Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2021

The following tables present financial information by segment:


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Revenues:
Intrastate transportation and storage:
Revenues from external customers	$	852	$	465	$	4,828	$	1,001
Intersegment revenues	97		51		1,021		108
	949		516		5,849		1,109
Interstate transportation and storage:
Revenues from external customers	404		440		905		899
Intersegment revenues	3		5		27		10
	407		445		932		909
Midstream:
Revenues from external customers	571		391		1,149		892
Intersegment revenues	1,628		627		3,722		1,296
	2,199		1,018		4,871		2,188
NGL and refined products transportation and services:
Revenues from external customers	3,830		1,666		7,227		3,784
Intersegment revenues	692		453		1,285		1,050
	4,522		2,119		8,512		4,834
Crude oil transportation and services:
Revenues from external customers	4,420		1,811		7,920		6,024
Intersegment revenues	—		3		—		3
	4,420		1,814		7,920		6,027
Investment in Sunoco LP:
Revenues from external customers	4,385		2,043		7,854		5,303
Intersegment revenues	7		37		9		49
	4,392		2,080		7,863		5,352
Investment in USAC:
Revenues from external customers	153		166		308		342
Intersegment revenues	3		3		6		6
	156		169		314		348
All other:
Revenues from external customers	486		356		1,905		720
Intersegment revenues	90		136		183		285
	576		492		2,088		1,005
Eliminations	(2,520)		(1,315)		(6,253)		(2,807)
Total revenues	$	15,101	$	7,338	$	32,096	$	18,965


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Segment Adjusted EBITDA:
Intrastate transportation and storage	$	224	$	187	$	3,037	$	427
Interstate transportation and storage	331		403		784		807
Midstream	477		367		765		750
NGL and refined products transportation and services	736		674		1,383		1,337
Crude oil transportation and services	484		519		994		1,110
Investment in Sunoco LP	201		182		358		391
Investment in USAC	100		105		200		211
All other	63		1		135		40
Adjusted EBITDA (consolidated)	2,616		2,438		7,656		5,073
Depreciation, depletion and amortization	(940)		(936)		(1,894)		(1,803)
Interest expense, net of interest capitalized	(566)		(579)		(1,155)		(1,181)
Impairment losses	(8)		(4)		(11)		(1,329)
Gains (losses) on interest rate derivatives	(123)		(3)		71		(332)
Non-cash compensation expense	(27)		(41)		(55)		(63)
Unrealized gains (losses) on commodity risk management activities	47		(48)		93		3
Inventory valuation adjustments (Sunoco LP)	59		90		159		(137)
Losses on extinguishments of debt	(1)		—		(8)		(62)
Adjusted EBITDA related to unconsolidated affiliates	(136)		(157)		(259)		(311)
Equity in earnings of unconsolidated affiliates	65		85		120		78

Other, net	4		(74)		(11)		(101)
Income (loss) before income tax expense	990		771		4,706		(165)
Income tax expense	(82)		(99)		(157)		(127)


Net income (loss)	$	908	$	672	$	4,549	$	(292)