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UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Third parties $ 13,759 $ 11,980 $ 41,976 $ 35,049
Related parties 16 18 42 44
Total revenues 13,775 11,998 42,018 35,093
Operating costs and expenses:        
Third party and other costs 11,661 10,009 35,672 29,246
Related parties 372 357 1,097 1,014
Total operating costs and expenses 12,033 10,366 36,769 30,260
General and administrative costs:        
Third party and other costs 19 18 63 59
Related parties 42 41 121 113
Total general and administrative costs 61 59 184 172
Total costs and expenses 12,094 10,425 36,953 30,432
Equity in income of unconsolidated affiliates 99 122 302 347
Operating income 1,780 1,695 5,367 5,008
Other income (expense):        
Interest expense (343) (328) (1,006) (944)
Interest income 14 5 31 22
Other, net 0 0 0 14
Total other expense, net (329) (323) (975) (908)
Income before income taxes 1,451 1,372 4,392 4,100
Provision for income taxes (19) (22) (55) (45)
Net income 1,432 1,350 4,337 4,055
Net income attributable to noncontrolling interests (14) (31) (56) (91)
Net income attributable to preferred units (1) (1) (3) (3)
Net income attributable to common unitholders $ 1,417 $ 1,318 $ 4,278 $ 3,961
Earnings per unit:        
Basic earnings per common unit (in dollars per unit) $ 0.65 $ 0.6 $ 1.95 $ 1.81
Diluted earnings per common unit (in dollars per unit) $ 0.65 $ 0.6 $ 1.95 $ 1.81