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As Of Filer Filing For·On·As Docs:Size 7/28/22 Crestwood Equity Partners LP 10-Q 6/30/22 92:14M Crestwood Midstream Partners LP |
Document/Exhibit Description Pages Size
1: 10-Q Quarterly Report HTML 3.37M
2: EX-4.1 Instrument Defining the Rights of Security Holders HTML 46K
3: EX-4.2 Instrument Defining the Rights of Security Holders HTML 43K
4: EX-4.3 Instrument Defining the Rights of Security Holders HTML 63K
5: EX-4.4 Instrument Defining the Rights of Security Holders HTML 63K
6: EX-4.5 Instrument Defining the Rights of Security Holders HTML 63K
7: EX-4.6 Instrument Defining the Rights of Security Holders HTML 64K
8: EX-31.1 Certification -- §302 - SOA'02 HTML 28K
9: EX-31.2 Certification -- §302 - SOA'02 HTML 28K
10: EX-31.3 Certification -- §302 - SOA'02 HTML 28K
11: EX-31.4 Certification -- §302 - SOA'02 HTML 28K
12: EX-32.1 Certification -- §906 - SOA'02 HTML 25K
13: EX-32.2 Certification -- §906 - SOA'02 HTML 25K
14: EX-32.3 Certification -- §906 - SOA'02 HTML 25K
15: EX-32.4 Certification -- §906 - SOA'02 HTML 25K
21: R1 Cover Page HTML 90K
22: R2 Consolidated Balance Sheets HTML 156K
23: R3 Consolidated Balance Sheets (Parenthetical) HTML 34K
24: R4 Consolidated Statements of Operations HTML 166K
25: R5 Consolidated Statement of Partners' Capital HTML 115K
26: R6 Consolidated Statements of Cash Flows HTML 157K
27: R7 Organization and Business Description HTML 30K
28: R8 Basis of Presentation and Summary of Significant HTML 27K
Accounting Policies
29: R9 Acquisitions and Divestitures HTML 62K
30: R10 Certain Balance Sheet Information HTML 55K
31: R11 Investments in Unconsolidated Affiliates HTML 71K
32: R12 Risk Management HTML 54K
33: R13 Fair Value Measurements HTML 106K
34: R14 Long-Term Debt HTML 45K
35: R15 Commitments and Contingencies HTML 41K
36: R16 Leases HTML 68K
37: R17 Partners' Capital HTML 54K
38: R18 Earnings Per Limited Partner Unit HTML 65K
39: R19 Segments HTML 217K
40: R20 Revenues HTML 273K
41: R21 Related Party Transactions HTML 54K
42: R22 Subsequent Events HTML 29K
43: R23 Basis of Presentation and Summary of Significant HTML 26K
Accounting Policies (Policies)
44: R24 Acquisitions and Divestitures (Tables) HTML 56K
45: R25 Certain Balance Sheet Information (Tables) HTML 56K
46: R26 Investments in Unconsolidated Affiliates (Tables) HTML 71K
47: R27 Risk Management (Tables) HTML 54K
48: R28 Fair Value Measurements (Tables) HTML 102K
49: R29 Long-Term Debt (Tables) HTML 42K
50: R30 Commitments and Contingencies (Tables) HTML 33K
51: R31 Leases (Tables) HTML 44K
52: R32 Partners' Capital (Tables) HTML 49K
53: R33 Earnings Per Limited Partner Unit (Tables) HTML 66K
54: R34 Segments (Tables) HTML 213K
55: R35 Revenue Recognition (Tables) HTML 272K
56: R36 Related Party Transactions (Tables) HTML 54K
57: R37 Organization and Business Description (Details) HTML 30K
58: R38 Acquisitions and Divestitures (Details) HTML 165K
59: R39 Certain Balance Sheet Information (Details) HTML 66K
60: R40 Investments in Unconsolidated Affiliates (Net HTML 57K
Investments In and Earnings (Loss) from
Unconsolidated Affiliates) (Details)
61: R41 Investments in Unconsolidated Affiliates HTML 45K
(Distributions and Contributions) (Details)
62: R42 Risk Management (Risk Management Activities) HTML 31K
(Details)
63: R43 Risk Management (Notional Amounts and Terms of HTML 35K
Company's Derivative Financial Instruments)
(Details)
64: R44 Risk Management (Schedule of Derivative HTML 42K
Instruments in Statement of Financial Position,
Fair Value) (Details)
65: R45 Risk Management (Narrative) (Details) HTML 29K
66: R46 Fair Value Measurements (Assets And Liabilities HTML 66K
Measured At Fair Value On Recurring Basis)
(Details)
67: R47 Fair Value Measurements (Schedule of Carrying HTML 39K
Values and Estimated Fair Values of Senior Notes)
(Details)
68: R48 Long-Term Debt (Components Of Long-Term Debt) HTML 58K
(Details)
69: R49 Long-Term Debt (Narrative) (Details) HTML 117K
70: R50 Commitments and Contingencies (Details) HTML 39K
71: R51 Commitments and Contingencies (Environmental HTML 33K
Compliance) (Details)
72: R52 Commitments and Contingencies (Self Insurance) HTML 32K
(Details)
73: R53 Leases (Details) HTML 79K
74: R54 Partners' Capital (Schedule of Partners' Capital HTML 35K
Account, Distributions) (Details)
75: R55 Partners' Capital (Components of Net Income (Loss) HTML 29K
Attributable to Non-Controlling Interests)
(Details)
76: R56 Partners' Capital (Narrative) (Details) HTML 117K
77: R57 Partners' Capital Rollforward of non-controlling HTML 38K
interest (Details)
78: R58 Earnings Per Limited Partner Unit (Details) HTML 65K
79: R59 Segments (Reconciliation of Net Income (Loss) to HTML 58K
EBITDA) (Details)
80: R60 Segments (Summary Of Segment Information) HTML 143K
(Details)
81: R61 Segments (Narrative) (Details) HTML 29K
82: R62 Revenues (Narrative) (Details) HTML 25K
83: R63 Revenues (Contract Assets and Liabilities) HTML 34K
(Details)
84: R64 Revenues (Disaggregation of Revenue) (Details) HTML 202K
85: R65 Revenues (Remaining Performance Obligations) HTML 47K
(Details)
86: R66 Related Party Transactions (Details) HTML 105K
87: R67 Subsequent Events (Details) HTML 54K
90: XML IDEA XML File -- Filing Summary XML 155K
88: XML XBRL Instance -- ceqp-20220630_htm XML 4.81M
89: EXCEL IDEA Workbook of Financial Reports XLSX 183K
17: EX-101.CAL XBRL Calculations -- ceqp-20220630_cal XML 228K
18: EX-101.DEF XBRL Definitions -- ceqp-20220630_def XML 1.15M
19: EX-101.LAB XBRL Labels -- ceqp-20220630_lab XML 1.73M
20: EX-101.PRE XBRL Presentations -- ceqp-20220630_pre XML 1.25M
16: EX-101.SCH XBRL Schema -- ceqp-20220630 XSD 185K
91: JSON XBRL Instance as JSON Data -- MetaLinks 420± 636K
92: ZIP XBRL Zipped Folder -- 0001136352-22-000010-xbrl Zip 631K
| ceqp-20220630 |
| 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 109,248,514 | |||||||
| Crestwood Midstream Partners LP | i None | |||||||
| Page | |||||
| June
30, 2022 | December 31, 2021 | ||||||||||
| (unaudited) | |||||||||||
| Assets | |||||||||||
| Current assets: | |||||||||||
| Cash | $ | i 13.8 | $ | i 13.3 | |||||||
Accounts
receivable, less allowance for doubtful accounts of $ i 0.5 million and $ i 0.6
million at June 30, 2022 and December 31, 2021 | i 419.6 | i 378.0 | |||||||||
| Inventory | i 168.3 | i 156.5 | |||||||||
| Assets from price risk management activities | i 34.2 | i 42.1 | |||||||||
| Assets held for sale, net | i 217.8 | i — | |||||||||
| Prepaid expenses and other current assets | i 12.1 | i 14.8 | |||||||||
| Total current assets | i 865.8 | i 604.7 | |||||||||
| Property, plant and equipment | i 4,712.3 | i 3,771.5 | |||||||||
| Less: accumulated depreciation | i 916.5 | i 992.1 | |||||||||
| Property, plant and equipment, net | i 3,795.8 | i 2,779.4 | |||||||||
| Intangible assets | i 1,590.1 | i 1,126.1 | |||||||||
| Less: accumulated amortization | i 433.5 | i 393.2 | |||||||||
| Intangible assets, net | i 1,156.6 | i 732.9 | |||||||||
| Goodwill | i 194.8 | i 138.6 | |||||||||
| Operating lease right-of-use assets, net | i 18.8 | i 27.4 | |||||||||
| Investments in unconsolidated affiliates | i 164.8 | i 155.8 | |||||||||
| Other non-current assets | i 6.2 | i 6.9 | |||||||||
| Total assets | $ | i 6,202.8 | $ | i 4,445.7 | |||||||
| Liabilities and capital | |||||||||||
| Current liabilities: | |||||||||||
| Accounts payable | $ | i 404.1 | $ | i 336.5 | |||||||
| Accrued expenses and other liabilities | i 158.6 | i 147.1 | |||||||||
| Liabilities from price risk management activities | i 82.3 | i 114.6 | |||||||||
| Current portion of long-term debt | i 0.2 | i 0.2 | |||||||||
| Total current liabilities | i 645.2 | i 598.4 | |||||||||
| Long-term debt, less current portion | i 2,929.3 | i 2,052.1 | |||||||||
| Other long-term liabilities | i 268.0 | i 258.7 | |||||||||
| Deferred income taxes | i 2.5 | i 2.3 | |||||||||
| Total liabilities | i 3,845.0 | i 2,911.5 | |||||||||
Commitments
and contingencies (Note 9) | i | i | |||||||||
| Interest of non-controlling partner in subsidiary | i 434.4 | i 434.6 | |||||||||
Crestwood
Equity Partners LP partners’ capital ( i i 97,969,654 /
and i i 62,991,511 /
common units issued and outstanding at June 30, 2022 and December 31, 2021) | i 1,311.4 | i 487.6 | |||||||||
Preferred
units ( i i i i 71,257,445 / / /
units issued and outstanding at both June 30, 2022 and December 31, 2021) | i 612.0 | i 612.0 | |||||||||
| Total partners’ capital | i 1,923.4 | i 1,099.6 | |||||||||
| Total liabilities and capital | $ | i 6,202.8 | $ | i 4,445.7 | |||||||
CRESTWOOD
EQUITY PARTNERS LP CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per unit data) (unaudited) | ||||||||||||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||||||||||||
| June 30, | June 30, | |||||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||
| Revenues: | ||||||||||||||||||||||||||
| Product revenues | $ | i 1,215.0 | $ | i 820.7 | $ | i 2,605.5 | $ | i 1,751.3 | ||||||||||||||||||
Product
revenues - related party (Note 15) | i 78.9 | i 12.8 | i 139.5 | i 17.7 | ||||||||||||||||||||||
| Service revenues | i 98.8 | i 95.7 | i 194.4 | i 192.9 | ||||||||||||||||||||||
Service
revenues - related party (Note 15) | i 55.3 | i 0.4 | i 92.4 | i 0.4 | ||||||||||||||||||||||
| Total revenues | i 1,448.0 | i 929.6 | i 3,031.8 | i 1,962.3 | ||||||||||||||||||||||
Costs
of product/services sold (exclusive of items shown separately below): | ||||||||||||||||||||||||||
Product costs | i 1,094.0 | i 768.0 | i 2,384.8 | i 1,535.6 | ||||||||||||||||||||||
Product
costs - related party (Note 15) | i 113.1 | i 25.4 | i 181.6 | i 66.5 | ||||||||||||||||||||||
| Service costs | i 6.1 | i 3.8 | i 11.2 | i 8.9 | ||||||||||||||||||||||
| Total costs of products/services sold | i 1,213.2 | i 797.2 | i 2,577.6 | i 1,611.0 | ||||||||||||||||||||||
| Operating expenses and other: | ||||||||||||||||||||||||||
| Operations and maintenance | i 46.6 | i 25.8 | i 89.0 | i 58.6 | ||||||||||||||||||||||
| General and administrative | i 26.5 | i 22.8 | i 69.9 | i 41.5 | ||||||||||||||||||||||
| Depreciation, amortization and accretion | i 80.6 | i 58.8 | i 155.4 | i 118.0 | ||||||||||||||||||||||
| (Gain) loss on long-lived assets, net | i 7.2 | ( i 0.3) | i 11.0 | i 1.1 | ||||||||||||||||||||||
| i 160.9 | i 107.1 | i 325.3 | i 219.2 | |||||||||||||||||||||||
| Operating income | i 73.9 | i 25.3 | i 128.9 | i 132.1 | ||||||||||||||||||||||
| Earnings (loss) from unconsolidated affiliates, net | i 6.0 | ( i 27.1) | i 9.0 | ( i 130.8) | ||||||||||||||||||||||
| Interest and debt expense, net | ( i 40.1) | ( i 35.1) | ( i 76.2) | ( i 71.1) | ||||||||||||||||||||||
| Loss on modification/extinguishment of debt | i — | ( i 1.2) | i — | ( i 6.7) | ||||||||||||||||||||||
| Other income (expense), net | ( i 0.1) | i 0.1 | i 0.2 | i 0.1 | ||||||||||||||||||||||
| Income (loss) before income taxes | i 39.7 | ( i 38.0) | i 61.9 | ( i 76.4) | ||||||||||||||||||||||
| Provision for income taxes | ( i 0.3) | ( i 0.1) | ( i 0.3) | i — | ||||||||||||||||||||||
| Net income (loss) | i 39.4 | ( i 38.1) | i 61.6 | ( i 76.4) | ||||||||||||||||||||||
| Net income attributable to non-controlling partner | i 10.3 | i 10.3 | i 20.5 | i 20.4 | ||||||||||||||||||||||
| Net income (loss) attributable to Crestwood Equity Partners LP | i 29.1 | ( i 48.4) | i 41.1 | ( i 96.8) | ||||||||||||||||||||||
Net
income attributable to preferred units | i 15.0 | i 15.0 | i 30.0 | i 30.0 | ||||||||||||||||||||||
| Net income (loss) attributable to partners | $ | i 14.1 | $ | ( i 63.4) | $ | i 11.1 | $ | ( i 126.8) | ||||||||||||||||||
Net
income (loss) per limited partner unit: (Note 12) | ||||||||||||||||||||||||||
| Basic | $ | i 0.14 | $ | ( i 1.00) | $ | i 0.12 | $ | ( i 1.85) | ||||||||||||||||||
| Diluted | $ | i 0.14 | $ | ( i 1.00) | $ | i 0.11 | $ | ( i 1.85) | ||||||||||||||||||
Weighted-average
limited partners’ units outstanding: | ||||||||||||||||||||||||||
| Basic | i 98.0 | i 63.5 | i 92.0 | i 68.4 | ||||||||||||||||||||||
| Dilutive | i 4.6 | i — | i 4.7 | i — | ||||||||||||||||||||||
| Diluted | i 102.6 | i 63.5 | i 96.7 | i 68.4 | ||||||||||||||||||||||
| 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 charges | — | — | 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 charges | — | — | — | 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 | |||||||||||||||||||||
| Preferred | Partners | ||||||||||||||||||||||||||||||||||
| Units | Capital | Common Units | Subordinated Units | Capital | Total Partners’ Capital | ||||||||||||||||||||||||||||||
| Balance at December 31, 2020 | i 71.3 | $ | i 612.0 | i 73.6 | i 0.4 | $ | i 1,043.4 | $ | i 1,655.4 | ||||||||||||||||||||||||||
Crestwood
Holdings Transactions (Note 11) | — | — | — | — | ( i 273.2) | ( i 273.2) | |||||||||||||||||||||||||||||
Retirement
of units (Note 11) | — | — | ( i 11.5) | ( i 0.4) | — | — | |||||||||||||||||||||||||||||
| Distributions to partners | — | ( i 15.0) | — | — | ( i 46.4) | ( i 61.4) | |||||||||||||||||||||||||||||
| Unit-based compensation charges | — | — | i 1.1 | — | i 3.7 | i 3.7 | |||||||||||||||||||||||||||||
| Taxes paid for unit-based compensation vesting | — | — | ( i 0.4) | — | ( i 8.1) | ( i 8.1) | |||||||||||||||||||||||||||||
| Other | — | — | — | — | ( i 0.4) | ( i 0.4) | |||||||||||||||||||||||||||||
| Net income (loss) | — | i 15.0 | — | — | ( i 63.4) | ( i 48.4) | |||||||||||||||||||||||||||||
| Balance at March 31, 2021 | i 71.3 | i 612.0 | i 62.8 | i — | i 655.6 | i 1,267.6 | |||||||||||||||||||||||||||||
| Distributions to partners | — | ( i 15.0) | — | — | ( i 39.3) | ( i 54.3) | |||||||||||||||||||||||||||||
| Unit-based compensation charges | — | — | — | — | i 7.6 | i 7.6 | |||||||||||||||||||||||||||||
| Taxes paid for unit-based compensation vesting | — | — | i — | — | ( i 0.1) | ( i 0.1) | |||||||||||||||||||||||||||||
| Other | — | — | — | — | ( i 0.3) | ( i 0.3) | |||||||||||||||||||||||||||||
| Net income (loss) | — | i 15.0 | — | — | ( i 63.4) | ( i 48.4) | |||||||||||||||||||||||||||||
| Balance at June 30, 2021 | i 71.3 | $ | i 612.0 | i 62.8 | i — | $ | i 560.1 | $ | i 1,172.1 | ||||||||||||||||||||||||||
CRESTWOOD EQUITY PARTNERS LP CONSOLIDATED STATEMENTS OF CASH FLOWS (in
millions) (unaudited) | |||||||||||
| Six Months Ended | |||||||||||
| June 30, | |||||||||||
| 2022 | 2021 | ||||||||||
| Operating activities | |||||||||||
| Net income (loss) | $ | i 61.6 | $ | ( i 76.4) | |||||||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||||||||
| Depreciation, amortization and accretion | i 155.4 | i 118.0 | |||||||||
| Amortization of debt-related deferred costs and fair value adjustment | i 1.2 | i 3.4 | |||||||||
| Unit-based compensation charges | i 17.2 | i 9.9 | |||||||||
| Loss on long-lived assets, net | i 11.0 | i 1.1 | |||||||||
| Loss on modification/extinguishment of debt | i — | i 6.7 | |||||||||
| (Earnings) loss from unconsolidated affiliates, net, adjusted for cash distributions received | ( i 0.2) | i 141.1 | |||||||||
| Deferred income taxes | ( i 0.1) | ( i 0.1) | |||||||||
| Other | ( i 0.1) | i 0.1 | |||||||||
| Changes in operating assets and liabilities | i 6.0 | i 89.7 | |||||||||
| Net cash provided by operating activities | i 252.0 | i 293.5 | |||||||||
| Investing activities | |||||||||||
Acquisition, net of cash acquired (Note 3) | ( i 145.1) | i — | |||||||||
| Purchases of property, plant and equipment | ( i 78.2) | ( i 21.3) | |||||||||
| Investments in unconsolidated affiliates | ( i 15.0) | ( i 10.2) | |||||||||
| Capital distributions from unconsolidated affiliates | i 6.2 | i 32.9 | |||||||||
| Net proceeds from sale of assets | i 25.7 | i 0.5 | |||||||||
| Net cash provided by (used in) investing activities | ( i 206.4) | i 1.9 | |||||||||
| Financing activities | |||||||||||
| Proceeds from the issuance of long-term debt | i 1,649.8 | i 2,005.6 | |||||||||
| Payments on long-term debt | ( i 1,470.8) | ( i 1,866.8) | |||||||||
| Payments on finance leases | ( i 30.4) | ( i 1.4) | |||||||||
| Payments for deferred financing costs | ( i 1.7) | ( i 11.1) | |||||||||
| Payments for Crestwood Holdings Transactions | i — | ( i 275.6) | |||||||||
| Distributions to partners | ( i 125.1) | ( i 85.7) | |||||||||
| Distributions to non-controlling partner | ( i 20.7) | ( i 19.6) | |||||||||
| Distributions to preferred unitholders | ( i 30.0) | ( i 30.0) | |||||||||
| Taxes paid for unit-based compensation vesting | ( i 15.6) | ( i 8.2) | |||||||||
| Other | ( i 0.6) | i — | |||||||||
| Net cash used in financing activities | ( i 45.1) | ( i 292.8) | |||||||||
| Net change in cash | i 0.5 | i 2.6 | |||||||||
| Cash at beginning of period | i 13.3 | i 14.0 | |||||||||
| Cash at end of period | $ | i 13.8 | $ | i 16.6 | |||||||
| Six Months Ended | |||||||||||
| June 30, | |||||||||||
| 2022 | 2021 | ||||||||||
| Supplemental schedule of non-cash investing activities | |||||||||||
| Net change to property, plant and equipment through accounts payable and accrued expenses | $ | i 14.5 | $ | ( i 29.2) | |||||||
| Acquisition, net of cash acquired: | |||||||||||
| Current assets | $ | i 63.2 | $ | — | |||||||
| Property, plant and equipment | i 1,264.4 | — | |||||||||
| Intangible assets | i 464.0 | — | |||||||||
| Goodwill | i 56.2 | — | |||||||||
| Current liabilities | ( i 48.2) | — | |||||||||
| Debt | ( i 698.7) | — | |||||||||
| Change in invested capital of Crestwood Equity Partners LP, net | ( i 930.0) | — | |||||||||
| Other liabilities | ( i 25.8) | — | |||||||||
| Total acquisition, net of cash acquired | $ | i 145.1 | $ | — | |||||||
| June 30, 2022 | December 31, 2021 | ||||||||||
| (unaudited) | |||||||||||
| Assets | |||||||||||
| Current assets: | |||||||||||
| Cash | $ | i 13.3 | $ | i 12.9 | |||||||
Accounts
receivable, less allowance for doubtful accounts of $ i 0.5 million and $ i 0.6
million at June 30, 2022 and December 31, 2021 | i 419.6 | i 378.0 | |||||||||
| Inventory | i 168.3 | i 156.5 | |||||||||
| Assets from price risk management activities | i 34.2 | i 42.1 | |||||||||
| Assets held for sale, net | i 289.5 | i — | |||||||||
| Prepaid expenses and other current assets | i 12.1 | i 14.4 | |||||||||
| Total current assets | i 937.0 | i 603.9 | |||||||||
| Property, plant and equipment | i 4,709.1 | i 4,100.8 | |||||||||
| Less: accumulated depreciation | i 916.4 | i 1,193.0 | |||||||||
| Property, plant and equipment, net | i 3,792.7 | i 2,907.8 | |||||||||
| Intangible assets | i 1,590.1 | i 1,126.1 | |||||||||
| Less: accumulated amortization | i 433.5 | i 393.2 | |||||||||
| Intangible assets, net | i 1,156.6 | i 732.9 | |||||||||
| Goodwill | i 194.8 | i 138.6 | |||||||||
| Operating lease right-of-use assets, net | i 18.8 | i 27.4 | |||||||||
| Investments in unconsolidated affiliates | i 164.8 | i 155.8 | |||||||||
| Other non-current assets | i 4.0 | i 4.8 | |||||||||
| Total assets | $ | i 6,268.7 | $ | i 4,571.2 | |||||||
| Liabilities and capital | |||||||||||
| Current liabilities: | |||||||||||
| Accounts payable | $ | i 404.1 | $ | i 336.4 | |||||||
| Accrued expenses and other liabilities | i 157.3 | i 146.1 | |||||||||
| Liabilities from price risk management activities | i 82.3 | i 114.6 | |||||||||
| Current portion of long-term debt | i 0.2 | i 0.2 | |||||||||
| Total current liabilities | i 643.9 | i 597.3 | |||||||||
| Long-term debt, less current portion | i 2,929.3 | i 2,052.1 | |||||||||
| Other long-term liabilities | i 266.2 | i 254.1 | |||||||||
| Deferred income taxes | i 1.1 | i 0.8 | |||||||||
| Total liabilities | i 3,840.5 | i 2,904.3 | |||||||||
Commitments
and contingencies (Note 9) | i | i | |||||||||
| Interest of non-controlling partner in subsidiary | i 434.4 | i 434.6 | |||||||||
Partners’
capital | i 1,993.8 | i 1,232.3 | |||||||||
| Total liabilities and capital | $ | i 6,268.7 | $ | i 4,571.2 | |||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||||||
| June 30, | June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| Revenues: | |||||||||||||||||||||||
| Product revenues | $ | i 1,215.0 | $ | i 820.7 | $ | i 2,605.5 | $ | i 1,751.3 | |||||||||||||||
Product
revenues - related party (Note 15) | i 78.9 | i 12.8 | i 139.5 | i 17.7 | |||||||||||||||||||
| Service revenues | i 98.8 | i 95.7 | i 194.4 | i 192.9 | |||||||||||||||||||
Service
revenues - related party (Note 15) | i 55.3 | i 0.4 | i 92.4 | i 0.4 | |||||||||||||||||||
| Total revenues | i 1,448.0 | i 929.6 | i 3,031.8 | i 1,962.3 | |||||||||||||||||||
Costs
of product/services sold (exclusive of items shown separately below): | |||||||||||||||||||||||
| Product costs | i 1,094.0 | i 768.0 | i 2,384.8 | i 1,535.6 | |||||||||||||||||||
Product
costs - related party (Note 15) | i 113.1 | i 25.4 | i 181.6 | i 66.5 | |||||||||||||||||||
| Service costs | i 6.1 | i 3.8 | i 11.2 | i 8.9 | |||||||||||||||||||
| Total costs of product/services sold | i 1,213.2 | i 797.2 | i 2,577.6 | i 1,611.0 | |||||||||||||||||||
| Operating expenses and other: | |||||||||||||||||||||||
| Operations and maintenance | i 46.6 | i 25.8 | i 89.0 | i 58.6 | |||||||||||||||||||
| General and administrative | i 25.0 | i 19.7 | i 66.7 | i 36.9 | |||||||||||||||||||
| Depreciation, amortization and accretion | i 83.0 | i 62.2 | i 161.2 | i 125.0 | |||||||||||||||||||
| (Gain) loss on long-lived assets, net | i 60.5 | ( i 0.3) | i 64.3 | i 1.1 | |||||||||||||||||||
| i 215.1 | i 107.4 | i 381.2 | i 221.6 | ||||||||||||||||||||
| Operating income | i 19.7 | i 25.0 | i 73.0 | i 129.7 | |||||||||||||||||||
| Earnings (loss) from unconsolidated affiliates, net | i 6.0 | ( i 27.1) | i 9.0 | ( i 130.8) | |||||||||||||||||||
| Interest and debt expense, net | ( i 40.1) | ( i 35.1) | ( i 76.2) | ( i 71.1) | |||||||||||||||||||
| Loss on modification/extinguishment of debt | i — | ( i 1.2) | i — | ( i 6.7) | |||||||||||||||||||
| Income (loss) before income taxes | ( i 14.4) | ( i 38.4) | i 5.8 | ( i 78.9) | |||||||||||||||||||
| Provision for income taxes | ( i 0.2) | ( i 0.1) | ( i 0.2) | i — | |||||||||||||||||||
| Net income (loss) | ( i 14.6) | ( i 38.5) | i 5.6 | ( i 78.9) | |||||||||||||||||||
| Net income attributable to non-controlling partner | i 10.3 | i 10.3 | i 20.5 | i 20.4 | |||||||||||||||||||
| Net loss attributable to Crestwood Midstream Partners LP | $ | ( i 24.9) | $ | ( i 48.8) | $ | ( i 14.9) | $ | ( i 99.3) | |||||||||||||||
| 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 charges | 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 charges | 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 | ||||||||||||
| Total Partners’ Capital | ||||||||||||||
| Balance at December 31, 2020 | $ | i 1,805.1 | ||||||||||||
| Distributions to partners | ( i 334.0) | |||||||||||||
| Unit-based compensation charges | i 2.3 | |||||||||||||
| Taxes paid for unit-based compensation vesting | ( i 8.1) | |||||||||||||
| Other | ( i 0.1) | |||||||||||||
| Net loss | ( i 50.5) | |||||||||||||
| Balance at March 31, 2021 | i 1,414.7 | |||||||||||||
| Distributions to partners | ( i 61.4) | |||||||||||||
| Unit-based compensation charges | i 7.6 | |||||||||||||
| Taxes paid for unit-based compensation vesting | ( i 0.1) | |||||||||||||
| Net loss | ( i 48.8) | |||||||||||||
| Balance at June 30, 2021 | $ | i 1,312.0 | ||||||||||||
| Six Months Ended | |||||||||||
| June 30, | |||||||||||
| 2022 | 2021 | ||||||||||
| Operating activities | |||||||||||
| Net income (loss) | $ | i 5.6 | $ | ( i 78.9) | |||||||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||||||||
| Depreciation, amortization and accretion | i 161.2 | i 125.0 | |||||||||
| Amortization of debt-related deferred costs and fair value adjustment | i 1.2 | i 3.4 | |||||||||
| Unit-based compensation charges | i 17.2 | i 9.9 | |||||||||
| Loss on long-lived assets, net | i 64.3 | i 1.1 | |||||||||
| Loss on modification/extinguishment of debt | i — | i 6.7 | |||||||||
| (Earnings) loss from unconsolidated affiliates, net, adjusted for cash distributions received | ( i 0.2) | i 141.1 | |||||||||
| Deferred income taxes | i 0.1 | i — | |||||||||
| Other | ( i 0.1) | i 0.1 | |||||||||
Changes
in operating assets and liabilities | i 5.9 | i 88.8 | |||||||||
| Net cash provided by operating activities | i 255.2 | i 297.2 | |||||||||
| Investing activities | |||||||||||
| Purchases of property, plant and equipment | ( i 77.5) | ( i 21.3) | |||||||||
| Investments in unconsolidated affiliates | ( i 15.0) | ( i 10.2) | |||||||||
| Capital distributions from unconsolidated affiliates | i 6.2 | i 32.9 | |||||||||
| Net proceeds from sale of assets | i 25.7 | i 0.5 | |||||||||
| Net cash provided by (used in) investing activities | ( i 60.6) | i 1.9 | |||||||||
| Financing activities | |||||||||||
Proceeds from the issuance of long-term debt | i 1,649.8 | i 2,005.6 | |||||||||
| Payments on long-term debt | ( i 1,470.8) | ( i 1,866.8) | |||||||||
| Payments on finance leases | ( i 30.4) | ( i 1.4) | |||||||||
| Payments for deferred financing costs | ( i 1.7) | ( i 11.1) | |||||||||
| Contribution from partner | i 14.9 | i — | |||||||||
| Distributions to partners | ( i 319.7) | ( i 395.4) | |||||||||
| Distributions to non-controlling partner | ( i 20.7) | ( i 19.6) | |||||||||
| Taxes paid for unit-based compensation vesting | ( i 15.6) | ( i 8.2) | |||||||||
| Net cash used in financing activities | ( i 194.2) | ( i 296.9) | |||||||||
| Net change in cash | i 0.4 | i 2.2 | |||||||||
| Cash at beginning of period | i 12.9 | i 13.7 | |||||||||
| Cash at end of period | $ | i 13.3 | $ | i 15.9 | |||||||
| Supplemental schedule of non-cash investing activities | |||||||||||
Net change to property, plant and equipment through accounts payable and accrued expenses | $ | i 14.5 | $ | ( i 29.2) | |||||||
| Six Months Ended | |||||||||||
| June 30, | |||||||||||
| 2022 | 2021 | ||||||||||
| Supplemental schedule of non-cash financing activities | |||||||||||
| Non-cash contribution: | |||||||||||
| Current assets | $ | i 63.2 | $ | — | |||||||
| Property, plant and equipment | i 1,264.4 | — | |||||||||
| Intangible assets | i 464.0 | — | |||||||||
| Goodwill | i 56.2 | — | |||||||||
| Current liabilities | ( i 48.2) | — | |||||||||
| Debt | ( i 698.7) | — | |||||||||
| Other liabilities | ( i 25.8) | — | |||||||||
| Total non-cash contribution | $ | i 1,075.1 | $ | — | |||||||
| Cash | $ | i 14.9 | ||||||
| Other current assets | i 63.2 | |||||||
| Property, plant and equipment | i 1,264.4 | |||||||
| Intangible assets | i 464.0 | |||||||
| Total assets acquired | i 1,806.5 | |||||||
| Current liabilities | i 48.2 | |||||||
Long-term debt(1) | i 698.7 | |||||||
Other
long-term liabilities(2) | i 25.8 | |||||||
| Total liabilities assumed | i 772.7 | |||||||
| Net assets acquired excluding goodwill | i 1,033.8 | |||||||
| Goodwill | i 56.2 | |||||||
| Net assets acquired | $ | i 1,090.0 | ||||||
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||||||
| 2021 | 2022 | 2021 | ||||||||||||||||||
| Revenues | $ | i 1,024.9 | $ | i 3,066.4 | $ | i 2,157.9 | ||||||||||||||
| Net income (loss) | $ | ( i 15.5) | $ | i 67.8 | $ | ( i 31.1) | ||||||||||||||
| Net income (loss) per limited partner unit: | ||||||||||||||||||||
| Basic | $ | ( i 0.42) | $ | i 0.18 | $ | ( i 0.80) | ||||||||||||||
| Diluted | $ | ( i 0.42) | $ | i 0.17 | $ | ( i 0.80) | ||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||||||
| 2021 | 2022 | 2021 | ||||||||||||||||||
| Revenues | $ | i 1,024.9 | $ | i 3,066.4 | $ | i 2,157.9 | ||||||||||||||
| Net income (loss) | $ | ( i 15.9) | $ | i 11.8 | $ | ( i 33.6) | ||||||||||||||
| June 30, | December 31, | |||||||||||||
| 2022 | 2021 | |||||||||||||
| CMLP | ||||||||||||||
| Accrued expenses | $ | i 49.2 | $ | i 66.3 | ||||||||||
| Accrued property taxes | i 5.2 | i 4.4 | ||||||||||||
| Income tax payable | i 0.1 | i 0.4 | ||||||||||||
| Interest payable | i 40.8 | i 30.6 | ||||||||||||
| Accrued additions to property, plant and equipment | i 38.0 | i 17.4 | ||||||||||||
| Operating leases | i 9.5 | i 13.2 | ||||||||||||
| Finance leases | i 2.2 | i 1.7 | ||||||||||||
| Contract liabilities | i 11.9 | i 10.7 | ||||||||||||
| Asset retirement obligations | i 0.4 | i 1.4 | ||||||||||||
| Total CMLP accrued expenses and other liabilities | $ | i 157.3 | $ | i 146.1 | ||||||||||
| CEQP | ||||||||||||||
| Accrued expenses | i 1.2 | i 0.9 | ||||||||||||
| Income tax payable | i 0.1 | i 0.1 | ||||||||||||
| Total CEQP accrued expenses and other liabilities | $ | i 158.6 | $ | i 147.1 | ||||||||||
| June 30, | December 31, | ||||||||||
| 2022 | 2021 | ||||||||||
| CMLP | |||||||||||
| Contract liabilities | $ | i 203.7 | $ | i 187.1 | |||||||
| Operating leases | i 13.8 | i 19.4 | |||||||||
| Asset retirement obligations | i 35.0 | i 34.8 | |||||||||
| Other | i 13.7 | i 12.8 | |||||||||
| Total CMLP other long-term liabilities | $ | i 266.2 | $ | i 254.1 | |||||||
| CEQP | |||||||||||
| Other | i 1.8 | i 4.6 | |||||||||
| Total CEQP other long-term liabilities | $ | i 268.0 | $ | i 258.7 | |||||||
| Investment | Earnings
(Loss) from Unconsolidated Affiliates | Earnings (Loss) from Unconsolidated Affiliates | |||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||||||
| June 30, | December 31, | June 30, | June 30, | ||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||||||||||||||||
Crestwood Permian Basin Holdings LLC(1) | $ | i 118.4 | $ | i 116.1 | $ | i 4.8 | $ | i 1.0 | $ | i 7.4 | $ | i 0.2 | |||||||||||||||||||||||||||||
Tres
Palacios Holdings LLC(2) | i 43.2 | i 36.2 | i 1.3 | ( i 0.1) | i 1.9 | i 9.2 | |||||||||||||||||||||||||||||||||||
Powder
River Basin Industrial Complex, LLC(3) | i 3.2 | i 3.5 | ( i 0.1) | i — | ( i 0.3) | i 0.1 | |||||||||||||||||||||||||||||||||||
Stagecoach
Gas Services LLC(4) | i — | i — | i — | ( i 28.0) | i — | ( i 140.3) | |||||||||||||||||||||||||||||||||||
| Total | $ | i 164.8 | $ | i 155.8 | $ | i 6.0 | $ | ( i 27.1) | $ | i 9.0 | $ | ( i 130.8) | |||||||||||||||||||||||||||||
Distributions(1) | Contributions | |||||||||||||||||||||||||||||||||||||
| Six Months Ended | Six Months Ended | |||||||||||||||||||||||||||||||||||||
| June 30, | June 30, | |||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||
| Crestwood Permian | $ | i 13.6 | $ | i 5.5 | $ | i 8.5 | $ | i 3.3 | ||||||||||||||||||||||||||||||
| Tres Holdings | i 1.4 | i 10.6 | i 6.5 | i 6.9 | ||||||||||||||||||||||||||||||||||
| PRBIC | i — | i 0.1 | i — | i — | ||||||||||||||||||||||||||||||||||
| Stagecoach Gas | i — | i 27.0 | i — | i — | ||||||||||||||||||||||||||||||||||
| Total | $ | i 15.0 | $ | i 43.2 | $ | i 15.0 | $ | i 10.2 | ||||||||||||||||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||||||
| June 30, | June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| Product revenues | $ | i 108.8 | $ | i 52.7 | $ | i 311.0 | $ | i 167.5 | |||||||||||||||
| Loss reflected in product costs | $ | ( i 3.7) | $ | ( i 33.3) | $ | ( i 51.3) | $ | ( i 41.4) | |||||||||||||||
| June 30, 2022 | December 31, 2021 | ||||||||||||||||||||||
| Fixed Price Payor | Fixed Price Receiver | Fixed Price Payor | Fixed Price Receiver | ||||||||||||||||||||
| Propane, ethane, butane, heating oil and crude oil (MMBbls) | i 60.3 | i 62.8 | i 71.6 | i 75.8 | |||||||||||||||||||
| Natural gas (Bcf) | i 42.4 | i 48.6 | i 31.9 | i 43.4 | |||||||||||||||||||
| June 30, 2022 | December 31, 2021 | ||||||||||
Aggregate fair value liability of derivative instruments with credit-risk-related contingent features(1) | $ | i 53.9 | $ | i 57.9 | |||||||
| Broker-related net derivative asset position | $ | i 67.4 | $ | i 104.8 | |||||||
| Broker-related cash collateral received | $ | i 45.6 | $ | i 76.8 | |||||||
| Cash collateral (paid) received, net | $ | ( i 2.8) | $ | i 11.4 | |||||||
| June 30, 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 42.5 | $ | i 512.2 | $ | i — | $ | i 554.7 | $ | ( i 474.5) | $ | ( i 46.0) | $ | i 34.2 | |||||||||||||||||||||||||||
Other
investments(2) | i 2.3 | i — | i — | i 2.3 | — | — | i 2.3 | ||||||||||||||||||||||||||||||||||
| Total assets at fair value | $ | i 44.8 | $ | i 512.2 | $ | i — | $ | i 557.0 | $ | ( i 474.5) | $ | ( i 46.0) | $ | i 36.5 | |||||||||||||||||||||||||||
| Liabilities | |||||||||||||||||||||||||||||||||||||||||
| Liabilities from price risk management | $ | i 55.6 | $ | i 504.4 | $ | i — | $ | i 560.0 | $ | ( i 474.5) | $ | ( i 3.2) | $ | i 82.3 | |||||||||||||||||||||||||||
| Total liabilities at fair value | $ | i 55.6 | $ | i 504.4 | $ | i — | $ | i 560.0 | $ | ( i 474.5) | $ | ( i 3.2) | $ | i 82.3 | |||||||||||||||||||||||||||
| December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||
| 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 33.3 | $ | i 695.6 | $ | i — | $ | i 728.9 | $ | ( i 607.4) | $ | ( i 79.4) | $ | i 42.1 | |||||||||||||||||||||||||||
Other
investments(2) | i 2.2 | i — | i — | i 2.2 | — | — | i 2.2 | ||||||||||||||||||||||||||||||||||
| Total assets at fair value | $ | i 35.5 | $ | i 695.6 | $ | i — | $ | i 731.1 | $ | ( i 607.4) | $ | ( i 79.4) | $ | i 44.3 | |||||||||||||||||||||||||||
| Liabilities | |||||||||||||||||||||||||||||||||||||||||
| Liabilities from price risk management | $ | i 26.9 | $ | i 686.3 | $ | i — | $ | i 713.2 | $ | ( i 607.4) | $ | i 8.8 | $ | i 114.6 | |||||||||||||||||||||||||||
| Total liabilities at fair value | $ | i 26.9 | $ | i 686.3 | $ | i — | $ | i 713.2 | $ | ( i 607.4) | $ | i 8.8 | $ | i 114.6 | |||||||||||||||||||||||||||
| June 30, 2022 | December 31, 2021 | ||||||||||||||||||||||
| Carrying Amount | Fair Value | Carrying Amount | Fair Value | ||||||||||||||||||||
| 2025 Senior Notes | $ | i 497.1 | $ | i 471.1 | $ | i 496.5 | $ | i 511.9 | |||||||||||||||
| 2027 Senior Notes | $ | i 594.8 | $ | i 537.0 | $ | i 594.2 | $ | i 615.0 | |||||||||||||||
| February 2029 Senior Notes | $ | i 691.5 | $ | i 614.5 | $ | i 690.8 | $ | i 727.3 | |||||||||||||||
April
2029 Senior Notes(1) | $ | i 478.9 | $ | i 420.3 | $ | i — | $ | i — | |||||||||||||||
| June
30, 2022 | December 31, 2021 | ||||||||||
| Credit Facility | $ | i 679.0 | $ | i 282.0 | |||||||
| 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 — | |||||||||
| April 2029 Senior Notes fair value adjustment, net | i 28.9 | i — | |||||||||
Other(1)
| i 0.2 | i 0.2 | |||||||||
| Less: deferred financing costs, net | i 28.6 | i 29.9 | |||||||||
| Total debt | i 2,929.5 | i 2,052.3 | |||||||||
| Less: current portion | i 0.2 | i 0.2 | |||||||||
| Total long-term debt, less current portion | $ | i 2,929.3 | $ | i 2,052.1 | |||||||
| CEQP | CMLP | ||||||||||||||||||||||
| June
30, 2022 | December 31, 2021 | June 30, 2022 | December 31, 2021 | ||||||||||||||||||||
Self-insurance reserves(1) | $ | i 5.3 | $ | i 5.5 | $ | i 4.3 | $ | i 4.7 | |||||||||||||||
| June 30, 2022 | December 31, 2021 | ||||||||||
| Operating Leases | |||||||||||
| Operating lease right-of-use assets, net | $ | i 18.8 | $ | i 27.4 | |||||||
| Accrued expenses and other liabilities | $ | i 9.5 | $ | i 13.2 | |||||||
| Other long-term liabilities | i 13.8 | i 19.4 | |||||||||
| Total operating lease liabilities | $ | i 23.3 | $ | i 32.6 | |||||||
| Finance Leases | |||||||||||
| Property, plant and equipment | $ | i 15.1 | $ | i 12.3 | |||||||
| Less: accumulated depreciation | i 10.9 | i 9.2 | |||||||||
| Property, plant and equipment, net | $ | i 4.2 | $ | i 3.1 | |||||||
| Accrued expenses and other liabilities | $ | i 2.2 | $ | i 1.7 | |||||||
| Other long-term liabilities | i 1.9 | i 1.2 | |||||||||
| Total finance lease liabilities | $ | i 4.1 | $ | i 2.9 | |||||||
| Record Date | Payment Date | Per Unit Rate | Cash Distributions (in millions) | |||||||||||||||||
| 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 125.1 | |||||||||||||||||||
| 2021 | ||||||||||||||||||||
| i February 5, 2021 | i February 12, 2021 | $ | i 0.625 | $ | i 46.4 | |||||||||||||||
| i May 7, 2021 | i May 14, 2021 | $ | i 0.625 | i 39.3 | ||||||||||||||||
| $ | i 85.7 | |||||||||||||||||||
Balance
at December 31, 2021 | $ | i 434.6 | ||||||
| Distributions to non-controlling partner | ( i 20.7) | |||||||
| Net income attributable to non-controlling partner | i 20.5 | |||||||
Balance at June 30, 2022 | $ | i 434.4 | ||||||
| Balance at December 31, 2020 | $ | i 432.7 | ||||||
| Distributions to non-controlling partner | ( i 19.6) | |||||||
| Net income attributable to non-controlling partner | i 20.4 | |||||||
Balance at June 30, 2021 | $ | i 433.5 | ||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||||||
| June 30, | June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
Preferred units(1) | i 7.1 | i 7.1 | i 7.1 | i 7.1 | |||||||||||||||||||
Crestwood
Niobrara’s preferred units(1) | i — | i 3.6 | i — | i 3.6 | |||||||||||||||||||
Unit-based
compensation performance units(1) | i — | i 0.1 | i — | i 0.1 | |||||||||||||||||||
Subordinated
units(2) | i — | i — | i — | i 0.2 | |||||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||||||||||||
| June 30, | June 30, | |||||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||
| Common unitholders’ interest in net income (loss) | $ | i 14.1 | $ | ( i 63.4) | $ | i 11.1 | $ | ( i 126.8) | ||||||||||||||||||
| Diluted net income (loss) | $ | i 14.1 | $ | ( i 63.4) | $ | i 11.1 | $ | ( i 126.8) | ||||||||||||||||||
| Weighted-average limited partners’ units outstanding - basic | i 98.0 | i 63.5 | i 92.0 | i 68.4 | ||||||||||||||||||||||
| Dilutive effect of Crestwood Niobrara preferred units | i 4.5 | i — | i 4.5 | i — | ||||||||||||||||||||||
| Dilutive effect of stock-based compensation performance units | i 0.1 | i — | i 0.2 | i — | ||||||||||||||||||||||
| Weighted-average limited partners’ units outstanding - diluted | i 102.6 | i 63.5 | i 96.7 | i 68.4 | ||||||||||||||||||||||
| Net income (loss) per limited partner unit: | ||||||||||||||||||||||||||
| Basic | $ | i 0.14 | $ | ( i 1.00) | $ | i 0.12 | $ | ( i 1.85) | ||||||||||||||||||
| Diluted | $ | i 0.14 | $ | ( i 1.00) | $ | i 0.11 | $ | ( i 1.85) | ||||||||||||||||||
| CEQP | CMLP | ||||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Six Months Ended | Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
| June 30, | June 30, | June 30, | June 30, | ||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||||||||||||||||||||
| Net income (loss) | $ | i 39.4 | $ | ( i 38.1) | $ | i 61.6 | $ | ( i 76.4) | $ | ( i 14.6) | $ | ( i 38.5) | $ | i 5.6 | $ | ( i 78.9) | |||||||||||||||||||||||||||||||
| Add: | |||||||||||||||||||||||||||||||||||||||||||||||
| Interest and debt expense, net | i 40.1 | i 35.1 | i 76.2 | i 71.1 | i 40.1 | i 35.1 | i 76.2 | i 71.1 | |||||||||||||||||||||||||||||||||||||||
| Loss on modification/extinguishment of debt | i — | i 1.2 | i — | i 6.7 | i — | i 1.2 | i — | i 6.7 | |||||||||||||||||||||||||||||||||||||||
| Provision for income taxes | i 0.3 | i 0.1 | i 0.3 | i — | i 0.2 | i 0.1 | i 0.2 | i — | |||||||||||||||||||||||||||||||||||||||
| Depreciation, amortization and accretion | i 80.6 | i 58.8 | i 155.4 | i 118.0 | i 83.0 | i 62.2 | i 161.2 | i 125.0 | |||||||||||||||||||||||||||||||||||||||
| EBITDA | $ | i 160.4 | $ | i 57.1 | $ | i 293.5 | $ | i 119.4 | $ | i 108.7 | $ | i 60.1 | $ | i 243.2 | $ | i 123.9 | |||||||||||||||||||||||||||||||
| Three Months Ended June 30, 2022 | |||||||||||||||||||||||||||||
| Gathering and Processing North | Gathering and Processing South | Storage and Logistics | Corporate | Total | |||||||||||||||||||||||||
| Crestwood Midstream | |||||||||||||||||||||||||||||
Revenues | $ | i 279.4 | $ | i 35.3 | $ | i 1,133.3 | $ | i — | $ | i 1,448.0 | |||||||||||||||||||
Intersegment
revenues | i 151.6 | i — | ( i 151.6) | i — | — | ||||||||||||||||||||||||
Costs
of product/services sold | i 250.8 | i 0.6 | i 961.8 | i — | i 1,213.2 | ||||||||||||||||||||||||
Operations
and maintenance expense | i 27.5 | i 7.6 | i 11.5 | i — | i 46.6 | ||||||||||||||||||||||||
General
and administrative expense | i — | i — | i — | i 25.0 | i 25.0 | ||||||||||||||||||||||||
| Loss on long-lived assets, net | i — | ( i 60.4) | ( i 0.1) | i — | ( i 60.5) | ||||||||||||||||||||||||
| Earnings from unconsolidated affiliates, net | i — | i 4.8 | i 1.2 | i — | i 6.0 | ||||||||||||||||||||||||
| Crestwood Midstream EBITDA | $ | i 152.7 | $ | ( i 28.5) | $ | i 9.5 | $ | ( i 25.0) | $ | i 108.7 | |||||||||||||||||||
| Crestwood Equity | |||||||||||||||||||||||||||||
| General and administrative expense | i — | i — | i — | i 1.5 | i 1.5 | ||||||||||||||||||||||||
Elimination
of loss on long-lived assets(1) | i — | i 53.3 | i — | i — | i 53.3 | ||||||||||||||||||||||||
| Other expense, net | i — | i — | i — | ( i 0.1) | ( i 0.1) | ||||||||||||||||||||||||
| Crestwood Equity EBITDA | $ | i 152.7 | $ | i 24.8 | $ | i 9.5 | $ | ( i 26.6) | $ | i 160.4 | |||||||||||||||||||
| Three Months Ended June 30, 2021 | |||||||||||||||||||||||||||||
| Gathering and Processing North | Gathering and Processing South | Storage and Logistics | Corporate | Total | |||||||||||||||||||||||||
| Crestwood Midstream | |||||||||||||||||||||||||||||
Revenues | $ | i 148.6 | $ | i 24.7 | $ | i 756.3 | $ | i — | $ | i 929.6 | |||||||||||||||||||
Intersegment
revenues | i 84.2 | i — | ( i 84.2) | i — | — | ||||||||||||||||||||||||
Costs
of product/services sold | i 120.5 | i 0.1 | i 676.6 | i — | i 797.2 | ||||||||||||||||||||||||
Operations
and maintenance expense | i 9.0 | i 5.7 | i 11.1 | i — | i 25.8 | ||||||||||||||||||||||||
General
and administrative expense | i — | i — | i — | i 19.7 | i 19.7 | ||||||||||||||||||||||||
| Gain on long-lived assets, net | i 0.3 | i — | i — | i — | i 0.3 | ||||||||||||||||||||||||
| Earnings (loss) from unconsolidated affiliates, net | i — | i 1.0 | ( i 28.1) | i — | ( i 27.1) | ||||||||||||||||||||||||
| Crestwood Midstream EBITDA | $ | i 103.6 | $ | i 19.9 | $ | ( i 43.7) | $ | ( i 19.7) | $ | i 60.1 | |||||||||||||||||||
| Crestwood Equity | |||||||||||||||||||||||||||||
| General and administrative expense | i — | i — | i — | i 3.1 | i 3.1 | ||||||||||||||||||||||||
| Other income, net | i — | i — | i — | i 0.1 | i 0.1 | ||||||||||||||||||||||||
| Crestwood Equity EBITDA | $ | i 103.6 | $ | i 19.9 | $ | ( i 43.7) | $ | ( i 22.7) | $ | i 57.1 | |||||||||||||||||||
| Six Months Ended June 30, 2022 | |||||||||||||||||||||||||||||
| Gathering and Processing North | Gathering and Processing South | Storage and Logistics | Corporate | Total | |||||||||||||||||||||||||
| Crestwood Midstream | |||||||||||||||||||||||||||||
Revenues | $ | i 514.6 | $ | i 66.0 | $ | i 2,451.2 | $ | i — | $ | i 3,031.8 | |||||||||||||||||||
Intersegment
revenues | i 279.0 | i — | ( i 279.0) | i — | — | ||||||||||||||||||||||||
Costs
of product/services sold | i 456.4 | i — | i 2,121.2 | i — | i 2,577.6 | ||||||||||||||||||||||||
Operations
and maintenance expense | i 51.2 | i 14.3 | i 23.5 | i — | i 89.0 | ||||||||||||||||||||||||
General
and administrative expense | i — | i — | i — | i 66.7 | i 66.7 | ||||||||||||||||||||||||
| Loss on long-lived assets, net | i — | ( i 60.2) | ( i 4.1) | i — | ( i 64.3) | ||||||||||||||||||||||||
| Earnings from unconsolidated affiliates, net | i — | i 7.4 | i 1.6 | i — | i 9.0 | ||||||||||||||||||||||||
| Crestwood Midstream EBITDA | $ | i 286.0 | $ | ( i 1.1) | $ | i 25.0 | $ | ( i 66.7) | $ | i 243.2 | |||||||||||||||||||
| Crestwood Equity | |||||||||||||||||||||||||||||
| General and administrative expense | i — | i — | i — | i 3.2 | i 3.2 | ||||||||||||||||||||||||
Elimination
of loss on long-lived assets(1) | i — | i 53.3 | i — | i — | i 53.3 | ||||||||||||||||||||||||
| Other income, net | i — | i — | i — | i 0.2 | i 0.2 | ||||||||||||||||||||||||
| Crestwood Equity EBITDA | $ | i 286.0 | $ | i 52.2 | $ | i 25.0 | $ | ( i 69.7) | $ | i 293.5 | |||||||||||||||||||
| Six Months Ended June 30, 2021 | |||||||||||||||||||||||||||||
| Gathering and Processing North | Gathering and Processing South | Storage and Logistics | Corporate | Total | |||||||||||||||||||||||||
| Crestwood Midstream | |||||||||||||||||||||||||||||
| Revenues | $ | i 278.4 | $ | i 49.3 | $ | i 1,634.6 | $ | i — | $ | i 1,962.3 | |||||||||||||||||||
| Intersegment revenues | i 189.5 | i — | ( i 189.5) | i — | — | ||||||||||||||||||||||||
| Costs of product/services sold | i 236.7 | i 0.4 | i 1,373.9 | i — | i 1,611.0 | ||||||||||||||||||||||||
| Operations and maintenance expense | i 24.1 | i 12.0 | i 22.5 | i — | i 58.6 | ||||||||||||||||||||||||
| General and administrative expense | i — | i — | i — | i 36.9 | i 36.9 | ||||||||||||||||||||||||
| Gain (loss) on long-lived assets, net | i 0.1 | ( i 1.3) | i 0.1 | i — | ( i 1.1) | ||||||||||||||||||||||||
| Earnings (loss) from unconsolidated affiliates, net | i — | i 0.2 | ( i 131.0) | i — | ( i 130.8) | ||||||||||||||||||||||||
| Crestwood Midstream EBITDA | $ | i 207.2 | $ | i 35.8 | $ | ( i 82.2) | $ | ( i 36.9) | $ | i 123.9 | |||||||||||||||||||
| Crestwood Equity | |||||||||||||||||||||||||||||
| General and administrative expense | i — | i — | i — | i 4.6 | i 4.6 | ||||||||||||||||||||||||
| Other income, net | i — | i — | i — | i 0.1 | i 0.1 | ||||||||||||||||||||||||
| Crestwood Equity EBITDA | $ | i 207.2 | $ | i 35.8 | $ | ( i 82.2) | $ | ( i 41.4) | $ | i 119.4 | |||||||||||||||||||
| CEQP | CMLP | ||||||||||||||||||||||
| June 30, 2022 | December 31, 2021 | June 30, 2022 | December 31, 2021 | ||||||||||||||||||||
| Total Assets | |||||||||||||||||||||||
| Gathering and Processing North | $ | i 4,082.7 | $ | i 2,408.0 | $ | i 4,082.7 | $ | i 2,408.0 | |||||||||||||||
| Gathering and Processing South | i 1,006.2 | i 886.5 | i 1,077.9 | i 1,017.4 | |||||||||||||||||||
| Storage and Logistics | i 1,091.7 | i 1,125.1 | i 1,091.7 | i 1,125.1 | |||||||||||||||||||
| Corporate | i 22.2 | i 26.1 | i 16.4 | i 20.7 | |||||||||||||||||||
| Total Assets | $ | i 6,202.8 | $ | i 4,445.7 | $ | i 6,268.7 | $ | i 4,571.2 | |||||||||||||||
| June 30, 2022 | December 31, 2021 | |||||||||||||
Contract assets (non-current) | $ | i 1.1 | $ | i 1.3 | ||||||||||
Contract
liabilities (current)(1) | $ | i 11.9 | $ | i 10.7 | ||||||||||
Contract
liabilities (non-current)(1) | $ | i 203.7 | $ | i 187.1 | ||||||||||
| Remainder of 2022 | $ | i 47.6 | |||
| 2023 | i 70.4 | ||||
| 2024 | i 45.8 | ||||
| 2025 | i 3.2 | ||||
| 2026 | i 0.5 | ||||
| Thereafter | i 1.3 | ||||
| Total | $ | i 168.8 | |||
| Three Months Ended June 30, 2022 | |||||||||||||||||||||||||||||
Gathering and Processing North | Gathering and Processing South | Storage and Logistics | Intersegment Elimination | Total | |||||||||||||||||||||||||
Topic 606 revenues | |||||||||||||||||||||||||||||
Gathering | |||||||||||||||||||||||||||||
Natural
gas | $ | i 32.9 | $ | i 24.5 | $ | i — | $ | i — | $ | i 57.4 | |||||||||||||||||||
Crude
oil | i 14.1 | i 1.9 | i — | i — | i 16.0 | ||||||||||||||||||||||||
Water | i 41.2 | i 3.3 | i — | i — | i 44.5 | ||||||||||||||||||||||||
Processing | |||||||||||||||||||||||||||||
Natural
gas | i 19.7 | i 1.2 | i — | i — | i 20.9 | ||||||||||||||||||||||||
Compression | |||||||||||||||||||||||||||||
Natural
gas | i — | i 3.1 | i — | i — | i 3.1 | ||||||||||||||||||||||||
Storage | |||||||||||||||||||||||||||||
Crude
oil | i 0.6 | i — | i 0.3 | ( i 0.1) | i 0.8 | ||||||||||||||||||||||||
NGLs | i — | i — | i 1.9 | i — | i 1.9 | ||||||||||||||||||||||||
Pipeline | |||||||||||||||||||||||||||||
Crude
oil | i — | i — | i 0.4 | i — | i 0.4 | ||||||||||||||||||||||||
NGLs | i — | i — | i 0.1 | i — | i 0.1 | ||||||||||||||||||||||||
Transportation | |||||||||||||||||||||||||||||
Crude
oil | i 1.5 | i 0.3 | i — | ( i 0.1) | i 1.7 | ||||||||||||||||||||||||
NGLs | i — | i — | i 5.5 | i — | i 5.5 | ||||||||||||||||||||||||
Product
Sales | |||||||||||||||||||||||||||||
Natural gas | i 95.6 | i 0.6 | i 160.9 | ( i 73.5) | i 183.6 | ||||||||||||||||||||||||
Crude
oil | i 145.9 | i — | i 393.5 | ( i 12.9) | i 526.5 | ||||||||||||||||||||||||
NGLs | i 77.5 | i — | i 461.2 | ( i 65.0) | i 473.7 | ||||||||||||||||||||||||
Water | i 1.3 | i — | i — | i — | i 1.3 | ||||||||||||||||||||||||
Other | i 0.4 | i — | i — | i — | i 0.4 | ||||||||||||||||||||||||
Total
Topic 606 revenues | i 430.7 | i 34.9 | i 1,023.8 | ( i 151.6) | i 1,337.8 | ||||||||||||||||||||||||
Non-Topic
606 revenues | i 0.3 | i 0.4 | i 109.5 | i — | i 110.2 | ||||||||||||||||||||||||
Total
revenues | $ | i 431.0 | $ | i 35.3 | $ | i 1,133.3 | $ | ( i 151.6) | $ | i 1,448.0 | |||||||||||||||||||
| Three Months Ended June 30, 2021 | |||||||||||||||||||||||||||||
Gathering and Processing North | Gathering
and Processing South | Storage and Logistics | Intersegment Elimination | Total | |||||||||||||||||||||||||
Topic 606 revenues | |||||||||||||||||||||||||||||
Gathering | |||||||||||||||||||||||||||||
Natural
gas | $ | i 13.6 | $ | i 19.7 | $ | i — | $ | i — | $ | i 33.3 | |||||||||||||||||||
Crude
oil | i 18.4 | i — | i — | i — | i 18.4 | ||||||||||||||||||||||||
Water | i 22.7 | i — | i — | i — | i 22.7 | ||||||||||||||||||||||||
Processing | |||||||||||||||||||||||||||||
Natural
gas | i 6.1 | i 1.2 | i — | i — | i 7.3 | ||||||||||||||||||||||||
Compression | |||||||||||||||||||||||||||||
Natural
gas | i — | i 3.7 | i — | i — | i 3.7 | ||||||||||||||||||||||||
Storage | |||||||||||||||||||||||||||||
Crude
oil | i 0.1 | i — | i 0.1 | ( i 0.1) | i 0.1 | ||||||||||||||||||||||||
NGLs | i — | i — | i 2.4 | i — | i 2.4 | ||||||||||||||||||||||||
Pipeline | |||||||||||||||||||||||||||||
Crude
oil | i — | i — | i 0.6 | i — | i 0.6 | ||||||||||||||||||||||||
NGLs | i — | i — | i 0.1 | i — | i 0.1 | ||||||||||||||||||||||||
Transportation | |||||||||||||||||||||||||||||
Crude
oil | i 0.4 | i — | i — | i — | i 0.4 | ||||||||||||||||||||||||
NGLs | i — | i — | i 4.2 | i — | i 4.2 | ||||||||||||||||||||||||
Rail
Loading | |||||||||||||||||||||||||||||
Crude oil | i — | i — | i 1.2 | i — | i 1.2 | ||||||||||||||||||||||||
Product
Sales | |||||||||||||||||||||||||||||
Natural gas | i 26.7 | i 0.1 | i 44.3 | ( i 26.8) | i 44.3 | ||||||||||||||||||||||||
Crude
oil | i 101.7 | i — | i 344.4 | ( i 14.7) | i 431.4 | ||||||||||||||||||||||||
NGLs | i 42.9 | i — | i 304.8 | ( i 42.6) | i 305.1 | ||||||||||||||||||||||||
Other | i — | i — | i 0.7 | i — | i 0.7 | ||||||||||||||||||||||||
Total
Topic 606 revenues | i 232.6 | i 24.7 | i 702.8 | ( i 84.2) | i 875.9 | ||||||||||||||||||||||||
Non-Topic
606 revenues | i 0.2 | i — | i 53.5 | i — | i 53.7 | ||||||||||||||||||||||||
Total
revenues | $ | i 232.8 | $ | i 24.7 | $ | i 756.3 | $ | ( i 84.2) | $ | i 929.6 | |||||||||||||||||||
| Six Months Ended June 30, 2022 | |||||||||||||||||||||||||||||
Gathering and Processing North | Gathering
and Processing South | Storage and Logistics | Intersegment Elimination | Total | |||||||||||||||||||||||||
Topic 606 revenues | |||||||||||||||||||||||||||||
Gathering | |||||||||||||||||||||||||||||
Natural
gas | $ | i 58.8 | $ | i 46.9 | $ | i — | $ | i — | $ | i 105.7 | |||||||||||||||||||
Crude
oil | i 28.9 | i 2.9 | i — | i — | i 31.8 | ||||||||||||||||||||||||
Water | i 75.9 | i 5.5 | i — | i — | i 81.4 | ||||||||||||||||||||||||
Processing | |||||||||||||||||||||||||||||
Natural
gas | i 34.1 | i 2.3 | i — | i — | i 36.4 | ||||||||||||||||||||||||
Compression | |||||||||||||||||||||||||||||
Natural
gas | i — | i 6.6 | i — | i — | i 6.6 | ||||||||||||||||||||||||
Storage | |||||||||||||||||||||||||||||
Crude
oil | i 1.1 | i — | i 0.3 | ( i 0.2) | i 1.2 | ||||||||||||||||||||||||
NGLs | i — | i — | i 4.7 | i — | i 4.7 | ||||||||||||||||||||||||
Pipeline | |||||||||||||||||||||||||||||
Crude
oil | i — | i — | i 0.9 | i — | i 0.9 | ||||||||||||||||||||||||
NGLs | i — | i — | i 0.1 | i — | i 0.1 | ||||||||||||||||||||||||
Transportation | |||||||||||||||||||||||||||||
Crude
oil | i 2.7 | i 0.4 | i — | ( i 0.1) | i 3.0 | ||||||||||||||||||||||||
NGLs | i — | i — | i 11.3 | i — | i 11.3 | ||||||||||||||||||||||||
Rail
Loading | |||||||||||||||||||||||||||||
Crude oil | i — | i — | i 0.4 | i — | i 0.4 | ||||||||||||||||||||||||
Product
Sales | |||||||||||||||||||||||||||||
Natural gas | i 159.5 | i 0.9 | i 259.6 | ( i 125.6) | i 294.4 | ||||||||||||||||||||||||
Crude
oil | i 274.0 | i — | i 767.5 | ( i 24.1) | i 1,017.4 | ||||||||||||||||||||||||
NGLs | i 154.4 | i — | i 1,093.9 | ( i 129.0) | i 1,119.3 | ||||||||||||||||||||||||
Water | i 2.9 | i — | i — | i — | i 2.9 | ||||||||||||||||||||||||
Other | i 0.6 | i — | i 0.3 | i — | i 0.9 | ||||||||||||||||||||||||
Total
Topic 606 revenues | i 792.9 | i 65.5 | i 2,139.0 | ( i 279.0) | i 2,718.4 | ||||||||||||||||||||||||
Non-Topic
606 revenues | i 0.7 | i 0.5 | i 312.2 | i — | i 313.4 | ||||||||||||||||||||||||
Total
revenues | $ | i 793.6 | $ | i 66.0 | $ | i 2,451.2 | $ | ( i 279.0) | $ | i 3,031.8 | |||||||||||||||||||
| Six Months Ended June 30, 2021 | |||||||||||||||||||||||||||||
Gathering and Processing North | Gathering
and Processing South | Storage and Logistics | Intersegment Elimination | Total | |||||||||||||||||||||||||
Topic 606 revenues | |||||||||||||||||||||||||||||
Gathering | |||||||||||||||||||||||||||||
Natural
gas | $ | i 26.8 | $ | i 37.9 | $ | i — | $ | i — | $ | i 64.7 | |||||||||||||||||||
Crude
oil | i 39.1 | i — | i — | i — | i 39.1 | ||||||||||||||||||||||||
Water | i 44.7 | i — | i — | i — | i 44.7 | ||||||||||||||||||||||||
Processing | |||||||||||||||||||||||||||||
Natural
gas | i 11.9 | i 2.4 | i — | i — | i 14.3 | ||||||||||||||||||||||||
Compression | |||||||||||||||||||||||||||||
Natural
gas | i — | i 8.4 | i — | i — | i 8.4 | ||||||||||||||||||||||||
Storage | |||||||||||||||||||||||||||||
Crude
oil | i 0.2 | i — | i 0.3 | ( i 0.2) | i 0.3 | ||||||||||||||||||||||||
NGLs | i — | i — | i 6.1 | i — | i 6.1 | ||||||||||||||||||||||||
Pipeline | |||||||||||||||||||||||||||||
Crude
oil | i — | i — | i 1.4 | i — | i 1.4 | ||||||||||||||||||||||||
NGLs | i — | i — | i 0.1 | i — | i 0.1 | ||||||||||||||||||||||||
Transportation | |||||||||||||||||||||||||||||
Crude
oil | i 1.1 | i — | i — | i — | i 1.1 | ||||||||||||||||||||||||
NGLs | i — | i — | i 8.4 | i — | i 8.4 | ||||||||||||||||||||||||
Rail
Loading | |||||||||||||||||||||||||||||
Crude oil | i — | i — | i 2.2 | i — | i 2.2 | ||||||||||||||||||||||||
Product
Sales | |||||||||||||||||||||||||||||
Natural gas | i 69.0 | i 0.6 | i 139.9 | ( i 69.0) | i 140.5 | ||||||||||||||||||||||||
Crude
oil | i 191.7 | i — | i 595.6 | ( i 37.4) | i 749.9 | ||||||||||||||||||||||||
NGLs | i 83.2 | i — | i 710.8 | ( i 82.9) | i 711.1 | ||||||||||||||||||||||||
Other | i — | i — | i 0.9 | i — | i 0.9 | ||||||||||||||||||||||||
Total
Topic 606 revenues | i 467.7 | i 49.3 | i 1,465.7 | ( i 189.5) | i 1,793.2 | ||||||||||||||||||||||||
Non-Topic
606 revenues | i 0.2 | i — | i 168.9 | i — | i 169.1 | ||||||||||||||||||||||||
Total
revenues | $ | i 467.9 | $ | i 49.3 | $ | i 1,634.6 | $ | ( i 189.5) | $ | i 1,962.3 | |||||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||||||
| June 30, | June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
Revenues at CEQP and CMLP(1) | $ | i 134.2 | $ | i 13.2 | $ | i 231.9 | $ | i 18.1 | |||||||||||||||
Costs
of product/services sold at CEQP and CMLP(2) | $ | i 113.1 | $ | i 25.4 | $ | i 181.6 | $ | i 66.5 | |||||||||||||||
Operations
and maintenance expenses at CEQP and CMLP charged to our unconsolidated affiliates(3) | $ | i 5.0 | $ | i 6.0 | $ | i 9.8 | $ | i 11.7 | |||||||||||||||
General
and administrative expenses charged by CEQP to CMLP, net(4) | $ | i 7.5 | $ | i 6.6 | $ | i 15.0 | $ | i 12.5 | |||||||||||||||
General
and administrative expenses at CEQP and CMLP(5) | $ | i 0.4 | $ | i — | $ | i 1.3 | $ | i — | |||||||||||||||
| June 30, 2022 | December 31, 2021 | ||||||||||
| Accounts receivable at CEQP and CMLP | $ | i 72.6 | $ | i 8.2 | |||||||
| Accounts payable at CEQP and CMLP | $ | i 32.6 | $ | i 12.0 | |||||||
| Crestwood Equity | Crestwood Midstream | ||||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Six Months Ended | Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
| June 30, | June 30, | June 30, | June 30, | ||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||||||||||||||||||||
| Revenues | $ | 1,448.0 | $ | 929.6 | $ | 3,031.8 | $ | 1,962.3 | $ | 1,448.0 | $ | 929.6 | $ | 3,031.8 | $ | 1,962.3 | |||||||||||||||||||||||||||||||
Costs
of product/services sold | 1,213.2 | 797.2 | 2,577.6 | 1,611.0 | 1,213.2 | 797.2 | 2,577.6 | 1,611.0 | |||||||||||||||||||||||||||||||||||||||
| Operations and maintenance expense | 46.6 | 25.8 | 89.0 | 58.6 | 46.6 | 25.8 | 89.0 | 58.6 | |||||||||||||||||||||||||||||||||||||||
| General and administrative expense | 26.5 | 22.8 | 69.9 | 41.5 | 25.0 | 19.7 | 66.7 | 36.9 | |||||||||||||||||||||||||||||||||||||||
| Depreciation, amortization and accretion | 80.6 | 58.8 | 155.4 | 118.0 | 83.0 | 62.2 | 161.2 | 125.0 | |||||||||||||||||||||||||||||||||||||||
| (Gain) loss on long-lived assets, net | 7.2 | (0.3) | 11.0 | 1.1 | 60.5 | (0.3) | 64.3 | 1.1 | |||||||||||||||||||||||||||||||||||||||
| Operating income | 73.9 | 25.3 | 128.9 | 132.1 | 19.7 | 25.0 | 73.0 | 129.7 | |||||||||||||||||||||||||||||||||||||||
| Earnings (loss) from unconsolidated affiliates, net | 6.0 | (27.1) | 9.0 | (130.8) | 6.0 | (27.1) | 9.0 | (130.8) | |||||||||||||||||||||||||||||||||||||||
| Interest and debt expense, net | (40.1) | (35.1) | (76.2) | (71.1) | (40.1) | (35.1) | (76.2) | (71.1) | |||||||||||||||||||||||||||||||||||||||
Loss on modification/extinguishment
of debt | — | (1.2) | — | (6.7) | — | (1.2) | — | (6.7) | |||||||||||||||||||||||||||||||||||||||
| Other income (expense), net | (0.1) | 0.1 | 0.2 | 0.1 | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
| Provision for income taxes | (0.3) | (0.1) | (0.3) | — | (0.2) | (0.1) | (0.2) | — | |||||||||||||||||||||||||||||||||||||||
| Net income (loss) | 39.4 | (38.1) | 61.6 | (76.4) | (14.6) | (38.5) | 5.6 | (78.9) | |||||||||||||||||||||||||||||||||||||||
| Add: | |||||||||||||||||||||||||||||||||||||||||||||||
| Interest and debt expense, net | 40.1 | 35.1 | 76.2 | 71.1 | 40.1 | 35.1 | 76.2 | 71.1 | |||||||||||||||||||||||||||||||||||||||
Loss on modification/extinguishment of
debt | — | 1.2 | — | 6.7 | — | 1.2 | — | 6.7 | |||||||||||||||||||||||||||||||||||||||
| Provision for income taxes | 0.3 | 0.1 | 0.3 | — | 0.2 | 0.1 | 0.2 | — | |||||||||||||||||||||||||||||||||||||||
| Depreciation, amortization and accretion | 80.6 | 58.8 | 155.4 | 118.0 | 83.0 | 62.2 | 161.2 | 125.0 | |||||||||||||||||||||||||||||||||||||||
EBITDA | 160.4 | 57.1 | 293.5 | 119.4 | 108.7 | 60.1 | 243.2 | 123.9 | |||||||||||||||||||||||||||||||||||||||
| Unit-based compensation charges | 8.6 | 7.6 | 17.2 | 9.9 | 8.6 | 7.6 | 17.2 | 9.9 | |||||||||||||||||||||||||||||||||||||||
| (Gain) loss on long-lived assets, net | 7.2 | (0.3) | 11.0 | 1.1 | 60.5 | (0.3) | 64.3 | 1.1 | |||||||||||||||||||||||||||||||||||||||
| (Earnings) loss from unconsolidated affiliates, net | (6.0) | 27.1 | (9.0) | 130.8 | (6.0) | 27.1 | (9.0) | 130.8 | |||||||||||||||||||||||||||||||||||||||
Adjusted EBITDA from
unconsolidated affiliates, net | 10.9 | 21.0 | 18.5 | 46.7 | 10.9 | 21.0 | 18.5 | 46.7 | |||||||||||||||||||||||||||||||||||||||
Change in fair value of
commodity inventory-related derivative contracts | (4.9) | 32.6 | 0.8 | 2.1 | (4.9) | 32.6 | 0.8 | 2.1 | |||||||||||||||||||||||||||||||||||||||
Significant
transaction and environmental related costs and other items | 3.5 | 0.6 | 20.5 | 1.1 | 3.5 | (1.4) | 20.5 | (1.1) | |||||||||||||||||||||||||||||||||||||||
Adjusted
EBITDA | $ | 179.7 | $ | 145.7 | $ | 352.5 | $ | 311.1 | $ | 181.3 | $ | 146.7 | $ | 355.5 | $ | 313.4 | |||||||||||||||||||||||||||||||
| Crestwood Equity | Crestwood Midstream | ||||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Six Months Ended | Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
| June 30, | June 30, | June 30, | June 30, | ||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||||||||||||||||||||
| Net cash provided by operating activities | $ | 29.5 | $ | 35.0 | $ | 252.0 | $ | 293.5 | $ | 31.3 | $ | 38.0 | $ | 255.2 | $ | 297.2 | |||||||||||||||||||||||||||||||
Net
changes in operating assets and liabilities | 106.9 | 33.1 | (6.0) | (89.7) | 106.9 | 33.2 | (5.9) | (88.8) | |||||||||||||||||||||||||||||||||||||||
Amortization
of debt-related deferred costs | (0.4) | (1.7) | (1.2) | (3.4) | (0.4) | (1.7) | (1.2) | (3.4) | |||||||||||||||||||||||||||||||||||||||
| Interest and debt expense, net | 40.1 | 35.1 | 76.2 | 71.1 | 40.1 | 35.1 | 76.2 | 71.1 | |||||||||||||||||||||||||||||||||||||||
| Unit-based compensation charges | (8.6) | (7.6) | (17.2) | (9.9) | (8.6) | (7.6) | (17.2) | (9.9) | |||||||||||||||||||||||||||||||||||||||
| Gain (loss) on long-lived assets, net | (7.2) | 0.3 | (11.0) | (1.1) | (60.5) | 0.3 | (64.3) | (1.1) | |||||||||||||||||||||||||||||||||||||||
| Earnings (loss) from unconsolidated affiliates, net, adjusted for cash distributions received | (0.2) | (37.3) | 0.2 | (141.1) | (0.2) | (37.3) | 0.2 | (141.1) | |||||||||||||||||||||||||||||||||||||||
| Deferred income taxes | — | 0.1 | 0.1 | 0.1 | (0.1) | — | (0.1) | — | |||||||||||||||||||||||||||||||||||||||
| Provision for income taxes | 0.3 | 0.1 | 0.3 | — | 0.2 | 0.1 | 0.2 | — | |||||||||||||||||||||||||||||||||||||||
| Other non-cash income (expense) | — | — | 0.1 | (0.1) | — | — | 0.1 | (0.1) | |||||||||||||||||||||||||||||||||||||||
EBITDA | 160.4 | 57.1 | 293.5 | 119.4 | 108.7 | 60.1 | 243.2 | 123.9 | |||||||||||||||||||||||||||||||||||||||
| Unit-based compensation charges | 8.6 | 7.6 | 17.2 | 9.9 | 8.6 | 7.6 | 17.2 | 9.9 | |||||||||||||||||||||||||||||||||||||||
| (Gain) loss on long-lived assets, net | 7.2 | (0.3) | 11.0 | 1.1 | 60.5 | (0.3) | 64.3 | 1.1 | |||||||||||||||||||||||||||||||||||||||
| (Earnings) loss from unconsolidated affiliates, net | (6.0) | 27.1 | (9.0) | 130.8 | (6.0) | 27.1 | (9.0) | 130.8 | |||||||||||||||||||||||||||||||||||||||
Adjusted EBITDA from
unconsolidated affiliates, net | 10.9 | 21.0 | 18.5 | 46.7 | 10.9 | 21.0 | 18.5 | 46.7 | |||||||||||||||||||||||||||||||||||||||
Change in fair value of
commodity inventory-related derivative contracts | (4.9) | 32.6 | 0.8 | 2.1 | (4.9) | 32.6 | 0.8 | 2.1 | |||||||||||||||||||||||||||||||||||||||
Significant
transaction and environmental related costs and other items | 3.5 | 0.6 | 20.5 | 1.1 | 3.5 | (1.4) | 20.5 | (1.1) | |||||||||||||||||||||||||||||||||||||||
Adjusted
EBITDA | $ | 179.7 | $ | 145.7 | $ | 352.5 | $ | 311.1 | $ | 181.3 | $ | 146.7 | $ | 355.5 | $ | 313.4 | |||||||||||||||||||||||||||||||
| Three Months Ended | Three Months Ended | ||||||||||||||||||||||||||||||||||
| June 30, 2022 | June 30, 2021 | ||||||||||||||||||||||||||||||||||
| Gathering and Processing North | Gathering and Processing South | Storage and Logistics | Gathering and Processing North | Gathering and Processing South | Storage and Logistics | ||||||||||||||||||||||||||||||
| Revenues | $ | 279.4 | $ | 35.3 | $ | 1,133.3 | $ | 148.6 | $ | 24.7 | $ | 756.3 | |||||||||||||||||||||||
Intersegment
revenues | 151.6 | — | (151.6) | 84.2 | — | (84.2) | |||||||||||||||||||||||||||||
Costs of product/services sold | 250.8 | 0.6 | 961.8 | 120.5 | 0.1 | 676.6 | |||||||||||||||||||||||||||||
Operations
and maintenance expenses | 27.5 | 7.6 | 11.5 | 9.0 | 5.7 | 11.1 | |||||||||||||||||||||||||||||
| Gain (loss) on long-lived assets, net | — | (60.4) | (0.1) | 0.3 | — | — | |||||||||||||||||||||||||||||
| Earnings (loss) from unconsolidated affiliates, net | — | 4.8 | 1.2 | — | 1.0 | (28.1) | |||||||||||||||||||||||||||||
| Crestwood Midstream EBITDA | $ | 152.7 | $ | (28.5) | $ | 9.5 | $ | 103.6 | $ | 19.9 | $ | (43.7) | |||||||||||||||||||||||
Elimination
of loss on long-lived assets(1) | — | 53.3 | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||||
| Crestwood Equity EBITDA | $ | 152.7 | $ | 24.8 | $ | 9.5 | $ | 103.6 | $ | 19.9 | $ | (43.7) | |||||||||||||||||||||||
| Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||
| June 30, 2022 | June 30, 2021 | ||||||||||||||||||||||||||||||||||
| Gathering and Processing North | Gathering and Processing South | Storage and Logistics | Gathering and Processing North | Gathering and Processing South | Storage and Logistics | ||||||||||||||||||||||||||||||
| Revenues | $ | 514.6 | $ | 66.0 | $ | 2,451.2 | $ | 278.4 | $ | 49.3 | $ | 1,634.6 | |||||||||||||||||||||||
Intersegment
revenues | 279.0 | — | (279.0) | 189.5 | — | (189.5) | |||||||||||||||||||||||||||||
Costs of product/services sold | 456.4 | — | 2,121.2 | 236.7 | 0.4 | 1,373.9 | |||||||||||||||||||||||||||||
Operations
and maintenance expenses | 51.2 | 14.3 | 23.5 | 24.1 | 12.0 | 22.5 | |||||||||||||||||||||||||||||
| Gain (loss) on long-lived assets, net | — | (60.2) | (4.1) | 0.1 | (1.3) | 0.1 | |||||||||||||||||||||||||||||
Earnings
(loss) from unconsolidated affiliates, net | — | 7.4 | 1.6 | — | 0.2 | (131.0) | |||||||||||||||||||||||||||||
| Crestwood Midstream EBITDA | $ | 286.0 | $ | (1.1) | $ | 25.0 | $ | 207.2 | $ | 35.8 | $ | (82.2) | |||||||||||||||||||||||
Elimination
of loss on long-lived assets(1) | — | 53.3 | — | — | — | — | |||||||||||||||||||||||||||||
| Crestwood Equity EBITDA | $ | 286.0 | $ | 52.2 | $ | 25.0 | $ | 207.2 | $ | 35.8 | $ | (82.2) | |||||||||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||||||
| June 30, | June 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| Credit facility | $ | 5.3 | $ | 5.4 | $ | 8.7 | $ | 8.9 | |||||||||||||||
| Senior notes | 35.1 | 27.0 | 67.2 | 56.8 | |||||||||||||||||||
| Other | 0.4 | 2.7 | 1.3 | 5.6 | |||||||||||||||||||
Gross interest and debt
expense | 40.8 | 35.1 | 77.2 | 71.3 | |||||||||||||||||||
| Less: capitalized interest | 0.7 | — | 1.0 | 0.2 | |||||||||||||||||||
Interest
and debt expense, net | $ | 40.1 | $ | 35.1 | $ | 76.2 | $ | 71.1 | |||||||||||||||
| Six Months Ended | |||||||||||
| June 30, | |||||||||||
| 2022 | 2021 | ||||||||||
| Net cash provided by operating activities | $ | 252.0 | $ | 293.5 | |||||||
| Net cash provided by (used in) investing activities | $ | (206.4) | $ | 1.9 | |||||||
| Net cash used in financing activities | $ | (45.1) | $ | (292.8) | |||||||
Growth capital(1) | $ | 66.8 | |||
| Maintenance capital | 8.8 | ||||
Other(2) | 2.6 | ||||
| Purchases of property, plant and equipment | $ | 78.2 | |||
| June 30, 2022 | December 31, 2021 | ||||||||||
| Current assets | $ | 835.2 | $ | 574.3 | |||||||
| Current assets - affiliates | $ | 71.2 | $ | 8.4 | |||||||
| Property, plant and equipment, net | $ | 3,058.5 | $ | 2,161.5 | |||||||
| Non-current assets | $ | 1,121.7 | $ | 642.3 | |||||||
| Current liabilities | $ | 602.8 | $ | 578.9 | |||||||
| Current liabilities - affiliates | $ | 37.0 | $ | 14.7 | |||||||
| Long-term debt, less current portion | $ | 2,929.3 | $ | 2,052.1 | |||||||
| Non-current liabilities | $ | 139.5 | $ | 138.7 | |||||||
| Six Months Ended June 30, 2022 | |||||
| Revenues | $ | 2,762.6 | |||
| Revenues - affiliates | $ | 231.9 | |||
| Cost of products/services sold | $ | 2,371.8 | |||
| Cost of products/services sold - affiliates | $ | 181.6 | |||
Operations and maintenance expenses(1) | $ | 78.3 | |||
General and administrative expenses(2) | $ | 66.7 | |||
| Operating income | $ | 100.5 | |||
| Net income | $ | 24.1 | |||
| Exhibit Number | Description | |||||||
| 2.1 | ||||||||
| 2.2 | ||||||||
| 2.3 | ||||||||
| 3.1 | ||||||||
| 3.2 | ||||||||
| 3.3 | ||||||||
| 3.4 | ||||||||
| 3.5 | ||||||||
| 3.6 | ||||||||
| 3.7 | ||||||||
| 3.8 | ||||||||
| 3.9 | ||||||||
| 3.10 | ||||||||
| 3.11 | ||||||||
| 3.12 | ||||||||
| 3.13 | ||||||||
| 3.14 | ||||||||
| 3.15 | ||||||||
| 3.16 | ||||||||
| 3.17 | ||||||||
| 3.18 | ||||||||
| *4.1 | ||||||||
| *4.2 | ||||||||
| *4.3 | ||||||||
| *4.4 | ||||||||
| *4.5 | ||||||||
| *4.6 | ||||||||
| 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: | July 28, 2022 | By: | /s/ ROBERT T. HALPIN | ||||||||||||||
| Robert T. Halpin | |||||||||||||||||
| 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: | July 28, 2022 | By: | /s/ ROBERT T. HALPIN | ||||||||||||||
| Robert T. Halpin | |||||||||||||||||
| President and Chief Financial Officer | |||||||||||||||||
| (Duly Authorized Officer and Principal Financial Officer) | |||||||||||||||||
| This ‘10-Q’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 4/1/29 | ||||
| 2/1/29 | ||||
| 12/31/22 | ||||
| 8/12/22 | ||||
| 8/5/22 | ||||
| Filed on: | 7/28/22 | |||
| 7/22/22 | ||||
| 7/14/22 | 3, 4 | |||
| 7/11/22 | 3, 8-K | |||
| 7/1/22 | 4, 8-K | |||
| For Period end: | 6/30/22 | |||
| 6/17/22 | ||||
| 5/13/22 | ||||
| 5/6/22 | ||||
| 3/31/22 | 10-Q, DEFR14A | |||
| 2/25/22 | 10-K | |||
| 2/14/22 | 4, S-3ASR | |||
| 2/7/22 | ||||
| 2/1/22 | 3, 4, 8-K | |||
| 12/31/21 | 10-K | |||
| 10/25/21 | 8-K | |||
| 8/1/21 | ||||
| 6/30/21 | 10-Q | |||
| 5/14/21 | ||||
| 5/7/21 | ||||
| 3/31/21 | 10-Q, 4, 8-K | |||
| 2/12/21 | SC 13G | |||
| 2/5/21 | ||||
| 1/1/21 | ||||
| 12/31/20 | 10-K | |||
| 8/5/20 | ||||
| 12/23/19 | ||||
| 8/1/12 | 8-K | |||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/27/23 Crestwood Equity Partners LP 10-K 12/31/22 127:21M 9/14/22 Crestwood Equity Partners LP 424B3 2:686K Donnelley … Solutions/FA 9/12/22 Crestwood Equity Partners LP 424B3 1:663K Donnelley … Solutions/FA |