XML 58 R39.htm IDEA: XBRL DOCUMENT v3.20.4
Investments in Unconsolidated Affiliates (Tables)
 12 Months Ended
Dec. 31, 2020
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, 2017

 

 

Equity Earnings (Loss)

 

 

Cash Distributions (1)

 

 

Acquisition (Disposition)

 

 

Contributions (2)

 

 

Balance at December 31, 2018

 

GCX (3)

 

$

—

 

 

$

0.8

 

 

$

—

 

 

$

—

 

 

$

210.8

 

 

$

211.6

 

Little Missouri 4

 

 

—

 

 

 

—

 

 

 

(8.0

)

 

 

—

 

 

 

75.3

 

 

 

67.3

 

T2 Eagle Ford

 

 

109.2

 

 

 

(10.2

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

99.0

 

T2 LaSalle

 

 

54.1

 

 

 

(4.9

)

 

 

—

 

 

 

—

 

 

 

0.1

 

 

 

49.3

 

GCF

 

 

45.8

 

 

 

16.8

 

 

 

(22.3

)

 

 

—

 

 

 

—

 

 

 

40.3

 

Cayenne

 

 

8.6

 

 

 

6.4

 

 

 

(4.0

)

 

 

—

 

 

 

5.6

 

 

 

16.6

 

T2 EF Cogen

 

 

3.9

 

 

 

(1.8

)

 

 

—

 

 

 

(2.1

)

 

 

—

 

 

 

—

 

Agua Blanca

 

 

—

 

 

 

0.2

 

 

 

—

 

 

 

3.5

 

 

 

2.7

 

 

 

6.4

 

Total

 

$

221.6

 

 

$

7.3

 

 

$

(34.3

)

 

$

1.4

 

 

$

294.5

 

 

$

490.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2018

 

 

Equity Earnings (Loss)

 

 

Cash Distributions

 

 

Disposition

 

 

Contributions

 

 

Balance at December 31, 2019

 

GCX (3)

 

$

211.6

 

 

$

27.7

 

 

$

(25.3

)

 

$

—

 

 

$

233.5

 

 

$

447.5

 

Little Missouri 4

 

 

67.3

 

 

 

3.4

 

 

 

—

 

 

 

—

 

 

 

33.0

 

 

 

103.7

 

T2 Eagle Ford

 

 

99.0

 

 

 

(9.4

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

89.6

 

T2 LaSalle

 

 

49.3

 

 

 

(4.5

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

44.8

 

GCF

 

 

40.3

 

 

 

16.1

 

 

 

(19.2

)

 

 

—

 

 

 

—

 

 

 

37.2

 

Cayenne

 

 

16.6

 

 

 

7.2

 

 

 

(8.2

)

 

 

—

 

 

 

0.3

 

 

 

15.9

 

Agua Blanca

 

 

6.4

 

 

 

(1.5

)

 

 

(0.4

)

 

 

(4.5

)

 

 

—

 

 

 

—

 

Total

 

$

490.5

 

 

$

39.0

 

 

$

(53.1

)

 

$

(4.5

)

 

$

266.8

 

 

$

738.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2019

 

 

Equity Earnings (Loss)

 

 

Cash

Distributions

 

 

Disposition

 

 

Contributions

 

 

Balance at December 31, 2020

 

GCX (3)

 

$

447.5

 

 

$

66.3

 

 

$

(81.3

)

 

$

—

 

 

$

2.7

 

 

$

435.2

 

Little Missouri 4

 

 

103.7

 

 

 

10.8

 

 

 

(9.8

)

 

 

—

 

 

 

—

 

 

 

104.7

 

T2 Eagle Ford (4)

 

 

89.6

 

 

 

(8.9

)

 

 

(0.9

)

 

 

—

 

 

 

—

 

 

 

79.8

 

T2 LaSalle (4)

 

 

44.8

 

 

 

(4.8

)

 

 

(0.4

)

 

 

—

 

 

 

—

 

 

 

39.6

 

GCF (5)

 

 

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

 

 

(1)

Includes an $8.0 million distribution from Little Missouri 4 as a reimbursement of pre-formation expenditures.

(2)

Includes a $16.0 million initial contribution of property, plant and equipment to Little Missouri 4.

(3)

As discussed in Note 4 –Joint Ventures and Divestitures, our 25% interest in GCX is owned by GCX DevCo JV, of which we own a 20% interest. GCX DevCo JV is accounted for on a consolidated basis in our consolidated financial statements.

(4)

The carrying values of the T2 Joint Ventures include the effects of the Atlas Merger purchase accounting, which determined fair values for the joint ventures as of the date of acquisition. As of December 31, 2020, $21.6 million of unamortized excess fair value over the T2 LaSalle and T2 Eagle Ford capital accounts remained. These basis differences, which are attributable to the underlying depreciable tangible gathering assets, are being amortized on a straight-line basis as components of equity earnings over the estimated 20-year useful lives of the underlying assets.

(5)

Targa will assume operatorship of GCF in the first half of 2021.