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Investments
 9 Months Ended
Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]  
Investments Investments
The following table summarizes our Investments:
 
September 30, 2019
 
December 31, 2018
Investment in equity securities
$
9.6

 
$
—

Equity investments
6.3

 
2.8

Total investments
$
15.9

 
$
2.8


Investment in equity securities
During the third quarter of 2019, we made an investment in Stabilis Energy, Inc. (“Stabilis”) by converting $7.0 of a note receivable from Stabilis into an investment in their company stock. As of September 30, 2019, the value of the investment was $9.6, which reflects a $2.6 unrealized gain upon conversion and mark-to-market for this investment in equity securities recorded in other income (expense), net on the condensed consolidated statement of income and comprehensive income during the three and nine months ended September 30, 2019.
We categorize our financial assets and liabilities that are recorded at fair value into a hierarchy based on whether the inputs to valuation techniques are observable to unobservable. Level 1 inputs represent quoted prices in active markets for identical assets and liabilities as of the measurement date. The Stabilis investment is measured at fair value in the condensed consolidated balance sheet as of September 30, 2019 using Level 1 inputs.
Equity method accounting investments
Our equity investments accounted for under the equity method of accounting include a 50% ownership interest in a joint venture with Hudson Products de Mexico S.A. de CV which totaled $3.0 at September 30, 2019 and December 31, 2018. This investment is operated and managed by our joint venture partner and as such, we do not have control over the joint venture and therefore is not consolidated. Our equity in earnings from this investment was $0.3 million for both the nine months ended September 30, 2019 and 2018. Earnings for the third quarter of 2019 and 2018 were not material. Additionally, we have a 25% ownership interest in Liberty LNG which we invested in during the third quarter of 2019 which totaled $3.3 at September 30, 2019. No earnings or losses have been recorded for this investment.