Reportable Segments (Tables)

9 Months Ended

Sep. 30, 2022

The following tables present financial information by segment:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Revenues:
Intrastate transportation and storage:
Revenues from external customers	$	2,081	$	1,112	$	5,550	$	5,940
Intersegment revenues	302		105		668		1,126
	2,383		1,217		6,218		7,066
Interstate transportation and storage:
Revenues from external customers	533		412		1,591		1,317
Intersegment revenues	16		6		54		33
	549		418		1,645		1,350
Midstream:
Revenues from external customers	1,115		560		3,399		1,709
Intersegment revenues	3,756		2,359		10,447		6,081
	4,871		2,919		13,846		7,790
NGL and refined products transportation and services:
Revenues from external customers	5,169		4,499		16,644		11,726
Intersegment revenues	906		763		3,265		2,048
	6,075		5,262		19,909		13,774
Crude oil transportation and services:
Revenues from external customers	6,415		4,577		19,640		12,497
Intersegment revenues	1		1		2		1
	6,416		4,578		19,642		12,498
Investment in Sunoco LP:
Revenues from external customers	6,577		4,772		19,767		12,626
Intersegment revenues	17		7		44		16
	6,594		4,779		19,811		12,642
Investment in USAC:
Revenues from external customers	176		156		503		464
Intersegment revenues	3		3		11		9
	179		159		514		473
All other:
Revenues from external customers	873		576		2,281		2,481
Intersegment revenues	211		120		480		303
	1,084		696		2,761		2,784
Eliminations	(5,212)		(3,364)		(14,971)		(9,617)
Total revenues	$	22,939	$	16,664	$	69,375	$	48,760


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Segment Adjusted EBITDA:
Intrastate transportation and storage	$	301	$	172	$	963	$	3,209
Interstate transportation and storage	409		334		1,259		1,118
Midstream	868		556		2,578		1,321
NGL and refined products transportation and services	634		706		2,097		2,089
Crude oil transportation and services	461		496		1,616		1,490
Investment in Sunoco LP	276		198		681		556
Investment in USAC	109		99		313		299
All other	30		18		149		153
Adjusted EBITDA (consolidated)	3,088		2,579		9,656		10,235
Depreciation, depletion and amortization	(1,030)		(943)		(3,104)		(2,837)
Interest expense, net of interest capitalized	(577)		(558)		(1,714)		(1,713)
Impairment losses and other	(86)		—		(386)		(11)
Gains on interest rate derivatives	60		1		303		72
Non-cash compensation expense	(27)		(26)		(88)		(81)
Unrealized gains (losses) on commodity risk management activities	76		(19)		130		74
Inventory valuation adjustments (Sunoco LP)	(40)		9		81		168
Losses on extinguishments of debt	—		—		—		(8)
Adjusted EBITDA related to unconsolidated affiliates	(147)		(141)		(409)		(400)
Equity in earnings of unconsolidated affiliates	68		71		186		191

Other, net	19		11		(65)		—
Income before income tax expense	1,404		984		4,590		5,690
Income tax expense	(82)		(77)		(159)		(234)


Net income	$	1,322	$	907	$	4,431	$	5,456