v3.26.1
Financial Information by Business Segment - Schedule Of Financial Information By Business Segment (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating revenues:        
Gain (loss) on derivatives $ 44,640 $ 719,964 $ (193,629) $ 41,045
Total operating revenues 1,809,940 2,557,719 5,188,676 4,297,569
Operating expenses:        
Transportation and processing 385,017 389,116 785,356 767,325
Production 100,316 91,518 215,494 179,956
Operating and maintenance 60,220 53,983 115,088 101,280
Selling, general and administrative 106,438 81,586 202,189 173,050
Depreciation, depletion and amortization 689,592 623,471 1,344,384 1,244,246
Loss (gain) on sale/exchange of long-lived assets 3,577 2,990 3,552 3,221
Impairment and expiration of leases 6,232 3,254 10,055 5,915
Other operating expenses 64,510 177,763 82,560 192,288
Total operating expenses 1,415,902 1,423,681 2,758,678 2,667,281
Operating income (loss) 394,038 1,134,038 2,429,998 1,630,288
Sales of natural gas, NGLs and oil        
Operating revenues:        
Sales of natural gas, natural gas liquids and oil 1,610,014 1,700,499 5,049,949 3,945,226
Pipeline and other        
Operating revenues:        
Pipeline and other 155,286 137,256 332,356 311,298
Operating Segments        
Operating revenues:        
Gain (loss) on derivatives 44,640 719,964 (193,629) 41,045
Total operating revenues 2,146,126 2,875,394 5,848,992 4,926,261
Operating expenses:        
Transportation and processing 721,207 706,139 1,445,686 1,394,739
Production 100,316 91,518 215,494 179,956
Operating and maintenance 60,220 53,983 115,088 101,280
Selling, general and administrative 91,741 67,736 173,213 141,222
Depreciation, depletion and amortization 683,307 617,682 1,331,823 1,233,803
Loss (gain) on sale/exchange of long-lived assets 3,585 2,990 3,560 3,221
Impairment and expiration of leases 6,232 3,254 10,055 5,915
Other operating expenses 60,392 29,521 74,381 37,417
Total operating expenses 1,727,000 1,572,823 3,369,300 3,097,553
Operating income (loss) 419,126 1,302,571 2,479,692 1,828,708
Operating Segments | Sales of natural gas, NGLs and oil        
Operating revenues:        
Sales of natural gas, natural gas liquids and oil 1,610,014 1,700,499 5,049,949 3,945,226
Operating Segments | Pipeline and other        
Operating revenues:        
Pipeline and other 491,472 454,931 992,672 939,990
Intersegment Eliminations and Other        
Operating revenues:        
Gain (loss) on derivatives 0 0 0 0
Total operating revenues (336,186) (317,675) (660,316) (628,692)
Operating expenses:        
Transportation and processing (336,190) (317,023) (660,330) (627,414)
Production 0 0 0 0
Operating and maintenance 0 0 0 0
Selling, general and administrative 14,697 13,850 28,976 31,828
Depreciation, depletion and amortization 6,285 5,789 12,561 10,443
Loss (gain) on sale/exchange of long-lived assets (8) 0 (8) 0
Impairment and expiration of leases 0 0 0 0
Other operating expenses 4,118 148,242 8,179 154,871
Total operating expenses (311,098) (149,142) (610,622) (430,272)
Operating income (loss) (25,088) (168,533) (49,694) (198,420)
Intersegment Eliminations and Other | Sales of natural gas, NGLs and oil        
Operating revenues:        
Sales of natural gas, natural gas liquids and oil 0 0 0 0
Intersegment Eliminations and Other | Pipeline and other        
Operating revenues:        
Pipeline and other (336,186) (317,675) (660,316) (628,692)
Upstream | Operating Segments        
Operating revenues:        
Gain (loss) on derivatives 44,640 719,964 (193,629) 41,045
Total operating revenues 1,663,633 2,420,542 4,870,072 3,989,825
Operating expenses:        
Transportation and processing 721,207 706,139 1,445,686 1,394,739
Production 100,316 91,518 215,494 179,956
Operating and maintenance 0 0 0 0
Selling, general and administrative 62,028 46,708 117,076 95,378
Depreciation, depletion and amortization 603,465 540,918 1,171,171 1,084,412
Loss (gain) on sale/exchange of long-lived assets 2,860 2,688 2,835 2,872
Impairment and expiration of leases 6,232 3,254 10,055 5,915
Other operating expenses 58,142 22,207 72,096 27,657
Total operating expenses 1,554,250 1,413,432 3,034,413 2,790,929
Operating income (loss) 109,383 1,007,110 1,835,659 1,198,896
Upstream | Operating Segments | Sales of natural gas, NGLs and oil        
Operating revenues:        
Sales of natural gas, natural gas liquids and oil 1,610,014 1,700,499 5,049,949 3,945,226
Upstream | Operating Segments | Pipeline and other        
Operating revenues:        
Pipeline and other 8,979 79 13,752 3,554
Gathering | Operating Segments        
Operating revenues:        
Sales of natural gas, natural gas liquids and oil 341,328 320,269 676,303 655,582
Gain (loss) on derivatives 0 0 0 0
Total operating revenues 341,328 320,269 676,303 655,582
Operating expenses:        
Transportation and processing 0 0 0 0
Production 0 0 0 0
Operating and maintenance 47,102 40,597 89,213 76,906
Selling, general and administrative 21,352 12,921 40,098 28,318
Depreciation, depletion and amortization 56,134 54,032 111,949 103,456
Loss (gain) on sale/exchange of long-lived assets 0 0 0 0
Impairment and expiration of leases 0 0 0 0
Other operating expenses 0 7,314 35 10,296
Total operating expenses 124,588 114,864 241,295 218,976
Operating income (loss) 216,740 205,405 435,008 436,606
Gathering | Operating Segments | Sales of natural gas, NGLs and oil        
Operating revenues:        
Sales of natural gas, natural gas liquids and oil 0 0 0 0
Gathering | Operating Segments | Pipeline and other        
Operating revenues:        
Pipeline and other 341,328 320,269 676,303 655,582
Transmission | Operating Segments        
Operating revenues:        
Sales of natural gas, natural gas liquids and oil 141,165 134,583 302,617 280,854
Gain (loss) on derivatives 0 0 0 0
Total operating revenues 141,165 134,583 302,617 280,854
Operating expenses:        
Transportation and processing 0 0 0 0
Production 0 0 0 0
Operating and maintenance 13,118 13,386 25,875 24,374
Selling, general and administrative 8,361 8,107 16,039 17,526
Depreciation, depletion and amortization 23,708 22,732 48,703 45,935
Loss (gain) on sale/exchange of long-lived assets 725 302 725 349
Impairment and expiration of leases 0 0 0 0
Other operating expenses 2,250 0 2,250 (536)
Total operating expenses 48,162 44,527 93,592 87,648
Operating income (loss) 93,003 90,056 209,025 193,206
Transmission | Operating Segments | Sales of natural gas, NGLs and oil        
Operating revenues:        
Sales of natural gas, natural gas liquids and oil 0 0 0 0
Transmission | Operating Segments | Pipeline and other        
Operating revenues:        
Pipeline and other $ 141,165 $ 134,583 $ 302,617 $ 280,854