Discontinued Operations

12 Months Ended

Dec. 31, 2016

Discontinued Operations

Discontinued Operations

(18) Discontinued Operations

The Predecessor’s historical assets comprised all of Devon’s U.S. midstream assets and operations. However, only the Partnership’s assets serving the Barnett, Cana-Woodford and Arkoma-Woodford Shales, as well as contractual rights to the benefits and burdens associated with Devon’s 38.75% interest in GCF, were contributed to Midstream Holdings in connection with the Business Combination on March 7, 2014. All operations activity related to the non-contributed assets prior to March 7, 2014 are classified as discontinued operations.

The following schedule summarizes net income from discontinued operations (in millions):

	Year Ended December 31,
	2014
Revenues:
Revenues	$	6.8
Revenues - related parties		10.5
Total revenues		17.3
Operating costs and expenses:
Operating costs and expenses		15.7
Total operating costs and expenses		15.7
Income before income taxes		1.6
Income tax provision		(0.6)
Net income	$	1.0