v3.25.2
Reportable Segments Table - Segment Adjusted EBITDA (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Segment Reporting Information [Line Items]          
Segment Adjusted EBITDA $ 3,866 $ 3,760 $ 7,964 $ 7,640  
Depreciation, depletion and amortization 1,384 1,213 2,751 2,467  
Interest Expense 865 762 1,674 1,490  
Gain on interest rate derivative [1] 0 (3) 0 (12)  
Non-cash compensation expense 33 30 70 76  
Unrealized (gains) losses on commodity risk management activities (100) (38) (31) 103  
Equity in earnings of unconsolidated affiliates [2] (105) (85) (197) (183)  
Income tax expense 79 227 120 316  
Impairment losses 3 50 7 50  
Net income 1,458 1,992 3,178 3,684  
Inventory valuation adjustments 40 32 (21) (98)  
Losses on extinguishments of debt 17 6 19 11  
Investments in unconsolidated affiliates [3] 3,243   3,243   $ 3,266
Segment, Expenditure, Addition to Long-Lived Assets [4] 1,486 926 2,740 1,654  
Assets 125,022   125,022   125,380
Other Operating Income (Expense), Net [5] 132 175 327 371  
Selling, general and administrative expenses, excluding non-cash compensation and accretion expenses 236 313 498 539  
Operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses: 1,326 1,222 2,610 2,344  
Cost of products sold 13,946 15,609 29,517 32,206  
Other, net 10 2 45 (7)  
Adjusted EBITDA attributable to unconsolidated affiliates 182 170 349 341  
Gain (Loss) on Disposition of Assets 0 (598) 0 (598)  
Intersegment Eliminations [Member]          
Segment Reporting Information [Line Items]          
Other Operating Income (Expense), Net [5] (53) (3) (103) (6)  
Operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses: (48) (18) (93) (41)  
Cost of products sold (3,659) (2,808) (7,728) (5,833)  
Intrastate Transportation And Storage [Member]          
Segment Reporting Information [Line Items]          
Segment Adjusted EBITDA 284 328 628 766  
Depreciation, depletion and amortization 51 53 102 107  
Equity in earnings of unconsolidated affiliates [2] (3) (3) (8) (8)  
Investments in unconsolidated affiliates [3] 151   151   150
Segment, Expenditure, Addition to Long-Lived Assets [4] 273 32 499 46  
Selling, general and administrative expenses, excluding non-cash compensation and accretion expenses 10 14 24 26  
Intrastate Transportation And Storage [Member] | Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Assets 6,628   6,628   6,289
Other Operating Income (Expense), Net [5] (15) (24) 70 48  
Operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses: 61 66 118 119  
Cost of products sold 561 205 1,525 692  
Investment In Sunoco LP [Member]          
Segment Reporting Information [Line Items]          
Segment Adjusted EBITDA 454 320 912 562  
Depreciation, depletion and amortization 154 78 310 121  
Segment, Expenditure, Addition to Long-Lived Assets [4] 160 78 261 119  
Selling, general and administrative expenses, excluding non-cash compensation and accretion expenses 47 132 83 164  
Investment In Sunoco LP [Member] | Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Assets 14,428   14,428   14,375
Other Operating Income (Expense), Net [5] 94 37 93 (68)  
Operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses: 162 149 320 254  
Cost of products sold 4,821 5,609 9,347 10,624  
Investment In USAC [Member]          
Segment Reporting Information [Line Items]          
Segment Adjusted EBITDA 149 144 299 283  
Depreciation, depletion and amortization 71 66 141 129  
Segment, Expenditure, Addition to Long-Lived Assets [4] 30 76 63 187  
Selling, general and administrative expenses, excluding non-cash compensation and accretion expenses 14 14 28 29  
Investment In USAC [Member] | Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Assets 2,671   2,671   2,746
Other Operating Income (Expense), Net [5] 0 1 0 1  
Operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses: 47 43 90 82  
Cost of products sold 40 36 78 72  
Interstate Transportation and Storage [Member]          
Segment Reporting Information [Line Items]          
Segment Adjusted EBITDA 470 392 982 875  
Depreciation, depletion and amortization 141 144 283 286  
Equity in earnings of unconsolidated affiliates [2] (72) (51) (135) (113)  
Investments in unconsolidated affiliates [3] 2,344   2,344   2,350
Segment, Expenditure, Addition to Long-Lived Assets [4] 79 68 125 117  
Selling, general and administrative expenses, excluding non-cash compensation and accretion expenses 26 32 63 65  
Interstate Transportation and Storage [Member] | Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Assets 17,102   17,102   17,656
Other Operating Income (Expense), Net [5] 130 117 249 235  
Operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses: 221 210 410 413  
Cost of products sold 3 2 5 3  
Midstream [Member]          
Segment Reporting Information [Line Items]          
Segment Adjusted EBITDA 768 693 1,693 1,389  
Depreciation, depletion and amortization 459 394 907 823  
Equity in earnings of unconsolidated affiliates [2] (3) (4) (6) (8)  
Investments in unconsolidated affiliates [3] 129   129   132
Segment, Expenditure, Addition to Long-Lived Assets [4] 384 203 733 381  
Selling, general and administrative expenses, excluding non-cash compensation and accretion expenses 47 43 103 87  
Midstream [Member] | Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Assets 29,135   29,135   30,473
Other Operating Income (Expense), Net [5] 7 7 13 15  
Operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses: 416 321 837 644  
Cost of products sold 1,911 1,457 4,171 3,176  
NGL and refined products transportation and services [Member]          
Segment Reporting Information [Line Items]          
Segment Adjusted EBITDA 1,033 1,070 2,011 2,059  
Depreciation, depletion and amortization 248 254 496 512  
Equity in earnings of unconsolidated affiliates [2] (20) (20) (37) (39)  
Investments in unconsolidated affiliates [3] 371   371   383
Segment, Expenditure, Addition to Long-Lived Assets [4] 385 334 748 554  
Selling, general and administrative expenses, excluding non-cash compensation and accretion expenses 41 34 89 76  
NGL and refined products transportation and services [Member] | Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Assets 25,886   25,886   27,445
Other Operating Income (Expense), Net [5] (2) 53 3 105  
Operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses: 230 232 477 460  
Cost of products sold 4,635 4,512 10,276 9,831  
Crude oil transportation and services [Member]          
Segment Reporting Information [Line Items]          
Segment Adjusted EBITDA 732 801 1,474 1,649  
Depreciation, depletion and amortization 244 239 481 486  
Equity in earnings of unconsolidated affiliates [2] (5) (6) (9) (13)  
Investments in unconsolidated affiliates [3] 188   188   193
Segment, Expenditure, Addition to Long-Lived Assets [4] 50 91 157 180  
Selling, general and administrative expenses, excluding non-cash compensation and accretion expenses 38 36 82 72  
Crude oil transportation and services [Member] | Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Assets 27,742   27,742   25,231
Other Operating Income (Expense), Net [5] (16) (10) (11) 18  
Operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses: 237 216 450 404  
Cost of products sold 4,725 6,309 9,939 12,903  
All Other Segment          
Segment Reporting Information [Line Items]          
Segment Adjusted EBITDA (24) 12 (35) 57  
Depreciation, depletion and amortization 16 (15) 31 3  
Equity in earnings of unconsolidated affiliates [2] (2) (1) (2) (2)  
Investments in unconsolidated affiliates [3] 60   60   58
Segment, Expenditure, Addition to Long-Lived Assets [4] 125 44 154 70  
Assets 1,430   1,430   $ 1,165
Other Operating Income (Expense), Net [5] (13) (3) 13 23  
Selling, general and administrative expenses, excluding non-cash compensation and accretion expenses 13 8 26 20  
All Other Segment | Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses: 0 3 1 9  
Cost of products sold $ 909 $ 287 $ 1,904 $ 738  
[1] This interest rate derivative was terminated by USAC in August 2024.
[2] Amounts reflected above exclude Sunoco LP’s earnings from the ET-S Permian and J.C. Nolan joint ventures, which are eliminated in consolidation.
[3] Amounts reflected above exclude Sunoco LP’s investments in the ET-S Permian and J.C. Nolan joint ventures, which are eliminated in consolidation.
[4] Amounts are presented on the accrual basis, net of contributions in aid of constructions costs. Amounts exclude acquisitions and include only the Partnership’s proportionate share of capital expenditures related to joint ventures.
[5] Other income and expense include, if applicable to a segment, Adjusted EBITDA related to unconsolidated affiliates, unrealized gains and losses on commodity risk management activities and other items. For the investment in Sunoco LP segment, this also includes inventory valuation adjustments.