Three Months Ended September 30, 2026

Gathering and Processing

Logistics and Transportation

Total Reportable Segments

Other

Corporate
and
Eliminations

Total

Revenues

Sales of commodities

$

223.9

$

4,435.9

$

4,659.8

$

63.1

$

—

$

4,722.9

Fees from midstream services

645.2

230.5

875.7

—

—

875.7

869.1

4,666.4

5,535.5

63.1

—

5,598.6

Intersegment revenues

Sales of commodities

1,826.4

46.9

1,873.3

—

(1,873.3

)

—

Fees from midstream services

2.8

10.6

13.4

—

(13.4

)

—

1,829.2

57.5

1,886.7

—

(1,886.7

)

—

Revenues

$

2,698.3

$

4,723.9

$

7,422.2

$

63.1

$

(1,886.7

)

$

5,598.6

Operating expenses

$

256.3

$

117.1

$

373.4

$

—

Other segment items (1)

1,628.4

3,835.8

5,464.2

—

Operating margin

813.6

771.0

1,584.6

63.1

Other financial information:

Total assets (2)

$

17,680.1

$

11,603.6

$

29,283.7

$

4.1

$

308.0

$

29,595.8

Goodwill

118.9

—

118.9

—

—

118.9

Capital expenditures

786.7

451.4

1,238.1

—

4.2

1,242.3

Three Months Ended September 30, 2025

Gathering and Processing

Logistics and Transportation

Total Reportable Segments

Other

Corporate
and
Eliminations

Total

Revenues

Sales of commodities

$

228.1

$

3,278.3

$

3,506.4

$

(36.5

)

$

—

$

3,469.9

Fees from midstream services

472.3

209.0

681.3

—

—

681.3

700.4

3,487.3

4,187.7

(36.5

)

—

4,151.2

Intersegment revenues

Sales of commodities

1,173.0

39.3

1,212.3

—

(1,212.3

)

—

Fees from midstream services

0.4

8.2

8.6

—

(8.6

)

—

1,173.4

47.5

1,220.9

—

(1,220.9

)

—

Revenues

$

1,873.8

$

3,534.8

$

5,408.6

$

(36.5

)

$

(1,220.9

)

$

4,151.2

Operating expenses

$

236.1

$

98.6

$

334.7

$

—

Other segment items (1)

1,000.1

2,726.0

3,726.1

—

Operating margin

637.6

710.2

1,347.8

(36.5

)

Other financial information:

Total assets (2)

$

14,214.1

$

9,686.0

$

23,900.1

$

4.1

$

270.6

$

24,174.8

Goodwill

45.2

—

45.2

—

—

45.2

Capital expenditures

553.0

302.9

855.9

—

5.7

861.6

Nine Months Ended September 30, 2026

Gathering and Processing

Logistics and Transportation

Total Reportable Segments

Other

Corporate
and
Eliminations

Total

Revenues

Sales of commodities

$

820.3

$

10,784.2

$

11,604.5

$

55.9

$

—

$

11,660.4

Fees from midstream services

1,785.6

687.4

2,473.0

—

—

2,473.0

2,605.9

11,471.6

14,077.5

55.9

—

14,133.4

Intersegment revenues

Sales of commodities

3,178.3

129.4

3,307.7

—

(3,307.7

)

—

Fees from midstream services

1.9

30.1

32.0

—

(32.0

)

—

3,180.2

159.5

3,339.7

—

(3,339.7

)

—

Revenues

$

5,786.1

$

11,631.1

$

17,417.2

$

55.9

$

(3,339.7

)

$

14,133.4

Operating expenses

$

730.8

$

331.6

$

1,062.4

$

—

Other segment items (1)

2,805.6

8,806.9

11,612.5

—

Operating margin

2,249.7

2,492.6

4,742.3

55.9

Other financial information:

Total assets (2)

$

17,680.1

$

11,603.6

$

29,283.7

$

4.1

$

308.0

$

29,595.8

Goodwill

118.9

—

118.9

—

—

118.9

Capital expenditures

2,079.6

1,250.2

3,329.8

—

25.2

3,355.0

Nine Months Ended September 30, 2025

Gathering and Processing

Logistics and Transportation

Total Reportable Segments

Other

Corporate
and
Eliminations

Total

Revenues

Sales of commodities

$

632.1

$

10,363.3

$

10,995.4

$

(4.8

)

$

—

$

10,990.6

Fees from midstream services

1,358.0

624.2

1,982.2

—

—

1,982.2

1,990.1

10,987.5

12,977.6

(4.8

)

—

12,972.8

Intersegment revenues

Sales of commodities

3,821.5

147.9

3,969.4

—

(3,969.4

)

—

Fees from midstream services

0.9

22.8

23.7

—

(23.7

)

—

3,822.4

170.7

3,993.1

—

(3,993.1

)

—

Revenues

$

5,812.5

$

11,158.2

$

16,970.7

$

(4.8

)

$

(3,993.1

)

$

12,972.8

Operating expenses

$

663.7

$

299.5

$

963.2

$

—

Other segment items (1)

3,321.4

8,869.4

12,190.8

—

Operating margin

1,827.4

1,989.3

3,816.7

(4.8

)

Other financial information:

Total assets (2)

$

14,214.1

$

9,686.0

$

23,900.1

$

4.1

$

270.6

$

24,174.8

Goodwill

45.2

—

45.2

—

—

45.2

Capital expenditures

1,447.2

899.4

2,346.6

—

25.8

2,372.4

Three Months Ended September 30,

Nine Months Ended September 30,

2026

2025

2026

2025

Reconciliation of reportable segment operating
margin to income (loss) before income taxes:

Total reportable segments operating margin

$

1,584.6

$

1,347.8

$

4,742.3

$

3,816.7

Other operating margin

63.1

(36.5

)

55.9

(4.8

)

Depreciation and amortization expense

(459.6

)

(383.5

)

(1,338.7

)

(1,124.8

)

General and administrative expense

(112.9

)

(104.8

)

(328.8

)

(294.3

)

Other operating income (expense)

20.8

13.9

46.7

21.0

Interest expense, net

(232.8

)

(221.3

)

(697.0

)

(636.8

)

Equity earnings (loss)

10.2

6.4

26.6

17.0

Other, net

(22.6

)

(1.1

)

(40.0

)

0.2

Income (loss) before income taxes

$

850.8

$

620.9

$

2,467.0

$

1,794.2