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Investments in Unconsolidated Affiliates (Tables)
 9 Months Ended
Sep. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
Summarized Financial Information of Unconsolidated Affiliates

Below is the summarized operating results for our significant unconsolidated affiliates (in millions; amounts represent 100% of
unconsolidated affiliate information):

 
Three Months Ended September 30,
 
2017
 
2016
 
Operating Revenues
 
Operating Expenses
 
Net Income
 
Operating Revenues
 
Operating Expenses
 
Net Income
Stagecoach Gas
$
43.1

 
$
20.4

 
$
22.7

 
$
42.8

 
$
18.4

 
$
24.4

Other(1)
78.3

 
66.4

 
11.9

 
30.1

 
18.4

 
11.7

Total
$
121.4

 
$
86.8

 
$
34.6

 
$
72.9

 
$
36.8

 
$
36.1

(1)
Includes our Jackalope, Tres Holdings, PRBIC and Crestwood Permian equity investments. We amortize the excess basis in certain of our equity investments as an increase in our earnings from unconsolidated affiliates. We recorded amortization of the excess basis in our Jackalope equity investment of less than $0.1 million for both the three months ended September 30, 2017 and 2016. We recorded amortization of the excess basis in our Tres Holdings equity investment of approximately $0.3 million for both the three months ended September 30, 2017 and 2016. We recorded amortization of the excess basis in our PRBIC equity investment of approximately $0.2 million and $0.4 million for the three months ended September 30, 2017 and 2016.
 
Nine Months Ended September 30,
 
2017
 
2016
 
Operating Revenues
 
Operating Expenses
 
Net Income
 
Operating Revenues
 
Operating Expenses
 
Net Income
Stagecoach Gas
$
127.1

 
$
58.4

 
$
68.8

 
$
56.0

 
$
24.1

 
$
31.9

Other(1)
124.6

 
103.7

 
20.8

 
90.3

 
60.6

 
29.6

Total
$
251.7

 
$
162.1

 
$
89.6

 
$
146.3

 
$
84.7

 
$
61.5


(1)
Includes our Jackalope, Tres Holdings, PRBIC and Crestwood Permian equity investments. We amortize the excess basis in certain of our equity investments as an increase in our earnings from unconsolidated affiliates. We recorded amortization of the excess basis in our Jackalope equity investment of less than $0.1 million for both the nine months ended September 30, 2017 and 2016. We recorded amortization of the excess basis in our Tres Holdings equity investment of approximately $0.9 million for both the nine months ended September 30, 2017 and 2016. We recorded amortization of the excess basis in our PRBIC equity investment of approximately $0.5 million and $1.2 million for the nine months ended September 30, 2017 and 2016.
Net Investments and Earnings

Our net investments in and earnings from our unconsolidated affiliates are as follows (in millions, unless otherwise stated):
 
Investment
 
Earnings (Loss) from Unconsolidated Affiliates
 
September 30,
 
December 31,
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Stagecoach Gas Services LLC(1)
$
854.3

 
$
871.0

 
$
6.4

 
$
6.8

 
$
19.0

 
$
9.1

Jackalope Gas Gathering Services, L.L.C.(2)
186.2

 
197.2

 
1.5

 
5.5

 
5.5

 
16.5

Tres Palacios Holdings LLC(3)
34.7

 
39.0

 
0.3

 
0.8

 
1.5

 
(0.7
)
Powder River Basin Industrial Complex, LLC(4)
8.6

 
8.7

 
0.5

 
0.3

 
1.0

 
1.2

Crestwood Permian Basin Holdings LLC(5)
114.7

 
(0.5
)
 
2.8

 
—

 
2.2

 
—

Total
$
1,198.5

 
$
1,115.4

 
$
11.5

 
$
13.4

 
$
29.2

 
$
26.1

(1)
As of September 30, 2017, our equity in the underlying net assets of Stagecoach Gas exceeded our investment balance by approximately $51.4 million. This excess amount is entirely attributable to goodwill and, as such, is not subject to amortization. Our Stagecoach Gas investment is included in our storage and transportation segment.
(2)
As of September 30, 2017, our equity in the underlying net assets of Jackalope Gas Gathering Services, L.L.C. (Jackalope) exceeded our investment balance by approximately $0.8 million. We amortize this amount over 20 years, which represents the life of Jackalope’s gathering agreement with Chesapeake Energy Corporation (Chesapeake), and we reflect the amortization as an increase in our earnings from unconsolidated affiliates. Our Jackalope investment is included in our gathering and processing segment.
(3)
As of September 30, 2017, our equity in the underlying net assets of Tres Palacios Holdings LLC (Tres Holdings) exceeded our investment balance by approximately $26.9 million. We amortize this amount over the life of the Tres Palacios Gas Storage LLC (Tres Palacios) sublease agreement, and we reflect the amortization as an increase in our earnings from unconsolidated affiliates. Our Tres Holdings investment is included in our storage and transportation segment.
(4)
As of September 30, 2017, our equity in the underlying net assets of Powder River Basin Industrial Complex, LLC (PRBIC) exceeded our investment balance by approximately $6.5 million. We amortize a portion of this amount over the life of PRBIC's property, plant and equipment and its agreement with Chesapeake, and we reflect the amortization as an increase in our earnings from unconsolidated affiliates. During 2015, we recorded an impairment of our PRBIC equity investment as further discussed in our 2016 Annual Report on Form 10-K. For the year ended December 31, 2016, PRBIC recorded a $41.3 million impairment of its goodwill and long-lived assets and as a result, we adjusted our excess basis in PRBIC by approximately $8.3 million to reflect our proportionate share of the fair value of PRBIC's net assets. Our PRBIC investment is included in our storage and transportation segment.
(5)
As of September 30, 2017, our equity in the underlying net assets of Crestwood Permian exceeded our investment balance by approximately $22.0 million, which is entirely attributable to goodwill and, as such, is not subject to amortization. Our Crestwood Permian investment is included in our gathering and processing segment
and $1.2 million for the nine months ended September 30, 2017 and 2016.

Distributions and Contributions

 
 
Distributions
 
Contributions
 
 
Nine Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2017
 
2016
 
2017
 
2016
Stagecoach Gas(1)
 
$
35.7

 
$
3.7

 
$
—

 
$
—

Jackalope
 
19.4

 
19.9

 
2.9

 
0.7

Tres Holdings(1)
 
5.8

 
6.2

 
—

 
5.5

PRBIC
 
1.1

 
1.6

 
—

 
—

Crestwood Permian(2) 
 
—

 
—

 
113.0

 
—

Total
 
$
62.0

 
$
31.4

 
$
115.9

 
$
6.2


(1)
In October 2017, we received a cash distribution from Stagecoach Gas, Tres Holdings and Crestwood Permian of approximately $11.6 million, $3.1 million and $4.5 million, respectively.
(2)
On June 21, 2017, we contributed to Crestwood Permian 100% of the equity interest of Crestwood New Mexico at our historical book value of approximately $69.4 million. This contribution was treated as a non-cash transaction between entities under common control.