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Capital Accounts (Tables) | 6 Months Ended
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Jun. 30, 2025
Partners' Capital [Abstract] |
Schedule 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
Common unit repurchases under 2019 Buyback Program | (3,566,979)
Common units issued in connection with the vesting of phantom unit awards, net | 220,829
Common units outstanding at June 30, 2025 | 2,165,556,485
Schedule 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
Paid in-kind distribution to third party | 97
Preferred units outstanding at June 30, 2025 | 50,879
Schedule of 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 |  | Other |  | Total
| Commodity Derivative Instruments |  | Interest Rate Derivative Instruments |  |
Accumulated Other Comprehensive Income (Loss), December 31, 2024 | $ | 91 |  |  | $ | 143 |  |  | $ | 2 |  |  | $ | 236 |
Other comprehensive income (loss) for period, before reclassifications | 22 |  |  | 14 |  |  | – |  |  | 36 |
Reclassification of losses (gains) to net income during period | (33) |  |  | (3) |  |  | – |  |  | (36) |
Total other comprehensive income (loss) for period | (11) |  |  | 11 |  |  | – |  |  | – |
Accumulated Other Comprehensive Income (Loss), June 30, 2025 | $ | 80 |  |  | $ | 154 |  |  | $ | 2 |  |  | $ | 236 |
| 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 | (83) |  |  | 2 |  |  | – |  |  | (81) |
Reclassification of losses (gains) to net income during period | (47) |  |  | (3) |  |  | – |  |  | (50) |
Total other comprehensive income (loss) for period | (130) |  |  | (1) |  |  | – |  |  | (131) |
Accumulated Other Comprehensive Income (Loss), June 30, 2024 | $ | 24 |  |  | $ | 150 |  |  | $ | 2 |  |  | $ | 176 |
Schedule of 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 June 30, |  | For the Six Months Ended June 30,
Losses (gains) on cash flow hedges: | Location |  | 2025 |  | 2024 |  | 2025 |  | 2024
Interest rate derivatives | Interest expense |  | $ | (2) |  |  | $ | (1) |  |  | $ | (3) |  |  | $ | (3) |
Commodity derivatives | Revenue |  | (67) |  |  | (61) |  |  | (53) |  |  | (80) |
Commodity derivatives | Operating costs and expenses |  | 8 |  |  | 16 |  |  | 20 |  |  | 33 |
Total |  |  | $ | (61) |  |  | $ | (46) |  |  | $ | (36) |  |  | $ | (50) |

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