XML 68 R57.htm IDEA: XBRL DOCUMENT v3.22.2.2
EQUITY METHOD INVESTMENTS - Information of Equity Method Investments (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Feb. 22, 2022
Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]            
Equity method interests $ 2,372,596,000   $ 2,372,596,000     $ 626,477,000
Difference between carrying amount and underlying equity 349,800,000   349,800,000     0
Capitalized interest 12,500,000   12,500,000     $ 12,800,000
Movement In Equity Method Interests [Roll Forward]            
Beginning balance     626,477,000      
Acquisitions     1,755,000,000      
Contributions     56,199,000      
Distributions     (185,786,000)      
Equity income, net [1] 45,003,000 $ 16,826,000 120,706,000 $ 44,692,000    
Ending balance $ 2,372,596,000   $ 2,372,596,000      
Permian Highway Pipeline (“PHP”)            
Movement In Equity Method Interests [Roll Forward]            
Ownership percentage by noncontrolling owners         26.67%  
Permian Highway Pipeline LLC            
Schedule of Equity Method Investments [Line Items]            
Ownership percentage 53.30%   53.30%     26.70%
Equity method interests $ 1,459,096,000   $ 1,459,096,000     $ 626,477,000
Movement In Equity Method Interests [Roll Forward]            
Beginning balance     626,477,000      
Acquisitions     815,000,000      
Contributions     56,199,000      
Distributions     (125,526,000)      
Equity income, net     86,946,000      
Ending balance $ 1,459,096,000   1,459,096,000      
Amortization     $ (5,300,000)      
Breviloba, LLC (Shin Oak)            
Schedule of Equity Method Investments [Line Items]            
Ownership percentage 33.00%   33.00%      
Equity method interests $ 462,691,000   $ 462,691,000     0
Movement In Equity Method Interests [Roll Forward]            
Beginning balance     0      
Acquisitions     470,000,000      
Contributions     0      
Distributions     (25,810,000)      
Equity income, net     18,501,000      
Ending balance $ 462,691,000   462,691,000      
Amortization     $ (500,000)      
Gulf Coast Express Pipeline LLC            
Schedule of Equity Method Investments [Line Items]            
Ownership percentage 16.00%   16.00%      
Equity method interests $ 450,809,000   $ 450,809,000     $ 0
Movement In Equity Method Interests [Roll Forward]            
Beginning balance     0      
Acquisitions     470,000,000      
Contributions     0      
Distributions     (34,450,000)      
Equity income, net     15,259,000      
Ending balance $ 450,809,000   450,809,000      
Amortization     $ (10,400,000)      
EPIC Crude Holdings, LP            
Schedule of Equity Method Investments [Line Items]            
Ownership percentage 15.00%   15.00%      
[1] The results of the legacy ALTM business are not included in the Company’s consolidated financials prior to February 22, 2022. Refer to the basis of presentation in Note 1—Description of the Organization and Summary of Significant Accounting Policies in the Notes to our Condensed Consolidated Financial Statements in this Form 10-Q for further information.