v3.26.3
Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
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
Operating expenses 327 162 1,038 450
General and administrative 147 51 461 140
Lease expense 56 19 165 54
Loss on disposal of assets and impairment charges 10 3 12 4
Depreciation, amortization and accretion 280 159 848 469
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)
Equity in earnings of unconsolidated affiliates 31 40 120 103
Loss on extinguishment of debt (1) (12) (2) (31)
Other, net 32 (1) (59) (2)
INCOME BEFORE INCOME TAXES 605 148 1,646 446
Income tax expense 106 11 220 16
NET INCOME 499 137 1,426 430
Less: Preferred unitholders' interest in net income (29) (4) (88) (4)
Interest in net income attributable to Class D unitholder (108) 0 (306) 0
NET INCOME ATTRIBUTABLE TO COMMON UNITS $ 362 $ 133 $ 1,032 $ 426
Net income (loss) per common unit:        
Basic $ 2.08 $ 0.64 $ 5.89 $ 2.19
Diluted $ 2.07 0.64 5.85 2.18
Weighted average common units outstanding:        
CASH DISTRIBUTION PER COMMON UNIT   $ 0.9202 $ 3.0070 $ 2.7266
Common Units [Member]        
Weighted average common units outstanding:        
Basic 136,896,631 136,604,533 136,893,440 136,436,142
Diluted 137,898,246 137,346,932 137,732,781 137,135,374
Sales revenue        
Revenues [Abstract]        
Revenues $ 17,459 $ 5,685 $ 41,272 $ 15,582
Service revenue        
Revenues [Abstract]        
Revenues 523 316 1,577 929
Lease revenue        
Revenues [Abstract]        
Revenues $ 47 $ 31 $ 129 $ 90