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EQUITY METHOD INTERESTS (Tables)
 3 Months Ended
Mar. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
As of March 31, 2021, the Company owned the following equity method interests in Permian Basin long-haul pipeline entities. For each of the equity method interests, the Company has the ability to exercise significant influence based on certain governance provisions and its participation in the significant activities and decisions that impact the management and economic performance of the equity method interests. The table below presents the ownership percentage held by the Company for each entity:
March 31, 2021December 31, 2020
OwnershipAmountAmount
(In thousands)
Gulf Coast Express Pipeline LLC16.0%$280,787 $283,530 
EPIC Crude Holdings, LP15.0%172,592 176,640 
Permian Highway Pipeline LLC26.7%638,723 615,186 
Breviloba, LLC33.0%474,570 479,826 
$1,566,672 $1,555,182 
The following table presents the activity in the Company’s equity method interests for the three months ended March 31, 2021:
Gulf Coast Express Pipeline LLCEPIC Crude Holdings, LPPermian Highway Pipeline LLCBreviloba, LLC
Total
(In thousands)
Balance at December 31, 2020$283,530 $176,640 $615,186 $479,826 $1,555,182 
Contributions— — 20,522 — 20,522 
Distributions(12,257)— (8,203)(10,890)(31,350)
Equity income (loss), net(1)
9,514 (4,678)11,218 5,634 21,688 
Accumulated other comprehensive income— 630 — — 630 
Balance at March 31, 2021$280,787 $172,592 $638,723 $474,570 $1,566,672 
(1)As of March 31, 2021, the amount of consolidated earnings, net of amortization basis differences, which represents undistributed earnings, was $3.2 million from Permian Highway Pipeline LLC.
Schedule of Equity Method Investment, Summarized Financial Information
The following table represents aggregated selected income statement data for the Company’s equity method interests (on a 100 percent basis):
Three Months Ended March 31,
20212020
Gulf Coast Express Pipeline LLCEPIC Crude Holdings, LPPermian Highway Pipeline LLCBreviloba, LLCGulf Coast Express Pipeline LLCEPIC Crude Holdings, LPPermian Highway Pipeline LLCBreviloba, LLC
(In thousands)
Revenues$88,369 $33,206 $97,848 $34,529 $92,205 $40,759 $— $42,818 
Operating income (loss)60,108 (8,384)42,580 17,300 65,706 (5,671)(23)25,589 
Net income (loss)59,768 (31,039)42,580 17,359 65,658 (13,984)425 22,184 
Other comprehensive income (loss)— 4,197 — — — (7,887)— —