v3.26.1
Reportable Segments - Information by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Revenues $ 27,771 $ 21,020  
Cost of products sold 21,149 15,571  
Total operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses 1,675 1,284  
Depreciation, depletion and amortization 1,583 1,367  
Selling, general and administrative expenses, excluding non-cash compensation and accretion expenses 334 262  
Equity in earnings of unconsolidated affiliates [1] 110 92  
Total other income [2] 324 195  
Total additions to property, plant and equipment [3] 1,935 1,254  
Investments in unconsolidated affiliates [4] 3,646   $ 3,589
Segment Adjusted EBITDA 4,937 4,098  
Eliminations      
Revenues 3,569 4,087  
Cost of products sold (3,538) (4,069)  
Total operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses (49) (45)  
Total other income [2] (57) (50)  
Intrastate transportation and storage      
Depreciation, depletion and amortization 52 51  
Selling, general and administrative expenses, excluding non-cash compensation and accretion expenses 13 14  
Equity in earnings of unconsolidated affiliates [1] 3 5  
Total additions to property, plant and equipment [3] 586 226  
Investments in unconsolidated affiliates [4] 152   151
Segment Adjusted EBITDA 437 344  
Intrastate transportation and storage | Operating Segments      
Revenues 1,156 1,294  
Cost of products sold 710 964  
Total operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses 65 57  
Total other income [2] 69 85  
Intrastate transportation and storage | Operating Segments | Revenues from external customers      
Revenues 992 1,147  
Intrastate transportation and storage | Operating Segments | Intersegment revenues      
Revenues 164 147  
Interstate transportation and storage      
Depreciation, depletion and amortization 145 142  
Selling, general and administrative expenses, excluding non-cash compensation and accretion expenses 30 37  
Equity in earnings of unconsolidated affiliates [1] 75 63  
Total additions to property, plant and equipment [3] 253 46  
Investments in unconsolidated affiliates [4] 2,388   2,353
Segment Adjusted EBITDA 519 512  
Interstate transportation and storage | Operating Segments      
Revenues 634 621  
Cost of products sold 3 2  
Total operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses 215 189  
Total other income [2] 133 119  
Interstate transportation and storage | Operating Segments | Revenues from external customers      
Revenues 627 613  
Interstate transportation and storage | Operating Segments | Intersegment revenues      
Revenues 7 8  
Midstream      
Depreciation, depletion and amortization 469 448  
Selling, general and administrative expenses, excluding non-cash compensation and accretion expenses 54 56  
Equity in earnings of unconsolidated affiliates [1] 2 3  
Total additions to property, plant and equipment [3] 394 349  
Investments in unconsolidated affiliates [4] 132   130
Segment Adjusted EBITDA 887 925  
Midstream | Operating Segments      
Revenues 3,044 3,656  
Cost of products sold 1,674 2,260  
Total operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses 446 421  
Total other income [2] 17 6  
Midstream | Operating Segments | Revenues from external customers      
Revenues 909 884  
Midstream | Operating Segments | Intersegment revenues      
Revenues 2,135 2,772  
NGL and refined products transportation and services      
Depreciation, depletion and amortization 260 248  
Selling, general and administrative expenses, excluding non-cash compensation and accretion expenses 48 48  
Equity in earnings of unconsolidated affiliates [1] 19 17  
Total additions to property, plant and equipment [3] 317 363  
Investments in unconsolidated affiliates [4] 379   362
Segment Adjusted EBITDA 1,163 978  
NGL and refined products transportation and services | Operating Segments      
Revenues 6,673 6,909  
Cost of products sold 5,484 5,641  
Total operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses 298 247  
Total other income [2] 320 5  
NGL and refined products transportation and services | Operating Segments | Revenues from external customers      
Revenues 5,704 6,034  
NGL and refined products transportation and services | Operating Segments | Intersegment revenues      
Revenues 969 875  
Crude oil transportation and services      
Depreciation, depletion and amortization 268 237  
Selling, general and administrative expenses, excluding non-cash compensation and accretion expenses 1 44  
Equity in earnings of unconsolidated affiliates [1] 6 4  
Total additions to property, plant and equipment [3] 85 107  
Investments in unconsolidated affiliates [4] 189   190
Segment Adjusted EBITDA 869 742  
Crude oil transportation and services | Operating Segments      
Revenues 7,758 6,208  
Cost of products sold 6,792 5,214  
Total operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses 223 213  
Total other income [2] 127 5  
Crude oil transportation and services | Operating Segments | Revenues from external customers      
Revenues 7,751 6,205  
Crude oil transportation and services | Operating Segments | Intersegment revenues      
Revenues 7 3  
Investment in Sunoco LP      
Depreciation, depletion and amortization 286 156  
Selling, general and administrative expenses, excluding non-cash compensation and accretion expenses 151 36  
Total additions to property, plant and equipment [3] 199 101  
Investments in unconsolidated affiliates [4] 345   342
Segment Adjusted EBITDA 858 458  
Investment in Sunoco LP | Operating Segments      
Revenues 10,690 5,179  
Cost of products sold 9,001 4,526  
Total operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses 381 158  
Total other income [2] (299) (1)  
Investment in Sunoco LP | Operating Segments | Revenues from external customers      
Revenues 10,689 5,177  
Investment in Sunoco LP | Operating Segments | Intersegment revenues      
Revenues 1 2  
Investment In USAC [Member]      
Depreciation, depletion and amortization 87 70  
Selling, general and administrative expenses, excluding non-cash compensation and accretion expenses 33 14  
Total additions to property, plant and equipment [3] 35 33  
Segment Adjusted EBITDA 188 150  
Investment In USAC [Member] | Operating Segments      
Revenues 331 245  
Cost of products sold 29 38  
Total operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses 89 43  
Total other income [2] 8 0  
Investment In USAC [Member] | Operating Segments | Revenues from external customers      
Revenues 316 230  
Investment In USAC [Member] | Operating Segments | Intersegment revenues      
Revenues 15 15  
Investment in USAC | Operating Segments      
Revenues 1,054 995  
Investment in USAC | Operating Segments | Revenues from external customers      
Revenues 783 730  
Investment in USAC | Operating Segments | Intersegment revenues      
Revenues 271 265  
All other      
Depreciation, depletion and amortization 16 15  
Selling, general and administrative expenses, excluding non-cash compensation and accretion expenses 4 13  
Equity in earnings of unconsolidated affiliates [1] 5 0  
Total other income [2] 6 26  
Total additions to property, plant and equipment [3] 66 29  
Investments in unconsolidated affiliates [4] 61   $ 61
Segment Adjusted EBITDA 16 (11)  
All other | Operating Segments      
Cost of products sold 994 995  
Total operating expenses, excluding non-cash compensation, amortization, accretion and other non-cash expenses $ 7 $ 1  
[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.
[2] 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.
[3] 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.
[4] Amounts reflected above exclude Sunoco LP’s investments in the ET-S Permian and J.C. Nolan joint ventures, which are eliminated in consolidation.