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Reportable Segments (Tables)
 6 Months Ended
Jun. 30, 2024
Financial Information By Segment
The following tables present financial information by segment:
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Revenues:
Intrastate transportation and storage:
Revenues from external customers$578 $730 $1,388 $1,544 
Intersegment revenues59 77 167 553 
637 807 1,555 2,097 
Interstate transportation and storage:
Revenues from external customers513 536 1,108 1,158 
Intersegment revenues6 14 13 26 
519 550 1,121 1,184 
Midstream:
Revenues from external customers776 786 1,582 1,595 
Intersegment revenues1,731 1,682 3,699 3,627 
2,507 2,468 5,281 5,222 
NGL and refined products transportation and services:
Revenues from external customers4,897 4,104 10,581 8,841 
Intersegment revenues898 897 1,740 1,763 
5,795 5,001 12,321 10,604 
Crude oil transportation and services:
Revenues from external customers7,362 5,953 15,000 12,032 
Intersegment revenues10 — 10 1 
7,372 5,953 15,010 12,033 
Investment in Sunoco LP:
Revenues from external customers6,172 5,729 11,667 11,078 
Intersegment revenues1 16 5 29 
6,173 5,745 11,672 11,107 
Investment in USAC:
Revenues from external customers230 201 453 393 
Intersegment revenues6 6 12 11 
236 207 465 404 
All other:
Revenues from external customers201 281 579 674 
Intersegment revenues95 118 183 269 
296 399 762 943 
Eliminations(2,806)(2,810)(5,829)(6,279)
Total revenues$20,729 $18,320 $42,358 $37,315 
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Segment Adjusted EBITDA:
Intrastate transportation and storage$328 $216 $766 $625 
Interstate transportation and storage392 441 875 977 
Midstream693 579 1,389 1,220 
NGL and refined products transportation and services1,070 837 2,059 1,776 
Crude oil transportation and services801 674 1,649 1,200 
Investment in Sunoco LP320 250 562 471 
Investment in USAC144 125 283 243 
All other12 — 57 43 
Adjusted EBITDA (consolidated)$3,760 $3,122 $7,640 $6,555 
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Reconciliation of net income to Adjusted EBITDA:
Net income$1,992 $1,233 $3,684 $2,680 
Depreciation, depletion and amortization1,213 1,061 2,467 2,120 
Interest expense, net of interest capitalized762 641 1,490 1,260 
Income tax expense227 108 316 179 
Impairment losses50 10 50 11 
Gain on interest rate derivatives(3)(35)(12)(15)
Non-cash compensation expense30 27 76 64 
Unrealized (gain) loss on commodity risk management activities(38)(55)103 75 
Inventory valuation adjustments (Sunoco LP)32 57 (98)28 
Loss on extinguishment of debt6 — 11 — 
Adjusted EBITDA related to unconsolidated affiliates170 171 341 332 
Equity in earnings of unconsolidated affiliates(85)(95)(183)(183)
Gain on sale of West Texas assets (Sunoco LP)(598)— (598)— 
Other, net2 (1)(7)4 
Adjusted EBITDA (consolidated)$3,760 $3,122 $7,640 $6,555