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Capital Accounts (Tables) | 3 Months Ended
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Mar. 31, 2025
Capital Accounts [Abstract] |
Summary of Changes in Outstanding Common Units | The following table summarizes changes in the number of our common units outstanding since December 31, 2024:
Common units outstanding at December 31, 2024 |  |  | 2,165,699,962 |
Common unit repurchases under 2019 Buyback Program |  |  | (1,803,215 | )
Common units issued in connection with the vesting of phantom unit awards, net |  |  | 4,989,490 |
Other |  |  | 16,398 |
Common units outstanding at March 31, 2025 |  |  | 2,168,902,635 |
Summary of Changes in Outstanding Preferred Units | The following table summarizes changes in the number of our Series A Cumulative Convertible Preferred Units (“preferred units”) outstanding since December 31, 2024.
Preferred units outstanding at December 31, 2024 |  |  | 50,687 |
Paid in-kind distribution to third party |  |  | 95 |
Preferred units outstanding at March 31, 2025 |  |  | 50,782 |
Components of Accumulated Other Comprehensive Income (Loss) | The following tables present the components of accumulated other comprehensive income (loss) as reported on our Unaudited Condensed Consolidated Balance Sheets at the dates indicated:
|  | Cash Flow Hedges |  |  |  |  |  |  |
|  | Commodity Derivative Instruments |  |  | Interest Rate Derivative Instruments |  |  | Other |  |  | Total |
Accumulated Other Comprehensive Income (Loss), December 31, 2024 |  | $ | 91 |  |  | $ | 143 |  |  | $ | 2 |  |  | $ | 236 |
Other comprehensive income (loss) for period, before reclassifications |  |  | 22 |  |  |  | 2 |  |  |  | – |  |  |  | 24 |
Reclassification of losses (gains) to net income during period |  |  | 26 |  |  |  | (1 | ) |  |  | – |  |  |  | 25 |
Total other comprehensive income (loss) for period |  |  | 48 |  |  |  | 1 |  |  |  | – |  |  |  | 49 |
Accumulated Other Comprehensive Income (Loss), March 31, 2025 |  | $ | 139 |  |  | $ | 144 |  |  | $ | 2 |  |  | $ | 285 |
|  | Cash Flow Hedges |  |  |  |  |  |  |
|  | Commodity Derivative Instruments |  |  | Interest Rate Derivative Instruments |  |  | Other |  |  | Total |
Accumulated Other Comprehensive Income (Loss), December 31, 2023 |  | $ | 154 |  |  | $ | 151 |  |  | $ | 2 |  |  | $ | 307 |
Other comprehensive income (loss) for period, before reclassifications |  |  | (162 | ) |  |  | 2 |  |  |  | – |  |  |  | (160 | )
Reclassification of losses (gains) to net income during period |  |  | (2 | ) |  |  | (2 | ) |  |  | – |  |  |  | (4 | )
Total other comprehensive income (loss) for period |  |  | (164 | ) |  |  | – |  |  |  | – |  |  |  | (164 | )
Accumulated Other Comprehensive Income (Loss), March 31, 2024 |  | $ | (10 | ) |  | $ | 151 |  |  | $ | 2 |  |  | $ | 143 |
Reclassification out of Accumulated Other Comprehensive Income (Loss) | The following table presents reclassifications of (income) loss out of accumulated other comprehensive income (loss) into net income during the periods indicated:
|  |  | For the Three Months Ended March 31, |
Losses (gains) on cash flow hedges: | Location |  | 2025 |  |  | 2024 |
Interest rate derivatives | Interest expense |  | $ | (1 | ) |  | $ | (2 | )
Commodity derivatives | Revenue |  |  | 14 |  |  |  | (19 | )
Commodity derivatives | Operating costs and expenses |  |  | 12 |  |  |  | 17 |
Total |  |  | $ | 25 |  |  | $ | (4 | )

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