Related Party Transactions

6 Months Ended

Jun. 30, 2022

We enter into transactions with our affiliates within the ordinary course of business, including product purchases, marketing services and various operating agreements, including operating leases. We also enter into transactions with our affiliates related to services provided on our expansion projects.

Prior to August 2021, Crestwood Holdings indirectly owned our general partner and the affiliates of Crestwood Holdings and its owners were considered CEQP’s and CMLP’s related parties. With the completion of our strategic transactions with Crestwood Holdings in August 2021, Crestwood Holdings and its affiliates are no longer considered related parties of CEQP and CMLP. During the six months ended June 30, 2021, we paid approximately $0.5 million of capital expenditures to Applied Consultants, Inc., an affiliate of Crestwood Holdings. In addition, during the six months ended June 30, 2021, Crestwood Holdings allocated a $4.6 million reduction of unit-based compensation charges to CEQP and CMLP. Also, CEQP allocated approximately $0.2 million of its general and administrative costs to Crestwood Holdings during the six months ended June 30, 2021.

The following table shows transactions with our affiliates which are reflected in our consolidated statements of operations (in millions). For a further description of our related party agreements, see our 2021 Annual Report on Form 10-K.


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Revenues at CEQP and CMLP(1)	$	134.2	$	13.2	$	231.9	$	18.1
Costs of product/services sold at CEQP and CMLP(2)	$	113.1	$	25.4	$	181.6	$	66.5
Operations and maintenance expenses at CEQP and CMLP charged to our unconsolidated affiliates(3)	$	5.0	$	6.0	$	9.8	$	11.7
General and administrative expenses charged by CEQP to CMLP, net(4)	$	7.5	$	6.6	$	15.0	$	12.5
General and administrative expenses at CEQP and CMLP(5)	$	0.4	$	—	$	1.3	$	—

(1)Includes (i) $2.0 million and $3.6 million during the three and six months ended June 30, 2022 and $13.2 million and $18.1 million during the three and six months ended June 30, 2021 related to the sale of NGLs to a subsidiary of Crestwood Permian; (ii) $0.7 million and $1.2 million during the three and six months ended June 30, 2022 related to compressor leases with a subsidiary of Crestwood Permian; (iii) $76.9 million and $135.9 million during the three and six months ended June 30, 2022 primarily related to the sale of crude oil and NGLs to a subsidiary of Oasis Petroleum; and (iv) $54.6 million and $91.2 million during the three and six months ended June 30, 2022 primarily related to gathering and processing services under agreements with a subsidiary of Oasis Petroleum.

(2)Includes (i) $71.4 million and $107.6 million during the three and six months ended June 30, 2022 and $14.8 million and $45.1 million during the three and six months ended June 30, 2021 related to purchases of natural gas and NGLs from a subsidiary of Crestwood Permian; (ii) $0.5 million and $1.4 million during the three and six months ended June 30, 2022 and $0.3 million and $11.1 million during the three and six months ended June 30, 2021 primarily related to purchases of natural gas from a subsidiary of Tres Holdings; (iii) $41.2 million and $72.6 million during the three and six months ended June 30, 2022 primarily related to purchases of NGLs from a subsidiary of Oasis Petroleum; and (iv) $10.3 million during both the three and six months ended June 30, 2021 related to purchases of NGLs from Ascent Resources - Utica, LLC, an affiliate of Crestwood Holdings.

(3)We have operating agreements with certain of our unconsolidated affiliates pursuant to which we charge them operations and maintenance expenses in accordance with their respective agreements, and these charges are reflected as a reduction of operations and maintenance expenses in our consolidated statements of operations. During the three and six months ended June 30, 2022, we charged $1.1 million and $2.3 million to Tres Holdings and $3.9 million and $7.5 million to Crestwood Permian. During the three and six months ended June 30, 2021, we charged $1.6 million and $3.3 million to Stagecoach Gas, $1.2 million and $2.4 million to Tres Holdings, and $3.2 million and $6.0 million to Crestwood Permian.

(4)Includes $8.6 million and $17.2 million of unit-based compensation charges allocated from CEQP to CMLP during the three and six months ended June 30, 2022 and $7.6 million and $14.5 million for the three and six months ended June 30, 2021. In addition, includes $1.1 million and $2.2 million of CMLP’s general and administrative costs allocated to CEQP during the three and six months ended June 30, 2022 and $1.0 million and $2.0 million for the three and six months ended June 30, 2021.

(5)Represents general and administrative expenses related to a transition services agreement with Oasis Petroleum.

The following table shows balances with our affiliates which are reflected in our consolidated balance sheets (in millions):


	June 30, 2022		December 31, 2021
Accounts receivable at CEQP and CMLP	$	72.6	$	8.2
Accounts payable at CEQP and CMLP	$	32.6	$	12.0