Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2012

Segment Reporting [Abstract]

Schedule Of Segment Reporting Information By Segment

The following tables set forth certain selected financial information for the Company’s segments for the periods presented or at the dates indicated:

	Successor		Predecessor
	Three months ended June 30, 2012		Three months ended June 30, 2011
Operating revenues from external customers:
Transportation and Storage	$	185,216	$	189,760
Gathering and Processing	197,476		328,515
Distribution	86,220		109,076
Total segment operating revenues	468,912		627,351
Corporate and other activities	3,558		4,256
	$	472,470	$	631,607

	Successor		Predecessor
	Period from Acquisition (March 26, 2012) to June 30, 2012		Period from January 1, 2012 to March 25, 2012		Six months ended June 30, 2011
Operating revenues from external customers:
Transportation and Storage	$	198,692	$	193,921	$	392,054
Gathering and Processing	216,833		246,463		552,167
Distribution	94,505		190,499		425,649
Total segment operating revenues	510,030		630,883		1,369,870
Corporate and other activities	2,152		2,766		8,559
	$	512,182	$	633,649	$	1,378,429

	Successor			Predecessor
	Three months ended June 30, 2012			Three months ended June 30, 2011
Segment Adjusted EBITDA:
Transportation and Storage	$	115,919		$	203,368
Gathering and Processing	22,362			39,473
Distribution	23,314			12,027
Corporate and other activities	637			(1,044		)
Total Segment Adjusted EBITDA	162,232			253,824
Depreciation and amortization	(74,476		)	(59,295		)
Unrealized gains on unhedged derivative activities	—			331
Non-cash equity-based compensation, accretion expense and amortization of regulatory assets	(4,860		)	(2,700		)
Other, net	175			224
Proportionate share of unconsolidated investments' interest, depreciation and allowance for equity funds used during construction	(3,185		)	(52,090		)
Interest expense	(57,303		)	(54,933		)
Earnings before income taxes	22,583			85,361
Income tax expense	(10,858		)	(25,588		)
Net earnings	$	11,725		$	59,773

	Successor			Predecessor
	Period from Acquisition (March 26, 2012) to June 30, 2012			Period from January 1, 2012 to March 25, 2012			Six months ended June 30, 2011
Segment Adjusted EBITDA:
Transportation and Storage	$	82,644		$	185,706		$	370,120
Gathering and Processing	10,859			25,338			60,206
Distribution	13,446			33,554			44,304
Corporate and other activities	(1,406		)	(18,845		)	1,185
Total Segment Adjusted EBITDA	105,543			225,753			475,815
Depreciation and amortization	(79,199		)	(56,544		)	(118,622		)
Unrealized losses on unhedged derivative activities	—			—			(14,413		)
Net gain on curtailment of OPEB plans	15,332			—			—
Non-cash equity-based compensation, accretion expense and amortization of regulatory assets	(4,860		)	(1,350		)	(4,654		)
Other, net	191			284			366
Proportionate share of unconsolidated investments' interest, depreciation and allowance for equity funds used during construction	(3,181		)	(44,948		)	(63,323		)
Interest expense	(61,684		)	(50,407		)	(110,504		)
Earnings (loss) before income taxes	(27,858		)	72,788			164,665
Income tax benefit (expense)	1,076			(22,871		)	(44,230		)
Net earnings (loss)	$	(26,782	)	$	49,917		$	120,435

	Successor		Predecessor
	June 30, 2012		December 31, 2011
Total assets:
Transportation and Storage	$	5,755,369	$	5,288,967
Gathering and Processing	2,805,884		1,742,516
Distribution	1,245,794		1,075,253
Total segment assets	9,807,047		8,106,736
Corporate and other activities	90,401		164,123
Total assets	$	9,897,448	$	8,270,859

	Successor		Predecessor
	Three months ended June 30, 2012		Three months ended June 30, 2011
Expenditures for long-lived assets:
Transportation and Storage	$	32,676	$	28,911
Gathering and Processing	34,930		20,903
Distribution	14,231		13,447
Total segment expenditures for long-lived assets	81,837		63,261
Corporate and other activities	841		1,321
Total expenditures for long-lived assets	$	82,678	$	64,582

Related cash impact includes the net reduction in capital accruals totaling $0.2 million and $10.4 million for the three months ended June 30, 2012 and 2011, respectively.

	Successor		Predecessor
	Period from Acquisition (March 26, 2012) to June 30, 2012		Period from January 1, 2012 to March 25, 2012		Six months ended June 30, 2011
Expenditures for long-lived assets:
Transportation and Storage	$	34,205	$	21,047	$	39,169
Gathering and Processing	34,930		42,698		56,513
Distribution	14,231		7,075		20,409
Total segment expenditures for long-lived assets	83,366		70,820		116,091
Corporate and other activities	841		952		1,904
Total expenditures for long-lived assets	$	84,207	$	71,772	$	117,995

Related cash impact includes the net reduction in capital accruals totaling $0.5 million, $13.7 million and $26.0 million for the Successor and Predecessor periods in 2012 and the six months ended June 30, 2011, respectively.