Reportable Segments (Tables)

9 Months Ended

Sep. 30, 2021

The following tables present financial information by segment:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Revenues:
Intrastate transportation and storage:
Revenues from external customers	$	1,112	$	614	$	5,940	$	1,615
Intersegment revenues	105		40		1,126		148
	1,217		654		7,066		1,763
Interstate transportation and storage:
Revenues from external customers	412		466		1,317		1,365
Intersegment revenues	6		5		33		15
	418		471		1,350		1,380
Midstream:
Revenues from external customers	560		585		1,709		1,477
Intersegment revenues	2,359		792		6,081		2,088
	2,919		1,377		7,790		3,565
NGL and refined products transportation and services:
Revenues from external customers	4,499		2,207		11,726		5,991
Intersegment revenues	763		416		2,048		1,466
	5,262		2,623		13,774		7,457
Crude oil transportation and services:
Revenues from external customers	4,577		2,849		12,497		8,873
Intersegment revenues	1		1		1		4
	4,578		2,850		12,498		8,877
Investment in Sunoco LP:
Revenues from external customers	4,772		2,801		12,626		8,104
Intersegment revenues	7		4		16		53
	4,779		2,805		12,642		8,157
Investment in USAC:
Revenues from external customers	156		158		464		500
Intersegment revenues	3		3		9		9
	159		161		473		509
All other:
Revenues from external customers	576		275		2,481		995
Intersegment revenues	120		92		303		377
	696		367		2,784		1,372
Eliminations	(3,364)		(1,353)		(9,617)		(4,160)
Total revenues	$	16,664	$	9,955	$	48,760	$	28,920


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Segment Adjusted EBITDA:
Intrastate transportation and storage	$	172	$	203	$	3,209	$	630
Interstate transportation and storage	334		425		1,118		1,232
Midstream	556		530		1,321		1,280
NGL and refined products transportation and services	706		762		2,089		2,099
Crude oil transportation and services	496		631		1,490		1,741
Investment in Sunoco LP	198		189		556		580
Investment in USAC	99		104		299		315
All other	18		22		153		62
Adjusted EBITDA (consolidated)	2,579		2,866		10,235		7,939
Depreciation, depletion and amortization	(943)		(912)		(2,837)		(2,715)
Interest expense, net of interest capitalized	(558)		(569)		(1,713)		(1,750)
Impairment losses	—		(1,474)		(11)		(2,803)
Gains (losses) on interest rate derivatives	1		55		72		(277)
Non-cash compensation expense	(26)		(30)		(81)		(93)
Unrealized gains (losses) on commodity risk management activities	(19)		(30)		74		(27)
Inventory valuation adjustments (Sunoco LP)	9		11		168		(126)
Losses on extinguishments of debt	—		—		(8)		(62)
Adjusted EBITDA related to unconsolidated affiliates	(141)		(169)		(400)		(480)
Equity in earnings (losses) of unconsolidated affiliates	71		(32)		191		46
Impairment of investment in an unconsolidated affiliate	—		(129)		—		(129)
Other, net	11		53		—		(48)
Income (loss) before income tax expense	984		(360)		5,690		(525)
Income tax expense	(77)		(41)		(234)		(168)


Net income (loss)	$	907	$	(401)	$	5,456	$	(693)