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Investments in Unconsolidated Affiliates
 12 Months Ended
Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Unconsolidated Affiliates Investments in Unconsolidated Affiliates
Stagecoach Gas Divestiture

In July 2021, Stagecoach Gas Services LLC (Stagecoach Gas) sold certain of its wholly-owned subsidiaries to a subsidiary of Kinder Morgan, Inc. (Kinder Morgan) for approximately $1.195 billion plus certain purchase price adjustments (Initial Closing) pursuant to a purchase and sale agreement dated as of May 31, 2021 between our wholly-owned subsidiary, Crestwood Pipeline and Storage Northeast LLC (Crestwood Northeast), Con Edison Gas Pipeline and Storage Northeast, LLC (CEGP), a wholly-owned subsidiary of Consolidated Edison, Inc., Stagecoach Gas and Kinder Morgan. Following the Initial Closing, in November 2021 Crestwood Northeast and CEGP sold each of their equity interests in Stagecoach Gas and its wholly-owned subsidiary, Twin Tier Pipeline LLC, (Second Closing) to Kinder Morgan. We received cash proceeds of approximately $15.4 million related to the Second Closing.
In conjunction with the Initial Closing and Second Closing, we recorded a $155.6 million reduction in our equity earnings from unconsolidated affiliates during the year ended December 31, 2021 related to losses recorded by us and our Stagecoach equity investment associated with the sale, which also eliminated our $51.3 million historical basis difference between our investment balance and the equity in the underlying net assets of Stagecoach Gas. In addition, our earnings from unconsolidated affiliates during the year ended December 31, 2021 were also reduced by our proportionate share of transaction costs of approximately $3.1 million related to the Initial Closing and Second Closing, which were paid by us during 2021 on behalf of Stagecoach Gas.

Net Investments and Earnings (Loss)

We account for each of our investments in unconsolidated affiliates under the equity method of accounting. Our Tres Palacios Holdings LLC (Tres Holdings), Powder River Basin Industrial Complex, LLC (PRBIC) and Stagecoach Gas (prior to its divestiture) equity investments are included in our storage and logistics segment. Our Crestwood Permian equity investment is included in our gathering and processing south segment.

Our net investments in and earnings (loss) from our unconsolidated affiliates are as follows (in millions, unless otherwise stated):
Ownership PercentageInvestmentEarnings (Loss) from Unconsolidated Affiliates
December 31,December 31,Year Ended December 31,
202120212020202120202019
Stagecoach Gas Services LLC— %$— $792.5 $(139.2)$37.8 $34.2 
Tres Palacios Holdings LLC50.01 %36.2 35.5 9.3 — 0.9 
Powder River Basin Industrial Complex, LLC50.01 %3.5 3.6 (0.1)(4.3)(0.2)
Crestwood Permian Basin Holdings LLC50.00 %116.1 112.1 9.6 (1.0)(5.8)
Jackalope Gas Gathering Services, L.L.C.(1)
— %— — — — 3.7 
Total$155.8 $943.7 $(120.4)$32.5 $32.8 

(1)On April 9, 2019, Crestwood Niobrara acquired Williams’s 50% equity interest in Jackalope and, as a result, Crestwood Niobrara controls and owns 100% of the equity interests in Jackalope. Our Jackalope equity investment was previously included in our gathering and processing north segment. See Note 3 for a further discussion of this acquisition.

Summarized Financial Information of Unconsolidated Affiliates

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

Financial Position Data
December 31,
20212020
Current AssetsNon-Current AssetsCurrent LiabilitiesNon-Current LiabilitiesMembers’ EquityCurrent AssetsNon-Current AssetsCurrent LiabilitiesNon-Current LiabilitiesMembers’ Equity
Stagecoach Gas(1)
$— $— $— $— $— $47.4 $1,645.5 $3.9 $1.4 $1,687.6 
Other(2)
46.5 679.2 58.6 236.5 430.6 23.5 661.9 33.6 233.7 418.1 
Total$46.5 $679.2 $58.6 $236.5 $430.6 $70.9 $2,307.4 $37.5 $235.1 $2,105.7 

(1)As discussed above, in November 2021, we sold our equity interest in our Stagecoach Gas equity investment.
(2)Includes our Tres Holdings, PRBIC and Crestwood Permian equity investments. As of December 31, 2021, our equity in the underlying net assets of Tres Holdings exceeded our investment balance by approximately $21.4 million. As of December 31, 2021, our equity in the underlying net assets of PRBIC approximates our investment balance. During the year ended December 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 and the equity in the underlying net assets of PRBIC. As of December 31, 2021, our equity in the underlying net assets of Crestwood Permian exceeded our investment balance by approximately $8.2 million, and this excess amount is not subject to amortization.
Operating Results Data
Year Ended December 31,
202120202019
Operating RevenuesOperating ExpensesNet
 Income (Loss)		Operating RevenuesOperating ExpensesNet
 Income		Operating RevenuesOperating ExpensesNet
 Income
Stagecoach Gas(1)
$81.9 $456.7 $(374.6)$154.3 $78.8 $75.5 $163.8 $83.6 $80.6 
Other(2)
335.6 300.8 35.0 121.3 146.1 (24.6)119.9 125.9 (6.0)
Total$417.5 $757.5 $(339.6)$275.6 $224.9 $50.9 $283.7 $209.5 $74.6 

(1)As discussed above, in November 2021, we sold our equity interest in our Stagecoach Gas equity investment and, as a result, the information for the period ended 2021 is presented through November 24, 2021, the date of the Stagecoach Gas divestiture.
(2)Includes our Tres Holdings, PRBIC, Crestwood Permian and Jackalope (prior to the acquisition of the remaining 50% interest from Williams in April 2019) 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 Tres Holdings equity investment of approximately $1.3 million for each of the years ended December 31, 2021, 2020 and 2019, which we amortize over the life of Tres Palacios’s sublease agreement. We recorded amortization of the excess basis in our PRBIC equity investment of approximately $0.4 million for the year ended December 31, 2019, which we amortized over the life of PRBIC’s property, plant and equipment. We recorded amortization of the excess basis in our Jackalope equity investment of less than $0.1 million for the year ended December 31, 2019, which we amortized over the life of Jackalope’s gathering and processing agreement with Chesapeake Energy Corporation.

Distributions and Contributions
Distributions(1)
Contributions(2)
Year Ended December 31,Year Ended December 31,
202120202019202120202019
Stagecoach Gas$640.9 $59.7 $52.3 $— $— $2.1 
Tres Holdings15.5 6.4 6.3 6.9 6.0 6.3 
PRBIC— 0.4 — — — 0.2 
Crestwood Permian16.3 11.9 5.0 10.7 3.4 28.3 
Jackalope— — 11.6 — — 24.4 
Total$672.7 $78.4 $75.2 $17.6 $9.4 $61.3 

(1)In July 2021, Stagecoach Gas closed on the sale of certain of its wholly-owned subsidiaries to a subsidiary of Kinder Morgan and distributed to us approximately $613.9 million as our proportionate share of the gross proceeds received from the sale. We utilized approximately $3 million of these proceeds to pay transaction costs related to the sale described above, $40 million of these proceeds to pay our remaining contingent consideration obligation and related accrued interest described below, and the remaining proceeds to repay a portion of the amounts outstanding under the Crestwood Midstream credit facility. In January 2022, we received cash distributions from Crestwood Permian of approximately $8.5 million.
(2)In January 2022, we made cash contributions of approximately $6.0 million and $8.5 million to our Tres Holdings and Crestwood Permian equity investments, respectively.

Other
Contingent Consideration. Pursuant to the Stagecoach Gas limited liability company agreement, we were required to make payments to CEGP because certain performance targets on growth capital projects were not achieved by December 31, 2020. During the year ended December 31, 2021, we fully satisfied this obligation by paying $57 million plus accrued interest of $2.1 million to CEGP.