Investment in Unconsolidated Affiliates

3 Months Ended

Mar. 31, 2023

Equity Method Investments and Joint Ventures [Abstract]

(10) Investment in Unconsolidated Affiliates

As of March 31, 2023, our unconsolidated investments consisted of a 38.75% ownership in GCF, a 30% ownership in the Cedar Cove JV, and a 15% ownership in the Matterhorn JV. The following table shows the activity related to our investment in unconsolidated affiliates for the periods indicated (in millions):


	Three Months Ended March 31,
	2023		2022
GCF
Contributions	$	6.2	$	—

Equity in loss	$	(1.1)	$	(0.7)

Cedar Cove JV

Distributions	$	(0.1)	$	(0.2)
Equity in loss	$	(0.6)	$	(0.4)

Matterhorn JV
Contributions	$	43.5	$	—

Equity in income	$	1.6	$	—

Total
Contributions	$	49.7	$	—
Distributions	$	(0.1)	$	(0.2)
Equity in loss	$	(0.1)	$	(1.1)

The following table shows the balances related to our investment in unconsolidated affiliates as of March 31, 2023 and December 31, 2022 (in millions):


	March 31, 2023		December 31, 2022
GCF	$	31.4	$	26.3
Cedar Cove JV (1)	(5.1)		(4.4)
Matterhorn JV	109.0		63.9
Total investment in unconsolidated affiliates	$	135.3	$	85.8

____________________________

(1)As of March 31, 2023 and December 31, 2022, our investment in the Cedar Cove JV is classified as “Other long-term liabilities” on the consolidated balance sheets.