v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL - USD ($)
$ in Millions
Total
Partners’ Capital Excluding Noncontrolling Interests
Noncontrolling Interests
Limited Partners
Series A Preferred Units
Partners’ Capital Excluding Noncontrolling Interests
Limited Partners
Series B Preferred Units
Partners’ Capital Excluding Noncontrolling Interests
Limited Partners
Common Units
Partners’ Capital Excluding Noncontrolling Interests
Beginning balance at Dec. 31, 2024 $ 13,096 $ 9,813 $ 3,283 $ 1,514 $ 787 $ 7,512
Increase (Decrease) in Partners' Capital            
Net income 813 653 160 75 35 543
Distributions (874) (645) (229) (75) (35) (535)
Other comprehensive income (loss) 192 192       192
Repurchase of Series A preferred units (313) (313)   (270)   (43)
Repurchase of common units (8) (8)       (8)
Contributions from noncontrolling interests 29   29      
Other 14 14   2   12
Ending balance at Jun. 30, 2025 12,949 9,706 3,243 1,246 787 7,673
Beginning balance at Mar. 31, 2025 12,860 9,632 3,228 1,245 787 7,600
Increase (Decrease) in Partners' Capital            
Net income 297 210 87 36 18 156
Distributions (418) (321) (97) (36) (18) (267)
Other comprehensive income (loss) 187 187       187
Repurchase of common units (8) (8)       (8)
Contributions from noncontrolling interests 25   25      
Other 6 6   1   5
Ending balance at Jun. 30, 2025 12,949 9,706 3,243 1,246 787 7,673
Beginning balance at Dec. 31, 2025 13,080 9,836 3,244 1,248 787 7,801
Ending balance at Mar. 31, 2026 12,820 9,601 3,219 1,249 787 7,565
Beginning balance at Dec. 31, 2025 13,080 9,836 3,244 1,248 787 7,801
Increase (Decrease) in Partners' Capital            
Net income 2,156 1,983 173 72 32 1,879
Distributions (898) (693) (205) (72) (32) (589)
Other comprehensive income (loss) (63) (63)       (63)
Other 16 16   2   14
Ending balance at Jun. 30, 2026 14,291 11,079 3,212 1,250 787 9,042
Beginning balance at Mar. 31, 2026 12,820 9,601 3,219 1,249 787 7,565
Increase (Decrease) in Partners' Capital            
Net income 1,925 1,830 95 36 16 1,778
Distributions (449) (347) (102) (36) (16) (295)
Other comprehensive income (loss) (13) (13)       (13)
Other 8 8   1   7
Ending balance at Jun. 30, 2026 $ 14,291 $ 11,079 $ 3,212 $ 1,250 $ 787 $ 9,042