Equity Method Investments

9 Months Ended

Sep. 30, 2015

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

Equity Method Investments

The Company holds a 25% equity interest in Constitution Pipeline Company, LLC (Constitution) and a 20% equity interest in Meade Pipeline Co LLC (Meade). Activity related to these equity method investments is as follows:

	Constitution				Meade						Total
	Nine Months Ended September 30,				Nine Months Ended September 30,						Nine Months Ended September 30,
(In thousands)	2015		2014		2015			2014			2015		2014
Balance at beginning of period	$	64,269	$	26,892	$	3,760		$	—		$	68,029	$	26,892
Contributions	13,500		26,575		7,298			2,209			20,798		28,784
Earnings (loss) on equity method investments	4,608		1,938		(27		)	(119		)	4,581		1,819
Balance at end of period	$	82,377	$	55,405	$	11,031		$	2,090		$	93,408	$	57,495

The following table represents summarized financial information for Constitution as derived from the respective unaudited financial statements of Constitution for the nine months ended September 30, 2015 and 2014, respectively:

	Nine Months Ended September 30, 2015
(In thousands)	2015		2014
Revenues	$	—	$	—
Income (loss) from continuing operations	$	19,366	$	9,723
Net income	$	19,366	$	9,723

The Company records the activity for its equity method investments on a one month lag; however, the above summarized financial information represents Constitution's operations for the nine months ended September 30, 2015 and 2014, respectively. For further information regarding the Company’s equity method investments, refer to Note 4 of the Notes to the Consolidated Financial Statements in the Form 10-K.