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Consolidated Statements Of Operations - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUES:    
Total revenues $ 21,020 $ 21,629
COSTS AND EXPENSES:    
Cost of products sold 15,571 16,597
Operating expenses 1,299 1,138
Depreciation, depletion and amortization 1,367 1,254
Selling, general and administrative 288 260
Impairment loss 4 0
Total costs and expenses 18,529 19,249
OPERATING INCOME 2,491 2,380
OTHER INCOME (EXPENSE):    
Interest expense, net of interest capitalized (809) (728)
Equity in earnings of unconsolidated affiliates [1] 92 98
Losses on extinguishments of debt (2) (5)
Gain on interest rate derivative [2] 0 9
Other, net (11) 27
INCOME BEFORE INCOME TAX EXPENSE 1,761 1,781
Income tax expense 41 89
Net income 1,720 1,692
Less: Net income attributable to noncontrolling interests 384 436
Less: Net income attributable to redeemable noncontrolling interests 13 16
NET INCOME ATTRIBUTABLE TO PARTNERS 1,323 1,240
Less: General Partner’s interest in net income 1 1
Preferred Unitholders’ interest in net income 67 129
Preferred Stock Redemption Premium 0 21
Common Unitholders’ interest in net income $ 1,255 $ 1,089
NET INCOME PER COMMON UNIT:    
Basic $ 0.37 $ 0.32
Diluted $ 0.36 $ 0.32
Crude sales    
REVENUES:    
Total revenues $ 5,449 $ 6,844
NGL sales    
REVENUES:    
Total revenues 5,642 5,251
Gathering, transportation and other fees    
REVENUES:    
Total revenues 3,005 2,901
Natural gas sales    
REVENUES:    
Total revenues 1,581 855
Other    
REVENUES:    
Total revenues 380 265
Refined product sales    
REVENUES:    
Total revenues $ 4,963 $ 5,513
[1] Amounts reflected above exclude Sunoco LP’s earnings from the ET-S Permian and J.C. Nolan joint ventures, which are eliminated in consolidation.
[2] This interest rate derivative was terminated by USAC in August 2024.