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Investments in Unconsolidated Affiliates (Tables)
 12 Months Ended
Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Net Investments and Earnings (Loss) From Unconsolidated Affiliates
Our net investments in and earnings (loss) from our unconsolidated affiliates are as follows (in millions, unless otherwise stated):
Ownership PercentageInvestmentEarnings (Loss) from Unconsolidated Affiliates
December 31,December 31,Year Ended December 31,
202220222021202220212020
Crestwood Permian Basin LLC(1)
50.00 %$76.5 $— $2.4 $— $— 
Tres Palacios Holdings LLC(2)
50.01 %39.8 36.2 5.2 9.3 — 
Powder River Basin Industrial Complex, LLC(3)
50.01 %3.2 3.5 (0.6)(0.1)(4.3)
Crestwood Permian Basin Holdings LLC— %— 116.1 8.7 9.6 (1.0)
Stagecoach Gas Services LLC— %— — — (139.2)37.8 
Total$119.5 $155.8 $15.7 $(120.4)$32.5 
(1)As of December 31, 2022, our equity in the underlying net assets of Crestwood Permian Basin was less than our carrying value of our investment balance by approximately $2.3 million. During the year ended December 31, 2022, we recorded amortization of less than $0.1 million related to this basis difference, which we amortize over the life of Crestwood Permian Basin’s property, plant and equipment.
(2)As of December 31, 2022, our equity in the underlying net assets of Tres Palacios Holdings LLC (Tres Holdings) exceeded the carrying value of our investment balance by approximately $20.2 million. During each of the years ended December 31, 2022, 2021 and 2020, we recorded amortization of approximately $1.3 million related to this excess basis, which we amortize over the life of Tres Palacios’ sublease agreement.
(3)As of December 31, 2022, our equity in the underlying net assets of Powder River Basin Industrial Complex, LLC (PRBIC) approximates the carrying value of our investment balance. During the year ended December 31, 2020, we recorded a $4.5 million reduction to the equity earnings from our PRBIC equity method investment as a result of recording our proportionate share of a long-lived asset impairment recorded by the equity method investee.
Equity Method Investments
The following table summarizes our distributions from and contributions to our unconsolidated affiliates (in millions):
Distributions(1)
Contributions(2)
Year Ended December 31,Year Ended December 31,
202220212020202220212020
Crestwood Permian Basin$4.5 $— $— $— $— $— 
Tres Holdings8.7 15.5 6.4 7.1 6.9 6.0 
PRBIC— — 0.4 0.3 — — 
Crestwood Permian13.6 16.3 11.9 83.5 10.7 3.4 
Stagecoach Gas— 640.9 59.7 — — — 
Total$26.8 $672.7 $78.4 $90.9 $17.6 $9.4 

(1)In July 2021, Stagecoach Gas closed on the sale of certain of its wholly-owned subsidiaries to a subsidiary of Kinder Morgan and distributed to us approximately $613.9 million as our proportionate share of the gross proceeds received from the sale. We utilized approximately $3 million of these proceeds to pay transaction costs related to the sale described above, $40 million of these proceeds to pay our remaining contingent consideration obligation and related accrued interest described below, and the remaining proceeds to repay a portion of the amounts outstanding under the Crestwood Midstream credit facility.
(2)In January 2023, we made a cash contribution of approximately $5.1 million to our Tres Holdings equity investment.