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As Of Filer Filing For·On·As Docs:Size 11/03/22 Crestwood Equity Partners LP 10-Q 9/30/22 84:14M Crestwood Midstream Partners LP |
Document/Exhibit Description Pages Size
1: 10-Q Quarterly Report HTML 3.55M
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 88K
16: R2 Consolidated Balance Sheets HTML 153K
17: R3 Consolidated Balance Sheets (Parenthetical) HTML 33K
18: R4 Consolidated Statements of Operations HTML 164K
19: R5 Consolidated Statement of Partners' Capital HTML 130K
20: R6 Consolidated Statements of Cash Flows HTML 136K
21: R7 Organization and Business Description HTML 28K
22: R8 Basis of Presentation and Summary of Significant HTML 26K
Accounting Policies
23: R9 Acquisitions and Divestitures HTML 90K
24: R10 Certain Balance Sheet Information HTML 55K
25: R11 Investments in Unconsolidated Affiliates HTML 75K
26: R12 Risk Management HTML 53K
27: R13 Fair Value Measurements HTML 104K
28: R14 Long-Term Debt HTML 48K
29: R15 Commitments and Contingencies HTML 40K
30: R16 Leases HTML 67K
31: R17 Partners' Capital HTML 57K
32: R18 Earnings Per Limited Partner Unit HTML 38K
33: R19 Segments HTML 218K
34: R20 Revenues HTML 270K
35: R21 Related Party Transactions HTML 55K
36: R22 Basis of Presentation and Summary of Significant HTML 24K
Accounting Policies (Policies)
37: R23 Acquisitions and Divestitures (Tables) HTML 74K
38: R24 Certain Balance Sheet Information (Tables) HTML 56K
39: R25 Investments in Unconsolidated Affiliates (Tables) HTML 75K
40: R26 Risk Management (Tables) HTML 52K
41: R27 Fair Value Measurements (Tables) HTML 100K
42: R28 Long-Term Debt (Tables) HTML 41K
43: R29 Commitments and Contingencies (Tables) HTML 31K
44: R30 Leases (Tables) HTML 43K
45: R31 Partners' Capital (Tables) HTML 50K
46: R32 Earnings Per Limited Partner Unit (Tables) HTML 36K
47: R33 Segments (Tables) HTML 213K
48: R34 Revenue Recognition (Tables) HTML 269K
49: R35 Related Party Transactions (Tables) HTML 53K
50: R36 Organization and Business Description (Details) HTML 29K
51: R37 Acquisitions and Divestitures (Details) HTML 283K
52: R38 Certain Balance Sheet Information (Details) HTML 66K
53: R39 Investments in Unconsolidated Affiliates (Net HTML 93K
Investments In and Earnings (Loss) from
Unconsolidated Affiliates) (Details)
54: R40 Investments in Unconsolidated Affiliates HTML 47K
(Distributions and Contributions) (Details)
55: R41 Risk Management (Risk Management Activities) HTML 29K
(Details)
56: R42 Risk Management (Notional Amounts and Terms of HTML 33K
Company's Derivative Financial Instruments)
(Details)
57: R43 Risk Management (Schedule of Derivative HTML 43K
Instruments in Statement of Financial Position,
Fair Value) (Details)
58: R44 Risk Management (Narrative) (Details) HTML 28K
59: R45 Fair Value Measurements (Assets And Liabilities HTML 64K
Measured At Fair Value On Recurring Basis)
(Details)
60: R46 Fair Value Measurements (Schedule of Carrying HTML 37K
Values and Estimated Fair Values of Senior Notes)
(Details)
61: R47 Long-Term Debt (Components Of Long-Term Debt) HTML 58K
(Details)
62: R48 Long-Term Debt (Narrative) (Details) HTML 167K
63: R49 Commitments and Contingencies (Details) HTML 40K
64: R50 Commitments and Contingencies (Environmental HTML 36K
Compliance) (Details)
65: R51 Commitments and Contingencies (Self Insurance) HTML 30K
(Details)
66: R52 Leases (Details) HTML 77K
67: R53 Partners' Capital (Schedule of Partners' Capital HTML 34K
Account, Distributions) (Details)
68: R54 Partners' Capital (Components of Net Income (Loss) HTML 27K
Attributable to Non-Controlling Interests)
(Details)
69: R55 Partners' Capital (Narrative) (Details) HTML 165K
70: R56 Partners' Capital Rollforward of non-controlling HTML 36K
interest (Details)
71: R57 Earnings Per Limited Partner Unit (Details) HTML 35K
72: R58 Segments (Reconciliation of Net Income (Loss) to HTML 62K
EBITDA) (Details)
73: R59 Segments (Summary Of Segment Information) HTML 146K
(Details)
74: R60 Segments (Narrative) (Details) HTML 44K
75: R61 Revenues (Narrative) (Details) HTML 23K
76: R62 Revenues (Contract Assets and Liabilities) HTML 35K
(Details)
77: R63 Revenues (Disaggregation of Revenue) (Details) HTML 196K
78: R64 Revenues (Remaining Performance Obligations) HTML 45K
(Details)
79: R65 Related Party Transactions (Details) HTML 142K
82: XML IDEA XML File -- Filing Summary XML 149K
80: XML XBRL Instance -- ceqp-20220930_htm XML 5.05M
81: EXCEL IDEA Workbook of Financial Reports XLSX 207K
11: EX-101.CAL XBRL Calculations -- ceqp-20220930_cal XML 214K
12: EX-101.DEF XBRL Definitions -- ceqp-20220930_def XML 1.27M
13: EX-101.LAB XBRL Labels -- ceqp-20220930_lab XML 1.77M
14: EX-101.PRE XBRL Presentations -- ceqp-20220930_pre XML 1.35M
10: EX-101.SCH XBRL Schema -- ceqp-20220930 XSD 186K
83: JSON XBRL Instance as JSON Data -- MetaLinks 421± 641K
84: ZIP XBRL Zipped Folder -- 0001136352-22-000014-xbrl Zip 624K
| ceqp-20220930 |
| 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 104,652,379 | |||||||
| Crestwood Midstream Partners LP | i None | |||||||
| Page | |||||
| September
30, 2022 | December 31, 2021 | ||||||||||
| (unaudited) | |||||||||||
| Assets | |||||||||||
| Current assets: | |||||||||||
| Cash | $ | i 6.4 | $ | i 13.3 | |||||||
Accounts
receivable, less allowance for doubtful accounts of $ i i 0.6 /
million at both September 30, 2022 and December 31, 2021 | i 479.8 | i 378.0 | |||||||||
| Inventory | i 159.1 | i 156.5 | |||||||||
| Assets from price risk management activities | i 112.7 | i 42.1 | |||||||||
| Assets held for sale, net | i 205.7 | i — | |||||||||
| Prepaid expenses and other current assets | i 9.2 | i 14.8 | |||||||||
| Total current assets | i 972.9 | i 604.7 | |||||||||
| Property, plant and equipment | i 5,141.4 | i 3,771.5 | |||||||||
| Less: accumulated depreciation | i 752.1 | i 992.1 | |||||||||
| Property, plant and equipment, net | i 4,389.3 | i 2,779.4 | |||||||||
| Intangible assets | i 1,420.2 | i 1,126.1 | |||||||||
| Less: accumulated amortization | i 285.1 | i 393.2 | |||||||||
| Intangible assets, net | i 1,135.1 | i 732.9 | |||||||||
| Goodwill | i 251.3 | i 138.6 | |||||||||
| Operating lease right-of-use assets, net | i 18.6 | i 27.4 | |||||||||
| Investments in unconsolidated affiliates | i 121.4 | i 155.8 | |||||||||
| Other non-current assets | i 10.8 | i 6.9 | |||||||||
| Total assets | $ | i 6,899.4 | $ | i 4,445.7 | |||||||
| Liabilities and capital | |||||||||||
| Current liabilities: | |||||||||||
| Accounts payable | $ | i 386.2 | $ | i 336.5 | |||||||
| Accrued expenses and other liabilities | i 204.5 | i 147.1 | |||||||||
| Liabilities from price risk management activities | i 36.9 | i 114.6 | |||||||||
| Current portion of long-term debt | i — | i 0.2 | |||||||||
| Total current liabilities | i 627.6 | i 598.4 | |||||||||
| Long-term debt, less current portion | i 3,570.0 | i 2,052.1 | |||||||||
| Other long-term liabilities | i 325.7 | i 258.7 | |||||||||
| Deferred income taxes | i 3.5 | i 2.3 | |||||||||
| Total liabilities | i 4,526.8 | 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 104,651,317 /
and i i 62,991,511 /
common units issued and outstanding at September 30, 2022 and December 31, 2021) | i 1,326.2 | i 487.6 | |||||||||
Preferred
units ( i i i i 71,257,445 / / /
units issued and outstanding at both September 30, 2022 and December 31, 2021) | i 612.0 | i 612.0 | |||||||||
| Total partners’ capital | i 1,938.2 | i 1,099.6 | |||||||||
| Total liabilities and capital | $ | i 6,899.4 | $ | i 4,445.7 | |||||||
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, | |||||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||
| Revenues: | ||||||||||||||||||||||||||
| Product revenues | $ | i 1,332.8 | $ | i 1,120.8 | $ | i 3,938.3 | $ | i 2,872.1 | ||||||||||||||||||
Product
revenues - related party (Note 15) | i 83.2 | i 6.5 | i 222.7 | i 24.2 | ||||||||||||||||||||||
| Service revenues | i 92.4 | i 98.4 | i 286.8 | i 291.3 | ||||||||||||||||||||||
Service
revenues - related party (Note 15) | i 57.6 | i 0.6 | i 150.0 | i 1.0 | ||||||||||||||||||||||
| Total revenues | i 1,566.0 | i 1,226.3 | i 4,597.8 | i 3,188.6 | ||||||||||||||||||||||
Costs
of product/services sold (exclusive of items shown separately below): | ||||||||||||||||||||||||||
Product costs | i 1,228.6 | i 1,060.2 | i 3,613.4 | i 2,595.8 | ||||||||||||||||||||||
Product
costs - related party (Note 15) | i 51.3 | i 34.8 | i 232.9 | i 101.3 | ||||||||||||||||||||||
| Service costs | i 6.9 | i 4.3 | i 18.1 | i 13.2 | ||||||||||||||||||||||
| Total costs of products/services sold | i 1,286.8 | i 1,099.3 | i 3,864.4 | i 2,710.3 | ||||||||||||||||||||||
| Operating expenses and other: | ||||||||||||||||||||||||||
| Operations and maintenance | i 55.0 | i 31.6 | i 144.0 | i 90.2 | ||||||||||||||||||||||
| General and administrative | i 33.9 | i 25.9 | i 103.8 | i 67.4 | ||||||||||||||||||||||
| Depreciation, amortization and accretion | i 86.9 | i 64.6 | i 242.3 | i 182.6 | ||||||||||||||||||||||
| Loss on long-lived assets, net | i 175.9 | i 18.5 | i 186.9 | i 19.6 | ||||||||||||||||||||||
| Gain on acquisition | ( i 75.3) | i — | ( i 75.3) | i — | ||||||||||||||||||||||
| i 276.4 | i 140.6 | i 601.7 | i 359.8 | |||||||||||||||||||||||
| Operating income (loss) | i 2.8 | ( i 13.6) | i 131.7 | i 118.5 | ||||||||||||||||||||||
| Earnings (loss) from unconsolidated affiliates, net | i 3.2 | i 4.9 | i 12.2 | ( i 125.9) | ||||||||||||||||||||||
| Interest and debt expense, net | ( i 47.6) | ( i 30.9) | ( i 123.8) | ( i 102.0) | ||||||||||||||||||||||
| Loss on modification/extinguishment of debt | i — | i — | i — | ( i 6.7) | ||||||||||||||||||||||
| Other income, net | i — | i 0.1 | i 0.2 | i 0.2 | ||||||||||||||||||||||
| Income (loss) before income taxes | ( i 41.6) | ( i 39.5) | i 20.3 | ( i 115.9) | ||||||||||||||||||||||
| Provision for income taxes | ( i 1.4) | ( i 0.1) | ( i 1.7) | ( i 0.1) | ||||||||||||||||||||||
| Net income (loss) | ( i 43.0) | ( i 39.6) | i 18.6 | ( i 116.0) | ||||||||||||||||||||||
| Net income attributable to non-controlling partner | i 10.3 | i 10.3 | i 30.8 | i 30.7 | ||||||||||||||||||||||
| Net loss attributable to Crestwood Equity Partners LP | ( i 53.3) | ( i 49.9) | ( i 12.2) | ( i 146.7) | ||||||||||||||||||||||
Net
income attributable to preferred units | i 15.0 | i 15.0 | i 45.0 | i 45.0 | ||||||||||||||||||||||
| Net loss attributable to partners | $ | ( i 68.3) | $ | ( i 64.9) | $ | ( i 57.2) | $ | ( i 191.7) | ||||||||||||||||||
Net
loss per limited partner unit: (Note 12) | ||||||||||||||||||||||||||
| Basic and Diluted | $ | ( i i 0.64 / ) | $ | ( i i 1.03 / ) | $ | ( i i 0.59 / ) | $ | ( i i 2.88 / ) | ||||||||||||||||||
Weighted-average
limited partners’ units outstanding: | ||||||||||||||||||||||||||
| Basic and Diluted | i i 107.1 / | i i 62.9 / | i i 97.1 / | i i 66.6 / | ||||||||||||||||||||||
| 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 | ||||||||||||||||||||||||
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 charges | — | — | — | 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 | |||||||||||||||||||||
| 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 | |||||||||||||||||||||||||||||
Distributions
to partners | — | ( i 15.0) | — | — | ( i 39.3) | ( i 54.3) | |||||||||||||||||||||||||||||
Unit-based
compensation charges | — | — | i 0.1 | — | i 9.6 | i 9.6 | |||||||||||||||||||||||||||||
Taxes
paid for unit-based compensation vesting | — | — | — | — | ( i 0.1) | ( i 0.1) | |||||||||||||||||||||||||||||
Other | — | — | — | — | ( i 1.1) | ( i 1.1) | |||||||||||||||||||||||||||||
| Net income (loss) | — | i 15.0 | — | — | ( i 64.9) | ( i 49.9) | |||||||||||||||||||||||||||||
| Balance at September 30, 2021 | i 71.3 | $ | i 612.0 | i 62.9 | i — | $ | i 464.3 | $ | i 1,076.3 | ||||||||||||||||||||||||||
CRESTWOOD EQUITY PARTNERS LP CONSOLIDATED STATEMENTS OF CASH FLOWS (in
millions) (unaudited) | |||||||||||
| Nine Months Ended | |||||||||||
| September 30, | |||||||||||
| 2022 | 2021 | ||||||||||
| Operating activities | |||||||||||
| Net income (loss) | $ | i 18.6 | $ | ( i 116.0) | |||||||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||||||||
| Depreciation, amortization and accretion | i 242.3 | i 182.6 | |||||||||
| Amortization of debt-related deferred costs and fair value adjustment | i 1.7 | i 5.1 | |||||||||
| Unit-based compensation charges | i 26.8 | i 22.8 | |||||||||
| Loss on long-lived assets, net | i 186.9 | i 19.6 | |||||||||
| Gain on acquisition | ( i 75.3) | i — | |||||||||
| Loss on modification/extinguishment of debt | i — | i 6.7 | |||||||||
| (Earnings) loss from unconsolidated affiliates, net, adjusted for cash distributions received | ( i 0.9) | i 137.5 | |||||||||
| Deferred income taxes | i 1.1 | ( i 0.4) | |||||||||
| Other | i — | i 0.2 | |||||||||
| Changes in operating assets and liabilities | ( i 123.9) | i 114.8 | |||||||||
| Net cash provided by operating activities | i 277.3 | i 372.9 | |||||||||
| Investing activities | |||||||||||
Acquisitions, net of cash acquired (Note 3) | ( i 604.3) | i — | |||||||||
| Purchases of property, plant and equipment | ( i 147.3) | ( i 55.8) | |||||||||
| Investments in unconsolidated affiliates | ( i 90.2) | ( i 10.2) | |||||||||
| Capital distributions from unconsolidated affiliates | i 9.4 | i 648.4 | |||||||||
| Net proceeds from sale of assets | i 315.2 | i 0.5 | |||||||||
| Net cash provided by (used in) investing activities | ( i 517.2) | i 582.9 | |||||||||
| Financing activities | |||||||||||
| Proceeds from the issuance of long-term debt | i 3,072.0 | i 2,236.4 | |||||||||
| Payments on long-term debt | ( i 2,393.1) | ( i 2,695.9) | |||||||||
| Payments on finance leases | ( i 31.3) | ( i 2.1) | |||||||||
| Payments for deferred financing costs | ( i 1.8) | ( i 11.1) | |||||||||
| Net proceeds from issuance of non-controlling interest | i — | i 1.0 | |||||||||
| Payments for Crestwood Holdings Transactions | i — | ( i 275.6) | |||||||||
| Purchase of common units | ( i 123.7) | i — | |||||||||
| Distributions to partners | ( i 196.7) | ( i 125.0) | |||||||||
| Distributions to non-controlling partner | ( i 31.0) | ( i 29.9) | |||||||||
| Distributions to preferred unitholders | ( i 45.0) | ( i 45.0) | |||||||||
| Taxes paid for unit-based compensation vesting | ( i 15.8) | ( i 8.3) | |||||||||
| Other | ( i 0.6) | i — | |||||||||
| Net cash provided by (used in) financing activities | i 233.0 | ( i 955.5) | |||||||||
| Net change in cash | ( i 6.9) | i 0.3 | |||||||||
| Cash at beginning of period | i 13.3 | i 14.0 | |||||||||
| Cash at end of period | $ | i 6.4 | $ | i 14.3 | |||||||
| Supplemental schedule of noncash investing activities | |||||||||||
| Net change to property, plant and equipment through accounts payable and accrued expenses | $ | i 19.9 | $ | ( i 9.2) | |||||||
| September
30, 2022 | December 31, 2021 | ||||||||||
| (unaudited) | |||||||||||
| Assets | |||||||||||
| Current assets: | |||||||||||
| Cash | $ | i 5.8 | $ | i 12.9 | |||||||
Accounts
receivable, less allowance for doubtful accounts of $ i i 0.6 /
million at both September 30, 2022 and December 31, 2021 | i 479.8 | i 378.0 | |||||||||
| Inventory | i 159.1 | i 156.5 | |||||||||
| Assets from price risk management activities | i 112.7 | i 42.1 | |||||||||
| Assets held for sale, net | i 205.7 | i — | |||||||||
| Prepaid expenses and other current assets | i 9.2 | i 14.4 | |||||||||
| Total current assets | i 972.3 | i 603.9 | |||||||||
| Property, plant and equipment | i 5,138.2 | i 4,100.8 | |||||||||
| Less: accumulated depreciation | i 752.0 | i 1,193.0 | |||||||||
| Property, plant and equipment, net | i 4,386.2 | i 2,907.8 | |||||||||
| Intangible assets | i 1,420.2 | i 1,126.1 | |||||||||
| Less: accumulated amortization | i 285.1 | i 393.2 | |||||||||
| Intangible assets, net | i 1,135.1 | i 732.9 | |||||||||
| Goodwill | i 251.3 | i 138.6 | |||||||||
| Operating lease right-of-use assets, net | i 18.6 | i 27.4 | |||||||||
| Investments in unconsolidated affiliates | i 121.4 | i 155.8 | |||||||||
| Other non-current assets | i 8.7 | i 4.8 | |||||||||
| Total assets | $ | i 6,893.6 | $ | i 4,571.2 | |||||||
| Liabilities and capital | |||||||||||
| Current liabilities: | |||||||||||
| Accounts payable | $ | i 386.1 | $ | i 336.4 | |||||||
| Accrued expenses and other liabilities | i 203.3 | i 146.1 | |||||||||
| Liabilities from price risk management activities | i 36.9 | i 114.6 | |||||||||
| Current portion of long-term debt | i — | i 0.2 | |||||||||
| Total current liabilities | i 626.3 | i 597.3 | |||||||||
| Long-term debt, less current portion | i 3,570.0 | i 2,052.1 | |||||||||
| Other long-term liabilities | i 323.6 | i 254.1 | |||||||||
| Deferred income taxes | i 2.2 | i 0.8 | |||||||||
| Total liabilities | i 4,522.1 | 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 1,937.1 | i 1,232.3 | |||||||||
| Total liabilities and capital | $ | i 6,893.6 | $ | i 4,571.2 | |||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
| September 30, | September 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| Revenues: | |||||||||||||||||||||||
| Product revenues | $ | i 1,332.8 | $ | i 1,120.8 | $ | i 3,938.3 | $ | i 2,872.1 | |||||||||||||||
Product
revenues - related party (Note 15) | i 83.2 | i 6.5 | i 222.7 | i 24.2 | |||||||||||||||||||
| Service revenues | i 92.4 | i 98.4 | i 286.8 | i 291.3 | |||||||||||||||||||
Service
revenues - related party (Note 15) | i 57.6 | i 0.6 | i 150.0 | i 1.0 | |||||||||||||||||||
| Total revenues | i 1,566.0 | i 1,226.3 | i 4,597.8 | i 3,188.6 | |||||||||||||||||||
Costs
of product/services sold (exclusive of items shown separately below): | |||||||||||||||||||||||
| Product costs | i 1,228.6 | i 1,060.2 | i 3,613.4 | i 2,595.8 | |||||||||||||||||||
Product
costs - related party (Note 15) | i 51.3 | i 34.8 | i 232.9 | i 101.3 | |||||||||||||||||||
| Service costs | i 6.9 | i 4.3 | i 18.1 | i 13.2 | |||||||||||||||||||
| Total costs of product/services sold | i 1,286.8 | i 1,099.3 | i 3,864.4 | i 2,710.3 | |||||||||||||||||||
| Operating expenses and other: | |||||||||||||||||||||||
| Operations and maintenance | i 55.0 | i 31.6 | i 144.0 | i 90.2 | |||||||||||||||||||
| General and administrative | i 32.3 | i 24.4 | i 99.0 | i 61.3 | |||||||||||||||||||
| Depreciation, amortization and accretion | i 86.8 | i 68.2 | i 248.0 | i 193.2 | |||||||||||||||||||
| Loss on long-lived assets, net | i 247.6 | i 18.5 | i 311.9 | i 19.6 | |||||||||||||||||||
| Gain on acquisition | ( i 75.3) | i — | ( i 75.3) | i — | |||||||||||||||||||
| i 346.4 | i 142.7 | i 727.6 | i 364.3 | ||||||||||||||||||||
| Operating income (loss) | ( i 67.2) | ( i 15.7) | i 5.8 | i 114.0 | |||||||||||||||||||
| Earnings (loss) from unconsolidated affiliates, net | i 3.2 | i 4.9 | i 12.2 | ( i 125.9) | |||||||||||||||||||
| Interest and debt expense, net | ( i 47.6) | ( i 30.9) | ( i 123.8) | ( i 102.0) | |||||||||||||||||||
| Loss on modification/extinguishment of debt | i — | i — | i — | ( i 6.7) | |||||||||||||||||||
| Loss before income taxes | ( i 111.6) | ( i 41.7) | ( i 105.8) | ( i 120.6) | |||||||||||||||||||
| Provision for income taxes | ( i 1.4) | ( i 0.1) | ( i 1.6) | ( i 0.1) | |||||||||||||||||||
| Net loss | ( i 113.0) | ( i 41.8) | ( i 107.4) | ( i 120.7) | |||||||||||||||||||
| Net income attributable to non-controlling partner | i 10.3 | i 10.3 | i 30.8 | i 30.7 | |||||||||||||||||||
| Net loss attributable to Crestwood Midstream Partners LP | $ | ( i 123.3) | $ | ( i 52.1) | $ | ( i 138.2) | $ | ( i 151.4) | |||||||||||||||
| 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 | |||||||||||||
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 charges | 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 | ||||||||||||
| 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 | |||||||||||||
| Distributions to partners | ( i 55.9) | |||||||||||||
| Unit-based compensation charges | i 9.6 | |||||||||||||
| Taxes paid for unit-based compensation vesting | ( i 0.1) | |||||||||||||
| Net loss | ( i 52.1) | |||||||||||||
| Balance at September 30, 2021 | $ | i 1,213.5 | ||||||||||||
| Nine Months Ended | |||||||||||
| September 30, | |||||||||||
| 2022 | 2021 | ||||||||||
| Operating activities | |||||||||||
| Net loss | $ | ( i 107.4) | $ | ( i 120.7) | |||||||
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||||||||||
| Depreciation, amortization and accretion | i 248.0 | i 193.2 | |||||||||
| Amortization of debt-related deferred costs and fair value adjustment | i 1.7 | i 5.1 | |||||||||
| Unit-based compensation charges | i 26.8 | i 22.8 | |||||||||
| Loss on long-lived assets, net | i 311.9 | i 19.6 | |||||||||
| Gain on acquisition | ( i 75.3) | i — | |||||||||
| Loss on modification/extinguishment of debt | i — | i 6.7 | |||||||||
| (Earnings) loss from unconsolidated affiliates, net, adjusted for cash distributions received | ( i 0.9) | i 137.5 | |||||||||
| Deferred income taxes | i 1.2 | i — | |||||||||
| Other | i — | i 0.2 | |||||||||
Changes
in operating assets and liabilities | ( i 123.9) | i 114.1 | |||||||||
| Net cash provided by operating activities | i 282.1 | i 378.5 | |||||||||
| Investing activities | |||||||||||
Acquisition, net of cash acquired (Note 3) | ( i 602.7) | i — | |||||||||
| Purchases of property, plant and equipment | ( i 146.6) | ( i 55.8) | |||||||||
| Investments in unconsolidated affiliates | ( i 90.2) | ( i 10.2) | |||||||||
| Capital distributions from unconsolidated affiliates | i 9.4 | i 648.4 | |||||||||
| Net proceeds from sale of assets | i 315.2 | i 0.5 | |||||||||
| Net cash provided by (used in) investing activities | ( i 514.9) | i 582.9 | |||||||||
| Financing activities | |||||||||||
Proceeds from the issuance of long-term debt | i 3,072.0 | i 2,236.4 | |||||||||
| Payments on long-term debt | ( i 2,393.1) | ( i 2,695.9) | |||||||||
| Payments on finance leases | ( i 31.3) | ( i 2.1) | |||||||||
| Payments for deferred financing costs | ( i 1.8) | ( i 11.1) | |||||||||
| Net proceeds from issuance of non-controlling interest | i — | i 1.0 | |||||||||
| Contributions from partner | i 164.3 | i — | |||||||||
| Distributions to partners | ( i 537.6) | ( i 451.3) | |||||||||
| Distributions to non-controlling partner | ( i 31.0) | ( i 29.9) | |||||||||
| Taxes paid for unit-based compensation vesting | ( i 15.8) | ( i 8.3) | |||||||||
| Net cash provided by (used in) financing activities | i 225.7 | ( i 961.2) | |||||||||
| Net change in cash | ( i 7.1) | i 0.2 | |||||||||
| Cash at beginning of period | i 12.9 | i 13.7 | |||||||||
| Cash at end of period | $ | i 5.8 | $ | i 13.9 | |||||||
| Supplemental schedule of non-cash investing activities | |||||||||||
Net change to property, plant and equipment through accounts payable and accrued expenses | $ | i 19.9 | $ | ( i 9.2) | |||||||
| 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 | ||||||
| Cash | $ | i 28.5 | ||||||
| Other current assets | i 77.9 | |||||||
| Property, plant and equipment | i 440.2 | |||||||
| Intangible assets | i 138.9 | |||||||
| Other non-current assets | i 0.2 | |||||||
| Total assets acquired | i 685.7 | |||||||
| Current liabilities | i 64.1 | |||||||
Long-term
liabilities(1) | i 17.8 | |||||||
| Total liabilities assumed | i 81.9 | |||||||
| Net assets acquired excluding goodwill | i 603.8 | |||||||
| Goodwill | i 27.4 | |||||||
| Total purchase price | $ | i 631.2 | ||||||
| Cash | $ | i 149.4 | ||||||
| Other current assets | i 83.3 | |||||||
| Property, plant and equipment | i 453.4 | |||||||
| Intangible assets | i 16.5 | |||||||
| Investment in unconsolidated affiliate | i 78.6 | |||||||
| Goodwill | i 29.1 | |||||||
| Other non-current assets | i 4.9 | |||||||
| Total assets acquired | i 815.2 | |||||||
| Current liabilities | i 80.4 | |||||||
| Long-term debt | i 140.2 | |||||||
Other
long-term liabilities(1) | i 47.9 | |||||||
| Total liabilities assumed | i 268.5 | |||||||
| Estimated fair value of 100% of interest in Crestwood Permian | i 546.7 | |||||||
| Less: | ||||||||
| Elimination of equity interest in Crestwood Permian | i 194.7 | |||||||
| Gain on acquisition of Crestwood Permian | i 75.3 | |||||||
| Total purchase price | $ | i 276.7 | ||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||
| 2021 | 2022 | 2021 | ||||||||||||||||||
| Revenues | $ | i 1,398.3 | $ | i 4,832.0 | $ | i 3,626.1 | ||||||||||||||
| Net income (loss) | $ | ( i 23.6) | $ | i 45.1 | $ | ( i 65.1) | ||||||||||||||
| Net loss per limited partner unit: | ||||||||||||||||||||
| Basic and Diluted | $ | ( i i 0.45 / ) | $ | ( i i 0.28 / ) | $ | ( i i 1.26 / ) | ||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||
| 2021 | 2022 | 2021 | ||||||||||||||||||
| Revenues | $ | i 1,398.3 | $ | i 4,832.0 | $ | i 3,626.1 | ||||||||||||||
| Net loss | $ | ( i 25.8) | $ | ( i 156.2) | $ | ( i 69.8) | ||||||||||||||
| September 30, | December 31, | |||||||||||||
| 2022 | 2021 | |||||||||||||
| CMLP | ||||||||||||||
| Accrued expenses | $ | i 71.9 | $ | i 66.3 | ||||||||||
| Accrued property taxes | i 8.5 | i 4.4 | ||||||||||||
| Income tax payable | i 0.7 | i 0.4 | ||||||||||||
| Interest payable | i 56.6 | i 30.6 | ||||||||||||
| Accrued additions to property, plant and equipment | i 42.6 | i 17.4 | ||||||||||||
| Operating leases | i 8.2 | i 13.2 | ||||||||||||
| Finance leases | i 2.2 | i 1.7 | ||||||||||||
| Contract liabilities | i 12.2 | i 10.7 | ||||||||||||
| Asset retirement obligations | i 0.4 | i 1.4 | ||||||||||||
| Total CMLP accrued expenses and other liabilities | $ | i 203.3 | $ | i 146.1 | ||||||||||
| CEQP | ||||||||||||||
| Accrued expenses | i 1.1 | i 0.9 | ||||||||||||
| Income tax payable | i 0.1 | i 0.1 | ||||||||||||
| Total CEQP accrued expenses and other liabilities | $ | i 204.5 | $ | i 147.1 | ||||||||||
| September 30, | December 31, | ||||||||||
| 2022 | 2021 | ||||||||||
| CMLP | |||||||||||
| Contract liabilities | $ | i 209.1 | $ | i 187.1 | |||||||
| Intangible liabilities | i 51.7 | i — | |||||||||
| Asset retirement obligations | i 33.9 | i 34.8 | |||||||||
| Operating leases | i 14.5 | i 19.4 | |||||||||
| Other | i 14.4 | i 12.8 | |||||||||
| Total CMLP other long-term liabilities | $ | i 323.6 | $ | i 254.1 | |||||||
| CEQP | |||||||||||
| Other | i 2.1 | i 4.6 | |||||||||
| Total CEQP other long-term liabilities | $ | i 325.7 | $ | i 258.7 | |||||||
| 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, | ||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||||||||||||||||
Crestwood Permian Basin Holdings LLC(1) | $ | i — | $ | i 116.1 | $ | i 1.3 | $ | i 4.2 | $ | i 8.7 | $ | i 4.4 | |||||||||||||||||||||||||||||
Crestwood
Permian Basin LLC(2) | i 77.1 | i — | i 0.7 | i — | i 0.7 | i — | |||||||||||||||||||||||||||||||||||
Tres
Palacios Holdings LLC(3) | i 41.2 | i 36.2 | i 1.3 | ( i 0.1) | i 3.2 | i 9.1 | |||||||||||||||||||||||||||||||||||
Powder
River Basin Industrial Complex, LLC(4) | i 3.1 | i 3.5 | ( i 0.1) | ( i 0.1) | ( i 0.4) | i — | |||||||||||||||||||||||||||||||||||
Stagecoach
Gas Services LLC(5) | i — | i — | i — | i 0.9 | i — | ( i 139.4) | |||||||||||||||||||||||||||||||||||
| Total | $ | i 121.4 | $ | i 155.8 | $ | i 3.2 | $ | i 4.9 | $ | i 12.2 | $ | ( i 125.9) | |||||||||||||||||||||||||||||
Distributions(1) | Contributions | |||||||||||||||||||||||||||||||||||||
| Nine Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||||||
| September 30, | September 30, | |||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||
| Crestwood Permian | $ | i 13.6 | $ | i 8.9 | $ | i 83.5 | $ | i 3.3 | ||||||||||||||||||||||||||||||
| Crestwood Permian Basin | i 2.2 | i — | i — | i — | ||||||||||||||||||||||||||||||||||
| Tres Holdings | i 4.9 | i 13.1 | i 6.7 | i 6.9 | ||||||||||||||||||||||||||||||||||
| PRBIC | i — | i 0.1 | i — | i — | ||||||||||||||||||||||||||||||||||
| Stagecoach Gas | i — | i 640.9 | i — | i — | ||||||||||||||||||||||||||||||||||
| Total | $ | i 20.7 | $ | i 663.0 | $ | i 90.2 | $ | i 10.2 | ||||||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
| September 30, | September 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| Product revenues | $ | i 84.7 | $ | i 129.4 | $ | i 395.7 | $ | i 296.9 | |||||||||||||||
| Gain (loss) reflected in product costs | $ | i 45.0 | $ | ( i 53.4) | $ | ( i 6.3) | $ | ( i 94.8) | |||||||||||||||
| September 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 66.1 | i 69.8 | i 71.6 | i 75.8 | |||||||||||||||||||
| Natural gas (Bcf) | i 38.0 | i 43.2 | i 31.9 | i 43.4 | |||||||||||||||||||
| September 30, 2022 | December 31, 2021 | ||||||||||
Aggregate fair value liability of derivative instruments with credit-risk-related contingent features(1) | $ | i 15.6 | $ | i 57.9 | |||||||
| Broker-related net derivative asset (liability) position | $ | ( i 24.0) | $ | i 104.8 | |||||||
| Broker-related cash collateral posted (received) | $ | i 57.4 | $ | ( i 76.8) | |||||||
| Cash collateral received, net | $ | i 29.7 | $ | i 11.4 | |||||||
| September 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 36.7 | $ | i 656.3 | $ | i — | $ | i 693.0 | $ | ( i 584.5) | $ | i 4.2 | $ | i 112.7 | |||||||||||||||||||||||||||
Other
investments(2) | i 2.4 | i — | i — | i 2.4 | — | — | i 2.4 | ||||||||||||||||||||||||||||||||||
| Total assets at fair value | $ | i 39.1 | $ | i 656.3 | $ | i — | $ | i 695.4 | $ | ( i 584.5) | $ | i 4.2 | $ | i 115.1 | |||||||||||||||||||||||||||
| Liabilities | |||||||||||||||||||||||||||||||||||||||||
| Liabilities from price risk management | $ | i 49.7 | $ | i 595.2 | $ | i — | $ | i 644.9 | $ | ( i 584.5) | $ | ( i 23.5) | $ | i 36.9 | |||||||||||||||||||||||||||
| Total liabilities at fair value | $ | i 49.7 | $ | i 595.2 | $ | i — | $ | i 644.9 | $ | ( i 584.5) | $ | ( i 23.5) | $ | i 36.9 | |||||||||||||||||||||||||||
| 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 | |||||||||||||||||||||||||||
| September 30, 2022 | December 31, 2021 | ||||||||||||||||||||||
| Carrying Amount | Fair Value | Carrying Amount | Fair Value | ||||||||||||||||||||
| 2025 Senior Notes | $ | i 497.3 | $ | i 473.5 | $ | i 496.5 | $ | i 511.9 | |||||||||||||||
| 2027 Senior Notes | $ | i 595.1 | $ | i 545.6 | $ | i 594.2 | $ | i 615.0 | |||||||||||||||
| February 2029 Senior Notes | $ | i 691.8 | $ | i 627.2 | $ | i 690.8 | $ | i 727.3 | |||||||||||||||
April
2029 Senior Notes(1) | $ | i 477.8 | $ | i 433.1 | $ | i — | $ | i — | |||||||||||||||
| September 30, 2022 | December
31, 2021 | ||||||||||
| CMLP Credit Facility | $ | i 1,102.6 | $ | i 282.0 | |||||||
| CPBH Credit Facility | i 216.7 | i — | |||||||||
| 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 27.8 | i — | |||||||||
| Other | i — | i 0.2 | |||||||||
| Less: deferred financing costs, net | i 27.1 | i 29.9 | |||||||||
| Total debt | i 3,570.0 | i 2,052.3 | |||||||||
| Less: current portion | i — | i 0.2 | |||||||||
| Total long-term debt, less current portion | $ | i 3,570.0 | $ | i 2,052.1 | |||||||
| CEQP | CMLP | ||||||||||||||||||||||
| September
30, 2022 | December 31, 2021 | September 30, 2022 | December 31, 2021 | ||||||||||||||||||||
Self-insurance reserves(1) | $ | i 5.4 | $ | i 5.5 | $ | i 4.5 | $ | i 4.7 | |||||||||||||||
| September 30, 2022 | December 31, 2021 | ||||||||||
| Operating Leases | |||||||||||
| Operating lease right-of-use assets, net | $ | i 18.6 | $ | i 27.4 | |||||||
| Accrued expenses and other liabilities | $ | i 8.2 | $ | i 13.2 | |||||||
| Other long-term liabilities | i 14.5 | i 19.4 | |||||||||
| Total operating lease liabilities | $ | i 22.7 | $ | i 32.6 | |||||||
| Finance Leases | |||||||||||
| Property, plant and equipment | $ | i 14.6 | $ | i 12.3 | |||||||
| Less: accumulated depreciation | i 9.5 | i 9.2 | |||||||||
| Property, plant and equipment, net | $ | i 5.1 | $ | i 3.1 | |||||||
| Accrued expenses and other liabilities | $ | i 2.2 | $ | i 1.7 | |||||||
| Other long-term liabilities | i 2.7 | i 1.2 | |||||||||
| Total finance lease liabilities | $ | i 4.9 | $ | 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 August 5, 2022 | i August 12, 2022 | $ | i 0.655 | i 71.6 | ||||||||||||||||
| $ | i 196.7 | |||||||||||||||||||
| 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 August 6, 2021 | i August 13, 2021 | $ | i 0.625 | i 39.3 | ||||||||||||||||
| $ | i 125.0 | |||||||||||||||||||
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 | ||||||
| Balance at December 31, 2020 | $ | i 432.7 | ||||||
| Contributions from non-controlling partner | i 1.0 | |||||||
| Distributions to non-controlling partner | ( i 29.9) | |||||||
| Net income attributable to non-controlling partner | i 30.7 | |||||||
Balance
at September 30, 2021 | $ | i 434.5 | ||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
| September 30, | September 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 3.9 | i 3.9 | i 3.9 | i 3.9 | |||||||||||||||||||
Unit-based
compensation performance units(1) | i 0.1 | i 0.2 | i 0.2 | i 0.1 | |||||||||||||||||||
Subordinated
units(2) | i — | i — | i — | i 0.1 | |||||||||||||||||||
| CEQP | CMLP | ||||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
| September 30, | September 30, | September 30, | September 30, | ||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||||||||||||||||||||
| Net income (loss) | $ | ( i 43.0) | $ | ( i 39.6) | $ | i 18.6 | $ | ( i 116.0) | $ | ( i 113.0) | $ | ( i 41.8) | $ | ( i 107.4) | $ | ( i 120.7) | |||||||||||||||||||||||||||||||
| Add: | |||||||||||||||||||||||||||||||||||||||||||||||
| Interest and debt expense, net | i 47.6 | i 30.9 | i 123.8 | i 102.0 | i 47.6 | i 30.9 | i 123.8 | i 102.0 | |||||||||||||||||||||||||||||||||||||||
| Loss on modification/extinguishment of debt | i — | i — | i — | i 6.7 | i — | i — | i — | i 6.7 | |||||||||||||||||||||||||||||||||||||||
| Provision for income taxes | i 1.4 | i 0.1 | i 1.7 | i 0.1 | i 1.4 | i 0.1 | i 1.6 | i 0.1 | |||||||||||||||||||||||||||||||||||||||
| Depreciation, amortization and accretion | i 86.9 | i 64.6 | i 242.3 | i 182.6 | i 86.8 | i 68.2 | i 248.0 | i 193.2 | |||||||||||||||||||||||||||||||||||||||
| EBITDA | $ | i 92.9 | $ | i 56.0 | $ | i 386.4 | $ | i 175.4 | $ | i 22.8 | $ | i 57.4 | $ | i 266.0 | $ | i 181.3 | |||||||||||||||||||||||||||||||
| 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 | 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 | |||||||||||||||||||
| Three Months Ended September 30, 2021 | |||||||||||||||||||||||||||||
| Gathering and Processing North | Gathering and Processing South | Storage and Logistics | Corporate | Total | |||||||||||||||||||||||||
| Crestwood Midstream | |||||||||||||||||||||||||||||
Revenues | $ | i 144.5 | $ | i 26.7 | $ | i 1,055.1 | $ | i — | $ | i 1,226.3 | |||||||||||||||||||
| Intersegment revenues, net | i 125.6 | i — | ( i 125.6) | i — | — | ||||||||||||||||||||||||
Costs
of product/services sold | i 149.7 | i 0.4 | i 949.2 | i — | i 1,099.3 | ||||||||||||||||||||||||
Operations
and maintenance expense | i 14.1 | i 5.4 | i 12.1 | i — | i 31.6 | ||||||||||||||||||||||||
General
and administrative expense | i — | i — | i — | i 24.4 | i 24.4 | ||||||||||||||||||||||||
| Gain (loss) on long-lived assets, net | i 0.1 | ( i 18.6) | i — | i — | ( i 18.5) | ||||||||||||||||||||||||
| Earnings from unconsolidated affiliates, net | i — | i 4.2 | i 0.7 | i — | i 4.9 | ||||||||||||||||||||||||
| Crestwood Midstream EBITDA | $ | i 106.4 | $ | i 6.5 | $ | ( i 31.1) | $ | ( i 24.4) | $ | i 57.4 | |||||||||||||||||||
| Crestwood Equity | |||||||||||||||||||||||||||||
| General and administrative expense | i — | i — | i — | i 1.5 | i 1.5 | ||||||||||||||||||||||||
| Other income, net | i — | i — | i — | i 0.1 | i 0.1 | ||||||||||||||||||||||||
| Crestwood Equity EBITDA | $ | i 106.4 | $ | i 6.5 | $ | ( i 31.1) | $ | ( i 25.8) | $ | i 56.0 | |||||||||||||||||||
| 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 | |||||||||||||||||||
| Nine Months Ended September 30, 2021 | |||||||||||||||||||||||||||||
| Gathering and Processing North | Gathering and Processing South | Storage and Logistics | Corporate | Total | |||||||||||||||||||||||||
| Crestwood Midstream | |||||||||||||||||||||||||||||
| Revenues | $ | i 422.9 | $ | i 76.0 | $ | i 2,689.7 | $ | i — | $ | i 3,188.6 | |||||||||||||||||||
| Intersegment revenues, net | i 315.1 | i — | ( i 315.1) | i — | — | ||||||||||||||||||||||||
| Costs of product/services sold | i 386.4 | i 0.8 | i 2,323.1 | i — | i 2,710.3 | ||||||||||||||||||||||||
| Operations and maintenance expense | i 38.2 | i 17.4 | i 34.6 | i — | i 90.2 | ||||||||||||||||||||||||
| General and administrative expense | i — | i — | i — | i 61.3 | i 61.3 | ||||||||||||||||||||||||
| Gain (loss) on long-lived assets, net | i 0.2 | ( i 19.9) | i 0.1 | i — | ( i 19.6) | ||||||||||||||||||||||||
| Earnings (loss) from unconsolidated affiliates, net | i — | i 4.4 | ( i 130.3) | i — | ( i 125.9) | ||||||||||||||||||||||||
| Crestwood Midstream EBITDA | $ | i 313.6 | $ | i 42.3 | $ | ( i 113.3) | $ | ( i 61.3) | $ | i 181.3 | |||||||||||||||||||
| Crestwood Equity | |||||||||||||||||||||||||||||
| General and administrative expense | i — | i — | i — | i 6.1 | i 6.1 | ||||||||||||||||||||||||
| Other income, net | i — | i — | i — | i 0.2 | i 0.2 | ||||||||||||||||||||||||
| Crestwood Equity EBITDA | $ | i 313.6 | $ | i 42.3 | $ | ( i 113.3) | $ | ( i 67.2) | $ | i 175.4 | |||||||||||||||||||
| CEQP | CMLP | ||||||||||||||||||||||
| September 30, 2022 | December 31, 2021 | September 30, 2022 | December 31, 2021 | ||||||||||||||||||||
| Total Assets | |||||||||||||||||||||||
| Gathering and Processing North | $ | i 4,072.4 | $ | i 2,408.0 | $ | i 4,072.4 | $ | i 2,408.0 | |||||||||||||||
| Gathering and Processing South | i 1,666.4 | i 886.5 | i 1,666.4 | i 1,017.4 | |||||||||||||||||||
| Storage and Logistics | i 1,131.1 | i 1,125.1 | i 1,131.1 | i 1,125.1 | |||||||||||||||||||
| Corporate | i 29.5 | i 26.1 | i 23.7 | i 20.7 | |||||||||||||||||||
| Total Assets | $ | i 6,899.4 | $ | i 4,445.7 | $ | i 6,893.6 | $ | i 4,571.2 | |||||||||||||||
| September 30, 2022 | December 31, 2021 | |||||||||||||
Contract assets (non-current)(1) | $ | i 5.6 | $ | i 1.3 | ||||||||||
Contract
liabilities (current)(2) | $ | i 12.2 | $ | i 10.7 | ||||||||||
Contract
liabilities (non-current)(2) | $ | i 209.1 | $ | i 187.1 | ||||||||||
| Remainder of 2022 | $ | i 23.3 | |||
| 2023 | i 70.4 | ||||
| 2024 | i 45.8 | ||||
| 2025 | i 2.3 | ||||
| 2026 | i 0.5 | ||||
| Thereafter | i 1.3 | ||||
| Total | $ | i 143.6 | |||
| 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 — | i — | i 0.6 | i — | i 0.6 | ||||||||||||||||||||||||
NGLs | i — | i 5.2 | i 0.1 | ( i 5.2) | i 0.1 | ||||||||||||||||||||||||
Transportation | |||||||||||||||||||||||||||||
Crude
oil | i 1.5 | i 0.1 | i — | i — | i 1.6 | ||||||||||||||||||||||||
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 | |||||||||||||||||||
| Three Months Ended September 30, 2021 | |||||||||||||||||||||||||||||
Gathering and Processing
North | Gathering and Processing South | Storage and Logistics | Intersegment Elimination | Total | |||||||||||||||||||||||||
Topic 606 revenues | |||||||||||||||||||||||||||||
Gathering | |||||||||||||||||||||||||||||
Natural
gas | $ | i 13.7 | $ | i 21.6 | $ | i — | $ | i — | $ | i 35.3 | |||||||||||||||||||
Crude
oil | i 17.1 | i — | i — | i — | i 17.1 | ||||||||||||||||||||||||
Water | i 24.8 | i — | i — | i — | i 24.8 | ||||||||||||||||||||||||
Processing | |||||||||||||||||||||||||||||
Natural
gas | i 5.8 | i 1.4 | i — | i — | i 7.2 | ||||||||||||||||||||||||
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 2.6 | i — | i 2.6 | ||||||||||||||||||||||||
Pipeline | |||||||||||||||||||||||||||||
Crude
oil | i — | i — | i 0.6 | i — | i 0.6 | ||||||||||||||||||||||||
Transportation | |||||||||||||||||||||||||||||
Crude
oil | i 0.8 | i — | i — | ( i 0.1) | i 0.7 | ||||||||||||||||||||||||
NGLs | i — | i — | i 4.1 | i — | i 4.1 | ||||||||||||||||||||||||
Rail
Loading | |||||||||||||||||||||||||||||
Crude oil | i — | i — | i 1.2 | i — | i 1.2 | ||||||||||||||||||||||||
Product
Sales | |||||||||||||||||||||||||||||
Natural gas | i 42.9 | i — | i 84.5 | ( i 42.7) | i 84.7 | ||||||||||||||||||||||||
Crude
oil | i 105.4 | i — | i 331.3 | ( i 25.1) | i 411.6 | ||||||||||||||||||||||||
NGLs | i 59.1 | i — | i 500.1 | ( i 57.6) | i 501.6 | ||||||||||||||||||||||||
Other | i — | i — | i 0.5 | i — | i 0.5 | ||||||||||||||||||||||||
Total
Topic 606 revenues | i 269.7 | i 26.7 | i 925.0 | ( i 125.6) | i 1,095.8 | ||||||||||||||||||||||||
Non-Topic
606 revenues | i 0.4 | i — | i 130.1 | i — | i 130.5 | ||||||||||||||||||||||||
Total
revenues | $ | i 270.1 | $ | i 26.7 | $ | i 1,055.1 | $ | ( i 125.6) | $ | i 1,226.3 | |||||||||||||||||||
| 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 — | i — | i 1.5 | i — | i 1.5 | ||||||||||||||||||||||||
NGLs | i — | i 5.2 | i 0.2 | ( i 5.2) | i 0.2 | ||||||||||||||||||||||||
Transportation | |||||||||||||||||||||||||||||
Crude
oil | i 4.2 | i 0.5 | i — | ( i 0.1) | i 4.6 | ||||||||||||||||||||||||
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 | |||||||||||||||||||
| Nine Months Ended September 30, 2021 | |||||||||||||||||||||||||||||
Gathering and Processing North | Gathering
and Processing South | Storage and Logistics | Intersegment Elimination | Total | |||||||||||||||||||||||||
Topic 606 revenues | |||||||||||||||||||||||||||||
Gathering | |||||||||||||||||||||||||||||
Natural
gas | $ | i 40.5 | $ | i 59.5 | $ | i — | $ | i — | $ | i 100.0 | |||||||||||||||||||
Crude
oil | i 56.2 | i — | i — | i — | i 56.2 | ||||||||||||||||||||||||
Water | i 69.5 | i — | i — | i — | i 69.5 | ||||||||||||||||||||||||
Processing | |||||||||||||||||||||||||||||
Natural
gas | i 17.7 | i 3.8 | i — | i — | i 21.5 | ||||||||||||||||||||||||
Compression | |||||||||||||||||||||||||||||
Natural
gas | i — | i 12.1 | i — | i — | i 12.1 | ||||||||||||||||||||||||
Storage | |||||||||||||||||||||||||||||
Crude
oil | i 0.3 | i — | i 0.4 | ( i 0.3) | i 0.4 | ||||||||||||||||||||||||
NGLs | i — | i — | i 8.7 | i — | i 8.7 | ||||||||||||||||||||||||
Pipeline | |||||||||||||||||||||||||||||
Crude
oil | i — | i — | i 2.0 | i — | i 2.0 | ||||||||||||||||||||||||
NGLs | i — | i — | i 0.1 | i — | i 0.1 | ||||||||||||||||||||||||
Transportation | |||||||||||||||||||||||||||||
Crude
oil | i 1.9 | i — | i — | ( i 0.1) | i 1.8 | ||||||||||||||||||||||||
NGLs | i — | i — | i 12.5 | i — | i 12.5 | ||||||||||||||||||||||||
Rail
Loading | |||||||||||||||||||||||||||||
Crude oil | i — | i — | i 3.4 | i — | i 3.4 | ||||||||||||||||||||||||
Product
Sales | |||||||||||||||||||||||||||||
Natural gas | i 111.9 | i 0.6 | i 224.4 | ( i 111.7) | i 225.2 | ||||||||||||||||||||||||
Crude
oil | i 297.1 | i — | i 926.9 | ( i 62.5) | i 1,161.5 | ||||||||||||||||||||||||
NGLs | i 142.3 | i — | i 1,210.9 | ( i 140.5) | i 1,212.7 | ||||||||||||||||||||||||
Other | i — | i — | i 1.4 | i — | i 1.4 | ||||||||||||||||||||||||
Total
Topic 606 revenues | i 737.4 | i 76.0 | i 2,390.7 | ( i 315.1) | i 2,889.0 | ||||||||||||||||||||||||
Non-Topic
606 revenues | i 0.6 | i — | i 299.0 | i — | i 299.6 | ||||||||||||||||||||||||
Total
revenues | $ | i 738.0 | $ | i 76.0 | $ | i 2,689.7 | $ | ( i 315.1) | $ | i 3,188.6 | |||||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
| September 30, | September 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
Revenues at CEQP and CMLP(1) | $ | i 140.8 | $ | i 7.1 | $ | i 372.7 | $ | i 25.2 | |||||||||||||||
Costs
of product/services sold at CEQP and CMLP(2) | $ | i 51.3 | $ | i 34.8 | $ | i 232.9 | $ | i 101.3 | |||||||||||||||
Operations
and maintenance expenses at CEQP and CMLP charged to our unconsolidated affiliates(3) | $ | i 2.6 | $ | i 5.1 | $ | i 12.4 | $ | i 16.8 | |||||||||||||||
General
and administrative expenses charged by CEQP to CMLP, net(4) | $ | i 8.5 | $ | i 11.9 | $ | i 23.5 | $ | i 24.4 | |||||||||||||||
General
and administrative expenses at CEQP and CMLP(5) | $ | i — | $ | i — | $ | i 1.3 | $ | i — | |||||||||||||||
| September 30, 2022 | December 31, 2021 | ||||||||||
| Accounts receivable at CEQP and CMLP | $ | i 1.6 | $ | i 8.2 | |||||||
| Accounts payable at CEQP and CMLP | $ | i 2.2 | $ | i 12.0 | |||||||
| Crestwood Equity | Crestwood Midstream | ||||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
| September 30, | September 30, | September 30, | September 30, | ||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||||||||||||||||||||
| Revenues | $ | 1,566.0 | $ | 1,226.3 | $ | 4,597.8 | $ | 3,188.6 | $ | 1,566.0 | $ | 1,226.3 | $ | 4,597.8 | $ | 3,188.6 | |||||||||||||||||||||||||||||||
| Costs of product/services sold | 1,286.8 | 1,099.3 | 3,864.4 | 2,710.3 | 1,286.8 | 1,099.3 | 3,864.4 | 2,710.3 | |||||||||||||||||||||||||||||||||||||||
| Operations and maintenance expense | 55.0 | 31.6 | 144.0 | 90.2 | 55.0 | 31.6 | 144.0 | 90.2 | |||||||||||||||||||||||||||||||||||||||
| General and administrative expense | 33.9 | 25.9 | 103.8 | 67.4 | 32.3 | 24.4 | 99.0 | 61.3 | |||||||||||||||||||||||||||||||||||||||
| Depreciation, amortization and accretion | 86.9 | 64.6 | 242.3 | 182.6 | 86.8 | 68.2 | 248.0 | 193.2 | |||||||||||||||||||||||||||||||||||||||
| Loss on long-lived assets, net | 175.9 | 18.5 | 186.9 | 19.6 | 247.6 | 18.5 | 311.9 | 19.6 | |||||||||||||||||||||||||||||||||||||||
| Gain on acquisition | (75.3) | — | (75.3) | — | (75.3) | — | (75.3) | — | |||||||||||||||||||||||||||||||||||||||
| Operating income (loss) | 2.8 | (13.6) | 131.7 | 118.5 | (67.2) | (15.7) | 5.8 | 114.0 | |||||||||||||||||||||||||||||||||||||||
| Earnings (loss) from unconsolidated affiliates, net | 3.2 | 4.9 | 12.2 | (125.9) | 3.2 | 4.9 | 12.2 | (125.9) | |||||||||||||||||||||||||||||||||||||||
| Interest and debt expense, net | (47.6) | (30.9) | (123.8) | (102.0) | (47.6) | (30.9) | (123.8) | (102.0) | |||||||||||||||||||||||||||||||||||||||
| Loss on modification/extinguishment of debt | — | — | — | (6.7) | — | — | — | (6.7) | |||||||||||||||||||||||||||||||||||||||
| Other income, net | — | 0.1 | 0.2 | 0.2 | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
| Provision for income taxes | (1.4) | (0.1) | (1.7) | (0.1) | (1.4) | (0.1) | (1.6) | (0.1) | |||||||||||||||||||||||||||||||||||||||
| Net income (loss) | (43.0) | (39.6) | 18.6 | (116.0) | (113.0) | (41.8) | (107.4) | (120.7) | |||||||||||||||||||||||||||||||||||||||
| Add: | |||||||||||||||||||||||||||||||||||||||||||||||
| Interest and debt expense, net | 47.6 | 30.9 | 123.8 | 102.0 | 47.6 | 30.9 | 123.8 | 102.0 | |||||||||||||||||||||||||||||||||||||||
| Loss on modification/extinguishment of debt | — | — | — | 6.7 | — | — | — | 6.7 | |||||||||||||||||||||||||||||||||||||||
| Provision for income taxes | 1.4 | 0.1 | 1.7 | 0.1 | 1.4 | 0.1 | 1.6 | 0.1 | |||||||||||||||||||||||||||||||||||||||
| Depreciation, amortization and accretion | 86.9 | 64.6 | 242.3 | 182.6 | 86.8 | 68.2 | 248.0 | 193.2 | |||||||||||||||||||||||||||||||||||||||
| EBITDA | 92.9 | 56.0 | 386.4 | 175.4 | 22.8 | 57.4 | 266.0 | 181.3 | |||||||||||||||||||||||||||||||||||||||
| Unit-based compensation charges | 9.6 | 12.9 | 26.8 | 22.8 | 9.6 | 12.9 | 26.8 | 22.8 | |||||||||||||||||||||||||||||||||||||||
| Loss on long-lived assets, net | 175.9 | 18.5 | 186.9 | 19.6 | 247.6 | 18.5 | 311.9 | 19.6 | |||||||||||||||||||||||||||||||||||||||
| Gain on acquisition | (75.3) | — | (75.3) | — | (75.3) | — | (75.3) | — | |||||||||||||||||||||||||||||||||||||||
| (Earnings) loss from unconsolidated affiliates, net | (3.2) | (4.9) | (12.2) | 125.9 | (3.2) | (4.9) | (12.2) | 125.9 | |||||||||||||||||||||||||||||||||||||||
| Adjusted EBITDA from unconsolidated affiliates, net | 5.7 | 9.8 | 24.2 | 56.5 | 5.7 | 9.8 | 24.2 | 56.5 | |||||||||||||||||||||||||||||||||||||||
| Change in fair value of commodity inventory-related derivative contracts | (5.4) | 46.8 | (4.6) | 48.9 | (5.4) | 46.8 | (4.6) | 48.9 | |||||||||||||||||||||||||||||||||||||||
| Significant transaction and environmental related costs and other items | 9.1 | 0.8 | 29.6 | 1.9 | 9.1 | 0.7 | 29.6 | (0.4) | |||||||||||||||||||||||||||||||||||||||
| Adjusted EBITDA | $ | 209.3 | $ | 139.9 | $ | 561.8 | $ | 451.0 | $ | 210.9 | $ | 141.2 | $ | 566.4 | $ | 454.6 | |||||||||||||||||||||||||||||||
| Crestwood Equity | Crestwood Midstream | ||||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
| September 30, | September 30, | September 30, | September 30, | ||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||||||||||||||||||||
| Net cash provided by operating activities | $ | 25.3 | $ | 79.4 | $ | 277.3 | $ | 372.9 | $ | 26.9 | $ | 81.3 | $ | 282.1 | $ | 378.5 | |||||||||||||||||||||||||||||||
Net
changes in operating assets and liabilities | 129.9 | (25.1) | 123.9 | (114.8) | 129.8 | (25.3) | 123.9 | (114.1) | |||||||||||||||||||||||||||||||||||||||
Amortization
of debt-related deferred costs | (0.5) | (1.7) | (1.7) | (5.1) | (0.5) | (1.7) | (1.7) | (5.1) | |||||||||||||||||||||||||||||||||||||||
| Interest and debt expense, net | 47.6 | 30.9 | 123.8 | 102.0 | 47.6 | 30.9 | 123.8 | 102.0 | |||||||||||||||||||||||||||||||||||||||
| Unit-based compensation charges | (9.6) | (12.9) | (26.8) | (22.8) | (9.6) | (12.9) | (26.8) | (22.8) | |||||||||||||||||||||||||||||||||||||||
| Loss on long-lived assets, net | (175.9) | (18.5) | (186.9) | (19.6) | (247.6) | (18.5) | (311.9) | (19.6) | |||||||||||||||||||||||||||||||||||||||
| Gain on acquisition | 75.3 | — | 75.3 | — | 75.3 | — | 75.3 | — | |||||||||||||||||||||||||||||||||||||||
| Earnings (loss) from unconsolidated affiliates, net, adjusted for cash distributions received | 0.7 | 3.6 | 0.9 | (137.5) | 0.7 | 3.6 | 0.9 | (137.5) | |||||||||||||||||||||||||||||||||||||||
| Deferred income taxes | (1.2) | 0.3 | (1.1) | 0.4 | (1.1) | — | (1.2) | — | |||||||||||||||||||||||||||||||||||||||
| Provision for income taxes | 1.4 | 0.1 | 1.7 | 0.1 | 1.4 | 0.1 | 1.6 | 0.1 | |||||||||||||||||||||||||||||||||||||||
| Other non-cash expense | (0.1) | (0.1) | — | (0.2) | (0.1) | (0.1) | — | (0.2) | |||||||||||||||||||||||||||||||||||||||
EBITDA | 92.9 | 56.0 | 386.4 | 175.4 | 22.8 | 57.4 | 266.0 | 181.3 | |||||||||||||||||||||||||||||||||||||||
| Unit-based compensation charges | 9.6 | 12.9 | 26.8 | 22.8 | 9.6 | 12.9 | 26.8 | 22.8 | |||||||||||||||||||||||||||||||||||||||
| Loss on long-lived assets, net | 175.9 | 18.5 | 186.9 | 19.6 | 247.6 | 18.5 | 311.9 | 19.6 | |||||||||||||||||||||||||||||||||||||||
| Gain on acquisition | (75.3) | — | (75.3) | — | (75.3) | — | (75.3) | — | |||||||||||||||||||||||||||||||||||||||
| (Earnings) loss from unconsolidated affiliates, net | (3.2) | (4.9) | (12.2) | 125.9 | (3.2) | (4.9) | (12.2) | 125.9 | |||||||||||||||||||||||||||||||||||||||
Adjusted EBITDA
from unconsolidated affiliates, net | 5.7 | 9.8 | 24.2 | 56.5 | 5.7 | 9.8 | 24.2 | 56.5 | |||||||||||||||||||||||||||||||||||||||
Change in fair value of
commodity inventory-related derivative contracts | (5.4) | 46.8 | (4.6) | 48.9 | (5.4) | 46.8 | (4.6) | 48.9 | |||||||||||||||||||||||||||||||||||||||
Significant
transaction and environmental related costs and other items | 9.1 | 0.8 | 29.6 | 1.9 | 9.1 | 0.7 | 29.6 | (0.4) | |||||||||||||||||||||||||||||||||||||||
Adjusted
EBITDA | $ | 209.3 | $ | 139.9 | $ | 561.8 | $ | 451.0 | $ | 210.9 | $ | 141.2 | $ | 566.4 | $ | 454.6 | |||||||||||||||||||||||||||||||
| Three Months Ended | Three Months Ended | ||||||||||||||||||||||||||||||||||
| September 30, 2022 | September 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 | $ | 272.6 | $ | 177.4 | $ | 1,116.0 | $ | 144.5 | $ | 26.7 | $ | 1,055.1 | |||||||||||||||||||||||
Intersegment
revenues | 142.2 | 137.8 | (280.0) | 125.6 | — | (125.6) | |||||||||||||||||||||||||||||
Costs of product/services sold | 230.2 | 249.6 | 807.0 | 149.7 | 0.4 | 949.2 | |||||||||||||||||||||||||||||
Operations
and maintenance expenses | 27.4 | 14.3 | 13.3 | 14.1 | 5.4 | 12.1 | |||||||||||||||||||||||||||||
| Gain (loss) on long-lived assets, net | — | (247.6) | — | 0.1 | (18.6) | — | |||||||||||||||||||||||||||||
| Gain on acquisition | — | 75.3 | — | — | — | — | |||||||||||||||||||||||||||||
| Earnings from unconsolidated affiliates, net | — | 2.0 | 1.2 | — | 4.2 | 0.7 | |||||||||||||||||||||||||||||
| Crestwood Midstream EBITDA | $ | 157.2 | $ | (119.0) | $ | 16.9 | $ | 106.4 | $ | 6.5 | $ | (31.1) | |||||||||||||||||||||||
| Gain on long-lived assets | — | 71.7 | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||||
| Crestwood Equity EBITDA | $ | 157.2 | $ | (47.3) | $ | 16.9 | $ | 106.4 | $ | 6.5 | $ | (31.1) | |||||||||||||||||||||||
| Nine Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||||||||
| September 30, 2022 | September 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 | $ | 787.2 | $ | 243.4 | $ | 3,567.2 | $ | 422.9 | $ | 76.0 | $ | 2,689.7 | |||||||||||||||||||||||
Intersegment
revenues | 421.2 | 137.8 | (559.0) | 315.1 | — | (315.1) | |||||||||||||||||||||||||||||
Costs of product/services sold | 686.6 | 249.6 | 2,928.2 | 386.4 | 0.8 | 2,323.1 | |||||||||||||||||||||||||||||
Operations
and maintenance expenses | 78.6 | 28.6 | 36.8 | 38.2 | 17.4 | 34.6 | |||||||||||||||||||||||||||||
| Gain (loss) on long-lived assets, net | — | (307.8) | (4.1) | 0.2 | (19.9) | 0.1 | |||||||||||||||||||||||||||||
| Gain on acquisition | — | 75.3 | — | — | — | — | |||||||||||||||||||||||||||||
Earnings
(loss) from unconsolidated affiliates, net | — | 9.4 | 2.8 | — | 4.4 | (130.3) | |||||||||||||||||||||||||||||
| Crestwood Midstream EBITDA | $ | 443.2 | $ | (120.1) | $ | 41.9 | $ | 313.6 | $ | 42.3 | $ | (113.3) | |||||||||||||||||||||||
Gain
on long-lived assets(1) | — | 125.0 | — | — | — | — | |||||||||||||||||||||||||||||
| Crestwood Equity EBITDA | $ | 443.2 | $ | 4.9 | $ | 41.9 | $ | 313.6 | $ | 42.3 | $ | (113.3) | |||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
| September 30, | September 30, | ||||||||||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
| Credit facilities | $ | 12.8 | $ | 3.1 | $ | 21.5 | $ | 12.0 | |||||||||||||||
| Senior notes | 35.2 | 26.1 | 102.4 | 82.9 | |||||||||||||||||||
| Other | 0.5 | 1.8 | 1.8 | 7.4 | |||||||||||||||||||
Gross interest and
debt expense | 48.5 | 31.0 | 125.7 | 102.3 | |||||||||||||||||||
| Less: capitalized interest | 0.9 | 0.1 | 1.9 | 0.3 | |||||||||||||||||||
Interest
and debt expense, net | $ | 47.6 | $ | 30.9 | $ | 123.8 | $ | 102.0 | |||||||||||||||
| Nine Months Ended | |||||||||||
| September 30, | |||||||||||
| 2022 | 2021 | ||||||||||
| Net cash provided by operating activities | $ | 277.3 | $ | 372.9 | |||||||
| Net cash provided by (used in) investing activities | $ | (517.2) | $ | 582.9 | |||||||
| Net cash provided by (used in) financing activities | $ | 233.0 | $ | (955.5) | |||||||
Growth capital(1) | $ | 125.9 | |||
| Maintenance capital | 15.2 | ||||
Other(2) | 6.2 | ||||
| Purchases of property, plant and equipment | $ | 147.3 | |||
| September 30, 2022 | December 31, 2021 | ||||||||||
| Current assets | $ | 901.0 | $ | 574.3 | |||||||
| Current assets - affiliates | $ | 1.3 | $ | 8.4 | |||||||
| Property, plant and equipment, net | $ | 3,194.4 | $ | 2,161.5 | |||||||
| Non-current assets | $ | 1,115.5 | $ | 642.3 | |||||||
| Current liabilities | $ | 558.7 | $ | 578.9 | |||||||
| Current liabilities - affiliates | $ | 78.2 | $ | 14.7 | |||||||
| Long-term debt, less current portion | $ | 3,353.3 | $ | 2,052.1 | |||||||
| Non-current liabilities | $ | 146.8 | $ | 138.7 | |||||||
| Nine Months Ended September 30, 2022 | |||||
| Revenues | $ | 4,093.9 | |||
| Revenues - affiliates | $ | 376.4 | |||
| Cost of products/services sold | $ | 3,330.3 | |||
| Cost of products/services sold - affiliates | $ | 358.7 | |||
Operations and
maintenance expenses(1) | $ | 121.1 | |||
General and administrative expenses(2) | $ | 99.0 | |||
| Operating income | $ | 51.4 | |||
| Net loss | $ | (72.4) | |||
Total Number of Units Repurchased(1) | Weighted-Average Price Paid Per Unit | Units Purchased as Part of Publicly Announced Programs | Maximum Dollar Value That May Yet Be Repurchased Under the Program | ||||||||||||||||||||
| July 1, 2022 - July 31, 2022 | — | $ | — | — | $ | — | |||||||||||||||||
| August 1, 2022 - August 31, 2022 | — | — | — | — | |||||||||||||||||||
| September 1, 2022 - September 30, 2022 | 4,600,000 | 26.90 | — | — | |||||||||||||||||||
| Totals / Weighted Average | 4,600,000 | $ | 26.90 | — | $ | — | |||||||||||||||||
| 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 | ||||||||
| 10.1 | Underwriting
Agreement dated September 12, 2022 by and among Crestwood Equity Partners LP, Oasis Investment Holdings LLC, OMS
Holdings LLC and Citigroup Global Markets Inc., as representative of the underwriter named in Schedule 2 thereto (incorporated by reference to Exhibit 1.1 to Crestwood Equity Partners LP’s Form 8-K filed on September
15, 2022) | |||||||
| 10.2 | ||||||||
| *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 3, 2022 | 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 3, 2022 | 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 | ||
|---|---|---|---|---|
 | ||||
| 4/1/29 | ||||
| 2/1/29 | ||||
| 12/31/22 | ||||
| 11/14/22 | ||||
| 11/7/22 | ||||
| Filed on: | 11/3/22 | |||
| 10/28/22 | ||||
| 10/25/22 | ||||
| 10/24/22 | ||||
| 10/20/22 | ||||
| For Period end: | 9/30/22 | |||
| 9/15/22 | 3, 4, 8-K | |||
| 9/1/22 | ||||
| 8/31/22 | ||||
| 8/12/22 | ||||
| 8/5/22 | ||||
| 8/1/22 | ||||
| 7/31/22 | ||||
| 7/11/22 | 3, 8-K, 8-K/A | |||
| 7/10/22 | ||||
| 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 | |||
| 2/25/22 | 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 | |||
| 9/30/21 | 10-Q, S-8 | |||
| 8/13/21 | ||||
| 8/6/21 | ||||
| 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 | ||||