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Segments
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segments SegmentsIn conjunction with the divestiture of our Stagecoach Gas equity method investment as discussed in Note 5 and the merger with Oasis Midstream as discussed in Note 3, we modified our segments as of December 31, 2021 and, as a result, our financial statements reflect three operating and reporting segments: (i) gathering and processing north operations (includes our Arrow, Jackalope and Oasis Midstream Williston operations); (ii) gathering and processing south operations (includes our Marcellus, Barnett and Oasis Midstream Delaware Basin operations and our Crestwood Permian Basin Holdings LLC equity method investment); and (iii) storage and logistics operations (includes our crude oil, NGL and natural gas storage and logistics operations, and our Tres Holdings and PRBIC equity method investments). Our gathering and processing north and gathering and processing south segments were historically combined into one segment, and our storage and logistics segment was historically separated into a storage and transportation segment and a marketing, supply and logistics segment. The results of
our operations described above are now reflected in the new respective segments for all periods presented. Our corporate operations include all general and administrative expenses that are not allocated to our reportable segments.

Below is a description of our operating and reporting segments.

Gathering and Processing North. Our gathering and processing north operations provide natural gas, crude oil and produced water gathering, compression, treating, processing and disposal services to producers in the Williston Basin and Powder River Basin.

Gathering and Processing South. Our gathering and processing south operations provide natural gas gathering, compression, treating and processing and produced water gathering and disposal services to producers in the Marcellus, Barnett and Delaware basins.

Storage and Logistics. Our storage and logistics operations provide NGLs, crude oil and natural gas storage, terminal, marketing and transportation (including rail, truck and pipeline) services to producers, refiners, marketers, utilities and other customers.

Below is a reconciliation of CEQP’s and CMLP’s net income (loss) to EBITDA (in millions):
CEQPCMLP
Three Months EndedSix Months EndedThree Months EndedSix Months Ended
June 30,June 30,June 30,June 30,
20222021202220212022202120222021
Net income (loss)$39.4 $(38.1)$61.6 $(76.4)$(14.6)$(38.5)$5.6 $(78.9)
Add:
Interest and debt expense, net40.1 35.1 76.2 71.1 40.1 35.1 76.2 71.1 
Loss on modification/extinguishment of debt— 1.2 — 6.7 — 1.2 — 6.7 
Provision for income taxes0.3 0.1 0.3 — 0.2 0.1 0.2 — 
Depreciation, amortization and accretion80.6 58.8 155.4 118.0 83.0 62.2 161.2 125.0 
EBITDA$160.4 $57.1 $293.5 $119.4 $108.7 $60.1 $243.2 $123.9 

The following tables summarize CEQP’s and CMLP’s reportable segment data for the three and six months ended June 30, 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 $4.9 million and $48.1 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 June 30, 2022 and 2021 and $9.5 million and $177.5 million for the six months ended June 30, 2022 and 2021.
Segment EBITDA Information

Three Months Ended June 30, 2022
Gathering and Processing NorthGathering and Processing SouthStorage and LogisticsCorporateTotal
Crestwood Midstream
Revenues
$279.4 $35.3 $1,133.3 $— $1,448.0 
Intersegment revenues
151.6 — (151.6)— — 
Costs of product/services sold
250.8 0.6 961.8 — 1,213.2 
Operations and maintenance expense
27.5 7.6 11.5 — 46.6 
General and administrative expense
— — — 25.0 25.0 
Loss on long-lived assets, net— (60.4)(0.1)— (60.5)
Earnings from unconsolidated affiliates, net— 4.8 1.2 — 6.0 
Crestwood Midstream EBITDA$152.7 $(28.5)$9.5 $(25.0)$108.7 
Crestwood Equity
General and administrative expense— — — 1.5 1.5 
Elimination of loss on long-lived assets(1)
— 53.3 — — 53.3 
Other expense, net— — — (0.1)(0.1)
Crestwood Equity EBITDA$152.7 $24.8 $9.5 $(26.6)$160.4 

(1)Represents the elimination of the loss on long-lived assets recorded by CMLP related to the sale of our assets in the Barnett Shale. For a further discussion of this loss on long-lived assets, see Note 3.

Three Months Ended June 30, 2021
Gathering and Processing NorthGathering and Processing SouthStorage and LogisticsCorporateTotal
Crestwood Midstream
Revenues
$148.6 $24.7 $756.3 $— $929.6 
Intersegment revenues
84.2 — (84.2)— — 
Costs of product/services sold
120.5 0.1 676.6 — 797.2 
Operations and maintenance expense
9.0 5.7 11.1 — 25.8 
General and administrative expense
— — — 19.7 19.7 
Gain on long-lived assets, net0.3 — — — 0.3 
Earnings (loss) from unconsolidated affiliates, net— 1.0 (28.1)— (27.1)
Crestwood Midstream EBITDA$103.6 $19.9 $(43.7)$(19.7)$60.1 
Crestwood Equity
General and administrative expense— — — 3.1 3.1 
Other income, net— — — 0.1 0.1 
Crestwood Equity EBITDA$103.6 $19.9 $(43.7)$(22.7)$57.1 
Six Months Ended June 30, 2022
Gathering and Processing NorthGathering and Processing SouthStorage and LogisticsCorporateTotal
Crestwood Midstream
Revenues
$514.6 $66.0 $2,451.2 $— $3,031.8 
Intersegment revenues
279.0 — (279.0)— — 
Costs of product/services sold
456.4 — 2,121.2 — 2,577.6 
Operations and maintenance expense
51.2 14.3 23.5 — 89.0 
General and administrative expense
— — — 66.7 66.7 
Loss on long-lived assets, net— (60.2)(4.1)— (64.3)
Earnings from unconsolidated affiliates, net— 7.4 1.6 — 9.0 
Crestwood Midstream EBITDA$286.0 $(1.1)$25.0 $(66.7)$243.2 
Crestwood Equity
General and administrative expense— — — 3.2 3.2 
Elimination of loss on long-lived assets(1)
— 53.3 — — 53.3 
Other income, net— — — 0.2 0.2 
Crestwood Equity EBITDA$286.0 $52.2 $25.0 $(69.7)$293.5 

(1)Represents the elimination of the loss on long-lived assets recorded by CMLP related to the sale of our assets in the Barnett Shale. For a further discussion of this loss on long-lived assets, see Note 3.

Six Months Ended June 30, 2021
Gathering and Processing NorthGathering and Processing SouthStorage and LogisticsCorporateTotal
Crestwood Midstream
Revenues$278.4 $49.3 $1,634.6 $— $1,962.3 
Intersegment revenues189.5 — (189.5)— — 
Costs of product/services sold236.7 0.4 1,373.9 — 1,611.0 
Operations and maintenance expense24.1 12.0 22.5 — 58.6 
General and administrative expense— — — 36.9 36.9 
Gain (loss) on long-lived assets, net0.1 (1.3)0.1 — (1.1)
Earnings (loss) from unconsolidated affiliates, net— 0.2 (131.0)— (130.8)
Crestwood Midstream EBITDA$207.2 $35.8 $(82.2)$(36.9)$123.9 
Crestwood Equity
General and administrative expense— — — 4.6 4.6 
Other income, net— — — 0.1 0.1 
Crestwood Equity EBITDA$207.2 $35.8 $(82.2)$(41.4)$119.4 

Other Segment Information

CEQPCMLP
June 30, 2022December 31, 2021June 30, 2022December 31, 2021
Total Assets
Gathering and Processing North$4,082.7 $2,408.0 $4,082.7 $2,408.0 
Gathering and Processing South1,006.2 886.5 1,077.9 1,017.4 
Storage and Logistics1,091.7 1,125.1 1,091.7 1,125.1 
Corporate22.2 26.1 16.4 20.7 
Total Assets$6,202.8 $4,445.7 $6,268.7 $4,571.2