Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value, by Balance Sheet Grouping [Table Text Block]

The following tables summarize the gross fair value of our financial assets and liabilities measured and recorded at fair value on a recurring basis as of March 31, 2025 and December 31, 2024 based on inputs used to derive their fair values:


	Fair Value Measurements at March 31, 2025
	Fair Value - Level 1
Assets:

Commodity derivatives:

Natural Gas:
Basis Swaps IFERC/NYMEX	$	9
Swing Swaps IFERC	2
Fixed Swaps/Futures	15



Power:
Forwards	37
Futures	16


NGLs – Forwards/Swaps	271
Refined Products – Futures	2
Crude – Forwards/Swaps	17

Total commodity derivatives	369
Other non-current assets	211
Total assets	$	580
Liabilities:

Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX	$	(25)
Swing Swaps IFERC	(2)
Fixed Swaps/Futures	(45)



Power:
Forwards	(34)
Futures	(15)



NGLs – Forwards/Swaps	(245)
Refined Products – Futures	(11)
Crude – Forwards/Swaps	(27)
Total commodity derivatives	(404)
Total liabilities	$	(404)


	Fair Value Measurements at December 31, 2024
	Fair Value - Level 1
Assets:

Commodity derivatives:

Natural Gas:
Basis Swaps IFERC/NYMEX	$	6
Swing Swaps IFERC	4
Fixed Swaps/Futures	10



Power:
Forwards	39
Futures	10


NGLs – Forwards/Swaps	166
Refined Products – Futures	3
Crude – Forwards/Swaps	25
Total commodity derivatives	263
Other non-current assets	212
Total assets	$	475
Liabilities:

Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX	$	(11)
Swing Swaps IFERC	(11)
Fixed Swaps/Futures	(9)



Power:
Forwards	(38)
Futures	(10)



NGLs – Forwards/Swaps	(170)
Refined Products – Futures	(9)
Crude – Forwards/Swaps	(35)
Total commodity derivatives	(293)
Total liabilities	$	(293)