Segments (Tables)

3 Months Ended

Mar. 31, 2022

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 and CMLP’s net loss to EBITDA (in millions):

	CEQP				CMLP
	Three Months Ended				Three Months Ended
	March 31,				March 31,
	2022		2021		2022		2021
Net income (loss)	$	22.2	$	(38.3)	$	20.2	$	(40.4)
Add:
Interest and debt expense, net	36.1		36.0		36.1		36.0
Loss on modification/extinguishment of debt	—		5.5		—		5.5
Benefit for income taxes	—		(0.1)		—		(0.1)
Depreciation, amortization and accretion	74.8		59.2		78.2		62.8
EBITDA	$	133.1	$	62.3	$	134.5	$	63.8

Summary Of Segment Information

The following tables summarize CEQP’s and CMLP’s reportable segment data for the three months ended March 31, 2022 and 2021 (in millions). Intersegment revenues included in the following tables are accounted for as arms-length transactions that apply our revenue recognition policy described in our 2021 Annual Report on Form 10-K. Included in earnings (loss) from unconsolidated affiliates, net reflected in the tables below was approximately $4.6 million and $129.4 million of our proportionate share of interest expense, depreciation and amortization expense, goodwill impairments and gains (losses) on long-lived assets, net recorded by our equity investments for the three months ended March 31, 2022 and 2021.

Segment EBITDA Information

	Three Months Ended March 31, 2022
	Gathering and Processing North		Gathering and Processing South		Storage and Logistics		Corporate		Total
Crestwood Midstream
Revenues	$	235.2	$	30.7	$	1,317.9	$	—	$	1,583.8
Intersegment revenues	127.4		—		(127.4)		—		—
Costs of product/services sold	205.6		(0.6)		1,159.4		—		1,364.4
Operations and maintenance expense	23.7		6.7		12.0		—		42.4
General and administrative expense	—		—		—		41.7		41.7
Gain (loss) on long-lived assets, net	—		0.2		(4.0)		—		(3.8)
Earnings from unconsolidated affiliates, net	—		2.6		0.4		—		3.0
Crestwood Midstream EBITDA	$	133.3	$	27.4	$	15.5	$	(41.7)	$	134.5
Crestwood Equity
General and administrative expense	—		—		—		1.7		1.7
Other income, net	—		—		—		0.3		0.3
Crestwood Equity EBITDA	$	133.3	$	27.4	$	15.5	$	(43.1)	$	133.1

	Three Months Ended March 31, 2021
	Gathering and Processing North		Gathering and Processing South		Storage and Logistics		Corporate		Total
Crestwood Midstream
Revenues	$	129.8	$	24.6	$	878.3	$	—	$	1,032.7
Intersegment revenues	105.3		—		(105.3)		—		—
Costs of product/services sold	116.2		0.3		697.3		—		813.8
Operations and maintenance expense	15.1		6.3		11.4		—		32.8
General and administrative expense	—		—		—		17.2		17.2
Gain (loss) on long-lived assets, net	(0.2)		(1.3)		0.1		—		(1.4)
Loss from unconsolidated affiliates, net	—		(0.8)		(102.9)		—		(103.7)
Crestwood Midstream EBITDA	$	103.6	$	15.9	$	(38.5)	$	(17.2)	$	63.8
Crestwood Equity
General and administrative expense	—		—		—		1.5		1.5
Crestwood Equity EBITDA	$	103.6	$	15.9	$	(38.5)	$	(18.7)	$	62.3

Other Segment Information

	CEQP				CMLP
	March 31, 2022		December 31, 2021		March 31, 2022		December 31, 2021
Total Assets
Gathering and Processing North	$	4,090.1	$	2,408.0	$	4,090.1	$	2,408.0
Gathering and Processing South	1,023.1		886.5		1,150.4		1,017.4
Storage and Logistics	1,097.3		1,125.1		1,097.3		1,125.1
Corporate	29.6		26.1		24.3		20.7
Total Assets	$	6,240.1	$	4,445.7	$	6,362.1	$	4,571.2