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Equity Investments
 9 Months Ended
Sep. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Equity Investments
7. EQUITY INVESTMENTS

The following table presents the financial statement impact of the Partnership’s equity investments for the nine months ended September 30, 2022:

thousandsBalance at December 31, 2021Equity
income, net		ContributionsDistributions
Distributions
in excess of
cumulative
earnings (1)
Acquisitions and DivestituresBalance at September 30, 2022
White Cliffs$40,753 $539 $— $(103)$(2,760)$— $38,429 
Rendezvous22,075 (1,910)— (534)(2,074)— 17,557 
Mont Belvieu JV96,728 21,651 — (21,765)(3,378)— 93,236 
TEG16,116 4,832 75 (4,849)(21)— 16,153 
TEP188,925 32,457 — (32,646)(2,733)— 186,003 
FRP196,632 34,074 455 (34,384)(2,364)— 194,413 
Whitethorn LLC149,690 (2,736)255 3,553 (1,565)— 149,197 
Cactus II171,294 10,903 — (11,028)(7,567)— 163,602 
Saddlehorn110,441 15,813 — (15,470)(5,150)— 105,634 
Panola20,044 1,688 — (1,454)(864)— 19,414 
Mi Vida51,763 8,256 — (7,209)(3,105)— 49,705 
Ranch Westex979 3,392 — (3,392)(8,376)7,397 — 
Red Bluff Express101,747 10,429 8,114 (10,429)(1,101)— 108,760 
Total$1,167,187 $139,388 $8,899 $(139,710)$(41,058)$7,397 $1,142,103 
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(1)Distributions in excess of cumulative earnings, classified as investing cash flows in the consolidated statements of cash flows, are calculated on an individual-investment basis.

In September 2022, the Partnership acquired the remaining 50% interest in Ranch Westex from a third party. Subsequent to the acquisition, the Partnership is the sole owner and operator of the asset and Ranch Westex is no longer accounted for under the equity method of accounting. See Note 3.
During the nine months ended September 30, 2021, the Partnership recognized an impairment loss on its investment in Ranch Westex of $11.8 million that resulted from a decline in value below the carrying value, which was determined to be other than temporary in nature. This investment was impaired to its estimated fair value of $2.9 million, using the income approach and Level-3 fair value inputs, due to a reduction in estimated future cash flows resulting from lower forecasted producer throughput.