v3.26.3
REVENUE (Tables)
 9 Months Ended
Sep. 30, 2026
Revenue from Contract with Customer [Abstract]  
Summary of Disaggregation of Revenue by Segment
The following is a summary of revenues disaggregated by segment:
Three Months EndedNine Months Ended
September 30,September 30,
2026202520262025
(millions)
Pipeline (a)
$182 $169 $550 $514 
Gathering161 145 485 412 
Elimination of inter-segment revenue(7)— (20)— 
Total Operating revenues$336 $314 $1,015 $926 
__________________________________
(a) Includes revenues outside the scope of ASC 606 primarily related to contracts accounted for as leases of $18 million for both the three months ended September 30, 2026 and 2025, and $55 million and $60 million for the nine months ended September 30, 2026 and 2025, respectively.
Summary of Contact Liability Activity
The following is a summary of contract liability activity:
2026
(millions)
Balance as of January 1$185 
Increases due to cash received or receivable, excluding amounts recognized as revenue during the period36 
Revenue recognized that was included in the balance at the beginning of the period(27)
Balance as of September 30
$194 
Summary of Revenue Expected to be Recognized in Future Periods
The following table presents contract liability amounts as of September 30, 2026 that are expected to be recognized as revenue in future periods:
(millions)
Remainder of 2026$9 
202725 
202820 
202920 
203020 
2031 and thereafter100 
Total$194 
The following table presents revenue amounts related to fixed consideration, including consideration from maximum tariff rates that may be revised through future regulatory proceedings, associated with unsatisfied performance obligations as of September 30, 2026 that are expected to be recognized as revenue in future periods:
(millions)
Remainder of 2026$76 
2027304 
2028242 
2029207 
2030170 
2031 and thereafter445 
Total$1,444