v3.26.1
Consolidated Statements Of Operations - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
REVENUES:    
Total revenues $ 27,771 $ 21,020
COSTS AND EXPENSES:    
Cost of products sold 21,149 15,571
Operating expenses 1,695 1,299
Depreciation, depletion and amortization 1,583 1,367
Selling, general and administrative 361 288
Impairment loss 0 4
Total costs and expenses 24,788 18,529
OPERATING INCOME 2,983 2,491
OTHER INCOME (EXPENSE):    
Interest expense, net of interest capitalized (947) (809)
Equity in earnings of unconsolidated affiliates [1] 110 92
Losses on extinguishments of debt (7) (2)
Other, net (28) (11)
INCOME BEFORE INCOME TAX EXPENSE 2,111 1,761
Income tax expense 135 41
Net income 1,976 1,720
Less: Net income attributable to noncontrolling interests 715 384
Less: Net income attributable to redeemable noncontrolling interests 7 13
NET INCOME ATTRIBUTABLE TO PARTNERS 1,254 1,323
Less: General Partner’s interest in net income 1 1
Less: Preferred Unitholders’ interest in net income 59 67
Common Unitholders’ interest in net income $ 1,194 $ 1,255
NET INCOME PER COMMON UNIT:    
Basic (in dollars per unit) $ 0.35 $ 0.37
Diluted (in dollars per unit) $ 0.35 $ 0.36
Refined product sales    
REVENUES:    
Total revenues $ 10,272 $ 4,963
Crude sales    
REVENUES:    
Total revenues 6,994 5,449
NGL sales    
REVENUES:    
Total revenues 5,128 5,642
Gathering, transportation and other fees    
REVENUES:    
Total revenues 3,261 3,005
Natural gas sales    
REVENUES:    
Total revenues 1,478 1,581
Other    
REVENUES:    
Total revenues $ 638 $ 380
[1] Amounts reflected above exclude Sunoco LP’s earnings from the ET-S Permian and J.C. Nolan joint ventures, which are eliminated in consolidation.