v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
[1]
Jun. 30, 2026
Jun. 30, 2025
Revenues [Abstract]        
Revenues $ 14,259 $ 5,390 $ 24,949 $ 10,569
COSTS AND EXPENSES:        
Cost of sales (excluding items shown separately below) 12,795 4,821 21,796 9,347 [1]
Operating expenses 381 145 711 288 [1]
General and administrative 159 50 314 89 [1]
Lease expense 56 19 109 35 [1]
Loss on disposal of assets and impairment charges 3 (2) 2 1 [1]
Depreciation, amortization and accretion 282 154 568 310 [1]
Total cost of sales and operating expenses 13,676 5,187 23,500 10,070
OPERATING INCOME 583 203 1,449 499
Other Income and Expenses [Abstract]        
Interest expense, net (204) (123) (405) (244) [1]
Equity in earnings of unconsolidated affiliates 47 31 89 63 [1]
Loss on extinguishment of debt 0 (17) (1) (19) [1]
Other, net (64) (1) (91) (1) [1]
INCOME BEFORE INCOME TAXES 362 93 1,041 298
Income tax expense 89 7 163 5 [1]
NET INCOME 273 86 878 293 [1]
Less: Net income attributable to predecessor equity 0 86 0 293
Less: Net income attributable to predecessor equity 234 0 729 0
NET INCOME ATTRIBUTABLE TO MEMBERS $ 39 0 $ 149 0
Net income (loss) per common unit:        
Basic $ 0.76   $ 2.89  
Diluted $ 0.76   $ 2.89  
Weighted average common units outstanding:        
Basic 51,517,198   51,517,198  
Diluted 51,571,018   51,556,085  
Distribution Made to Limited Liability Company (LLC) Member, Distributions Declared, Per Unit $ 1.0023   $ 1.9922  
Common Units [Member]        
Weighted average common units outstanding:        
Diluted 51,571,018   51,556,085  
Sales revenue        
Revenues [Abstract]        
Revenues $ 13,670 5,046 $ 23,813 9,897 [1]
Service revenue        
Revenues [Abstract]        
Revenues 546 314 1,054 613 [1]
Lease revenue        
Revenues [Abstract]        
Revenues $ 43 $ 30 $ 82 $ 59 [1]
[1] See Note 1 regarding change in reporting entity.