v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues [Abstract]    
Revenues $ 10,690 $ 5,179
COSTS AND EXPENSES:    
Cost of sales (excluding items shown separately below) 9,001 4,526
Operating expenses 330 143
General and administrative 155 39
Lease expense 53 16
(Gain) loss on disposal of assets and impairment charges (1) 3
Depreciation, amortization and accretion 286 156
Total cost of sales and operating expenses 9,824 4,883
OPERATING INCOME 866 296
Other Income and Expenses [Abstract]    
Interest expense, net (201) (121)
Equity in earnings of unconsolidated affiliates 42 32
Loss on extinguishment of debt (1) (2)
Other, net (27) 0
INCOME BEFORE INCOME TAXES 679 205
Income tax expense (benefit) 35 (2)
NET INCOME 644 207
Less: Preferred unitholders' interest in net income 30 0
Less: Class D unitholder's interest in net income 149 0
NET INCOME ATTRIBUTABLE TO COMMON UNITS $ 465 $ 207
Net income (loss) per common unit:    
Basic $ 2.86 $ 1.22
Diluted $ 2.85 $ 1.21
Common Units [Member]    
Weighted average common units outstanding:    
Basic 136,888,311 136,267,512
Diluted 137,551,768 136,936,311
CASH DISTRIBUTION PER COMMON UNIT $ 0.9899 $ 0.8976
Sales revenue    
Revenues [Abstract]    
Revenues $ 10,143 $ 4,851
Service revenue    
Revenues [Abstract]    
Revenues 508 299
Lease revenue    
Revenues [Abstract]    
Revenues $ 39 $ 29