EQUITY METHOD INTERESTS (Tables)

6 Months Ended

Jun. 30, 2020

Equity Method Investments and Joint Ventures [Abstract]

Summary of Equity Method Investment Information

The following presents summarized information of combined statement of operations for Altus’ equity method interests (on a 100 percent basis):

	For the Six Months Ended June 30,
	2020			2019(1)
	(In millions)
Operating revenues	$	351		$	52
Operating expenses	169			23
Operating income	182			29
Net income	159			21
Other comprehensive loss	(5		)	(9		)

(1)

Although Altus’ interests in EPIC Crude Holdings, LP, Permian Highway Pipeline LLC, and Breviloba, LLC were acquired in March, May, and July 2019, respectively, the combined financial results are presented for the six months ended June 30, 2019 for comparability.

The following table presents the activity in Altus’ equity method interests for the six months ended June 30, 2020:

	Gulf Coast Express Pipeline LLC			EPIC Crude Holdings, LP			Permian Highway Pipeline LLC		Breviloba, LLC			Total
	(In millions)
Balance at December 31, 2019	$	291		$	163		$	311	$	493		$	1,258
Capital contributions	1			15			138		—			154
Distributions	(26		)	—			—		(16		)	(42		)
Capitalized interest	—			—			5		—			5
Equity income (loss), net	21			(2		)	—		15			34
Accumulated other comprehensive loss	—			(1		)	—		—			(1		)
Balance at June 30, 2020	$	287		$	175		$	454	$	492		$	1,408

	Interest		June 30, 2020		December 31, 2019
			(In millions)
Gulf Coast Express Pipeline LLC	16.0	%	$	287	$	291
EPIC Crude Holdings, LP	15.0	%	175		163
Permian Highway Pipeline LLC	26.7	%	454		311
Shin Oak Pipeline (Breviloba, LLC)	33.0	%	492		493
			$	1,408	$	1,258