v3.26.1
Investment in Unconsolidated Affiliates (Tables)
 6 Months Ended
Jun. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Investments in and Advances to Affiliates, Schedule of Investments
Summary of Balances Related to Unconsolidated Affiliates
The carrying values of the Partnership’s investments in unconsolidated affiliates as of June 30, 2026 and December 31, 2025 were as follows:
June 30,
2026		December 31,
2025
J.C. Nolan$117 $121 
ET-S Permian1,151 1,161 
SARA132 141 
Isla179 171 
Other31 30 
$1,610 $1,624 
The following table presents equity in earnings (losses) of unconsolidated affiliates:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
J.C. Nolan$1 $1 $3 $3 
ET-S Permian42 30 79 60 
SARA2 — 3 — 
Isla2 — 5 — 
Other— — (1)— 
$47 $31 $89 $63 
The following tables present selected balance sheet and income statement data for ET-S Permian (on a 100% basis):
June 30,
2026		December 31,
2025
Current assets
$134 $122 
Property, plant and equipment, net3,335 3,333 
Other assets356 308 
Total assets$3,825 $3,763 
Current liabilities$247 $159 
Non-current liabilities36 31 
Equity3,542 3,573 
Total liabilities and equity$3,825 $3,763 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenues (1)
$9,051 $5,632 $16,189 $9,092 
Operating income131 97 245 189 
Net income130 93 244 185 
(1)    Includes transactions with affiliates of $8.96 billion and $5.55 billion for the three months ended June 30, 2026 and 2025, respectively, and $16.00 billion and $8.90 billion for the six months ended June 30, 2026 and 2025, respectively.