v3.26.1
Property, Plant and Equipment and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Property Plant And Equipment And Intangible Assets [Abstract]  
Property Plant and Equipment and Intangible Assets

 

 

June 30, 2026

 

 

December 31, 2025

 

 

Estimated Useful Lives (In Years)

Gathering systems

 

$

13,089.6

 

 

$

12,431.3

 

 

5 to 20

Processing and fractionation facilities

 

 

11,866.0

 

 

 

10,477.3

 

 

5 to 25

Terminaling and storage facilities

 

 

1,717.0

 

 

 

1,648.4

 

 

5 to 25

Transportation assets

 

 

5,037.4

 

 

 

4,536.0

 

 

10 to 50

Other property, plant and equipment

 

 

650.1

 

 

 

586.5

 

 

3 to 25

Land

 

 

222.3

 

 

 

209.3

 

 

—

Construction in progress

 

 

2,816.4

 

 

 

2,804.9

 

 

—

Finance lease right-of-use assets (1)

 

 

990.6

 

 

 

507.4

 

 

5 to 14

Property, plant and equipment

 

 

36,389.4

 

 

 

33,201.1

 

 

 

Accumulated depreciation, amortization and impairment

 

 

(13,326.8

)

 

 

(12,666.3

)

 

 

Property, plant and equipment, net

 

$

23,062.6

 

 

$

20,534.8

 

 

 

 

 

 

 

 

 

 

 

Intangible assets

 

 

5,037.0

 

 

 

4,378.0

 

 

10 to 20

Accumulated amortization and impairment

 

 

(2,931.8

)

 

 

(2,726.6

)

 

 

Intangible assets, net

 

$

2,105.2

 

 

$

1,651.4

 

 

 

(1) The balance as of June 30, 2026 includes amounts related to the amendment of a compressor lease agreement. See “Note 8 – Leases” for further details.
Schedule of Changes in Intangible Assets

The following table shows the changes in our intangible assets for the period presented:

 

 

 

Six Months Ended June 30, 2026

 

Balance at beginning of period

 

$

1,651.4

 

Additions from Stakeholder Acquisition

 

 

659.0

 

Amortization

 

 

(205.2

)

Balance at end of period

 

$

2,105.2