v3.26.1
Segment Information - Segment Adjusted EBITDA (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 16, 2025
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]          
Revenue from Contract with Customer, Excluding Assessed Tax   $ 2,615 $ 2,356 $ 4,964 $ 4,816
Sales-type lease revenue   40 36 88 73
Income from equity method investments   180 170 362 356
Revenues   3,312 3,003 6,350 6,127
Purchased product costs   587 432 1,085 891
Capital Expenditures       1,484 609
Investments - acquisitions and contributions       441 467
Nonrelated Party [Member]          
Segment Reporting [Line Items]          
Rental income   67 64 132 128
Other Income   6 5 13 15
Crude Oil and Products Logistics          
Segment Reporting [Line Items]          
Revenue from Contract with Customer, Excluding Assessed Tax   1,239 1,206 2,418 2,372
Crude Oil and Products Logistics | Nonrelated Party [Member]          
Segment Reporting [Line Items]          
Revenues   157 187 319 364
Natural Gas and NGL Services          
Segment Reporting [Line Items]          
Revenue from Contract with Customer, Excluding Assessed Tax   1,376 1,150 2,546 2,444
Natural Gas and NGL Services | MXP Parent, LLC          
Segment Reporting [Line Items]          
Investments - acquisitions and contributions $ 151        
Natural Gas and NGL Services | Nonrelated Party [Member]          
Segment Reporting [Line Items]          
Revenues   1,482 1,326 2,813 2,765
Operating Segments          
Segment Reporting [Line Items]          
Adjusted EBITDA   1,775 1,690 3,504 3,447
Operating Segments | Crude Oil and Products Logistics          
Segment Reporting [Line Items]          
Rental income   282 224 531 443
Sales-type lease revenue   85 116 187 231
Income from equity method investments   52 59 114 115
Other Income   30 30 58 66
Revenues [1]   1,688 1,635 3,308 3,227
Operating Expenses   564 532 1,104 1,060
Segment Reporting, Other Segment Item, Amount [2]   (37) (35) (68) (68)
Adjusted EBITDA [3]   1,161 1,138 2,272 2,235
Capital Expenditures   131 129 235 244
Operating Segments | Natural Gas and NGL Services          
Segment Reporting [Line Items]          
Rental income   60 56 118 112
Sales-type lease revenue   40 36 88 73
Income from equity method investments   128 111 248 241
Other Income   20 15 42 30
Revenues [1]   1,624 1,368 3,042 2,900
Purchased product costs   587 432 1,085 891
Operating Expenses   418 422 846 867
Segment Reporting, Other Segment Item, Amount [2]   5 (38) (121) (70)
Adjusted EBITDA [3]   614 552 1,232 1,212
Capital Expenditures   688 212 1,249 365
Investments in unconsolidated affiliates [4]   202 203 439 322
Service [Member] | Operating Segments | Crude Oil and Products Logistics          
Segment Reporting [Line Items]          
Revenue from Contract with Customer, Excluding Assessed Tax   1,232 1,202 2,407 2,364
Service [Member] | Operating Segments | Natural Gas and NGL Services          
Segment Reporting [Line Items]          
Revenue from Contract with Customer, Excluding Assessed Tax   615 587 1,241 1,198
Product [Member] | Operating Segments | Crude Oil and Products Logistics          
Segment Reporting [Line Items]          
Revenue from Contract with Customer, Excluding Assessed Tax   7 4 11 8
Product [Member] | Operating Segments | Natural Gas and NGL Services          
Segment Reporting [Line Items]          
Revenue from Contract with Customer, Excluding Assessed Tax   $ 761 $ 563 $ 1,305 $ 1,246
[1] Within the total segment revenues and other income amounts presented above, third-party revenues for the Crude Oil and Products Logistics segment were $157 million and $319 million for the three and six months ended June 30, 2026, respectively, and $187 million and $364 million for the three and six months ended June 30, 2025, respectively. Third-party revenues for the Natural Gas and NGL Services segment were $1,482 million and $2,813 million for the three and six months ended June 30, 2026, respectively, and $1,326 million and $2,765 million for the three and six months ended June 30, 2025, respectively.
[2] Other segment items in the Crude Oil and Products Logistics segment include income from equity method investments, distributions and adjustments related to equity method investments, equity-based compensation and other miscellaneous items. Other segment items in the Natural Gas and NGL Services segment include income from equity method investments, distributions and adjustments related to equity method investments, unrealized derivative gain/loss and other miscellaneous items.
[3] See below for the reconciliation from Segment Adjusted EBITDA to Net income.
[4] Investments in unconsolidated affiliates in the Natural Gas and NGL Services segment for the three and six months ended June 30, 2026 and June 30, 2025 includes cash contributions to several joint ventures to fund current growth capital projects.