v3.26.3
Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Jun. 30, 2026
Sep. 30, 2025
[1]
Sep. 30, 2026
Sep. 30, 2025
Revenues [Abstract]          
Revenues $ 18,029   $ 6,032 $ 42,978 $ 16,601
COSTS AND EXPENSES:          
Cost of sales (excluding items shown separately below) 16,469   5,386 38,265 14,733 [1]
Operating expenses 327   162 1,038 450 [1]
General and administrative 147   51 461 140 [1]
Lease expense 56   19 165 54 [1]
Loss on disposal of assets and impairment charges 10   3 12 4 [1]
Depreciation, amortization and accretion 280   159 848 469 [1]
Total cost of sales and operating expenses 17,289   5,780 40,789 15,850
OPERATING INCOME 740   252 2,189 751
Other Income and Expenses [Abstract]          
Interest expense, net (197)   (131) (602) (375) [1]
Equity in earnings of unconsolidated affiliates 31   40 120 103 [1]
Loss on extinguishment of debt (1)   (12) (2) (31) [1]
Other, net 32   (1) (59) (2) [1]
INCOME BEFORE INCOME TAXES 605   148 1,646 446
Income tax expense 133   11 296 16 [1]
NET INCOME 472 $ 273 137 1,350 430 [1]
Less: Net income attributable to predecessor equity 0   137 0 430
Less: Net income attributable to predecessor equity 391   0 1,120 0
NET INCOME ATTRIBUTABLE TO MEMBERS $ 81   0 $ 230 0
Net income (loss) per common unit:          
Basic $ 1.57     $ 4.46  
Diluted $ 1.55     $ 4.42  
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]          
Basic 51,517,198     51,517,198  
Diluted 51,598,805     51,571,581  
Distribution Made to Limited Liability Company (LLC) Member, Distributions Declared, Per Unit $ 1.0148 $ 1.0023   $ 3.0070  
Sales revenue          
Revenues [Abstract]          
Revenues $ 17,459   5,685 $ 41,272 15,582 [1]
Service revenue          
Revenues [Abstract]          
Revenues 523   316 1,577 929 [1]
Lease revenue          
Revenues [Abstract]          
Revenues $ 47   $ 31 $ 129 $ 90 [1]
[1] See Note 1 regarding change in reporting entity.