Related Party Transactions

12 Months Ended

Dec. 31, 2019

RELATED PARTY TRANSACTIONS:

In June 2017, the Partnership acquired all of the publicly held PennTex common units through a tender offer and exercise of a limited call right, as further discussed in Note 8.

ET previously paid ETO to provide services on its behalf and on behalf of other subsidiaries of ET, which included the reimbursement of various operating and general and administrative expenses incurred by ETO on behalf of ET and its subsidiaries. These agreements expired in 2016.

The Partnership also has related party transactions with several of its equity method investees. In addition to commercial transactions, these transactions include the provision of certain management services and leases of certain assets.

The following table summarizes the revenues from related companies on our consolidated statements of operations:



	Years Ended December 31,
	2019		2018		2017
Affiliated revenues	$	492	$	431	$	303

The following table summarizes the related company accounts receivable and accounts payable balances on our consolidated balance sheets:



	December 31,
	2019		2018
Accounts receivable from related companies:
FGT	$	50	$	25
Phillips 66	36		42
Traverse Rover LLC	42		—
Other	31		44
Total accounts receivable from related companies	$	159	$	111

As of December 31, 2019 and 2018, accounts payable with related companies in the Partnership’s consolidated balance sheets totaled $31 million and $59 million, respectively.