Acquisitions and Divestitures (Tables)

6 Months Ended

Jun. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the final valuation of the assets acquired and liabilities assumed at the acquisition date (in millions):

Cash	$	14.9
Other current assets	63.2
Property, plant and equipment	1,264.4
Intangible assets	464.0
Total assets acquired	1,806.5
Current liabilities	48.2
Long-term debt(1)	698.7
Other long-term liabilities(2)	25.8
Total liabilities assumed	772.7
Net assets acquired excluding goodwill	1,033.8
Goodwill	56.2
Net assets acquired	$	1,090.0

(1)    Consists of approximately $218 million outstanding borrowings under the Oasis Midstream credit facility, 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 $16.1 million.

Business Acquisition, Pro Forma Information

Crestwood Equity

	Three Months Ended June 30,		Six Months Ended June 30,
	2021		2022		2021
Revenues	$	1,024.9	$	3,066.4	$	2,157.9
Net income (loss)	$	(15.5)	$	67.8	$	(31.1)
Net income (loss) per limited partner unit:
Basic	$	(0.42)	$	0.18	$	(0.80)
Diluted	$	(0.42)	$	0.17	$	(0.80)

Crestwood Midstream

	Three Months Ended June 30,		Six Months Ended June 30,
	2021		2022		2021
Revenues	$	1,024.9	$	3,066.4	$	2,157.9
Net income (loss)	$	(15.9)	$	11.8	$	(33.6)