| Schedule of Segment Reporting Information, by Segment |
The tables below show financial information by segment (in millions):
| | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended September 30, 2025 | | | Natural Gas | | Natural Gas Liquids | | Total | Revenues | | | | | | | | Revenue from external customers | | $ | 358.7 | | | $ | 182.2 | | | $ | 540.9 | | Intrasegment revenues | | 12.1 | | | — | | | 12.1 | | | | $ | 370.8 | | | $ | 182.2 | | | $ | 553.0 | | | Reconciliation of revenues: | | | | | | | | | | | | | | Elimination of intrasegment revenues | | | | | | (12.1) | | | Total consolidated revenues | | | | | | $ | 540.9 | | | | | | | | | | Less: | | | | | | | | Costs associated with service revenues | | $ | 11.0 | | | $ | 5.2 | | | | | Costs associated with product sales | | — | | | 101.9 | | | | | Operation and maintenance | | 67.8 | | | 11.9 | | | | | Administrative and general | | 46.9 | | | 7.8 | | | | | Taxes other than income taxes | | 29.4 | | | 3.2 | | | | | Loss on sale of assets, impairments and other | | 0.2 | | | — | | | | | Miscellaneous other income, net | | (1.0) | | | — | | | | Segment EBITDA | | $ | 216.5 | | | $ | 52.2 | | | $ | 268.7 | | | | | | | | | | Reconciliation of profit or loss: | | | | | | | | | | | | | | | | | | | | | | Depreciation and amortization | | | | | | $ | 106.2 | | | Interest expense | | | | | | 39.5 | | | Interest income | | | | | | (4.0) | | Consolidated income before income taxes | | | | | | $ | 127.0 | |
| | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended September 30, 2024 | | | Natural Gas | | Natural Gas Liquids | | Total | | Revenues | | | | | | | | Revenue from external customers | | $ | 320.6 | | | $ | 152.9 | | | $ | 473.5 | | Intrasegment revenues | | 12.6 | | | — | | | 12.6 | | | | $ | 333.2 | | | $ | 152.9 | | | $ | 486.1 | | | Reconciliation of revenues: | | | | | | | Elimination of intrasegment revenues | | | | | | (12.6) | | | Total consolidated revenues | | | | | | $ | 473.5 | | | | | | | | | | Less: | | | | | | | | Costs associated with service revenues | | $ | 9.4 | | | $ | 4.9 | | | | | Costs associated with product sales | | — | | | 62.7 | | | | | Operation and maintenance | | 64.6 | | | 13.6 | | | | | Administrative and general | | 43.6 | | | 6.7 | | | | | Taxes other than income taxes | | 26.7 | | | 3.5 | | | | Loss on sale of assets, impairments and other | | 0.2 | | | 1.0 | | | | | Miscellaneous other income, net | | (0.4) | | | — | | | | Segment EBITDA | | $ | 189.1 | | | $ | 60.5 | | | $ | 249.6 | | | | | | | | | | Reconciliation of profit or loss: | | | | | | | | Depreciation and amortization | | | | | | $ | 105.7 | | | Interest expense | | | | | | 46.8 | | | Interest income | | | | | | (9.7) | | Consolidated income before income taxes | | | | | | $ | 106.8 | |
| | | | | | | | | | | | | | | | | | | | | | | For the Nine Months Ended September 30, 2025 | | | Natural Gas | | Natural Gas Liquids | | Total | Revenues | | | | | | | | Revenue from external customers | | $ | 1,131.8 | | | $ | 561.7 | | | $ | 1,693.5 | | Intrasegment revenues | | 38.0 | | | — | | | 38.0 | | | | $ | 1,169.8 | | | $ | 561.7 | | | $ | 1,731.5 | | | Reconciliation of revenues: | | | | | | | | | | | | | | Elimination of intrasegment revenues | | | | | | (38.0) | | | Total consolidated revenues | | | | | | $ | 1,693.5 | | | | | | | | | | Less: | | | | | | | | Costs associated with service revenues | | $ | 34.5 | | | $ | 13.8 | | | | | Costs associated with product sales | | — | | | 320.4 | | | | | Operation and maintenance | | 178.4 | | | 34.5 | | | | | Administrative and general | | 137.4 | | | 21.1 | | | | | Taxes other than income taxes | | 88.6 | | | 9.6 | | | | Gain on sale of assets, impairments and other | | (0.7) | | | — | | | | | Miscellaneous other income, net | | (2.8) | | | — | | | | Segment EBITDA | | $ | 734.4 | | | $ | 162.3 | | | $ | 896.7 | | | | | | | | | | Reconciliation of profit or loss: | | | | | | | | | | | | | | | | | | | | | | Depreciation and amortization | | | | | | $ | 330.6 | | | Interest expense | | | | | | 118.8 | | | Interest income | | | | | | (8.0) | | Consolidated income before income taxes | | | | | | $ | 455.3 | |
| | | | | | | | | | | | | | | | | | | | | | | For the Nine Months Ended September 30, 2024 | | | Natural Gas | | Natural Gas Liquids | | Total | | Revenues | | | | | | | | Revenue from external customers | | $ | 1,011.9 | | | $ | 449.6 | | | $ | 1,461.5 | | Intrasegment revenues | | 37.3 | | | — | | | 37.3 | | | | $ | 1,049.2 | | | $ | 449.6 | | | $ | 1,498.8 | | | Reconciliation of revenues: | | | | | | | Elimination of intrasegment revenues | | | | | | (37.3) | | | Total consolidated revenues | | | | | | $ | 1,461.5 | | | | | | | | | | Less: | | | | | | | | Costs associated with service revenues | | $ | 29.2 | | | $ | 14.2 | | | | | Costs associated with product sales | | — | | | 205.4 | | | | | Operation and maintenance | | 173.5 | | | 42.7 | | | | | Administrative and general | | 131.7 | | | 20.2 | | | | | Taxes other than income taxes | | 80.3 | | | 10.3 | | | | (Gain) loss on sale of assets, impairments and other | | (7.5) | | | 1.0 | | | | | Miscellaneous other income, net | | (4.2) | | | (0.1) | | | | Segment EBITDA | | $ | 646.2 | | | $ | 155.9 | | | $ | 802.1 | | | | | | | | | | Reconciliation of profit or loss: | | | | | | | | Depreciation and amortization | | | | | | $ | 317.7 | | | Interest expense | | | | | | 137.0 | | | Interest income | | | | | | (22.2) | | Consolidated income before income taxes | | | | | | $ | 369.6 | |
Segment assets include Property, plant, and equipment – net, Intangible assets – net of accumulated amortization and Goodwill. The following table reflects segment assets (in millions): | | | | | | | | | | | | | As of September 30, 2025 | | As of December 31, 2024 | Natural Gas | $ | 7,540.5 | | | $ | 7,490.1 | | | Natural Gas Liquids | 1,491.9 | | | 1,628.7 | | Total Segment Assets | $ | 9,032.4 | | | $ | 9,118.8 | | | | | | | | | | | | | |
The following table reflects capital expenditures by segment (in millions): | | | | | | | | | | | | | For the Nine Months Ended September 30, | | 2025 | | 2024 | Natural Gas | $ | 198.7 | | | $ | 252.3 | | | Natural Gas Liquids | 23.7 | | | 39.6 | | Total | $ | 222.4 | | | $ | 291.9 | |
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