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Investments
 12 Months Ended
Dec. 31, 2019
Investments, All Other Investments [Abstract]  
Investments Investments
The following table summarizes the components of investments:
 
December 31,
 
2019
 
2018
Investment in equity securities
$
6.9

 
$
—

Equity investments
6.5

 
2.8

Total investments
$
13.4

 
$
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 December 31, 2019, the value of the investment was $6.9, which reflects a $0.1 unrealized loss upon conversion and subsequent mark-to-market. Gains and losses for this investment in equity securities were recorded in other expenses, net on the consolidated statement of income and comprehensive income during the year ended December 31, 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. As defined in our significant policies for fair value measurements in Note 2, Level 2 inputs represent other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. The Stabilis investment is measured at fair value in the consolidated balance sheet as of December 31, 2019 using Level 2 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 C.V., which totaled $2.9 and $2.8 for the years ended December 31, 2019 and 2018, respectively. 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 $0.2, $0.6 and $0.3 for the years ended December 31, 2019, 2018 and 2017, respectively. 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 December 31, 2019. Earnings for 2019 were not material.