v3.26.3
Property, Plant and Equipment and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2026
Property Plant And Equipment And Intangible Assets [Abstract]  
Property Plant and Equipment and Intangible Assets

 

 

September 30, 2026

 

 

December 31, 2025

 

 

Estimated Useful Lives (In Years)

Gathering systems

 

$

13,388.6

 

 

$

12,431.3

 

 

5 to 20

Processing and fractionation facilities

 

 

11,971.1

 

 

 

10,477.3

 

 

5 to 25

Terminaling and storage facilities

 

 

1,744.1

 

 

 

1,648.4

 

 

5 to 25

Transportation assets

 

 

5,096.6

 

 

 

4,536.0

 

 

10 to 50

Other property, plant and equipment

 

 

662.6

 

 

 

586.5

 

 

3 to 25

Land

 

 

214.7

 

 

 

209.3

 

 

—

Construction in progress

 

 

3,548.4

 

 

 

2,804.9

 

 

—

Finance lease right-of-use assets (1)

 

 

1,014.4

 

 

 

507.4

 

 

5 to 14

Property, plant and equipment

 

 

37,640.5

 

 

 

33,201.1

 

 

 

Accumulated depreciation, amortization and impairment

 

 

(13,675.9

)

 

 

(12,666.3

)

 

 

Property, plant and equipment, net

 

$

23,964.6

 

 

$

20,534.8

 

 

 

 

 

 

 

 

 

 

 

Intangible assets

 

 

5,037.0

 

 

 

4,378.0

 

 

10 to 20

Accumulated amortization and impairment

 

 

(3,034.3

)

 

 

(2,726.6

)

 

 

Intangible assets, net

 

$

2,002.7

 

 

$

1,651.4

 

 

 

(1)
The balance as of September 30, 2026 includes amounts related to the amendment of a compressor lease agreement that was effective on April 1, 2026. See “Note 8 – Leases” for further details.
Schedule of Estimated Amortization Expense

The following table shows estimated amortization expense for the next five years as of September 30, 2026:

 

 

 

Estimated Amortization Expense

 

Remainder of 2026

 

$

102.6

 

2027

 

 

377.2

 

2028

 

 

327.2

 

2029

 

 

286.8

 

2030

 

 

241.2

 
Schedule of Changes in Intangible Assets

The following table shows the changes in our intangible assets for the period presented:

 

 

 

Nine Months Ended September 30, 2026

 

Balance at beginning of period

 

$

1,651.4

 

Additions from Stakeholder Acquisition

 

 

659.0

 

Amortization

 

 

(307.7

)

Balance at end of period

 

$

2,002.7