EQUITY METHOD INTERESTS (Tables)

3 Months Ended

Mar. 31, 2020

Equity Method Investments and Joint Ventures [Abstract]

Summary of equity method investment information

The following presents summarized information of combined statement of operations for Altus’ equity method interests (on a 100 percent basis):

	For the Quarter Ended March 31,
	2020			2019(1)
	(In millions)
Operating revenues	$	176		$	12
Operating expenses	90			8
Operating income	86			4
Net income	77			—
Other comprehensive loss	(8		)	—

(1)

The financial results for all equity method interests are presented for the three months ended March 31, 2019 for comparability.

The following table presents the activity in Altus’ equity method interests for the three months ended March 31, 2020:

	Gulf Coast Express Pipeline LLC			EPIC Crude Holdings, LP			Permian Highway Pipeline LLC		Breviloba, LLC			Total
	(In millions)
Balance at December 31, 2019	$	291		$	163		$	311	$	493		$	1,258
Capital contributions	1			15			67		—			83
Distributions	(13		)	—			—		(9		)	(22		)
Capitalized interest	—			—			3		—			3
Equity income (loss), net	10			(1		)	—		7			16
Accumulated other comprehensive loss	—			(1		)	—		—			(1		)
Balance at March 31, 2020	$	289		$	176		$	381	$	491		$	1,337

	Interest		March 31, 2020		December 31, 2019
			(In millions)
Gulf Coast Express Pipeline LLC	16.0	%	$	289	$	291
EPIC Crude Holdings, LP	15.0	%	176		163
Permian Highway Pipeline LLC	26.7	%	381		311
Shin Oak Pipeline (Breviloba, LLC)	33.0	%	491		493
			$	1,337	$	1,258