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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 1,139.4 $ 1,566.0 $ 3,423.7 $ 4,597.8
Costs of product/services sold (exclusive of items shown separately below):        
Costs of product/services sold 901.6 1,286.8 2,683.6 3,864.4
Operating expenses and other:        
Operations and maintenance 56.9 55.0 166.7 144.0
General and administrative 30.2 33.9 86.8 103.8
Depreciation, amortization and accretion 80.2 86.9 242.7 242.3
Loss on long-lived assets, net 2.6 175.9 4.8 186.9
Gain on acquisition 0.0 (75.3) 0.0 (75.3)
Total expenses 169.9 276.4 501.0 601.7
Operating income (loss) 67.9 2.8 239.1 131.7
Earnings from unconsolidated affiliates, net 1.1 3.2 135.2 12.2
Interest and debt expense, net (56.9) (47.6) (167.9) (123.8)
Other income, net 0.2 0.0 0.3 0.2
Income (loss) before income taxes 12.3 (41.6) 206.7 20.3
Provision for income taxes (0.2) (1.4) (1.1) (1.7)
Net income (loss) 12.1 (43.0) 205.6 18.6
Net income attributable to non-controlling partner 32.1 10.3 52.6 30.8
Net income (loss) attributable to parent (20.0) (53.3) 153.0 (12.2)
Net income attributable to preferred unit holders 15.1 15.0 45.1 45.0
Net income (loss) attributable to partners $ (35.1) $ (68.3) $ 107.9 $ (57.2)
Net income (loss) per limited partner unit: (Note 12)        
Basic (in dollars per share) $ (0.33) $ (0.64) $ 1.03 $ (0.59)
Diluted (in dollars per share) $ (0.33) $ (0.64) $ 0.99 $ (0.59)
Weighted-average limited partners’ units outstanding:        
Basic (units) 105.2 107.1 105.2 97.1
Dilutive units (units) 0.0 0.0 3.9 0.0
Diluted (units) 105.2 107.1 109.1 97.1
Crestwood Midstream Partners LP        
Revenues:        
Total revenues $ 1,139.4 $ 1,566.0 $ 3,423.7 $ 4,597.8
Costs of product/services sold (exclusive of items shown separately below):        
Costs of product/services sold 901.6 1,286.8 2,683.6 3,864.4
Operating expenses and other:        
Operations and maintenance 56.9 55.0 166.7 144.0
General and administrative 20.8 32.3 74.6 99.0
Depreciation, amortization and accretion 80.1 86.8 242.5 248.0
Loss on long-lived assets, net 2.6 247.6 4.8 311.9
Gain on acquisition 0.0 (75.3) 0.0 (75.3)
Total expenses 160.4 346.4 488.6 727.6
Operating income (loss) 77.4 (67.2) 251.5 5.8
Earnings from unconsolidated affiliates, net 1.1 3.2 135.2 12.2
Interest and debt expense, net (56.9) (47.6) (167.9) (123.8)
Income (loss) before income taxes 21.6 (111.6) 218.8 (105.8)
Provision for income taxes (0.2) (1.4) (1.0) (1.6)
Net income (loss) 21.4 (113.0) 217.8 (107.4)
Net income attributable to non-controlling partner 32.1 10.3 52.6 30.8
Net income (loss) attributable to parent (10.7) (123.3) 165.2 (138.2)
Crestwood Midstream Partners LP | Related Party        
Operating expenses and other:        
General and administrative 1.1 1.1 3.3 3.3
Product | Nonrelated Party        
Revenues:        
Total revenues 989.2 1,332.8 2,991.5 3,938.3
Costs of product/services sold (exclusive of items shown separately below):        
Costs of product/services sold 898.1 1,228.6 2,668.1 3,613.4
Product | Related Party        
Revenues:        
Total revenues 0.0 83.2 0.0 222.7
Costs of product/services sold (exclusive of items shown separately below):        
Costs of product/services sold 0.0 51.3 0.5 232.9
Product | Crestwood Midstream Partners LP | Nonrelated Party        
Revenues:        
Total revenues 989.2 1,332.8 2,991.5 3,938.3
Costs of product/services sold (exclusive of items shown separately below):        
Costs of product/services sold 898.1 1,228.6 2,668.1 3,613.4
Product | Crestwood Midstream Partners LP | Related Party        
Revenues:        
Total revenues 0.0 83.2 0.0 222.7
Costs of product/services sold (exclusive of items shown separately below):        
Costs of product/services sold 0.0 51.3 0.5 232.9
Service | Nonrelated Party        
Revenues:        
Total revenues 150.2 92.4 432.2 286.8
Costs of product/services sold (exclusive of items shown separately below):        
Costs of product/services sold 3.5 6.9 15.0 18.1
Service | Related Party        
Revenues:        
Total revenues 0.0 57.6 0.0 150.0
Service | Crestwood Midstream Partners LP | Nonrelated Party        
Revenues:        
Total revenues 150.2 92.4 432.2 286.8
Costs of product/services sold (exclusive of items shown separately below):        
Costs of product/services sold 3.5 6.9 15.0 18.1
Service | Crestwood Midstream Partners LP | Related Party        
Revenues:        
Total revenues $ 0.0 $ 57.6 $ 0.0 $ 150.0