7 | i 26.8 | |||||||||
| Loss on long-lived assets, net | i 4.8 | i 186.9 | |||||||||
| Gain on acquisition | i — | ( i 75.3) | |||||||||
| Earnings from unconsolidated affiliates, net, adjusted for cash distributions received | ( i 133.3) | ( i 0.9) | |||||||||
| Deferred income taxes | ( i 0.1) | i 1.1 | |||||||||
| Other | i 0.1 | i — | |||||||||
| Changes in operating assets and liabilities | i 30.5 | ( i 123.9) | |||||||||
| Net cash provided by operating activities | i 378.5 | i 277.3 | |||||||||
| Investing activities | |||||||||||
Acquisitions, net of cash acquired (Note 3) | i — | ( i 604.3) | |||||||||
| Purchases of property, plant and equipment | ( i 164.0) | ( i 147.3) | |||||||||
| Investments in unconsolidated affiliates | ( i 7.2) | ( i 90.2) | |||||||||
| Capital distributions from unconsolidated affiliates | i 4.4 | i 9.4 | |||||||||
| Net proceeds from sale of assets, including equity investments | i 188.2 | i 315.2 | |||||||||
| Net cash provided by (used in) investing activities | i 21.4 | ( i 517.2) | |||||||||
| Financing activities | |||||||||||
| Proceeds from the issuance of long-term debt | i 2,058.3 | i 3,072.0 | |||||||||
| Payments on long-term debt | ( i 2,127.4) | ( i 2,393.1) | |||||||||
| Payments on finance leases | ( i 2.0) | ( i 31.3) | |||||||||
| Payments for deferred financing costs | ( i 9.2) | ( i 1.8) | |||||||||
| Purchase of common units | i — | ( i 123.7) | |||||||||
| Distributions to partners | ( i 206.7) | ( i 196.7) | |||||||||
| Distributions to non-controlling partner | ( i 31.0) | ( i 31.0) | |||||||||
| Distributions to preferred unitholders | ( i 45.1) | ( i 45.0) | |||||||||
| Taxes paid for unit-based compensation vesting | ( i 20.5) | ( i 15.8) | |||||||||
| Other | i — | ( i 0.6) | |||||||||
Net
cash provided by (used in) financing activities | ( i 383.6) | i 233.0 | |||||||||
| Net change in cash | i 16.3 | ( i 6.9) | |||||||||
| Cash at beginning of period | i 7.5 | i 13.3 | |||||||||
| Cash at end of period | $ | i 23.8 | $ | i 6.4 | |||||||
| Supplemental schedule of noncash investing activities | |||||||||||
| Net change to property, plant and equipment through accounts payable and accrued expenses | $ | ( i 18.4) | $ | i 19.9 | |||||||
| September
30, 2023 | December 31, 2022 | ||||||||||
| (unaudited) | |||||||||||
| Assets | |||||||||||
| Current assets: | |||||||||||
| Cash | $ | i 23.4 | $ | i 7.1 | |||||||
Accounts
receivable, less allowance for doubtful accounts of $ i i 0.5 / at
both September 30, 2023 and December 31, 2022 | i 350.0 | i 432.2 | |||||||||
| Inventory | i 179.9 | i 122.6 | |||||||||
| Assets from price risk management activities | i 38.0 | i 72.8 | |||||||||
| Prepaid expenses and other current assets | i 8.5 | i 18.7 | |||||||||
| Total current assets | i 599.8 | i 653.4 | |||||||||
| Property, plant and equipment | i 5,464.3 | i 5,350.0 | |||||||||
| Less: accumulated depreciation | i 999.3 | i 822.6 | |||||||||
| Property, plant and equipment, net | i 4,465.0 | i 4,527.4 | |||||||||
| Intangible assets | i 1,234.6 | i 1,306.3 | |||||||||
| Less: accumulated amortization | i 277.9 | i 300.7 | |||||||||
| Intangible assets, net | i 956.7 | i 1,005.6 | |||||||||
| Goodwill | i 223.0 | i 223.0 | |||||||||
| Operating lease right-of-use assets, net | i 23.3 | i 24.4 | |||||||||
| Investments in unconsolidated affiliates | i 77.1 | i 119.5 | |||||||||
| Other non-current assets | i 9.3 | i 8.1 | |||||||||
| Total assets | $ | i 6,354.2 | $ | i 6,561.4 | |||||||
| Liabilities and capital | |||||||||||
| Current liabilities: | |||||||||||
| Accounts payable | $ | i 256.9 | $ | i 305.4 | |||||||
| Accrued expenses and other liabilities | i 182.7 | i 179.5 | |||||||||
| Liabilities from price risk management activities | i 17.6 | i 23.9 | |||||||||
| Total current liabilities | i 457.2 | i 508.8 | |||||||||
| Long-term debt, less current portion | i 3,302.5 | i 3,378.3 | |||||||||
| Other long-term liabilities | i 321.3 | i 330.3 | |||||||||
| Deferred income taxes | i 2.5 | i 2.3 | |||||||||
| Total liabilities | i 4,083.5 | i 4,219.7 | |||||||||
Commitments and contingencies (Note
9) | i | i | |||||||||
| Interest of non-controlling partner in subsidiary | i 456.0 | i 434.4 | |||||||||
Partners’
capital | i 1,814.7 | i 1,907.3 | |||||||||
| Total liabilities and capital | $ | i 6,354.2 | $ | i 6,561.4 | |||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
| September 30, | September 30, | ||||||||||||||||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
| Revenues: | |||||||||||||||||||||||
| Product revenues | $ | i 989.2 | $ | i 1,332.8 | $ | i 2,991.5 | $ | i 3,938.3 | |||||||||||||||
Product
revenues - related party (Note 15) | i — | i 83.2 | i — | i 222.7 | |||||||||||||||||||
| Service revenues | i 150.2 | i 92.4 | i 432.2 | i 286.8 | |||||||||||||||||||
Service
revenues - related party (Note 15) | i — | i 57.6 | i — | i 150.0 | |||||||||||||||||||
| Total revenues | i 1,139.4 | i 1,566.0 | i 3,423.7 | i 4,597.8 | |||||||||||||||||||
Costs
of product/services sold (exclusive of items shown separately below): | |||||||||||||||||||||||
| Product costs | i 898.1 | i 1,228.6 | i 2,668.1 | i 3,613.4 | |||||||||||||||||||
Product
costs - related party (Note 15) | i — | i 51.3 | i 0.5 | i 232.9 | |||||||||||||||||||
| Service costs | i 3.5 | i 6.9 | i 15.0 | i 18.1 | |||||||||||||||||||
| Total costs of product/services sold | i 901.6 | i 1,286.8 | i 2,683.6 | i 3,864.4 | |||||||||||||||||||
| Operating expenses and other: | |||||||||||||||||||||||
| Operations and maintenance | i 56.9 | i 55.0 | i 166.7 | i 144.0 | |||||||||||||||||||
| General and administrative | i 20.8 | i 32.3 | i 74.6 | i 99.0 | |||||||||||||||||||
| Depreciation, amortization and accretion | i 80.1 | i 86.8 | i 242.5 | i 248.0 | |||||||||||||||||||
| Loss on long-lived assets, net | i 2.6 | i 247.6 | i 4.8 | i 311.9 | |||||||||||||||||||
| Gain on acquisition | i — | ( i 75.3) | i — | ( i 75.3) | |||||||||||||||||||
| i 160.4 | i 346.4 | i 488.6 | i 727.6 | ||||||||||||||||||||
| Operating income (loss) | i 77.4 | ( i 67.2) | i 251.5 | i 5.8 | |||||||||||||||||||
| Earnings from unconsolidated affiliates, net | i 1.1 | i 3.2 | i 135.2 | i 12.2 | |||||||||||||||||||
| Interest and debt expense, net | ( i 56.9) | ( i 47.6) | ( i 167.9) | ( i 123.8) | |||||||||||||||||||
| Income (loss) before income taxes | i 21.6 | ( i 111.6) | i 218.8 | ( i 105.8) | |||||||||||||||||||
| Provision for income taxes | ( i 0.2) | ( i 1.4) | ( i 1.0) | ( i 1.6) | |||||||||||||||||||
| Net income (loss) | i 21.4 | ( i 113.0) | i 217.8 | ( i 107.4) | |||||||||||||||||||
| Net income attributable to non-controlling partner | i 32.1 | i 10.3 | i 52.6 | i 30.8 | |||||||||||||||||||
| Net income (loss) attributable to Crestwood Midstream Partners LP | $ | ( i 10.7) | $ | ( i 123.3) | $ | i 165.2 | $ | ( i 138.2) | |||||||||||||||
| Total Partners’ Capital | |||||
Balance at December 31, 2022 | $ | i 1,907.3 | |||
| Distributions to partners | ( i 85.9) | ||||
| Unit-based compensation | i 11.8 | ||||
| Taxes paid for unit-based compensation vesting | ( i 14.8) | ||||
| Net income | i 32.8 | ||||
| Balance at March 31, 2023 | $ | i 1,851.2 | |||
| Distributions to partners | ( i 85.4) | ||||
| Unit-based compensation | i 9.2 | ||||
| Taxes paid for unit-based compensation vesting | ( i 0.8) | ||||
| Net income | i 143.1 | ||||
| Balance at June 30, 2023 | $ | i 1,917.3 | |||
| Distributions to partners | ( i 93.5) | ||||
Unit-based
compensation | i 6.5 | ||||
| Taxes paid for unit-based compensation vesting | ( i 4.9) | ||||
Net
loss | ( i 10.7) | ||||
| Balance at September 30, 2023 | $ | i 1,814.7 | |||
| Total Partners’ Capital | |||||
| Balance at December 31, 2021 | $ | i 1,232.3 | |||
Non-cash contribution from partner (Note 11) | i 1,075.1 | ||||
Cash
contribution from partner (Note 11) | i 14.9 | ||||
| Distributions to partners | ( i 238.1) | ||||
| Unit-based compensation | i 13.0 | ||||
| Taxes paid for unit-based compensation vesting | ( i 14.9) | ||||
| Other | i 0.1 | ||||
| Net income | i 10.0 | ||||
| Balance at March 31, 2022 | $ | i 2,092.4 | |||
| Distributions to partners | ( i 81.6) | ||||
| Unit-based compensation | i 8.6 | ||||
| Taxes paid for unit-based compensation vesting | ( i 0.7) | ||||
| Net loss | ( i 24.9) | ||||
| Balance at June 30, 2022 | $ | i 1,993.8 | |||
Non-cash contribution from partner (Note 11) | i 127.3 | ||||
Cash
contribution from partner (Note 11) | i 149.4 | ||||
| Distributions to partners | ( i 217.9) | ||||
Unit-based
compensation | i 8.0 | ||||
| Taxes paid for unit-based compensation vesting | ( i 0.2) | ||||
| Net loss | ( i 123.3) | ||||
| Balance at September 30, 2022 | $ | i 1,937.1 | |||
| Nine Months Ended | |||||||||||
| September 30, | |||||||||||
| 2023 | 2022 | ||||||||||
| Operating activities | |||||||||||
| Net income (loss) | $ | i 217.8 | $ | ( i 107.4) | |||||||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||||||||
| Depreciation, amortization and accretion | i 242.5 | i 248.0 | |||||||||
| Amortization of debt-related deferred costs and fair value adjustment | i 2.5 | i 1.7 | |||||||||
| Unit-based compensation | i 25.7 | i 26.8 | |||||||||
| Loss on long-lived assets, net | i 4.8 | i 311.9 | |||||||||
| Gain on acquisition | i — | ( i 75.3) | |||||||||
| Earnings from unconsolidated affiliates, net, adjusted for cash distributions received | ( i 133.3) | ( i 0.9) | |||||||||
| Deferred income taxes | i 0.2 | i 1.2 | |||||||||
| Other | i 0.1 | i — | |||||||||
Changes
in operating assets and liabilities | i 31.2 | ( i 123.9) | |||||||||
| Net cash provided by operating activities | i 391.5 | i 282.1 | |||||||||
| Investing activities | |||||||||||
Acquisitions, net of cash acquired (Note 3) | i — | ( i 602.7) | |||||||||
| Purchases of property, plant and equipment | ( i 164.0) | ( i 146.6) | |||||||||
| Investments in unconsolidated affiliates | ( i 7.2) | ( i 90.2) | |||||||||
| Capital distributions from unconsolidated affiliates | i 4.4 | i 9.4 | |||||||||
| Net proceeds from sale of assets, including equity investments | i 188.2 | i 315.2 | |||||||||
| Net cash provided by (used in) investing activities | i 21.4 | ( i 514.9) | |||||||||
| Financing activities | |||||||||||
Proceeds from the issuance of long-term debt | i 2,058.3 | i 3,072.0 | |||||||||
| Payments on long-term debt | ( i 2,127.4) | ( i 2,393.1) | |||||||||
| Payments on finance leases | ( i 2.0) | ( i 31.3) | |||||||||
| Payments for deferred financing costs | ( i 9.2) | ( i 1.8) | |||||||||
| Contributions from partner | i — | i 164.3 | |||||||||
| Distributions to partners | ( i 264.8) | ( i 537.6) | |||||||||
| Distributions to non-controlling partner | ( i 31.0) | ( i 31.0) | |||||||||
| Taxes paid for unit-based compensation vesting | ( i 20.5) | ( i 15.8) | |||||||||
| Net cash provided by (used in) financing activities | ( i 396.6) | i 225.7 | |||||||||
| Net change in cash | i 16.3 | ( i 7.1) | |||||||||
| Cash at beginning of period | i 7.1 | i 12.9 | |||||||||
| Cash at end of period | $ | i 23.4 | $ | i 5.8 | |||||||
| Supplemental schedule of non-cash investing activities | |||||||||||
Net change to property, plant and equipment through accounts payable and accrued expenses | $ | ( i 18.4) | $ | i 19.9 | |||||||
| September 30, | December 31, | |||||||||||||
| 2023 | 2022 | |||||||||||||
| CMLP | ||||||||||||||
| Accrued expenses | $ | i 56.9 | $ | i 66.5 | ||||||||||
| Accrued property taxes | i 10.5 | i 8.4 | ||||||||||||
| Income tax payable | i 0.7 | i 0.9 | ||||||||||||
| Interest payable | i 64.4 | i 43.2 | ||||||||||||
| Accrued additions to property, plant and equipment | i 16.3 | i 35.6 | ||||||||||||
| Operating leases | i 11.1 | i 10.9 | ||||||||||||
| Finance leases | i 1.7 | i 1.9 | ||||||||||||
| Contract liabilities | i 20.3 | i 11.7 | ||||||||||||
| Asset retirement obligations | i 0.8 | i 0.4 | ||||||||||||
| Total CMLP accrued expenses and other liabilities | $ | i 182.7 | $ | i 179.5 | ||||||||||
| CEQP | ||||||||||||||
| Accrued expenses | i 0.9 | i 1.2 | ||||||||||||
| Income tax payable | i — | i 0.1 | ||||||||||||
| Total CEQP accrued expenses and other liabilities | $ | i 183.6 | $ | i 180.8 | ||||||||||
| September 30, | December 31, | ||||||||||
| 2023 | 2022 | ||||||||||
| CMLP | |||||||||||
| Contract liabilities | $ | i 207.4 | $ | i 212.3 | |||||||
| Intangible liabilities, net | i 45.5 | i 50.0 | |||||||||
| Asset retirement obligations | i 38.5 | i 36.4 | |||||||||
| Operating leases | i 15.4 | i 17.4 | |||||||||
| Other | i 14.5 | i 14.2 | |||||||||
| Total CMLP other long-term liabilities | $ | i 321.3 | $ | i 330.3 | |||||||
| CEQP | |||||||||||
| Other | i 2.1 | i 3.1 | |||||||||
| Total CEQP other long-term liabilities | $ | i 323.4 | $ | i 333.4 | |||||||
| Investment | Earnings
(Loss) from Unconsolidated Affiliates | Earnings (Loss) from Unconsolidated Affiliates | |||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||||||||||||
| September 30, | December 31, | September 30, | September 30, | ||||||||||||||||||||||||||||||||||||||
| 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||||||||||||||||||
Crestwood Permian Basin LLC(1) | $ | i 74.0 | $ | i 76.5 | $ | i 1.1 | $ | i 0.7 | $ | i 2.0 | $ | i 0.7 | |||||||||||||||||||||||||||||
Tres
Palacios Holdings LLC(2) | i — | i 39.8 | i 0.1 | i 1.3 | i 133.6 | i 3.2 | |||||||||||||||||||||||||||||||||||
Powder
River Basin Industrial Complex, LLC(3) | i 3.1 | i 3.2 | ( i 0.1) | ( i 0.1) | ( i 0.4) | ( i 0.4) | |||||||||||||||||||||||||||||||||||
Crestwood
Permian Basin Holdings LLC(4) | i — | i — | i — | i 1.3 | i — | i 8.7 | |||||||||||||||||||||||||||||||||||
| Total | $ | i 77.1 | $ | i 119.5 | $ | i 1.1 | $ | i 3.2 | $ | i 135.2 | $ | i 12.2 | |||||||||||||||||||||||||||||
| Distributions | Contributions | |||||||||||||||||||||||||||||||||||||
| Nine Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||||||
| September 30, | September 30, | |||||||||||||||||||||||||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||||||||||||||||||||||||
| Crestwood Permian Basin | $ | i 6.3 | $ | i 2.2 | $ | i 1.8 | $ | i — | ||||||||||||||||||||||||||||||
| Tres Holdings | i — | i 4.9 | i 5.1 | i 6.7 | ||||||||||||||||||||||||||||||||||
| PRBIC | i — | i — | i 0.3 | i — | ||||||||||||||||||||||||||||||||||
| Crestwood Permian | i — | i 13.6 | i — | i 83.5 | ||||||||||||||||||||||||||||||||||
| Total | $ | i 6.3 | $ | i 20.7 | $ | i 7.2 | $ | i 90.2 | ||||||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
| September 30, | September 30, | ||||||||||||||||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
| Product revenues | $ | i 49.1 | $ | i 84.7 | $ | i 236.0 | $ | i 395.7 | |||||||||||||||
| Product costs, net | $ | i 18.0 | $ | ( i 45.0) | $ | ( i 13.5) | $ | i 6.3 | |||||||||||||||
| September 30, 2023 | December 31, 2022 | ||||||||||||||||||||||
| Fixed Price Payor | Fixed Price Receiver | Fixed Price Payor | Fixed Price Receiver | ||||||||||||||||||||
| Propane, ethane, butane, heating oil and crude oil (MMBbls) | i 72.9 | i 78.7 | i 67.2 | i 70.2 | |||||||||||||||||||
| Natural gas (Bcf) | i 11.3 | i 12.8 | i 44.2 | i 48.4 | |||||||||||||||||||
| September 30, 2023 | |||||||||||||||||||||||||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Gross Fair Value | Contract Netting(1) | Collateral/Margin Received or Paid | Fair Value | |||||||||||||||||||||||||||||||||||
| Assets | |||||||||||||||||||||||||||||||||||||||||
| Assets from price risk management | $ | i 14.5 | $ | i 248.6 | $ | i — | $ | i 263.1 | $ | ( i 213.9) | $ | ( i 11.2) | $ | i 38.0 | |||||||||||||||||||||||||||
Other
investments(2) | i 2.8 | i — | i — | i 2.8 | — | — | i 2.8 | ||||||||||||||||||||||||||||||||||
| Total assets at fair value | $ | i 17.3 | $ | i 248.6 | $ | i — | $ | i 265.9 | $ | ( i 213.9) | $ | ( i 11.2) | $ | i 40.8 | |||||||||||||||||||||||||||
| Liabilities | |||||||||||||||||||||||||||||||||||||||||
| Liabilities from price risk management with credit-risk-related contingent features | $ | i 11.5 | $ | i 206.2 | $ | i — | $ | i 217.7 | $ | ( i 213.9) | $ | i 3.9 | $ | i 7.7 | |||||||||||||||||||||||||||
| Liabilities from price risk management without credit-risk-related contingent features | i — | i 5.5 | i — | i 5.5 | — | i 4.4 | i 9.9 | ||||||||||||||||||||||||||||||||||
| Total liabilities at fair value | $ | i 11.5 | $ | i 211.7 | $ | i — | $ | i 223.2 | $ | ( i 213.9) | $ | i 8.3 | $ | i 17.6 | |||||||||||||||||||||||||||
| December 31, 2022 | |||||||||||||||||||||||||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Gross Fair Value | Contract Netting(1) | Collateral/Margin Received or Paid | Fair Value | |||||||||||||||||||||||||||||||||||
| Assets | |||||||||||||||||||||||||||||||||||||||||
| Assets from price risk management | $ | i 62.8 | $ | i 474.3 | $ | i — | $ | i 537.1 | $ | ( i 452.1) | $ | ( i 12.2) | $ | i 72.8 | |||||||||||||||||||||||||||
Other
investments(2) | i 2.6 | i — | i — | i 2.6 | — | — | i 2.6 | ||||||||||||||||||||||||||||||||||
| Total assets at fair value | $ | i 65.4 | $ | i 474.3 | $ | i — | $ | i 539.7 | $ | ( i 452.1) | $ | ( i 12.2) | $ | i 75.4 | |||||||||||||||||||||||||||
| Liabilities | |||||||||||||||||||||||||||||||||||||||||
| Liabilities from price risk management with credit-risk-related contingent features | $ | i 65.7 | $ | i 420.1 | $ | i — | $ | i 485.8 | $ | ( i 452.1) | $ | ( i 25.6) | $ | i 8.1 | |||||||||||||||||||||||||||
| Liabilities from price risk management without credit-risk-related contingent features | i — | i 11.9 | i — | i 11.9 | — | i 3.9 | i 15.8 | ||||||||||||||||||||||||||||||||||
| Total liabilities at fair value | $ | i 65.7 | $ | i 432.0 | $ | i — | $ | i 497.7 | $ | ( i 452.1) | $ | ( i 21.7) | $ | i 23.9 | |||||||||||||||||||||||||||
| September 30, 2023 | December 31, 2022 | ||||||||||||||||||||||
| Carrying Amount | Fair Value | Carrying Amount | Fair Value | ||||||||||||||||||||
| 2025 Senior Notes | $ | i 498.4 | $ | i 491.8 | $ | i 497.6 | $ | i 486.7 | |||||||||||||||
| 2027 Senior Notes | $ | i 596.1 | $ | i 576.7 | $ | i 595.3 | $ | i 556.9 | |||||||||||||||
| February 2029 Senior Notes | $ | i 693.1 | $ | i 674.4 | $ | i 692.1 | $ | i 642.1 | |||||||||||||||
April
2029 Senior Notes(1) | $ | i 473.5 | $ | i 464.2 | $ | i 476.7 | $ | i 450.0 | |||||||||||||||
| 2031 Senior Notes | $ | i 591.6 | $ | i 611.5 | $ | i — | $ | i — | |||||||||||||||
| September 30, 2023 | December
31, 2022 | ||||||||||
| CMLP Credit Facility | $ | i 460.0 | $ | i 922.3 | |||||||
| CPBH Credit Facility | i — | i 206.8 | |||||||||
| 2025 Senior Notes | i 500.0 | i 500.0 | |||||||||
| 2027 Senior Notes | i 600.0 | i 600.0 | |||||||||
| February 2029 Senior Notes | i 700.0 | i 700.0 | |||||||||
| April 2029 Senior Notes | i 450.0 | i 450.0 | |||||||||
April 2029 Senior Notes fair value adjustment, net(1) | i 23.5 | i 26.7 | |||||||||
| 2031 Senior Notes | i 600.0 | i — | |||||||||
| Less: deferred financing costs, net | i 31.0 | i 27.5 | |||||||||
| Total long-term debt | $ | i 3,302.5 | $ | i 3,378.3 | |||||||
| CEQP | CMLP | ||||||||||||||||||||||
| September
30, 2023 | December 31, 2022 | September 30, 2023 | December 31, 2022 | ||||||||||||||||||||
Self-insurance reserves(1) | $ | i 5.7 | $ | i 5.6 | $ | i 5.0 | $ | i 4.8 | |||||||||||||||
| September 30, 2023 | December 31, 2022 | ||||||||||
| Operating Leases | |||||||||||
| Operating lease right-of-use assets, net | $ | i 23.3 | $ | i 24.4 | |||||||
| Accrued expenses and other liabilities | $ | i 11.1 | $ | i 10.9 | |||||||
| Other long-term liabilities | i 15.4 | i 17.4 | |||||||||
| Total operating lease liabilities | $ | i 26.5 | $ | i 28.3 | |||||||
| Finance Leases | |||||||||||
| Property, plant and equipment | $ | i 9.8 | $ | i 13.6 | |||||||
| Less: accumulated depreciation | i 4.9 | i 8.9 | |||||||||
| Property, plant and equipment, net | $ | i 4.9 | $ | i 4.7 | |||||||
| Accrued expenses and other liabilities | $ | i 1.7 | $ | i 1.9 | |||||||
| Other long-term liabilities | i 3.0 | i 2.7 | |||||||||
| Total finance lease liabilities | $ | i 4.7 | $ | i 4.6 | |||||||
| Record Date | Payment Date | Per Unit Rate | Cash
Distributions (in millions) | |||||||||||||||||
| 2023 | ||||||||||||||||||||
| i February 7, 2023 | i February 14, 2023 | $ | i 0.655 | $ | i 68.9 | |||||||||||||||
| i May 8, 2023 | i May 15, 2023 | $ | i 0.655 | i 68.9 | ||||||||||||||||
| i August 7, 2023 | i August 14, 2023 | $ | i 0.655 | i 68.9 | ||||||||||||||||
| $ | i 206.7 | |||||||||||||||||||
| 2022 | ||||||||||||||||||||
| i February 7, 2022 | i February 14, 2022 | $ | i 0.625 | $ | i 60.9 | |||||||||||||||
| i May 6, 2022 | i May 13, 2022 | $ | i 0.655 | i 64.2 | ||||||||||||||||
| i August 5, 2022 | i August 12, 2022 | $ | i 0.655 | i 71.6 | ||||||||||||||||
| $ | i 196.7 | |||||||||||||||||||
Balance
at December 31, 2022 | $ | i 434.4 | ||||||
| Distributions to non-controlling partner | ( i 31.0) | |||||||
Net
income attributable to non-controlling partner(1) | i 52.6 | |||||||
Balance at September 30, 2023 | $ | i 456.0 | ||||||
Balance
at December 31, 2021 | $ | i 434.6 | ||||||
| Distributions to non-controlling partner | ( i 31.0) | |||||||
| Net income attributable to non-controlling partner | i 30.8 | |||||||
Balance at September 30, 2022 | $ | i 434.4 | ||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
| September 30, | September 30, | ||||||||||||||||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
Preferred units(1) | i 7.1 | i 7.1 | i 7.1 | i 7.1 | |||||||||||||||||||
Crestwood
Niobrara’s preferred units(1) | i 3.8 | i 3.9 | i — | i 3.9 | |||||||||||||||||||
Unit-based
compensation performance units(1) | i 0.1 | i 0.1 | i — | i 0.2 | |||||||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||
| September 30, | September 30, | |||||||||||||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||||||||||||
Common unitholders’ interest in net income (loss) | $ | ( i 35.1) | $ | ( i 68.3) | $ | i 107.9 | $ | ( i 57.2) | ||||||||||||||||||
Diluted
net income (loss) | $ | ( i 35.1) | $ | ( i 68.3) | $ | i 107.9 | $ | ( i 57.2) | ||||||||||||||||||
| Weighted-average limited partners’ units outstanding - basic | i 105.2 | i 107.1 | i 105.2 | i 97.1 | ||||||||||||||||||||||
| Dilutive effect of Crestwood Niobrara preferred units | i — | i — | i 3.8 | i — | ||||||||||||||||||||||
| Dilutive effect of unit-based compensation performance units | i — | i — | i 0.1 | i — | ||||||||||||||||||||||
| Weighted-average limited partners’ units outstanding - diluted | i 105.2 | i 107.1 | i 109.1 | i 97.1 | ||||||||||||||||||||||
Net
income (loss) per limited partner unit: | ||||||||||||||||||||||||||
| Basic | $ | ( i 0.33) | $ | ( i 0.64) | $ | i 1.03 | $ | ( i 0.59) | ||||||||||||||||||
| Diluted | $ | ( i 0.33) | $ | ( i 0.64) | $ | i 0.99 | $ | ( i 0.59) | ||||||||||||||||||
| CEQP | CMLP | ||||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
| September 30, | September 30, | September 30, | September 30, | ||||||||||||||||||||||||||||||||||||||||||||
| 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||||||||||||||||||||||
| Net income (loss) | $ | i 12.1 | $ | ( i 43.0) | $ | i 205.6 | $ | i 18.6 | $ | i 21.4 | $ | ( i 113.0) | $ | i 217.8 | $ | ( i 107.4) | |||||||||||||||||||||||||||||||
| Add: | |||||||||||||||||||||||||||||||||||||||||||||||
| Interest and debt expense, net | i 56.9 | i 47.6 | i 167.9 | i 123.8 | i 56.9 | i 47.6 | i 167.9 | i 123.8 | |||||||||||||||||||||||||||||||||||||||
| Provision for income taxes | i 0.2 | i 1.4 | i 1.1 | i 1.7 | i 0.2 | i 1.4 | i 1.0 | i 1.6 | |||||||||||||||||||||||||||||||||||||||
| Depreciation, amortization and accretion | i 80.2 | i 86.9 | i 242.7 | i 242.3 | i 80.1 | i 86.8 | i 242.5 | i 248.0 | |||||||||||||||||||||||||||||||||||||||
| EBITDA | $ | i 149.4 | $ | i 92.9 | $ | i 617.3 | $ | i 386.4 | $ | i 158.6 | $ | i 22.8 | $ | i 629.2 | $ | i 266.0 | |||||||||||||||||||||||||||||||
| Three Months Ended September 30, 2023 | |||||||||||||||||||||||||||||
| Gathering and Processing North | Gathering and Processing South | Storage and Logistics | Corporate | Total | |||||||||||||||||||||||||
| Crestwood Midstream | |||||||||||||||||||||||||||||
Revenues | $ | i 262.8 | $ | i 123.0 | $ | i 753.6 | $ | i — | $ | i 1,139.4 | |||||||||||||||||||
| Intersegment revenues, net | i 70.9 | i 52.5 | ( i 123.4) | i — | — | ||||||||||||||||||||||||
Costs
of product/services sold | i 158.4 | i 121.1 | i 622.1 | i — | i 901.6 | ||||||||||||||||||||||||
Operations
and maintenance expense | i 29.9 | i 14.9 | i 12.1 | i — | i 56.9 | ||||||||||||||||||||||||
General
and administrative expense | i — | i — | i — | i 20.8 | i 20.8 | ||||||||||||||||||||||||
Loss
on long-lived assets, net | i — | i — | ( i 2.6) | i — | ( i 2.6) | ||||||||||||||||||||||||
Earnings
from unconsolidated affiliates, net | i — | i 1.1 | i — | i — | i 1.1 | ||||||||||||||||||||||||
| Crestwood Midstream EBITDA | $ | i 145.4 | $ | i 40.6 | $ | ( i 6.6) | $ | ( i 20.8) | $ | i 158.6 | |||||||||||||||||||
| Crestwood Equity | |||||||||||||||||||||||||||||
| General and administrative expense | i — | i — | i — | i 9.4 | i 9.4 | ||||||||||||||||||||||||
| Other income, net | i — | i — | i — | i 0.2 | i 0.2 | ||||||||||||||||||||||||
| Crestwood Equity EBITDA | $ | i 145.4 | $ | i 40.6 | $ | ( i 6.6) | $ | ( i 30.0) | $ | i 149.4 | |||||||||||||||||||
| Three Months Ended September 30, 2022 | |||||||||||||||||||||||||||||
| Gathering and Processing North | Gathering and Processing South | Storage and Logistics | Corporate | Total | |||||||||||||||||||||||||
| Crestwood Midstream | |||||||||||||||||||||||||||||
| Revenues | $ | i 272.6 | $ | i 177.4 | $ | i 1,116.0 | $ | i — | $ | i 1,566.0 | |||||||||||||||||||
| Intersegment revenues, net | i 142.2 | i 137.8 | ( i 280.0) | i — | — | ||||||||||||||||||||||||
| Costs of product/services sold | i 230.2 | i 249.6 | i 807.0 | i — | i 1,286.8 | ||||||||||||||||||||||||
| Operations and maintenance expense | i 27.4 | i 14.3 | i 13.3 | i — | i 55.0 | ||||||||||||||||||||||||
| General and administrative expense | i — | i — | i — | i 32.3 | i 32.3 | ||||||||||||||||||||||||
| Loss on long-lived assets, net | i — | ( i 247.6) | i — | i — | ( i 247.6) | ||||||||||||||||||||||||
| Gain on acquisition | i — | i 75.3 | i — | i — | i 75.3 | ||||||||||||||||||||||||
| Earnings from unconsolidated affiliates, net | i — | i 2.0 | i 1.2 | i — | i 3.2 | ||||||||||||||||||||||||
| Crestwood Midstream EBITDA | $ | i 157.2 | $ | ( i 119.0) | $ | i 16.9 | $ | ( i 32.3) | $ | i 22.8 | |||||||||||||||||||
| Crestwood Equity | |||||||||||||||||||||||||||||
| General and administrative expense | i — | i — | i — | i 1.6 | i 1.6 | ||||||||||||||||||||||||
Gain
on long-lived assets(1) | i — | i 71.7 | i — | i — | i 71.7 | ||||||||||||||||||||||||
| Crestwood Equity EBITDA | $ | i 157.2 | $ | ( i 47.3) | $ | i 16.9 | $ | ( i 33.9) | $ | i 92.9 | |||||||||||||||||||
| Nine Months Ended September 30, 2023 | |||||||||||||||||||||||||||||
| Gathering and Processing North | Gathering and Processing South | Storage and Logistics | Corporate | Total | |||||||||||||||||||||||||
| Crestwood Midstream | |||||||||||||||||||||||||||||
Revenues | $ | i 717.1 | $ | i 373.3 | $ | i 2,333.3 | $ | i — | $ | i 3,423.7 | |||||||||||||||||||
| Intersegment revenues, net | i 231.0 | i 119.2 | ( i 350.2) | i — | — | ||||||||||||||||||||||||
Costs
of product/services sold | i 447.7 | i 329.8 | i 1,906.1 | i — | i 2,683.6 | ||||||||||||||||||||||||
Operations
and maintenance expense | i 85.6 | i 45.2 | i 35.9 | i — | i 166.7 | ||||||||||||||||||||||||
General
and administrative expense | i — | i — | i — | i 74.6 | i 74.6 | ||||||||||||||||||||||||
| Gain (loss) on long-lived assets, net | i 0.1 | ( i 2.7) | ( i 2.6) | i 0.4 | ( i 4.8) | ||||||||||||||||||||||||
Earnings
from unconsolidated affiliates, net(1) | i — | i 2.0 | i 133.2 | i — | i 135.2 | ||||||||||||||||||||||||
| Crestwood Midstream EBITDA | $ | i 414.9 | $ | i 116.8 | $ | i 171.7 | $ | ( i 74.2) | $ | i 629.2 | |||||||||||||||||||
| Crestwood Equity | |||||||||||||||||||||||||||||
| General and administrative expense | i — | i — | i — | i 12.2 | i 12.2 | ||||||||||||||||||||||||
| Other income, net | i — | i — | i — | i 0.3 | i 0.3 | ||||||||||||||||||||||||
| Crestwood Equity EBITDA | $ | i 414.9 | $ | i 116.8 | $ | i 171.7 | $ | ( i 86.1) | $ | i 617.3 | |||||||||||||||||||
| Nine Months Ended September 30, 2022 | |||||||||||||||||||||||||||||
| Gathering and Processing North | Gathering and Processing South | Storage and Logistics | Corporate | Total | |||||||||||||||||||||||||
| Crestwood Midstream | |||||||||||||||||||||||||||||
| Revenues | $ | i 787.2 | $ | i 243.4 | $ | i 3,567.2 | $ | i — | $ | i 4,597.8 | |||||||||||||||||||
| Intersegment revenues, net | i 421.2 | i 137.8 | ( i 559.0) | i — | — | ||||||||||||||||||||||||
| Costs of product/services sold | i 686.6 | i 249.6 | i 2,928.2 | i — | i 3,864.4 | ||||||||||||||||||||||||
| Operations and maintenance expense | i 78.6 | i 28.6 | i 36.8 | i — | i 144.0 | ||||||||||||||||||||||||
| General and administrative expense | i — | i — | i — | i 99.0 | i 99.0 | ||||||||||||||||||||||||
| Loss on long-lived assets, net | i — | ( i 307.8) | ( i 4.1) | i — | ( i 311.9) | ||||||||||||||||||||||||
| Gain on acquisition | i — | i 75.3 | i — | i — | i 75.3 | ||||||||||||||||||||||||
| Earnings from unconsolidated affiliates, net | i — | i 9.4 | i 2.8 | i — | i 12.2 | ||||||||||||||||||||||||
| Crestwood Midstream EBITDA | $ | i 443.2 | $ | ( i 120.1) | $ | i 41.9 | $ | ( i 99.0) | $ | i 266.0 | |||||||||||||||||||
| Crestwood Equity | |||||||||||||||||||||||||||||
| General and administrative expense | i — | i — | i — | i 4.8 | i 4.8 | ||||||||||||||||||||||||
Gain
on long-lived assets(1) | i — | i 125.0 | i — | i — | i 125.0 | ||||||||||||||||||||||||
| Other income, net | i — | i — | i — | i 0.2 | i 0.2 | ||||||||||||||||||||||||
| Crestwood Equity EBITDA | $ | i 443.2 | $ | i 4.9 | $ | i 41.9 | $ | ( i 103.6) | $ | i 386.4 | |||||||||||||||||||
| CEQP | CMLP | ||||||||||||||||||||||
| September 30, 2023 | December 31, 2022 | September 30, 2023 | December 31, 2022 | ||||||||||||||||||||
| Total Assets | |||||||||||||||||||||||
| Gathering and Processing North | $ | i 3,921.3 | $ | i 4,003.6 | $ | i 3,921.3 | $ | i 4,003.6 | |||||||||||||||
| Gathering and Processing South | i 1,452.4 | i 1,473.0 | i 1,452.4 | i 1,473.0 | |||||||||||||||||||
| Storage and Logistics | i 946.1 | i 1,057.6 | i 946.1 | i 1,057.6 | |||||||||||||||||||
| Corporate | i 40.0 | i 32.8 | i 34.4 | i 27.2 | |||||||||||||||||||
| Total assets | $ | i 6,359.8 | $ | i 6,567.0 | $ | i 6,354.2 | $ | i 6,561.4 | |||||||||||||||
| September 30, 2023 | December 31, 2022 | |||||||||||||
Contract assets (non-current) | $ | i 6.8 | $ | i 5.4 | ||||||||||
Contract
liabilities (current)(1) | $ | i 20.3 | $ | i 11.7 | ||||||||||
Contract
liabilities (non-current)(1) | $ | i 207.4 | $ | i 212.3 | ||||||||||
| Remainder of 2023 | $ | i 16.5 | |||
| 2024 | i 46.4 | ||||
| 2025 | i 6.5 | ||||
| 2026 | i 4.9 | ||||
| 2027 | i 2.1 | ||||
| Thereafter | i 1.1 | ||||
| Total | $ | i 77.5 | |||
| Three Months Ended September 30, 2023 | |||||||||||||||||||||||||||||
Gathering and Processing North | Gathering and Processing South | Storage and Logistics | Intersegment Elimination | Total | |||||||||||||||||||||||||
Topic 606 revenues | |||||||||||||||||||||||||||||
Gathering | |||||||||||||||||||||||||||||
Natural
gas | $ | i 32.2 | $ | i 4.8 | $ | i — | $ | i — | $ | i 37.0 | |||||||||||||||||||
Crude
oil | i 16.9 | i 1.9 | i — | i — | i 18.8 | ||||||||||||||||||||||||
Water | i 51.0 | i 8.4 | i — | i — | i 59.4 | ||||||||||||||||||||||||
Processing | |||||||||||||||||||||||||||||
Natural
gas | i 20.0 | i 6.9 | i — | i — | i 26.9 | ||||||||||||||||||||||||
Storage | |||||||||||||||||||||||||||||
Crude
oil | i 0.6 | i — | i — | i — | i 0.6 | ||||||||||||||||||||||||
NGLs | i — | i — | i 2.1 | i — | i 2.1 | ||||||||||||||||||||||||
Pipeline | |||||||||||||||||||||||||||||
Crude
oil | i 1.4 | i 0.1 | i 0.6 | i — | i 2.1 | ||||||||||||||||||||||||
NGLs | i — | i 6.8 | i 0.2 | ( i 6.8) | i 0.2 | ||||||||||||||||||||||||
Transportation | |||||||||||||||||||||||||||||
NGLs | i — | i — | i 2.2 | i — | i 2.2 | ||||||||||||||||||||||||
Rail
Loading | |||||||||||||||||||||||||||||
Crude oil | i — | i — | i 0.2 | i — | i 0.2 | ||||||||||||||||||||||||
Product
Sales | |||||||||||||||||||||||||||||
Natural gas | i 27.4 | i 47.5 | i 78.2 | ( i 70.1) | i 83.0 | ||||||||||||||||||||||||
Crude
oil | i 139.4 | i 0.8 | i 352.2 | ( i 15.0) | i 477.4 | ||||||||||||||||||||||||
NGLs | i 42.8 | i 98.8 | i 268.4 | ( i 31.3) | i 378.7 | ||||||||||||||||||||||||
Water | i 1.0 | i — | i — | i — | i 1.0 | ||||||||||||||||||||||||
Other | i 0.5 | i — | i 0.1 | ( i 0.2) | i 0.4 | ||||||||||||||||||||||||
Total
Topic 606 revenues | i 333.2 | i 176.0 | i 704.2 | ( i 123.4) | i 1,090.0 | ||||||||||||||||||||||||
Non-Topic
606 revenues | i 0.5 | ( i 0.5) | i 49.4 | i — | i 49.4 | ||||||||||||||||||||||||
Total
revenues | $ | i 333.7 | $ | i 175.5 | $ | i 753.6 | $ | ( i 123.4) | $ | i 1,139.4 | |||||||||||||||||||
| Three Months Ended September 30, 2022 | |||||||||||||||||||||||||||||
Gathering and Processing North | Gathering
and Processing South | Storage and Logistics | Intersegment Elimination | Total | |||||||||||||||||||||||||
Topic 606 revenues | |||||||||||||||||||||||||||||
Gathering | |||||||||||||||||||||||||||||
Natural
gas | $ | i 33.4 | $ | i 10.1 | $ | i — | $ | i — | $ | i 43.5 | |||||||||||||||||||
Crude
oil | i 14.7 | i 1.7 | i — | i — | i 16.4 | ||||||||||||||||||||||||
Water | i 41.8 | i 7.5 | i — | i — | i 49.3 | ||||||||||||||||||||||||
Processing | |||||||||||||||||||||||||||||
Natural
gas | i 20.7 | i 4.8 | i — | i — | i 25.5 | ||||||||||||||||||||||||
Compression | |||||||||||||||||||||||||||||
Natural
gas | i — | i 4.7 | i — | i — | i 4.7 | ||||||||||||||||||||||||
Storage | |||||||||||||||||||||||||||||
Crude
oil | i 0.6 | i — | i 0.1 | i — | i 0.7 | ||||||||||||||||||||||||
NGLs | i — | i — | i 2.2 | i — | i 2.2 | ||||||||||||||||||||||||
Pipeline | |||||||||||||||||||||||||||||
Crude
oil | i 1.5 | i 0.1 | i 0.6 | i — | i 2.2 | ||||||||||||||||||||||||
NGLs | i — | i 5.2 | i 0.1 | ( i 5.2) | i 0.1 | ||||||||||||||||||||||||
Transportation | |||||||||||||||||||||||||||||
NGLs | i — | i — | i 5.0 | i — | i 5.0 | ||||||||||||||||||||||||
Product
Sales | |||||||||||||||||||||||||||||
Natural gas | i 109.6 | i 144.4 | i 248.4 | ( i 205.6) | i 296.8 | ||||||||||||||||||||||||
Crude
oil | i 120.9 | i — | i 362.8 | ( i 9.8) | i 473.9 | ||||||||||||||||||||||||
NGLs | i 68.3 | i 136.2 | i 411.7 | ( i 58.9) | i 557.3 | ||||||||||||||||||||||||
| Water | i 2.1 | i — | i — | i — | i 2.1 | ||||||||||||||||||||||||
Other | i 0.8 | i — | i 0.2 | ( i 0.5) | i 0.5 | ||||||||||||||||||||||||
Total
Topic 606 revenues | i 414.4 | i 314.7 | i 1,031.1 | ( i 280.0) | i 1,480.2 | ||||||||||||||||||||||||
Non-Topic
606 revenues | i 0.4 | i 0.5 | i 84.9 | i — | i 85.8 | ||||||||||||||||||||||||
Total
revenues | $ | i 414.8 | $ | i 315.2 | $ | i 1,116.0 | $ | ( i 280.0) | $ | i 1,566.0 | |||||||||||||||||||
| Nine Months Ended September 30, 2023 | |||||||||||||||||||||||||||||
Gathering and Processing North | Gathering
and Processing South | Storage and Logistics | Intersegment Elimination | Total | |||||||||||||||||||||||||
Topic 606 revenues | |||||||||||||||||||||||||||||
Gathering | |||||||||||||||||||||||||||||
Natural
gas | $ | i 95.5 | $ | i 13.6 | $ | i — | $ | i — | $ | i 109.1 | |||||||||||||||||||
Crude
oil | i 46.3 | i 6.0 | i — | i — | i 52.3 | ||||||||||||||||||||||||
Water | i 139.9 | i 25.2 | i — | i — | i 165.1 | ||||||||||||||||||||||||
Processing | |||||||||||||||||||||||||||||
Natural
gas | i 56.6 | i 19.6 | i — | i — | i 76.2 | ||||||||||||||||||||||||
Storage | |||||||||||||||||||||||||||||
Crude
oil | i 1.7 | i — | i 0.1 | ( i 0.2) | i 1.6 | ||||||||||||||||||||||||
NGLs | i — | i — | i 6.4 | i — | i 6.4 | ||||||||||||||||||||||||
Pipeline | |||||||||||||||||||||||||||||
Crude
oil | i 3.7 | i 0.4 | i 1.5 | i — | i 5.6 | ||||||||||||||||||||||||
NGLs | i — | i 17.7 | i 0.3 | ( i 17.7) | i 0.3 | ||||||||||||||||||||||||
Transportation | |||||||||||||||||||||||||||||
NGLs | i — | i — | i 12.4 | i — | i 12.4 | ||||||||||||||||||||||||
Rail
Loading | |||||||||||||||||||||||||||||
Crude oil | i — | i — | i 0.6 | i — | i 0.6 | ||||||||||||||||||||||||
Product
Sales | |||||||||||||||||||||||||||||
Natural gas | i 95.1 | i 113.6 | i 211.9 | ( i 182.9) | i 237.7 | ||||||||||||||||||||||||
Crude
oil | i 377.2 | i 1.1 | i 954.4 | ( i 57.7) | i 1,275.0 | ||||||||||||||||||||||||
NGLs | i 126.5 | i 296.9 | i 907.8 | ( i 91.3) | i 1,239.9 | ||||||||||||||||||||||||
Water | i 2.9 | i — | i — | i — | i 2.9 | ||||||||||||||||||||||||
Other | i 1.1 | i — | i 1.0 | ( i 0.4) | i 1.7 | ||||||||||||||||||||||||
Total
Topic 606 revenues | i 946.5 | i 494.1 | i 2,096.4 | ( i 350.2) | i 3,186.8 | ||||||||||||||||||||||||
Non-Topic
606 revenues | i 1.6 | ( i 1.6) | i 236.9 | i — | i 236.9 | ||||||||||||||||||||||||
Total
revenues | $ | i 948.1 | $ | i 492.5 | $ | i 2,333.3 | $ | ( i 350.2) | $ | i 3,423.7 | |||||||||||||||||||
| Nine Months Ended September 30, 2022 | |||||||||||||||||||||||||||||
Gathering and Processing North | Gathering
and Processing South | Storage and Logistics | Intersegment Elimination | Total | |||||||||||||||||||||||||
Topic 606 revenues | |||||||||||||||||||||||||||||
Gathering | |||||||||||||||||||||||||||||
Natural
gas | $ | i 92.2 | $ | i 57.0 | $ | i — | $ | i — | $ | i 149.2 | |||||||||||||||||||
Crude
oil | i 43.6 | i 4.6 | i — | i — | i 48.2 | ||||||||||||||||||||||||
Water | i 117.7 | i 13.0 | i — | i — | i 130.7 | ||||||||||||||||||||||||
Processing | |||||||||||||||||||||||||||||
Natural
gas | i 54.8 | i 7.1 | i — | i — | i 61.9 | ||||||||||||||||||||||||
Compression | |||||||||||||||||||||||||||||
Natural
gas | i — | i 11.3 | i — | i — | i 11.3 | ||||||||||||||||||||||||
Storage | |||||||||||||||||||||||||||||
Crude
oil | i 1.7 | i — | i 0.4 | ( i 0.2) | i 1.9 | ||||||||||||||||||||||||
NGLs | i — | i — | i 6.9 | i — | i 6.9 | ||||||||||||||||||||||||
Pipeline | |||||||||||||||||||||||||||||
Crude
oil | i 4.2 | i 0.5 | i 1.5 | ( i 0.1) | i 6.1 | ||||||||||||||||||||||||
NGLs | i — | i 5.2 | i 0.2 | ( i 5.2) | i 0.2 | ||||||||||||||||||||||||
Transportation | |||||||||||||||||||||||||||||
NGLs | i — | i — | i 16.3 | i — | i 16.3 | ||||||||||||||||||||||||
Rail
Loading | |||||||||||||||||||||||||||||
Crude oil | i — | i — | i 0.4 | i — | i 0.4 | ||||||||||||||||||||||||
Product
Sales | |||||||||||||||||||||||||||||
Natural gas | i 269.1 | i 145.3 | i 508.0 | ( i 331.2) | i 591.2 | ||||||||||||||||||||||||
Crude
oil | i 394.9 | i — | i 1,130.3 | ( i 33.9) | i 1,491.3 | ||||||||||||||||||||||||
NGLs | i 222.7 | i 136.2 | i 1,505.6 | ( i 187.9) | i 1,676.6 | ||||||||||||||||||||||||
| Water | i 5.0 | i — | i — | i — | i 5.0 | ||||||||||||||||||||||||
Other | i 1.4 | i — | i 0.5 | ( i 0.5) | i 1.4 | ||||||||||||||||||||||||
Total
Topic 606 revenues | i 1,207.3 | i 380.2 | i 3,170.1 | ( i 559.0) | i 4,198.6 | ||||||||||||||||||||||||
Non-Topic
606 revenues | i 1.1 | i 1.0 | i 397.1 | i — | i 399.2 | ||||||||||||||||||||||||
Total
revenues | $ | i 1,208.4 | $ | i 381.2 | $ | i 3,567.2 | $ | ( i 559.0) | $ | i 4,597.8 | |||||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
| September 30, | September 30, | ||||||||||||||||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
Revenues at CEQP and CMLP(1) | $ | i — | $ | i 140.8 | $ | i — | $ | i 372.7 | |||||||||||||||
Costs
of product/services sold at CEQP and CMLP(2) | $ | i — | $ | i 51.3 | $ | i 0.5 | $ | i 232.9 | |||||||||||||||
Operations
and maintenance expenses at CEQP and CMLP(3) | $ | i 1.0 | $ | i 2.6 | $ | i 4.6 | $ | i 12.4 | |||||||||||||||
General
and administrative expenses charged by CEQP to CMLP, net(4) | $ | i 5.4 | $ | i 8.5 | $ | i 22.4 | $ | i 23.5 | |||||||||||||||
General
and administrative expenses at CEQP and CMLP(5) | $ | i — | $ | i — | $ | i — | $ | i 1.3 | |||||||||||||||
| September
30, 2023 | December 31, 2022 | ||||||||||
| Accounts receivable at CEQP and CMLP | $ | i 0.4 | $ | i 1.6 | |||||||
| Accounts payable at CEQP and CMLP | $ | i 0.1 | $ | i 3.0 | |||||||
| Crestwood Equity | Crestwood Midstream | ||||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
| September 30, | September 30, | September 30, | September 30, | ||||||||||||||||||||||||||||||||||||||||||||
| 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||||||||||||||||||||||
| Revenues | $ | 1,139.4 | $ | 1,566.0 | $ | 3,423.7 | $ | 4,597.8 | $ | 1,139.4 | $ | 1,566.0 | $ | 3,423.7 | $ | 4,597.8 | |||||||||||||||||||||||||||||||
| Costs of product/services sold | 901.6 | 1,286.8 | 2,683.6 | 3,864.4 | 901.6 | 1,286.8 | 2,683.6 | 3,864.4 | |||||||||||||||||||||||||||||||||||||||
| Operations and maintenance expense | 56.9 | 55.0 | 166.7 | 144.0 | 56.9 | 55.0 | 166.7 | 144.0 | |||||||||||||||||||||||||||||||||||||||
| General and administrative expense | 30.2 | 33.9 | 86.8 | 103.8 | 20.8 | 32.3 | 74.6 | 99.0 | |||||||||||||||||||||||||||||||||||||||
| Depreciation, amortization and accretion | 80.2 | 86.9 | 242.7 | 242.3 | 80.1 | 86.8 | 242.5 | 248.0 | |||||||||||||||||||||||||||||||||||||||
| Loss on long-lived assets, net | 2.6 | 175.9 | 4.8 | 186.9 | 2.6 | 247.6 | 4.8 | 311.9 | |||||||||||||||||||||||||||||||||||||||
| Gain on acquisition | — | (75.3) | — | (75.3) | — | (75.3) | — | (75.3) | |||||||||||||||||||||||||||||||||||||||
| Operating income (loss) | 67.9 | 2.8 | 239.1 | 131.7 | 77.4 | (67.2) | 251.5 | 5.8 | |||||||||||||||||||||||||||||||||||||||
| Earnings from unconsolidated affiliates, net | 1.1 | 3.2 | 135.2 | 12.2 | 1.1 | 3.2 | 135.2 | 12.2 | |||||||||||||||||||||||||||||||||||||||
| Interest and debt expense, net | (56.9) | (47.6) | (167.9) | (123.8) | (56.9) | (47.6) | (167.9) | (123.8) | |||||||||||||||||||||||||||||||||||||||
Other
income, net | 0.2 | — | 0.3 | 0.2 | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
| Provision for income taxes | (0.2) | (1.4) | (1.1) | (1.7) | (0.2) | (1.4) | (1.0) | (1.6) | |||||||||||||||||||||||||||||||||||||||
| Net income (loss) | 12.1 | (43.0) | 205.6 | 18.6 | 21.4 | (113.0) | 217.8 | (107.4) | |||||||||||||||||||||||||||||||||||||||
| Add: | |||||||||||||||||||||||||||||||||||||||||||||||
| Interest and debt expense, net | 56.9 | 47.6 | 167.9 | 123.8 | 56.9 | 47.6 | 167.9 | 123.8 | |||||||||||||||||||||||||||||||||||||||
| Provision for income taxes | 0.2 | 1.4 | 1.1 | 1.7 | 0.2 | 1.4 | 1.0 | 1.6 | |||||||||||||||||||||||||||||||||||||||
| Depreciation, amortization and accretion | 80.2 | 86.9 | 242.7 | 242.3 | 80.1 | 86.8 | 242.5 | 248.0 | |||||||||||||||||||||||||||||||||||||||
| EBITDA | $ | 149.4 | $ | 92.9 | $ | 617.3 | $ | 386.4 | $ | 158.6 | $ | 22.8 | $ | 629.2 | $ | 266.0 | |||||||||||||||||||||||||||||||
| Unit-based compensation | 6.5 | 9.6 | 25.7 | 26.8 | 6.5 | 9.6 | 25.7 | 26.8 | |||||||||||||||||||||||||||||||||||||||
| Loss on long-lived assets, net | 2.6 | 175.9 | 4.8 | 186.9 | 2.6 | 247.6 | 4.8 | 311.9 | |||||||||||||||||||||||||||||||||||||||
| Gain on acquisition | — | (75.3) | — | (75.3) | — | (75.3) | — | (75.3) | |||||||||||||||||||||||||||||||||||||||
| Earnings from unconsolidated affiliates, net | (1.1) | (3.2) | (135.2) | (12.2) | (1.1) | (3.2) | (135.2) | (12.2) | |||||||||||||||||||||||||||||||||||||||
| Adjusted EBITDA from unconsolidated affiliates, net | 2.4 | 5.7 | 8.6 | 24.2 | 2.4 | 5.7 | 8.6 | 24.2 | |||||||||||||||||||||||||||||||||||||||
| Change in fair value of commodity inventory-related derivative contracts | 27.3 | (5.4) | 26.8 | (4.6) | 27.3 | (5.4) | 26.8 | (4.6) | |||||||||||||||||||||||||||||||||||||||
| Significant transaction and environmental related costs and other items | 9.6 | 9.1 | 17.2 | 29.6 | 1.4 | 9.1 | 9.0 | 29.6 | |||||||||||||||||||||||||||||||||||||||
| Adjusted EBITDA | $ | 196.7 | $ | 209.3 | $ | 565.2 | $ | 561.8 | $ | 197.7 | $ | 210.9 | $ | 568.9 | $ | 566.4 | |||||||||||||||||||||||||||||||
| Crestwood Equity | Crestwood Midstream | ||||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
| September 30, | September 30, | September 30, | September 30, | ||||||||||||||||||||||||||||||||||||||||||||
| 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||||||||||||||||||||||
| Net cash provided by operating activities | $ | 111.4 | $ | 25.3 | $ | 378.5 | $ | 277.3 | $ | 120.9 | $ | 26.9 | $ | 391.5 | $ | 282.1 | |||||||||||||||||||||||||||||||
Net
changes in operating assets and liabilities | (9.1) | 129.9 | (30.5) | 123.9 | (9.2) | 129.8 | (31.2) | 123.9 | |||||||||||||||||||||||||||||||||||||||
| Amortization of debt-related deferred costs and fair value adjustment | (0.9) | (0.5) | (2.5) | (1.7) | (0.9) | (0.5) | (2.5) | (1.7) | |||||||||||||||||||||||||||||||||||||||
| Interest and debt expense, net | 56.9 | 47.6 | 167.9 | 123.8 | 56.9 | 47.6 | 167.9 | 123.8 | |||||||||||||||||||||||||||||||||||||||
| Unit-based compensation | (6.5) | (9.6) | (25.7) | (26.8) | (6.5) | (9.6) | (25.7) | (26.8) | |||||||||||||||||||||||||||||||||||||||
| Loss on long-lived assets, net | (2.6) | (175.9) | (4.8) | (186.9) | (2.6) | (247.6) | (4.8) | (311.9) | |||||||||||||||||||||||||||||||||||||||
| Gain on acquisition | — | 75.3 | — | 75.3 | — | 75.3 | — | 75.3 | |||||||||||||||||||||||||||||||||||||||
| Earnings from unconsolidated affiliates, net, adjusted for cash distributions received | 0.1 | 0.7 | 133.3 | 0.9 | 0.1 | 0.7 | 133.3 | 0.9 | |||||||||||||||||||||||||||||||||||||||
| Deferred income taxes | 0.1 | (1.2) | 0.1 | (1.1) | (0.1) | (1.1) | (0.2) | (1.2) | |||||||||||||||||||||||||||||||||||||||
| Provision for income taxes | 0.2 | 1.4 | 1.1 | 1.7 | 0.2 | 1.4 | 1.0 | 1.6 | |||||||||||||||||||||||||||||||||||||||
| Other non-cash expense | (0.2) | (0.1) | (0.1) | — | (0.2) | (0.1) | (0.1) | — | |||||||||||||||||||||||||||||||||||||||
EBITDA | $ | 149.4 | $ | 92.9 | $ | 617.3 | $ | 386.4 | $ | 158.6 | $ | 22.8 | $ | 629.2 | $ | 266.0 | |||||||||||||||||||||||||||||||
| Unit-based compensation | 6.5 | 9.6 | 25.7 | 26.8 | 6.5 | 9.6 | 25.7 | 26.8 | |||||||||||||||||||||||||||||||||||||||
| Loss on long-lived assets, net | 2.6 | 175.9 | 4.8 | 186.9 | 2.6 | 247.6 | 4.8 | 311.9 | |||||||||||||||||||||||||||||||||||||||
| Gain on acquisition | — | (75.3) | — | (75.3) | — | (75.3) | — | (75.3) | |||||||||||||||||||||||||||||||||||||||
| Earnings from unconsolidated affiliates, net | (1.1) | (3.2) | (135.2) | (12.2) | (1.1) | (3.2) | (135.2) | (12.2) | |||||||||||||||||||||||||||||||||||||||
Adjusted EBITDA from
unconsolidated affiliates, net | 2.4 | 5.7 | 8.6 | 24.2 | 2.4 | 5.7 | 8.6 | 24.2 | |||||||||||||||||||||||||||||||||||||||
Change in fair value of commodity
inventory-related derivative contracts | 27.3 | (5.4) | 26.8 | (4.6) | 27.3 | (5.4) | 26.8 | (4.6) | |||||||||||||||||||||||||||||||||||||||
Significant transaction
and environmental related costs and other items | 9.6 | 9.1 | 17.2 | 29.6 | 1.4 | 9.1 | 9.0 | 29.6 | |||||||||||||||||||||||||||||||||||||||
Adjusted EBITDA | $ | 196.7 | $ | 209.3 | $ | 565.2 | $ | 561.8 | $ | 197.7 | $ | 210.9 | $ | 568.9 | $ | 566.4 | |||||||||||||||||||||||||||||||
| Three Months Ended | Three Months Ended | ||||||||||||||||||||||||||||||||||
| September 30, 2023 | September 30, 2022 | ||||||||||||||||||||||||||||||||||
| Gathering and Processing North | Gathering and Processing South | Storage and Logistics | Gathering and Processing North | Gathering and Processing South | Storage and Logistics | ||||||||||||||||||||||||||||||
| Revenues | $ | 262.8 | $ | 123.0 | $ | 753.6 | $ | 272.6 | $ | 177.4 | $ | 1,116.0 | |||||||||||||||||||||||
Intersegment
revenues | 70.9 | 52.5 | (123.4) | 142.2 | 137.8 | (280.0) | |||||||||||||||||||||||||||||
Costs of product/services sold | 158.4 | 121.1 | 622.1 | 230.2 | 249.6 | 807.0 | |||||||||||||||||||||||||||||
Operations
and maintenance expenses | 29.9 | 14.9 | 12.1 | 27.4 | 14.3 | 13.3 | |||||||||||||||||||||||||||||
Loss on long-lived assets, net | — | — | (2.6) | — | (247.6) | — | |||||||||||||||||||||||||||||
| Gain on acquisition | — | — | — | — | 75.3 | — | |||||||||||||||||||||||||||||
| Earnings from unconsolidated affiliates, net | — | 1.1 | — | — | 2.0 | 1.2 | |||||||||||||||||||||||||||||
| Crestwood Midstream EBITDA | $ | 145.4 | $ | 40.6 | $ | (6.6) | $ | 157.2 | $ | (119.0) | $ | 16.9 | |||||||||||||||||||||||
Gain
on long-lived assets | — | — | — | — | 71.7 | — | |||||||||||||||||||||||||||||
| Crestwood Equity EBITDA | $ | 145.4 | $ | 40.6 | $ | (6.6) | $ | 157.2 | $ | (47.3) | $ | 16.9 | |||||||||||||||||||||||
| Nine Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||||||
| September 30, 2023 | September 30, 2022 | ||||||||||||||||||||||||||||||||||
| Gathering and Processing North | Gathering and Processing South | Storage and Logistics | Gathering and Processing North | Gathering and Processing South | Storage and Logistics | ||||||||||||||||||||||||||||||
| Revenues | $ | 717.1 | $ | 373.3 | $ | 2,333.3 | $ | 787.2 | $ | 243.4 | $ | 3,567.2 | |||||||||||||||||||||||
Intersegment
revenues | 231.0 | 119.2 | (350.2) | 421.2 | 137.8 | (559.0) | |||||||||||||||||||||||||||||
Costs of product/services sold | 447.7 | 329.8 | 1,906.1 | 686.6 | 249.6 | 2,928.2 | |||||||||||||||||||||||||||||
Operations
and maintenance expenses | 85.6 | 45.2 | 35.9 | 78.6 | 28.6 | 36.8 | |||||||||||||||||||||||||||||
| Gain (loss) on long-lived assets, net | 0.1 | (2.7) | (2.6) | — | (307.8) | (4.1) | |||||||||||||||||||||||||||||
| Gain on acquisition | — | — | — | — | 75.3 | — | |||||||||||||||||||||||||||||
| Earnings from unconsolidated affiliates, net | — | 2.0 | 133.2 | — | 9.4 | 2.8 | |||||||||||||||||||||||||||||
| Crestwood Midstream EBITDA | $ | 414.9 | $ | 116.8 | $ | 171.7 | $ | 443.2 | $ | (120.1) | $ | 41.9 | |||||||||||||||||||||||
Gain
on long-lived assets(1) | — | — | — | — | 125.0 | — | |||||||||||||||||||||||||||||
| Crestwood Equity EBITDA | $ | 414.9 | $ | 116.8 | $ | 171.7 | $ | 443.2 | $ | 4.9 | $ | 41.9 | |||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
| September 30, | September 30, | ||||||||||||||||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
| Credit facilities | $ | 10.2 | $ | 12.8 | $ | 30.6 | $ | 21.5 | |||||||||||||||
| Senior notes | 46.1 | 35.2 | 136.4 | 102.4 | |||||||||||||||||||
| Other, net | 0.8 | 0.5 | 2.9 | 1.8 | |||||||||||||||||||
Gross interest
and debt expense | 57.1 | 48.5 | 169.9 | 125.7 | |||||||||||||||||||
| Less: capitalized interest | 0.2 | 0.9 | 2.0 | 1.9 | |||||||||||||||||||
Interest
and debt expense, net | $ | 56.9 | $ | 47.6 | $ | 167.9 | $ | 123.8 | |||||||||||||||
| Nine Months Ended | |||||||||||
| September 30, | |||||||||||
| 2023 | 2022 | ||||||||||
| Net cash provided by operating activities | $ | 378.5 | $ | 277.3 | |||||||
| Net cash provided by (used in) investing activities | $ | 21.4 | $ | (517.2) | |||||||
Net
cash provided by (used in) financing activities | $ | (383.6) | $ | 233.0 | |||||||
Growth
capital(1) | $ | 130.9 | |||
| Maintenance capital | 21.9 | ||||
Other(2) | 11.2 | ||||
| Purchases of property, plant and equipment | $ | 164.0 | |||
| September 30, 2023 | December 31, 2022 | ||||||||||
| Current assets | $ | 580.7 | $ | 588.4 | |||||||
| Current assets - affiliates | $ | 1.3 | $ | 1.3 | |||||||
| Property, plant and equipment, net | $ | 3,779.2 | $ | 3,295.8 | |||||||
| Non-current assets | $ | 981.7 | $ | 1,012.9 | |||||||
| Current liabilities | $ | 445.8 | $ | 466.1 | |||||||
| Current liabilities - affiliates | $ | 2.8 | $ | 41.5 | |||||||
| Long-term debt, less current portion | $ | 3,302.5 | $ | 3,171.5 | |||||||
| Non-current liabilities | $ | 197.0 | $ | 147.6 | |||||||
| Nine Months Ended September 30, 2023 | |||||
| Revenues | $ | 3,370.5 | |||
| Revenues - affiliates | $ | 0.8 | |||
| Cost of products/services sold | $ | 2,670.5 | |||
| Cost of products/services sold - affiliates | $ | 13.8 | |||
Operations and maintenance
expenses(1) | $ | 152.0 | |||
General and administrative expenses(2) | $ | 74.6 | |||
| Operating income | $ | 259.4 | |||
| Net income | $ | 90.3 | |||
| Exhibit Number | Description | |||||||
| 2.1 | ||||||||
| 2.2 | ||||||||
| 2.3 | ||||||||
10.1 | ||||||||
10.2 | ||||||||
10.3 | ||||||||
| *31.1 | ||||||||
| *31.2 | ||||||||
| *31.3 | ||||||||
| *31.4 | ||||||||
| *32.1 | ||||||||
| *32.2 | ||||||||
| *32.3 | ||||||||
| *32.4 | ||||||||
| **101.INS | Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document | |||||||
| **101.SCH | Inline XBRL Taxonomy Extension Schema Document | |||||||
| **101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document | |||||||
| **101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document | |||||||
| **101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document | |||||||
| **101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document | |||||||
| 104 | Cover Page Interactive Data File (contained in Exhibit 101) | |||||||
| * | Filed herewith | ||||
| ** | Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections. | ||||
| CRESTWOOD EQUITY PARTNERS LP | |||||||||||||||||
| By: | CRESTWOOD EQUITY GP LLC | ||||||||||||||||
| (its general partner) | |||||||||||||||||
| Date: | November 2, 2023 | By: | /s/ JOHN BLACK | ||||||||||||||
| John Black | |||||||||||||||||
| Executive Vice President and Chief Financial Officer | |||||||||||||||||
| (Duly Authorized Officer and Principal Financial Officer) | |||||||||||||||||
| CRESTWOOD MIDSTREAM PARTNERS LP | |||||||||||||||||
| By: | CRESTWOOD MIDSTREAM GP LLC | ||||||||||||||||
| (its general partner) | |||||||||||||||||
| Date: | November 2, 2023 | By: | /s/ JOHN BLACK | ||||||||||||||
| John Black | |||||||||||||||||
| Executive Vice President and Chief Financial Officer | |||||||||||||||||
| (Duly Authorized Officer and Principal Financial Officer) | |||||||||||||||||
| This ‘10-Q’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 2/1/31 | ||||
| 12/31/23 | ||||
| 11/3/23 | ||||
| Filed on: | 11/2/23 | |||
| 10/31/23 | 8-K | |||
| 10/27/23 | ||||
| 10/23/23 | 425, DEFA14A | |||
| 10/12/23 | ||||
| For Period end: | 9/30/23 | |||
| 9/29/23 | 8-K, DEFA14A, DEFM14A | |||
| 8/16/23 | 425, 8-K | |||
| 8/14/23 | 144 | |||
| 8/7/23 | 144 | |||
| 8/1/23 | 8-K | |||
| 6/30/23 | 10-Q, 4 | |||
| 5/15/23 | 8-K | |||
| 5/8/23 | ||||
| 4/3/23 | ||||
| 3/31/23 | 10-Q, ARS, DEF 14A, DEFA14A | |||
| 2/27/23 | 10-K | |||
| 2/20/23 | ||||
| 2/14/23 | 4 | |||
| 2/7/23 | ||||
| 1/13/23 | ||||
| 1/9/23 | ||||
| 12/31/22 | 10-K, ARS | |||
| 10/24/22 | ||||
| 9/30/22 | 10-Q | |||
| 9/15/22 | 3, 4, 8-K | |||
| 8/12/22 | ||||
| 8/5/22 | ||||
| 7/11/22 | 3, 8-K, 8-K/A | |||
| 7/1/22 | 4, 8-K | |||
| 6/30/22 | 10-Q | |||
| 6/17/22 | ||||
| 5/13/22 | ||||
| 5/6/22 | ||||
| 3/31/22 | 10-Q, DEFR14A | |||
| 2/14/22 | 4, S-3ASR | |||
| 2/7/22 | ||||
| 2/1/22 | 3, 4, 8-K | |||
| 12/31/21 | 10-K | |||
| 12/23/19 | ||||
| 8/1/12 | 8-K | |||
| List all Filings | ||||