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Acquisition (Tables)
3 Months Ended
Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed at the acquisition date (in millions):

Cash $14.9 
Other current assets63.4 
Property, plant and equipment1,245.8 
Intangible assets497.0 
   Total assets acquired1,821.1 
Current liabilities45.9 
Long-term debt(1)
698.7 
Other long-term liabilities(2)
25.8 
   Total liabilities assumed770.4 
Net assets acquired excluding goodwill1,050.7 
Goodwill39.3 
Net assets acquired$1,090.0 

(1)    Consists of approximately $218 million outstanding borrowings under the Oasis Midstream revolver, which was immediately repaid upon the closing of the Merger and approximately $450 million of unsecured senior notes and the related fair value adjustment of approximately $30.7 million. For a further discussion of the long-term debt assumed in conjunction with the Merger, see Note 8.
(2)    Consists primarily of liabilities for asset retirement obligations of approximately $16.5 million.
Business Acquisition, Pro Forma Information
Crestwood Equity

Three Months Ended March 31,
20222021
Revenues$1,618.4 $1,133.1 
Net income (loss)$28.4 $(15.2)
Net income (loss) per limited partner unit:
     Basic and Diluted$0.03 $(0.37)
Crestwood Midstream

Three Months Ended March 31,
20222021
Revenues$1,618.4 $1,133.1 
Net income (loss)$26.4 $(17.3)