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Investments in Unconsolidated Affiliates (Tables)
 12 Months Ended
Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Activity Related to Partnership's Investments and Combined Financial Information in Unconsolidated Affiliates

The following table shows the activity related to our investments in unconsolidated affiliates:

 

 

 

Balance at December 31, 2019

 

 

Equity Earnings (Loss)

 

 

Cash Distributions

 

 

Disposition/
Consolidation

 

 

Contributions

 

 

Balance at December 31, 2020

 

GCX

 

$

447.5

 

 

$

66.3

 

 

$

(81.3

)

 

$

—

 

 

$

2.7

 

 

$

435.2

 

Little Missouri 4

 

 

103.7

 

 

 

10.8

 

 

 

(9.8

)

 

 

—

 

 

 

—

 

 

 

104.7

 

T2 Eagle Ford

 

 

89.6

 

 

 

(8.9

)

 

 

(0.9

)

 

 

—

 

 

 

—

 

 

 

79.8

 

T2 LaSalle

 

 

44.8

 

 

 

(4.8

)

 

 

(0.4

)

 

 

—

 

 

 

—

 

 

 

39.6

 

GCF

 

 

37.2

 

 

 

2.9

 

 

 

(1.6

)

 

 

—

 

 

 

—

 

 

 

38.5

 

Cayenne

 

 

15.9

 

 

 

6.3

 

 

 

(6.0

)

 

 

—

 

 

 

—

 

 

 

16.2

 

Total

 

$

738.7

 

 

$

72.6

 

 

$

(100.0

)

 

$

—

 

 

$

2.7

 

 

$

714.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2020

 

 

Equity Earnings (Loss)

 

 

Cash Distributions

 

 

Disposition/
Consolidation

 

 

Contributions

 

 

Balance at December 31, 2021

 

GCX

 

$

435.2

 

 

$

63.4

 

 

$

(78.1

)

 

$

—

 

 

$

0.5

 

 

$

421.0

 

Little Missouri 4

 

 

104.7

 

 

 

10.9

 

 

 

(17.5

)

 

 

—

 

 

 

—

 

 

 

98.1

 

T2 Eagle Ford

 

 

79.8

 

 

 

(57.0

)

 

 

(1.0

)

 

 

—

 

 

 

0.1

 

 

 

21.9

 

T2 LaSalle

 

 

39.6

 

 

 

(35.0

)

 

 

(0.4

)

 

 

—

 

 

 

—

 

 

 

4.2

 

GCF (1)

 

 

38.5

 

 

 

(8.6

)

 

 

(1.1

)

 

 

—

 

 

 

—

 

 

 

28.8

 

Cayenne

 

 

16.2

 

 

 

2.4

 

 

 

(6.1

)

 

 

—

 

 

 

—

 

 

 

12.5

 

Total

 

$

714.0

 

 

$

(23.9

)

 

$

(104.2

)

 

$

—

 

 

$

0.6

 

 

$

586.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2021

 

 

Equity Earnings (Loss)

 

 

Cash Distributions

 

 

Disposition/
Consolidation

 

 

Contributions

 

 

Balance at December 31, 2022

 

GCX

 

$

421.0

 

 

$

5.7

 

 

$

(14.3

)

 

$

(412.4

)

 

$

—

 

 

$

—

 

Little Missouri 4

 

 

98.1

 

 

 

5.5

 

 

 

(12.9

)

 

 

—

 

 

 

—

 

 

 

90.7

 

GCF (1)

 

 

28.8

 

 

 

(3.2

)

 

 

—

 

 

 

—

 

 

 

1.5

 

 

 

27.1

 

T2 Eagle Ford (2)

 

 

21.9

 

 

 

(0.6

)

 

 

(0.8

)

 

 

(20.5

)

 

 

—

 

 

 

—

 

T2 LaSalle (2)

 

 

4.2

 

 

 

(0.3

)

 

 

—

 

 

 

(3.9

)

 

 

—

 

 

 

—

 

Cayenne

 

 

12.5

 

 

 

2.0

 

 

 

(1.0

)

 

 

—

 

 

 

—

 

 

 

13.5

 

Total

 

$

586.5

 

 

$

9.1

 

 

$

(29.0

)

 

$

(436.8

)

 

$

1.5

 

 

$

131.3

 

 

(1)
In January 2021, GCF was temporarily idled and Targa assumed operatorship in the first half of 2021. In January 2023, we reached an agreement with our partners to reactivate GCF. The facility is expected to be operational during the first quarter of 2024.
(2)
Following the closing of the South Texas Acquisition in April 2022, the T2 Joint Ventures are 100% owned and consolidated by Targa.