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Segments (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting, Other Significant Reconciling Item [Line Items]

Reconciliation of Net Income (Loss) to Earnings Before Interest, Taxes, Depreciation and Amortization

Below is a reconciliation of CEQP’s net income (loss) to EBITDA (in millions):



	Three Months Ended
	March 31,
	2020			2019
Net income (loss)	$	(23.4	)	$	14.1
Add:
Interest and debt expense, net	32.6			24.9
Depreciation, amortization and accretion	56.1			39.8
EBITDA	$	65.3		$	78.8

Summary Of Segment Information

The following tables summarize CEQP’s and CMLP’s reportable segment data for the three months ended March 31, 2020 and 2019 (in millions). Intersegment revenues included in the following tables are accounted for as arms-length transactions that apply our revenue recognition policies as described in our 2019 Annual Report on Form 10-K. Included in earnings from unconsolidated affiliates, net below was approximately $13.8 million and $12.7 million of our proportionate share of interest expense, depreciation and amortization expense and gains (losses) on long-lived assets, net recorded by our equity investments for the three months ended March 31, 2020 and 2019.

Crestwood Equity



	Three Months Ended March 31, 2020
	Gathering and Processing			Storage and Transportation		Marketing, Supply and Logistics			Corporate			Total
Revenues	$	214.9		$	3.5	$	509.5		$	—		$	727.9
Intersegment revenues	40.0			2.6		(42.6		)	—			—
Costs of product/services sold	108.3			0.2		425.9			—			534.4
Operations and maintenance expense	27.0			1.4		9.2			—			37.6
General and administrative expense	—			—		—			14.9			14.9
Loss on long-lived assets, net	(1.0		)	—		—			—			(1.0		)
Goodwill impairment	(80.3		)	—		—			—			(80.3		)
Earnings from unconsolidated affiliates, net	0.8			4.7		—			—			5.5
Other income, net	—			—		—			0.1			0.1
EBITDA	$	39.1		$	9.2	$	31.8		$	(14.8	)	$	65.3
Goodwill	$	45.9		$	—	$	92.7		$	—		$	138.6
Total assets	$	3,633.8		$	973.7	$	531.0		$	38.6		$	5,177.1



	Three Months Ended March 31, 2019
	Gathering and Processing			Storage and Transportation		Marketing, Supply and Logistics			Corporate			Total
Revenues	$	182.3		$	7.8	$	645.1		$	—		$	835.2
Intersegment revenues	52.8			3.6		(56.4		)	—			—
Costs of product/services sold	138.0			—		557.6			—			695.6
Operations and maintenance expense	18.1			1.0		9.5			—			28.6
General and administrative expense	—			—		—			37.2			37.2
Loss on long-lived assets, net	(1.8		)	—		(0.2		)	—			(2.0		)
Earnings (loss) from unconsolidated affiliates, net	(0.2		)	7.1		—			—			6.9
Other income, net	—			—		—			0.1			0.1
EBITDA	$	77.0		$	17.5	$	21.4		$	(37.1	)	$	78.8

Disaggregation of Revenue

Disaggregation of Revenues

The following tables summarize our revenues from contracts with customers disaggregated by type of product/service sold and by commodity type for each of our segments for the three months ended March 31, 2020 and 2019 (in millions). We believe this summary best depicts how the nature, amount, timing and uncertainty of our revenues and cash flows are affected by economic factors.



	Three Months Ended March 31, 2020
	Gathering and Processing		Storage and Transportation		Marketing, Supply and Logistics		Intersegment Elimination			Total
Topic 606 revenues
Gathering
Natural gas	$	43.8	$	—	$	—	$	—		$	43.8
Crude oil	26.5		—		—		—			26.5
Water	23.0		—		—		—			23.0
Processing
Natural gas	10.2		—		—		—			10.2
Compression
Natural gas	6.3		—		—		—			6.3
Storage
Crude oil	0.5		0.6		—		(0.4		)	0.7
NGLs	—		—		1.6		—			1.6
Pipeline
Crude oil	—		1.6		—		(0.5		)	1.1
Transportation
Crude oil	2.0		—		1.6		—			3.6
NGLs	—		—		1.7		—			1.7
Rail Loading
Crude oil	—		3.4		—		(1.4		)	2.0
Product Sales
Natural gas	12.0		—		18.3		(11.7		)	18.6
Crude oil	121.1		—		250.2		(16.3		)	355.0
NGLs	9.5		—		160.3		(11.9		)	157.9
Other	—		0.5		0.5		(0.4		)	0.6
Total Topic 606 revenues	254.9		6.1		434.2		(42.6		)	652.6
Non-Topic 606 revenues⁽¹⁾	—		—		75.3		—			75.3
Total revenues	$	254.9	$	6.1	$	509.5	$	(42.6	)	$	727.9


(1)	Represents revenues primarily related to our commodity-based derivatives. See Note 5 for additional information related to our price risk management activities.



	Three Months Ended March 31, 2019
	Gathering and Processing		Storage and Transportation		Marketing, Supply and Logistics		Intersegment Elimination			Total
Topic 606 revenues
Gathering
Natural gas	$	30.2	$	—	$	—	$	—		$	30.2
Crude oil	15.3		—		—		—			15.3
Water	16.8		—		—		—			16.8
Processing
Natural gas	2.5		—		—		—			2.5
Compression
Natural gas	6.0		—		—		—			6.0
Storage
Crude oil	0.5		1.4		—		(0.7		)	1.2
NGLs	—		—		1.3		—			1.3
Pipeline
Crude oil	—		1.7		—		(0.7		)	1.0
Transportation
Crude oil	1.5		—		1.5		—			3.0
NGLs	—		—		4.1		—			4.1
Rail Loading
Crude oil	—		7.2		—		(1.4		)	5.8
Product Sales
Natural gas	18.8		—		22.3		(6.6		)	34.5
Crude oil	131.6		—		290.1		(43.3		)	378.4
NGLs	11.9		—		221.5		(2.8		)	230.6
Other	—		1.1		—		(0.9		)	0.2
Total Topic 606 revenues	235.1		11.4		540.8		(56.4		)	730.9
Non-Topic 606 revenues⁽¹⁾	—		—		104.3		—			104.3
Total revenues	$	235.1	$	11.4	$	645.1	$	(56.4	)	$	835.2

(1)

Represents revenues primarily related to our commodity-based derivatives. See Note 5 for additional information related to our price risk management activities.

Crestwood Midstream Partners LP

Segment Reporting, Other Significant Reconciling Item [Line Items]

Reconciliation of Net Income (Loss) to Earnings Before Interest, Taxes, Depreciation and Amortization

Below is a reconciliation of CMLP’s net income (loss) to EBITDA (in millions):



	Three Months Ended
	March 31,
	2020			2019
Net income (loss)	$	(25.6	)	$	11.6
Add:
Interest and debt expense, net	32.6			24.9
Depreciation, amortization and accretion	59.6			43.4
EBITDA	$	66.6		$	79.9

Summary Of Segment Information

Crestwood Midstream



	Three Months Ended March 31, 2020
	Gathering and Processing			Storage and Transportation		Marketing, Supply and Logistics			Corporate			Total
Revenues	$	214.9		$	3.5	$	509.5		$	—		$	727.9
Intersegment revenues	40.0			2.6		(42.6		)	—			—
Costs of product/services sold	108.3			0.2		425.9			—			534.4
Operations and maintenance expense	27.0			1.4		9.2			—			37.6
General and administrative expense	—			—		—			13.5			13.5
Loss on long-lived assets, net	(1.0		)	—		—			—			(1.0		)
Goodwill impairment	(80.3		)	—		—			—			(80.3		)
Earnings from unconsolidated affiliates, net	0.8			4.7		—			—			5.5
EBITDA	$	39.1		$	9.2	$	31.8		$	(13.5	)	$	66.6
Goodwill	$	45.9		$	—	$	92.7		$	—		$	138.6
Total assets	$	3,789.7		$	973.7	$	531.0		$	34.9		$	5,329.3



	Three Months Ended March 31, 2019
	Gathering and Processing			Storage and Transportation		Marketing, Supply and Logistics			Corporate			Total
Revenues	$	182.3		$	7.8	$	645.1		$	—		$	835.2
Intersegment revenues	52.8			3.6		(56.4		)	—			—
Costs of product/services sold	138.0			—		557.6			—			695.6
Operations and maintenance expense	18.1			1.0		9.5			—			28.6
General and administrative expense	—			—		—			36.0			36.0
Loss on long-lived assets, net	(1.8		)	—		(0.2		)	—			(2.0		)
Earnings (loss) from unconsolidated affiliates, net	(0.2		)	7.1		—			—			6.9
EBITDA	$	77.0		$	17.5	$	21.4		$	(36.0	)	$	79.9