XML 46 R23.htm IDEA: XBRL DOCUMENT
v3.22.4

Reportable Segments | 12 Months Ended
--- | ---
Dec. 31, 2022
Reportable Segments [Abstract] |
Reportable Segments | REPORTABLE SEGMENTS: Our reportable segments currently reflect the following segments, which conduct their business primarily in the United States: •intrastate transportation and storage; •interstate transportation and storage; •midstream; •NGL and refined products transportation and services; •crude oil transportation and services; •investment in Sunoco LP; •investment in USAC; and •all other. Consolidated revenues and expenses reflect the elimination of all material intercompany transactions. Revenues from our intrastate transportation and storage segment are primarily reflected in natural gas sales and gathering, transportation and other fees. Revenues from our interstate transportation and storage segment are primarily reflected in gathering, transportation and other fees. Revenues from our midstream segment are primarily reflected in natural gas sales, NGL sales and gathering, transportation and other fees. Revenues from our NGL and refined products transportation and services segment are primarily reflected in NGL sales and gathering, transportation and other fees. Revenues from our crude oil transportation and services segment are reflected in crude sales and gathering, transportation and other fees. Revenues from our investment in Sunoco LP segment are primarily reflected in refined product sales. Revenues from our investment in USAC segment are primarily reflected in gathering, transportation and other fees. Revenues from our all other segment are primarily reflected in natural gas sales. We report Segment Adjusted EBITDA as a measure of segment performance. We define Segment Adjusted EBITDA as total Partnership earnings before interest, taxes, depreciation, depletion, amortization and other non-cash items, such as non-cash compensation expense, gains and losses on disposals of assets, the allowance for equity funds used during construction, unrealized gains and losses on commodity risk management activities, inventory valuation adjustments, non-cash impairment charges, losses on extinguishments of debt and other non-operating income or expense items. Segment Adjusted EBITDA reflect amounts for unconsolidated affiliates based on the same recognition and measurement methods used to record equity in earnings of unconsolidated affiliates. Adjusted EBITDA related to unconsolidated affiliates excludes the same items with respect to the unconsolidated affiliate as those excluded from the calculation of Segment Adjusted EBITDA and consolidated Adjusted EBITDA, such as interest, taxes, depreciation, depletion, amortization and other non-cash items. Although these amounts are excluded from Adjusted EBITDA related to unconsolidated affiliates, such exclusion should not be understood to imply that we have control over the operations and resulting revenues and expenses of such affiliates. We do not control our unconsolidated affiliates; therefore, we do not control the earnings or cash flows of such affiliates. The use of Segment Adjusted EBITDA or Adjusted EBITDA related to unconsolidated affiliates as an analytical tool should be limited accordingly. The following tables present financial information by segment:
| Years Ended December 31,
| 2022 |  | 2021 |  | 2020
Revenues: |  |  |  |  |
Intrastate transportation and storage: |  |  |  |  |
Revenues from external customers | $ | 6,954 |  |  | $ | 7,307 |  |  | $ | 2,312 |
Intersegment revenues | 864 |  |  | 1,264 |  |  | 232 |
| 7,818 |  |  | 8,571 |  |  | 2,544 |
Interstate transportation and storage: |  |  |  |  |
Revenues from external customers | 2,185 |  |  | 1,802 |  |  | 1,841 |
Intersegment revenues | 66 |  |  | 39 |  |  | 20 |
| 2,251 |  |  | 1,841 |  |  | 1,861 |
Midstream: |  |  |  |  |
Revenues from external customers | 4,114 |  |  | 2,620 |  |  | 1,944 |
Intersegment revenues | 12,987 |  |  | 8,696 |  |  | 3,082 |
| 17,101 |  |  | 11,316 |  |  | 5,026 |
NGL and refined products transportation and services: |  |  |  |  |
Revenues from external customers | 21,414 |  |  | 16,989 |  |  | 8,501 |
Intersegment revenues | 4,243 |  |  | 2,972 |  |  | 2,012 |
| 25,657 |  |  | 19,961 |  |  | 10,513 |
Crude oil transportation and services: |  |  |  |  |
Revenues from external customers | 25,980 |  |  | 17,442 |  |  | 11,674 |
Intersegment revenues | 2 |  |  | 4 |  |  | 5 |
| 25,982 |  |  | 17,446 |  |  | 11,679 |
Investment in Sunoco LP: |  |  |  |  |
Revenues from external customers | 25,677 |  |  | 17,571 |  |  | 10,653 |
Intersegment revenues | 52 |  |  | 25 |  |  | 57 |
| 25,729 |  |  | 17,596 |  |  | 10,710 |
Investment in USAC: |  |  |  |  |
Revenues from external customers | 689 |  |  | 621 |  |  | 655 |
Intersegment revenues | 16 |  |  | 12 |  |  | 12 |
| 705 |  |  | 633 |  |  | 667 |
All other: |  |  |  |  |
Revenues from external customers | 2,863 |  |  | 3,065 |  |  | 1,374 |
Intersegment revenues | 711 |  |  | 411 |  |  | 464 |
| 3,574 |  |  | 3,476 |  |  | 1,838 |
Eliminations | (18,941) |  |  | (13,423) |  |  | (5,884) |
Total revenues | $ | 89,876 |  |  | $ | 67,417 |  |  | $ | 38,954 |
| Years Ended December 31,
| 2022 |  | 2021 |  | 2020
Cost of products sold: |  |  |  |  |
Intrastate transportation and storage | $ | 6,000 |  |  | $ | 4,769 |  |  | $ | 1,478 |
Interstate transportation and storage | 25 |  |  | 11 |  |  | — |
Midstream | 12,682 |  |  | 8,569 |  |  | 2,598 |
NGL and refined products transportation and services | 21,656 |  |  | 16,248 |  |  | 7,139 |
Crude oil transportation and services | 22,917 |  |  | 14,759 |  |  | 8,838 |
Investment in Sunoco LP | 24,350 |  |  | 16,246 |  |  | 9,654 |
Investment in USAC | 111 |  |  | 85 |  |  | 82 |
All other | 3,328 |  |  | 3,068 |  |  | 1,527 |
Eliminations | (18,837) |  |  | (13,360) |  |  | (5,829) |
Total cost of products sold | $ | 72,232 |  |  | $ | 50,395 |  |  | $ | 25,487 |
| Years Ended December 31,
| 2022 |  | 2021 |  | 2020
Depreciation, depletion and amortization: |  |  |  |  |
Intrastate transportation and storage | $ | 209 |  |  | $ | 191 |  |  | $ | 185 |
Interstate transportation and storage | 513 |  |  | 457 |  |  | 411 |
Midstream | 1,351 |  |  | 1,190 |  |  | 1,140 |
NGL and refined products transportation and services | 865 |  |  | 778 |  |  | 667 |
Crude oil transportation and services | 663 |  |  | 588 |  |  | 640 |
Investment in Sunoco LP | 193 |  |  | 177 |  |  | 189 |
Investment in USAC | 237 |  |  | 239 |  |  | 239 |
All other | 133 |  |  | 197 |  |  | 207 |
Total depreciation, depletion and amortization | $ | 4,164 |  |  | $ | 3,817 |  |  | $ | 3,678 |
| Years Ended December 31,
| 2022 |  | 2021 |  | 2020
Equity in earnings (losses) of unconsolidated affiliates: |  |  |  |  |
Intrastate transportation and storage | $ | 17 |  |  | $ | 20 |  |  | $ | 18 |
Interstate transportation and storage | 175 |  |  | 140 |  |  | 17 |
Midstream | 19 |  |  | 24 |  |  | 24 |
NGL and refined products transportation and services | 42 |  |  | 51 |  |  | 60 |
Crude oil transportation and services | — |  |  | 10 |  |  | (2) |
All other | 4 |  |  | 1 |  |  | 2 |
Total equity in earnings of unconsolidated affiliates | $ | 257 |  |  | $ | 246 |  |  | $ | 119 |
| Years Ended December 31,
| 2022 |  | 2021 |  | 2020
Segment Adjusted EBITDA: |  |  |  |  |
Intrastate transportation and storage | $ | 1,396 |  |  | $ | 3,483 |  |  | $ | 863 |
Interstate transportation and storage | 1,753 |  |  | 1,515 |  |  | 1,680 |
Midstream | 3,210 |  |  | 1,868 |  |  | 1,670 |
NGL and refined products transportation and services | 3,025 |  |  | 2,828 |  |  | 2,802 |
Crude oil transportation and services | 2,187 |  |  | 2,023 |  |  | 2,258 |
Investment in Sunoco LP | 919 |  |  | 754 |  |  | 739 |
Investment in USAC | 426 |  |  | 398 |  |  | 414 |
All Other | 177 |  |  | 177 |  |  | 105 |
Adjusted EBITDA (consolidated) | $ | 13,093 |  |  | $ | 13,046 |  |  | $ | 10,531 |
| Years Ended December 31,
| 2022 |  | 2021 |  | 2020
Reconciliation of net income to Adjusted EBITDA: |  |  |  |  |
Net income | $ | 5,868 |  |  | $ | 6,687 |  |  | $ | 140 |
Depreciation, depletion and amortization | 4,164 |  |  | 3,817 |  |  | 3,678 |
Interest expense, net of interest capitalized | 2,306 |  |  | 2,267 |  |  | 2,327 |
Income tax expense | 204 |  |  | 184 |  |  | 237 |
Impairment losses and other | 386 |  |  | 21 |  |  | 2,880 |
(Gains) losses on interest rate derivatives | (293) |  |  | (61) |  |  | 203 |
Non-cash compensation expense | 115 |  |  | 111 |  |  | 121 |
Unrealized (gains) losses on commodity risk management activities | (42) |  |  | (162) |  |  | 71 |
Inventory valuation adjustments | (5) |  |  | (190) |  |  | 82 |
Losses on extinguishments of debt | — |  |  | 38 |  |  | 75 |
Adjusted EBITDA related to unconsolidated affiliates | 565 |  |  | 523 |  |  | 628 |
Equity in earnings of unconsolidated affiliates | (257) |  |  | (246) |  |  | (119) |
Impairment of investments in unconsolidated affiliates | — |  |  | — |  |  | 129 |
Other, net | 82 |  |  | 57 |  |  | 79 |
Adjusted EBITDA (consolidated) | $ | 13,093 |  |  | $ | 13,046 |  |  | $ | 10,531 |
| December 31,
| 2022 |  | 2021 |  | 2020
Segment assets: |  |  |  |  |
Intrastate transportation and storage | $ | 6,609 |  |  | $ | 7,322 |  |  | $ | 6,308 |
Interstate transportation and storage | 17,979 |  |  | 17,774 |  |  | 17,582 |
Midstream | 21,851 |  |  | 21,960 |  |  | 18,583 |
NGL and refined products transportation and services | 27,903 |  |  | 28,160 |  |  | 21,423 |
Crude oil transportation and services | 19,200 |  |  | 19,649 |  |  | 17,960 |
Investment in Sunoco LP | 6,830 |  |  | 5,815 |  |  | 5,267 |
Investment in USAC | 2,666 |  |  | 2,768 |  |  | 2,949 |
All other and eliminations | 2,605 |  |  | 2,515 |  |  | 5,072 |
Total segment assets | $ | 105,643 |  |  | $ | 105,963 |  |  | $ | 95,144 |
| Years Ended December 31,
| 2022 |  | 2021 |  | 2020
Additions to property, plant and equipment (1): |  |  |  |  |
Intrastate transportation and storage | $ | 179 |  |  | $ | 52 |  |  | $ | 49 |
Interstate transportation and storage | 644 |  |  | 159 |  |  | 150 |
Midstream | 1,004 |  |  | 484 |  |  | 487 |
NGL and refined products transportation and services | 507 |  |  | 751 |  |  | 2,403 |
Crude oil transportation and services | 246 |  |  | 343 |  |  | 291 |
Investment in Sunoco LP | 186 |  |  | 174 |  |  | 124 |
Investment in USAC | 169 |  |  | 60 |  |  | 119 |
All other | 91 |  |  | 135 |  |  | 136 |
Total additions to property, plant and equipment (1) | $ | 3,026 |  |  | $ | 2,158 |  |  | $ | 3,759 |
(1)Amounts are presented on the accrual basis, net of contributions in aid of constructions costs. Amounts exclude acquisitions and include only the Partnership’s proportionate share of capital expenditures related to joint ventures.
| December 31,
| 2022 |  | 2021 |  | 2020
Investments in unconsolidated affiliates: |  |  |  |  |
Intrastate transportation and storage | $ | 139 |  |  | $ | 110 |  |  | $ | 89 |
Interstate transportation and storage | 2,201 |  |  | 2,209 |  |  | 2,278 |
Midstream | 54 |  |  | 101 |  |  | 110 |
NGL and refined products transportation and services | 446 |  |  | 476 |  |  | 509 |
Crude oil transportation and services | — |  |  | — |  |  | 22 |
All other | 53 |  |  | 51 |  |  | 52 |
Total investments in unconsolidated affiliates | $ | 2,893 |  |  | $ | 2,947 |  |  | $ | 3,060 |

X
- Definition Reportable Segments [Abstract] + References No definition available. + Details
Name: | et_ReportableSegmentsAbstract
Namespace Prefix: | et_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration