v3.26.1
Property, Plant and Equipment and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2026
Property Plant And Equipment And Intangible Assets [Abstract]  
Property Plant and Equipment and Intangible Assets

 

 

March 31, 2026

 

 

December 31, 2025

 

 

Estimated Useful Lives (In Years)

Gathering systems

 

$

12,815.9

 

 

$

12,431.3

 

 

5 to 20

Processing and fractionation facilities

 

 

11,672.4

 

 

 

10,477.3

 

 

5 to 25

Terminaling and storage facilities

 

 

1,668.5

 

 

 

1,648.4

 

 

5 to 25

Transportation assets

 

 

4,774.8

 

 

 

4,536.0

 

 

10 to 50

Other property, plant and equipment

 

 

621.8

 

 

 

586.5

 

 

3 to 25

Land

 

 

215.2

 

 

 

209.3

 

 

Construction in progress

 

 

2,461.7

 

 

 

2,804.9

 

 

Finance lease right-of-use assets

 

 

520.7

 

 

 

507.4

 

 

5 to 14

Property, plant and equipment

 

 

34,751.0

 

 

 

33,201.1

 

 

 

Accumulated depreciation, amortization and impairment

 

 

(12,980.1

)

 

 

(12,666.3

)

 

 

Property, plant and equipment, net

 

$

21,770.9

 

 

$

20,534.8

 

 

 

 

 

 

 

 

 

 

 

Intangible assets

 

 

5,031.0

 

 

 

4,378.0

 

 

10 to 20

Accumulated amortization and impairment

 

 

(2,829.8

)

 

 

(2,726.6

)

 

 

Intangible assets, net

 

$

2,201.2

 

 

$

1,651.4

 

 

 

 

Schedule of Changes in Intangible Assets

The following table shows the changes in our intangible assets for the period presented:

 

 

 

Three Months Ended March 31, 2026

 

Balance at beginning of period

 

$

1,651.4

 

Additions from Stakeholder Acquisition

 

 

653.0

 

Amortization

 

 

(103.2

)

Balance at end of period

 

$

2,201.2