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Advances to and Investments in Unconsolidated Affiliates
 12 Months Ended
Dec. 31, 2024
Investment In Affiliates [Abstract]  
Investments In Affiliates INVESTMENTS IN UNCONSOLIDATED AFFILIATES:
Description of Investments
Following is a summary of the Partnership’s significant unconsolidated investees.
Citrus
Energy Transfer owns a 50% interest in Citrus. Citrus owns 100% of FGT, an approximately 5,362-mile natural gas pipeline system that originates in Texas and delivers natural gas to the Florida peninsula. Our investment in Citrus is reflected in our interstate transportation and storage segment.
MEP
Energy Transfer owns a 50% interest in MEP, which owns the Midcontinent Express Pipeline, an approximately 500-mile natural gas pipeline that extends from Southeast Oklahoma, across Northeast Texas, Northern Louisiana and Central Mississippi to an interconnect with the Transcontinental natural gas pipeline system in Butler, Alabama. Our investment in MEP is reflected in the interstate transportation and storage segment.
White Cliffs
Energy Transfer owns a 54.3% interest in White Cliffs, which consists of two parallel, 12-inch common carrier pipelines: one crude oil pipeline and one NGL pipeline. These pipelines transport crude and NGLs from Platteville, Colorado to Cushing, Oklahoma. White Cliffs is accounted for as an unconsolidated affiliate, despite the Partnership’s ownership of greater than 50%, due to substantive participating rights held by the minority interest owner.
Explorer
Energy Transfer owns a 15% membership interest in Explorer, which consists of a 1,850-mile pipeline which originates from refining centers in Beaumont, Port Arthur, and Houston, Texas and extends to Chicago, Illinois. Our investment in Explorer is reflected in our NGL and refined products transportation and services segment.
SESH
Energy Transfer owns a 50% interest in SESH, which consists of a 290-mile pipeline which provides transportation services in Louisiana, Mississippi and Alabama. Our investment in SESH is reflected in our interstate transportation and storage segment.
Summary of Balances Related to Unconsolidated Affiliates
The carrying values of the Partnership’s investments in unconsolidated affiliates as of December 31, 2024 and 2023 were as follows:
December 31,
20242023
Citrus$1,818 $1,811 
MEP309 332 
White Cliffs196 203 
Explorer66 67 
SESH223 37 
Other654 647 
Total$3,266 $3,097 
The following table presents equity in earnings (losses) of unconsolidated affiliates:
Years Ended December 31,
202420232022
Citrus$136 $146 $141 
MEP63 87 10 
White Cliffs19 10 (8)
Explorer34 37 25 
SESH45 31 22 
Other82 72 67 
Total equity in earnings of unconsolidated affiliates$379 $383 $257 
Summarized Financial Information
The following tables present aggregated selected balance sheet and income statement data for our unconsolidated affiliates, Citrus, MEP, White Cliffs, Explorer and SESH (on a 100% basis) for all periods presented:
December 31,
20242023
Current assets$446 $437 
Property, plant and equipment, net8,478 8,571 
Other assets105 88 
Total assets$9,029 $9,096 
Current liabilities$1,160 $683 
Non-current liabilities3,541 4,379 
Equity4,328 4,034 
Total liabilities and equity$9,029 $9,096 
Years Ended December 31,
202420232022
Revenue$1,898 $1,914 $1,618 
Operating income1,009 1,079 754 
Net income750 786 496 
In addition to the equity method investments described above, we have other equity method investments which are not significant to our consolidated financial statements.