v3.26.3
Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting [Table Text Block]
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Revenues:
Fuel Distribution
Revenues from external customers$17,540 $5,742 $41,480 $15,741 
Intersegment revenues706 8 1,610 30 
18,246 5,750 43,090 15,771 
Pipeline Systems
Revenues from external customers192 185 588 539 
Intersegment revenues7 14 16 16 
199 199 604 555 
Terminals
Revenues from external customers180 105 512 321 
Intersegment revenues476 250 1,149 716 
656 355 1,661 1,037 
Refinery
Revenues from external customers117 — 398 — 
Intersegment revenues853 — 2,217 — 
970 — 2,615 — 
Eliminations(2,042)(272)(4,992)(762)
Total$18,029 $6,032 $42,978 $16,601 
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Cost of sales:
Fuel Distribution$17,322 $5,421 $40,039 $14,819 
Pipeline Systems14 10 40 9 
Terminals448 227 1,028 667 
Refinery727 — 2,150 — 
Eliminations(2,042)(272)(4,992)(762)
Total$16,469 $5,386 $38,265 $14,733 
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Operating and lease expenses, excluding non-cash unit-based compensation:
Fuel Distribution$257 $83 $831 $229 
Pipeline Systems50 52 153 141 
Terminals73 45 211 130 
Refinery— — — — 
Total$380 $180 $1,195 $500 
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
General and administrative expenses, excluding non-cash unit-based compensation:
Fuel Distribution$108 $27 $352 $73 
Pipeline Systems14 13 40 33 
Terminals13 7 36 24 
Refinery8 — 21 — 
Total$143 $47 $449 $130 
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Other (1):
Fuel Distribution$36 $(13)$312 $(8)
Pipeline Systems(45)(58)(164)(159)
Terminals— 1 44 4 
Refinery(3)— (12)— 
Total$(12)$(70)$180 $(163)
(1)    Other by segment includes Adjusted EBITDA from unconsolidated affiliates, unrealized gains and losses on commodity derivatives, inventory valuation adjustments and other less significant items, as applicable.
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Segment Adjusted EBITDA:
Fuel Distribution$523 $232 $1,556 $658 
Pipeline Systems166 182 535 531 
Terminals122 75 342 212 
Refinery238 — 456 — 
Total$1,049 $489 $2,889 $1,401 
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Reconciliation of net income to Adjusted EBITDA:
Net income$472 $137 $1,350 $430 
Depreciation, amortization and accretion280 159 848 469 
Interest expense, net197 131 602 375 
Non-cash unit-based compensation expense7 5 20 14 
Loss on disposal of assets and impairment charges10 3 12 4 
Loss on extinguishment of debt1 12 2 31 
Unrealized (gains) losses on commodity derivatives(57)15 (7)7 
Inventory valuation adjustments(19)(10)(445)(31)
Equity in earnings of unconsolidated affiliates(31)(40)(120)(103)
Adjusted EBITDA related to unconsolidated affiliates56 58 200 159 
Other non-cash adjustments— 8 131 30 
Income tax expense133 11 296 16 
Adjusted EBITDA (consolidated)$1,049 $489 $2,889 $1,401