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Investments in Unconsolidated Affiliates (Tables)
 3 Months Ended
Mar. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
Net Investments and Earnings

Our net investments in and earnings from our unconsolidated affiliates are as follows (in millions):
 
Investment
 
Earnings (Loss) from
Unconsolidated Affiliates
 
March 31,
 
December 31,
 
Three Months Ended March 31,
 
2020
 
2019
 
2020
 
2019
Stagecoach Gas Services LLC(1)
$
808.0

 
$
814.4

 
$
9.2

 
$
7.0

Crestwood Permian Basin Holdings LLC(2)
118.6

 
121.8

 
0.8

 
(3.4
)
Tres Palacios Holdings LLC(3)
41.9

 
35.9

 
—

 
0.2

Powder River Basin Industrial Complex, LLC(4)
3.7

 
8.3

 
(4.5
)
 
(0.1
)
Jackalope Gas Gathering Services, L.L.C.(5)
—

 
—

 
—

 
3.2

Total
$
972.2

 
$
980.4

 
$
5.5

 
$
6.9

(1)
As of March 31, 2020, our equity in the underlying net assets of Stagecoach Gas Services LLC (Stagecoach Gas) exceeded our investment balance by approximately $51.3 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 March 31, 2020, our equity in the underlying net assets of Crestwood Permian exceeded our investment balance by $10.8 million, and this excess amount is not subject to amortization. Our Crestwood Permian investment is included in our gathering and processing segment.
(3)
As of March 31, 2020, our equity in the underlying net assets of Tres Palacios Holdings LLC (Tres Holdings) exceeded our investment balance by approximately $23.7 million. Our Tres Holdings investment is included in our storage and transportation segment.
(4)
As of March 31, 2020, our equity in the underlying net assets of Powder River Basin Industrial Complex, LLC (PRBIC) approximates our investment balance. During the three months ended March 31, 2020, we recorded our share of a long-lived asset impairment recorded by our PRBIC equity investment, which eliminated our $5.5 million historical basis difference between our investment balance and the equity in the underlying net assets of PRBIC, and also resulted in a $4.5 million reduction in our earnings from unconsolidated affiliates during the three months ended March 31, 2020. Our PRBIC investment is included in our storage and transportation segment.
(5)
On April 9, 2019, Crestwood Niobrara LLC (Crestwood Niobrara) acquired Williams Partners LP’s (Williams) 50% equity interest in Jackalope Gas Gathering Services, L.L.C. (Jackalope), and as a result, Crestwood Niobrara controls and owns 100% of the equity interests in Jackalope. As a result of this transaction, we eliminated our historical equity investment in Jackalope and began consolidating Jackalope’s operations. Our Jackalope investment was included in our gathering and processing segment.

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 March 31,
 
2020
 
2019
 
Operating Revenues
 
Operating Expenses
 
Net Income (Loss)
 
Operating Revenues
 
Operating Expenses
 
Net Income (Loss)
Stagecoach Gas
$
37.7

 
$
19.4

 
$
18.4

 
$
40.3

 
$
20.2

 
$
20.2

Other(1)
28.3

 
48.5

 
(19.5
)
 
41.8

 
42.2

 
(1.1
)
Total
$
66.0

 
$
67.9

 
$
(1.1
)
 
$
82.1

 
$
62.4

 
$
19.1



(1)
Includes our Crestwood Permian, Tres Holdings and PRBIC equity investments during the three months ended March 31, 2020 and 2019, and our Jackalope equity investment during the three months ended March 31, 2019 (prior to the acquisition of the remaining 50% equity interest from Williams in April 2019). 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 Tres Holdings equity investment of $0.3 million during both the three months ended March 31, 2020 and 2019. We recorded amortization of the excess basis in our PRBIC equity investment of $0.1 million during the three months ended March 31, 2019. We recorded amortization of the excess basis in the Jackalope equity investment of less than $0.1 million during the three months ended March 31, 2019.

Distributions and Contributions

The following table summarizes our distributions from and contributions to our unconsolidated affiliates (in millions):
 
 
Distributions(1)
 
Contributions
 
 
Three Months Ended March 31,
 
Three Months Ended March 31,
 
 
2020
 
2019
 
2020
 
2019
Stagecoach Gas
 
$
15.6

 
$
13.0

 
$
—

 
$
—

Crestwood Permian
 
3.8

 
2.3

 
—

 
7.5

Tres Holdings
 
—

 
—

 
6.0

 
6.3

PRBIC
 
0.1

 
—

 
—

 
—

Jackalope
 
—

 
11.6

 
—

 
24.4

Total
 
$
19.5

 
$
26.9

 
$
6.0

 
$
38.2


(1)
In April 2020, we received cash distributions from Stagecoach Gas, Crestwood Permian and Tres Holdings of approximately $14.4 million, $2.9 million and $1.4 million, respectively.