
					Assignment of Purchase Price
Ref	Date	Acquisition	Purchase price		Current assets		Property, plant, & equipment		Other long-term assets		Current liabilities		Long-term liabilities		Resulting goodwill
			(In millions)
(1)	5/26	Monument Pipeline	$	503	$	10	$	264	$	236	$	(7)	$	—	$	—
(2)	2/25	Outrigger Energy	648		16		497		160		(5)		(20)		—

On May 1, 2026, we completed the acquisition of the Monument Pipeline, a natural gas pipeline system serving Houston, Texas and the surrounding metropolitan area, from ARM Energy Holdings for a purchase price of $503 million, including purchase price adjustments for working capital. Other long-term assets within the preliminary purchase price allocation consist of customer relationships intangibles with a weighted average amortization period of approximately 14 years. The acquisition includes approximately 225 miles of pipelines and provides transportation and storage services to gas utilities, LNG shippers, and industrial customers. The acquired assets are included in our Natural Gas Pipelines business segment.

On February 18, 2025, we completed the acquisition of a natural gas gathering and processing system in North Dakota from Outrigger Energy II LLC for a purchase price of $648 million, including purchase price adjustments for working capital. Other long-term assets within the purchase price allocation consist of a customer relationships intangible with a weighted average amortization period of approximately 15 years. The acquisition includes a 0.27 Bcf/d processing facility and a 104-mile, large-diameter, high-pressure rich gas gathering header pipeline with 0.35 Bcf/d of capacity connecting supplies from the Williston Basin area to high-demand markets. The acquired assets are included in our Natural Gas Pipelines business segment.

Pro forma consolidated income statement information that gives effect to the above acquisitions as if they had occurred as of January 1 of each year preceding each transaction is not presented because it would not be materially different from the information presented in our accompanying consolidated statements of income.

On September 1, 2026, in our Terminals business segment, we divested certain terminals and terminal assets located in the Tampa, Florida area in exchange for net consideration of $136 million, after working capital adjustments, consisting of (i) $81 million of cash proceeds, which is reflected as an investing activity within “Net proceeds (cost of removal) from sales of assets” on our consolidated statement of cash flows, and (ii) $55 million additional interests in an equity investment. In conjunction with this transaction, we recorded a net gain of $71 million, reported within “Other income, net” on our consolidated statement of income, which includes a $9 million reduction to goodwill.