Investments in Affiliates

9 Months Ended

Sep. 30, 2023

Equity Method Investments and Joint Ventures [Abstract]

Investments in AffiliatesThe Company's investments in affiliates principally consist of equity investments in limited liability companies in which the Company has the ability to exercise significant influence over the operating and financial policies of these investments. Accordingly, the Company accounts for its investments using the equity method of accounting.

Operating results presented in the Company's condensed consolidated financial statements include the Company's proportionate share of net income (loss) from its equity method investments. Summarized financial information of entities accounted for by the equity method on a combined basis for the three and nine months ended September 30, 2023 and 2022, is as follows (in millions):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Revenues	$	41.4	$	37.0	$	120.0	$	97.8
Operating costs and expenses	36.1		31.8		106.2		89.5
Gross Profit (Loss)	$	5.3	$	5.2	$	13.8	$	8.3
Income (Loss) from Continuing Operations1	$	1.1	$	2.0	$	0.3	$	(2.7)
Net Income (Loss)1	$	1.1	$	2.3	$	0.3	$	2.9

1 Includes earnings from equity method investments held by the investee.

During the nine months ended September 30, 2023 and 2022, Income (loss) related to joint ventures was $1.9 million and $2.3 million, respectively, and return on investment operating cash distributions was zero and $3.3 million, respectively.