Segments (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2017

Dec. 31, 2016

Reconciliation of Net Income (Loss) to Earnings Before Interest, Taxes, Depreciation and Amortization

Below is a reconciliation of CEQP’s net loss to EBITDA (in millions):

	Three Months Ended
	March 31,
	2017			2016
Net loss	$	(19.4	)	$	(93.7	)
Add:
Interest and debt expense, net		26.5			36.1
Loss on modification/extinguishment of debt		37.3			—
Benefit for income taxes		(0.1	)		—
Depreciation, amortization and accretion		48.4			62.3
EBITDA	$	92.7		$	4.7

Below is a reconciliation of CEQP’s net loss to EBITDA (in millions):

	Year Ended December 31,
	2016			2015			2014
Net loss	$	(192.1	)	$	(2,303.7	)	$	(10.4	)
Add:
Interest and debt expense, net		125.1			140.1			127.1
(Gain) loss on modification/extinguishment of debt		(10.0	)		20.0			—
Provision (benefit) for income taxes		0.3			(1.4	)		1.1
Depreciation, amortization and accretion		229.6			300.1			285.3
EBITDA	$	152.9		$	(1,844.9	)	$	403.1

Summary Of Segment Information

	Three Months Ended March 31, 2017
	Gathering and Processing		Storage and Transportation		Marketing, Supply and Logistics			Corporate			Total
Revenues	$	368.6	$	10.0	$	449.5		$	—		$	828.1
Intersegment revenues		30.3		1.8		(32.1	)		—			—
Costs of product/services sold		316.6		—		366.9			—			683.5
Operations and maintenance expense		17.4		1.1		15.2			—			33.7
General and administrative expense		—		—		—			26.4			26.4
Earnings from unconsolidated affiliates, net		1.6		6.5		—			—			8.1
Other income, net		—		—		—			0.1			0.1
EBITDA	$	66.5	$	17.2	$	35.3		$	(26.3	)	$	92.7
Goodwill	$	45.9	$	—	$	153.1		$	—		$	199.0
Total assets	$	2,363.8	$	1,080.7	$	906.1		$	24.2		$	4,374.8

	Three Months Ended March 31, 2016
	Gathering and Processing			Storage and Transportation			Marketing, Supply and Logistics			Corporate			Total
Revenues	$	238.9		$	59.4		$	237.7		$	—		$	536.0
Intersegment revenues		20.5			0.4			(20.9	)		—			—
Costs of product/services sold		179.8			2.9			180.7			—			363.4
Operations and maintenance expense		17.8			7.2			16.8			—			41.8
General and administrative expense		—			—			—			23.0			23.0
Goodwill impairment		(8.6	)		(13.7	)		(87.4	)		—			(109.7	)
Earnings from unconsolidated affiliates, net		5.1			1.4			—			—			6.5
Other income, net		—			—			—			0.1			0.1
EBITDA	$	58.3		$	37.4		$	(68.1	)	$	(22.9	)	$	4.7

	Year Ended December 31, 2016
	Gathering and Processing			Storage and Transportation			Marketing, Supply and Logistics			Corporate			Total
Revenues	$	1,118.8		$	165.3		$	1,236.4		$	—		$	2,520.5
Intersegment revenues		108.6			4.2			(112.8	)		—			—
Costs of product/services sold		917.0			5.1			1,003.0			—			1,925.1
Operations and maintenance expense		77.0			21.4			59.7			—			158.1
General and administrative expense		—			—			—			88.2			88.2
Loss on long-lived assets, net		(2.0	)		(32.2	)		(31.4	)		—			(65.6	)
Goodwill impairment		(8.6	)		(44.9	)		(109.1	)		—			(162.6	)
Earnings from unconsolidated affiliates, net		20.3			11.2			—			—			31.5
Other income, net		—			—			—			0.5			0.5
EBITDA	$	243.1		$	77.1		$	(79.6	)	$	(87.7	)	$	152.9
Goodwill	$	45.9		$	—		$	153.1		$	—		$	199.0
Total assets	$	2,359.7		$	1,094.6		$	972.2		$	22.4		$	4,448.9
Purchases of property, plant and equipment	$	76.6		$	3.3		$	19.1		$	1.7		$	100.7

	Year Ended December 31, 2015
	Gathering and Processing			Storage and Transportation			Marketing, Supply and Logistics			Corporate			Total
Revenues	$	1,381.0		$	266.3		$	985.5		$	—		$	2,632.8
Intersegment revenues		66.7			—			(66.7	)		—			—
Costs of product/services sold		1,103.9			20.1			759.5			—			1,883.5
Operations and maintenance expense		89.0			31.7			69.5			—			190.2
General and administrative expense		—			—			—			116.3			116.3
Loss on long-lived assets		(787.3	)		(1.6	)		(32.3	)		—			(821.2	)
Goodwill impairment		(329.7	)		(623.4	)		(453.2	)		—			(1,406.3	)
Loss from unconsolidated affiliates		(43.4	)		(17.4	)		—			—			(60.8	)
Other income, net		—			—			—			0.6			0.6
EBITDA	$	(905.6	)	$	(427.9	)	$	(395.7	)	$	(115.7	)	$	(1,844.9	)
Goodwill	$	54.5		$	771.2		$	259.8		$	—		$	1,085.5
Total assets	$	2,325.2		$	2,217.4		$	1,083.7		$	136.5		$	5,762.8
Purchases of property, plant and equipment	$	132.7		$	26.4		$	22.8		$	0.8		$	182.7
	Year Ended December 31, 2014
	Gathering and Processing			Storage and Transportation			Marketing, Supply and Logistics			Corporate			Total
Revenues	$	2,166.8		$	264.6		$	1,499.9		$	—		$	3,931.3
Intersegment revenues		50.0			—			(50.0	)		—			—
Costs of product/services sold		1,859.9			33.3			1,272.1			—			3,165.3
Operations and maintenance expense		102.8			28.8			71.7			—			203.3
General and administrative expense		—			—			—			100.2			100.2
Gain (loss) on long-lived assets		(32.7	)		33.8			(3.0	)		—			(1.9	)
Goodwill impairment		(18.5	)		—			(30.3	)		—			(48.8	)
Loss on contingent consideration		(8.6	)		—			—			—			(8.6	)
Earnings (loss) from unconsolidated affiliates		0.5			(1.2	)		—			—			(0.7	)
Other income, net		—			—			—			0.6			0.6
EBITDA	$	194.8		$	235.1		$	72.8		$	(99.6	)	$	403.1
Purchases of property, plant and equipment	$	327.9		$	37.0		$	50.9		$	8.2		$	424.0

Crestwood Midstream Partners LP

Reconciliation of Net Income (Loss) to Earnings Before Interest, Taxes, Depreciation and Amortization

Below is a reconciliation of CMLP’s net loss to EBITDA (in millions):

	Three Months Ended
	March 31,
	2017			2016
Net loss	$	(21.4	)	$	(95.3	)
Add:
Interest and debt expense, net		26.5			36.1
Loss on modification/extinguishment of debt		37.3			—
Benefit for income taxes		(0.1	)		(0.2	)
Depreciation, amortization and accretion		51.2			64.9
EBITDA	$	93.5		$	5.5

Below is a reconciliation of CMLP’s net income (loss) to EBITDA (in millions):

	Year Ended December 31,
	2016			2015			2014
Net income (loss)	$	(197.5	)	$	(1,410.6	)	$	14.7
Add:
Interest and debt expense, net		125.1			130.5			111.4
(Gain) loss on modification/extinguishment of debt		(10.0	)		18.9			—
Provision for income taxes		—			—			0.9
Depreciation, amortization and accretion		240.5			278.5			255.4
EBITDA	$	158.1		$	(982.7	)	$	382.4

Summary Of Segment Information

	Three Months Ended March 31, 2017
	Gathering and Processing		Storage and Transportation		Marketing, Supply and Logistics			Corporate			Total
Revenues	$	368.6	$	10.0	$	449.5		$	—		$	828.1
Intersegment revenues		30.3		1.8		(32.1	)		—			—
Costs of product/services sold		316.6		—		366.9			—			683.5
Operations and maintenance expense		17.4		1.1		15.2			—			33.7
General and administrative expense		—		—		—			25.5			25.5
Earnings from unconsolidated affiliates, net		1.6		6.5		—			—			8.1
EBITDA	$	66.5	$	17.2	$	35.3		$	(25.5	)	$	93.5
Goodwill	$	45.9	$	—	$	153.1		$	—		$	199.0
Total assets	$	2,562.4	$	1,080.7	$	906.1		$	14.9		$	4,564.1

	Three Months Ended March 31, 2016
	Gathering and Processing			Storage and Transportation			Marketing, Supply and Logistics			Corporate			Total
Revenues	$	238.9		$	59.4		$	237.7		$	—		$	536.0
Intersegment revenues		20.5			0.4			(20.9	)		—			—
Costs of product/services sold		179.8			2.9			180.7			—			363.4
Operations and maintenance expense		17.8			7.1			16.8			—			41.7
General and administrative expense		—			—			—			22.2			22.2
Goodwill impairment		(8.6	)		(13.7	)		(87.4	)		—			(109.7	)
Earnings from unconsolidated affiliates, net		5.1			1.4			—			—			6.5
EBITDA	$	58.3		$	37.5		$	(68.1	)	$	(22.2	)	$	5.5

	Year Ended December 31, 2016
	Gathering and Processing			Storage and Transportation			Marketing, Supply and Logistics			Corporate			Total
Revenues	$	1,118.8		$	165.3		$	1,236.4		$	—		$	2,520.5
Intersegment revenues		108.6			4.2			(112.8	)		—			—
Costs of product/services sold		917.0			5.1			1,003.0			—			1,925.1
Operations and maintenance expense		77.0			18.3			59.7			—			155.0
General and administrative expense		—			—			—			85.6			85.6
Loss on long-lived assets, net		(2.0	)		(32.2	)		(31.4	)		—			(65.6	)
Goodwill impairment		(8.6	)		(44.9	)		(109.1	)		—			(162.6	)
Earnings from unconsolidated affiliates, net		20.3			11.2			—			—			31.5
EBITDA	$	243.1		$	80.2		$	(79.6	)	$	(85.6	)	$	158.1
Goodwill	$	45.9		$	—		$	153.1		$	—		$	199.0
Total assets	$	2,561.9		$	1,094.6		$	972.2		$	11.9		$	4,640.6
Purchases of property, plant and equipment	$	76.6		$	3.3		$	19.1		$	1.7		$	100.7
	Year Ended December 31, 2015
	Gathering and Processing			Storage and Transportation			Marketing, Supply and Logistics			Corporate			Total
Revenues	$	1,381.0		$	266.3		$	985.5		$	—		$	2,632.8
Intersegment revenues		66.7			—			(66.7	)		—			—
Costs of product/services sold		1,103.9			20.1			759.5			—			1,883.5
Operations and maintenance expense		89.0			30.2			69.5			—			188.7
General and administrative expense		—			—			—			105.6			105.6
Loss on long-lived assets, net		(194.1	)		(1.4	)		(32.3	)		—			(227.8	)
Goodwill impairment		(72.5	)		(623.4	)		(453.2	)		—			(1,149.1	)
Loss from unconsolidated affiliates, net		(43.4	)		(17.4	)		—			—			(60.8	)
EBITDA	$	(55.2	)	$	(426.2	)	$	(395.7	)	$	(105.6	)	$	(982.7	)
Goodwill	$	54.5		$	771.2		$	259.8		$	—		$	1,085.5
Total assets	$	2,541.6		$	2,216.7		$	1,083.7		$	121.6		$	5,963.6
Purchases of property, plant and equipment	$	132.7		$	26.4		$	22.8		$	0.8		$	182.7

	Year Ended December 31, 2014
	Gathering and Processing			Storage and Transportation			Marketing, Supply and Logistics			Corporate			Total
Revenues	$	2,166.8		$	250.8		$	1,499.9		$	—		$	3,917.5
Intersegment revenues		50.0			—			(50.0	)		—			—
Costs of product/services sold		1,859.9			22.8			1,272.1			—			3,154.8
Operations and maintenance expense		102.8			22.1			70.5			—			195.4
General and administrative expense		—			—			—			91.7			91.7
Gain (loss) on long-lived assets		(32.7	)		0.6			(3.0	)		—			(35.1	)
Goodwill impairment		(18.5	)		—			(30.3	)		—			(48.8	)
Loss on contingent consideration		(8.6	)		—			—			—			(8.6	)
Earnings (loss) from unconsolidated affiliates, net		0.5			(1.2	)		—			—			(0.7	)
EBITDA	$	194.8		$	205.3		$	74.0		$	(91.7	)	$	382.4
Purchases of property, plant and equipment	$	327.9		$	36.4		$	50.9		$	6.5		$	421.7