| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Gathering and Processing | 712.7 | 674.4 | 513.7 | | | | |
| Water Handling | 185.6 | 226.3 | 278.9 | | | | |
| Third party | 0.5 | | 0.1 | | | | |
| Total revenues | 898.2 | 900.7 | 792.6 | 43.9 | 41.1 | 16.9 | 1.3 |
| Revenue growth [+] | -0.3% | 13.6% | 1707.5% | 6.6% | 142.8% | 1240.5% | |
| Gathering and Processing | 5.7% | 31.3% | | | | | |
| Water Handling | -18.0% | -18.8% | | | | | |
| Cost of goods sold | 157.1 | 165.4 | 195.8 | 43.9 | 41.1 | 0.8 | 0.0 |
| Gross profit | 741.1 | 735.3 | 596.8 | 0.0 | 0.0 | 16.1 | 1.3 |
| Gross margin | 82.5% | 81.6% | 75.3% | 0.0% | 0.0% | 95.2% | 100.0% |
| Selling, general and administrative [+] | 63.8 | 52.2 | 118.1 | 43.9 | 41.1 | | |
| General and administrative | 63.8 | 52.2 | 118.1 | 43.9 | 41.1 | 0.8 | 0.0 |
| Other selling, general and administrative | | | | | | -0.8 | |
| Equity in earnings | 90.5 | 86.4 | 51.3 | 142.9 | 69.7 | 16.9 | 1.3 |
| Other operating expenses | 75.1 | 86.1 | 76.7 | | | | 1.3 |
| EBITDA [+] | 833.9 | 824.8 | 567.3 | | | | |
| EBITDA growth | 1.1% | 45.4% | 472.7% | 246.5% | -13.6% | 2516.6% | |
| EBITDA margin | 92.8% | 91.6% | 71.6% | 225.9% | 69.5% | 195.2% | 100.0% |
| Depreciation | 108.8 | 108.8 | 95.5 | | | | |
| EBITA | 725.1 | 716.0 | 471.8 | 99.1 | 28.6 | 33.1 | 1.3 |
| EBITA margin | 80.7% | 79.5% | 59.5% | 225.9% | 69.5% | 195.2% | 100.0% |
| Amortization of intangibles | 70.7 | 70.7 | 57.0 | | | | |
| EBIT [+] | 654.4 | 645.4 | 414.8 | 99.1 | 28.6 | 33.1 | 1.3 |
| EBIT growth | 1.4% | 55.6% | 318.7% | 246.5% | -13.6% | 2516.6% | |
| EBIT margin | 72.9% | 71.6% | 52.3% | 225.9% | 69.5% | 195.2% | 100.0% |
| Non-recurring items [+] | 8.7 | 676.6 | 762.0 | | | | |
| Asset impairment | 5.0 | 673.6 | 762.0 | | | | |
| Loss (gain) on sale of assets | 3.6 | 2.9 | | | | | |
| Interest expense | 175.3 | 147.0 | 110.4 | 0.1 | | | |
| Interest expense | 175.3 | 147.0 | 110.4 | 0.1 | | | |
| Other income (expense), net [+] | -21.8 | | | | | -16.9 | |
| Gain (loss) on debt retirement | -21.8 | | | | | | |
| Other | -106.6 | -60.6 | -59.1 | | | | |
| Pre-tax income | 448.7 | -178.2 | -457.6 | 98.9 | 28.6 | 16.1 | 1.3 |
| Income taxes | 117.1 | -55.7 | -102.5 | 32.3 | 26.3 | 6.4 | 0.5 |
| Tax rate | 26.1% | 31.2% | 22.4% | 32.7% | 91.9% | 39.8% | 38.2% |
| Net income | 331.6 | -122.5 | -355.1 | 66.6 | 2.3 | 9.7 | 0.8 |
| Net margin | 36.9% | -13.6% | -44.8% | 151.9% | 5.7% | 57.3% | 61.8% |
| |
| Basic EPS [+] | $0.69 | ($0.26) | ($0.80) | $0.36 | $0.01 | | |
| Growth | -371.2% | -68.1% | -324.3% | 2764.4% | | | |
| Diluted EPS [+] | $0.69 | ($0.26) | ($0.80) | $0.36 | $0.01 | | |
| Growth | -369.8% | -68.1% | -324.3% | 2764.4% | | | |
| |
| Dividends per share [+] | $0.99 | $1.23 | $1.12 | $0.46 | $0.09 | | |
| Growth | -19.9% | 10.2% | 141.2% | 440.0% | | | |
| |
| Shares outstanding (basic) [+] | 477.3 | 478.3 | 442.6 | 186.2 | 186.2 | | |
| Growth | -0.2% | 8.1% | 137.7% | 0.0% | | | |
| Shares outstanding (diluted) [+] | 479.7 | 478.3 | 442.6 | 186.2 | 186.2 | | |
| Growth | 0.3% | 8.1% | 137.7% | 0.0% | | | |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |