v3.26.1
Segment Information - Segment Adjusted EBITDA (Details) - USD ($)
$ in Millions
 3 Months Ended
Jun. 16, 2025
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax   $ 2,349 $ 2,460
Sales-type lease revenue   48 37
Income from equity method investments   182 186
Revenues   3,038 3,124
Purchased product costs   498 459
Capital Expenditures   665 268
Investments - acquisitions and contributions   238 119
Nonrelated Party [Member]      
Segment Reporting Information [Line Items]      
Rental income   65 64
Other Income   7 10
Crude Oil and Products Logistics      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax   1,179 1,166
Crude Oil and Products Logistics | Nonrelated Party [Member]      
Segment Reporting Information [Line Items]      
Revenues   162 177
Natural Gas and NGL Services      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax   1,170 1,294
Natural Gas and NGL Services | MXP Parent, LLC      
Segment Reporting Information [Line Items]      
Investments - acquisitions and contributions $ 151    
Natural Gas and NGL Services | Nonrelated Party [Member]      
Segment Reporting Information [Line Items]      
Revenues   1,331 1,439
Operating Segments      
Segment Reporting Information [Line Items]      
Adjusted EBITDA   1,729 1,757
Operating Segments | Crude Oil and Products Logistics      
Segment Reporting Information [Line Items]      
Rental income   249 219
Sales-type lease revenue   102 115
Income from equity method investments   62 56
Other Income   28 36
Revenues [1]   1,620 1,592
Operating Expenses   540 528
Segment Reporting, Other Segment Item, Amount [2]   (31) (33)
Adjusted EBITDA [3]   1,111 1,097
Capital Expenditures   104 115
Operating Segments | Natural Gas and NGL Services      
Segment Reporting Information [Line Items]      
Rental income   58 56
Sales-type lease revenue   48 37
Income from equity method investments   120 130
Other Income   22 15
Revenues [1]   1,418 1,532
Purchased product costs   498 459
Operating Expenses   428 445
Segment Reporting, Other Segment Item, Amount [2]   (126) (32)
Adjusted EBITDA [3]   618 660
Capital Expenditures   561 153
Investments in unconsolidated affiliates   237 [4] 119
Service [Member] | Operating Segments | Crude Oil and Products Logistics      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax   1,175 1,162
Service [Member] | Operating Segments | Natural Gas and NGL Services      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax   626 611
Product [Member] | Operating Segments | Crude Oil and Products Logistics      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax   4 4
Product [Member] | Operating Segments | Natural Gas and NGL Services      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax   $ 544 $ 683
[1] Within the total segment revenues and other income amounts presented above, third-party revenues for the Crude Oil and Products Logistics segment were $162 million and $177 million for the three months ended March 31, 2026 and March 31, 2025, respectively. Third-party revenues for the Natural Gas and NGL Services segment were $1,331 million and $1,439 million for the three months ended March 31, 2026 and March 31, 2025, respectively.
[2] Other segment items in the Crude Oil and Products Logistics segment include income from equity method investments, distributions and adjustments related to equity method investments, equity-based compensation and other miscellaneous items. Other segment items in the Natural Gas and NGL Services segment include income from equity method investments, distributions and adjustments related to equity method investments, unrealized derivative gain/loss and other miscellaneous items.
[3] See below for the reconciliation from Segment Adjusted EBITDA to Net income.
[4] Investments in unconsolidated affiliates in the Natural Gas and NGL Services segment for the three months ended March 31, 2026 and March 31, 2025 includes cash contributions to several joint ventures to fund current growth capital projects.