v3.26.1
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATING RESULTS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Profit or loss [abstract]        
Revenues $ 6,497 $ 6,695 $ 12,933 $ 13,444
Direct operating costs (5,224) (5,465) (10,350) (10,867)
General and administrative expenses (289) (271) (585) (582)
Interest income (expense), net (739) (801) (1,505) (1,571)
Equity accounted income (loss) (6) 23 5 15
Impairment reversal (expense), net 0 (14) 5 (14)
Gain (loss) on dispositions, net 1 6 1 220
Other income (expense), net (170) (103) (146) (186)
Income (loss) before income tax 70 70 358 459
Income tax (expense) recovery        
Current (147) (119) (257) (316)
Deferred 170 184 208 248
Net income (loss) 93 135 309 391
Attributable to:        
Class A shareholders [1] 37 26 77 106
Non-controlling interests attributable to:        
Special shareholder [1] 0 0 0 0
Preferred securities 13 13 26 26
Interest of others in operating subsidiaries 43 96 206 259
Net income (loss) $ 93 $ 135 $ 309 $ 391
Basic earnings (loss) per limited partner unit (in dollars per share) [1] $ 0.18 $ 0.12 $ 0.37 $ 0.50
Diluted earnings (loss) per limited partner unit (in dollars per share) [1] $ 0.18 $ 0.12 $ 0.37 $ 0.50
[1]
(1)For the periods prior to the completion of the Arrangement on March 27, 2026, reflects amounts previously attributable to LP Units, Redemption-Exchange Units and BBHC exchangeable shares, which were exchanged for Class A Shares on a one-for-one basis, and amounts previously attributable to Special LP Units, which were exchanged for Special Shares on a one-for-one basis. See Note 2(b) for additional information.