Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2022

The following tables present financial information by segment:


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Revenues:
Intrastate transportation and storage:
Revenues from external customers	$	1,994	$	852	$	3,469	$	4,828
Intersegment revenues	209		97		366		1,021
	2,203		949		3,835		5,849
Interstate transportation and storage:
Revenues from external customers	511		404		1,058		905
Intersegment revenues	19		3		38		27
	530		407		1,096		932
Midstream:
Revenues from external customers	1,153		571		2,284		1,149
Intersegment revenues	3,897		1,628		6,691		3,722
	5,050		2,199		8,975		4,871
NGL and refined products transportation and services:
Revenues from external customers	6,230		3,830		11,475		7,227
Intersegment revenues	1,327		692		2,359		1,285
	7,557		4,522		13,834		8,512
Crude oil transportation and services:
Revenues from external customers	7,299		4,420		13,225		7,920
Intersegment revenues	1		—		1		—
	7,300		4,420		13,226		7,920
Investment in Sunoco LP:
Revenues from external customers	7,793		4,385		13,190		7,854
Intersegment revenues	22		7		27		9
	7,815		4,392		13,217		7,863
Investment in USAC:
Revenues from external customers	168		153		327		308
Intersegment revenues	4		3		8		6
	172		156		335		314
All other:
Revenues from external customers	797		486		1,408		1,905
Intersegment revenues	165		90		269		183
	962		576		1,677		2,088
Eliminations	(5,644)		(2,520)		(9,759)		(6,253)
Total revenues	$	25,945	$	15,101	$	46,436	$	32,096


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Segment Adjusted EBITDA:
Intrastate transportation and storage	$	218	$	224	$	662	$	3,037
Interstate transportation and storage	397		331		850		784
Midstream	903		477		1,710		765
NGL and refined products transportation and services	763		736		1,463		1,383
Crude oil transportation and services	562		484		1,155		994
Investment in Sunoco LP	214		201		405		358
Investment in USAC	106		100		204		200
All other	65		63		119		135
Adjusted EBITDA (consolidated)	3,228		2,616		6,568		7,656
Depreciation, depletion and amortization	(1,046)		(940)		(2,074)		(1,894)
Interest expense, net of interest capitalized	(578)		(566)		(1,137)		(1,155)
Impairment losses	—		(8)		(300)		(11)
Gains (losses) on interest rate derivatives	129		(123)		243		71
Non-cash compensation expense	(25)		(27)		(61)		(55)
Unrealized gains on commodity risk management activities	99		47		54		93
Inventory valuation adjustments (Sunoco LP)	1		59		121		159
Losses on extinguishments of debt	—		(1)		—		(8)
Adjusted EBITDA related to unconsolidated affiliates	(137)		(136)		(262)		(259)
Equity in earnings of unconsolidated affiliates	62		65		118		120

Other, net	(25)		4		(84)		(11)
Income before income tax expense	1,708		990		3,186		4,706
Income tax expense	(86)		(82)		(77)		(157)


Net income	$	1,622	$	908	$	3,109	$	4,549