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Consolidated Statements Of Operations - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
REVENUES:        
Total revenues $ 19,954 $ 20,772 $ 60,216 $ 63,130
COSTS AND EXPENSES:        
Cost of products sold 14,562 15,612 44,079 47,818
Operating expenses 1,532 1,358 4,174 3,723
Depreciation, depletion and amortization 1,440 1,324 4,191 3,791
Selling, general and administrative 268 297 813 889
Impairment losses 1 0 8 50
Total costs and expenses 17,803 18,591 53,265 56,271
OPERATING INCOME 2,151 2,181 6,951 6,859
OTHER INCOME (EXPENSE):        
Interest expense, net of interest capitalized (890) (828) (2,564) (2,318)
Equity in earnings of unconsolidated affiliates [1] 116 102 313 285
Losses on extinguishments of debt (12) 0 (31) (11)
Gain (loss) on interest rate derivative [2] 0 (6) 0 6
Gain on sale of Sunoco LP West Texas assets 0 0 0 598
Other, net 14 74 8 104
INCOME BEFORE INCOME TAX EXPENSE 1,379 1,523 4,677 5,523
Income tax expense 87 89 207 405
Net income 1,292 1,434 4,470 5,118
Less: Net income attributable to noncontrolling interests 259 238 918 1,337
Less: Net income attributable to redeemable noncontrolling interests 14 13 47 44
NET INCOME ATTRIBUTABLE TO PARTNERS 1,019 1,183 3,505 3,737
Less: General Partner’s interest in net income 1 1 3 3
Preferred Unitholders’ interest in net income 59 67 189 294
Preferred Stock Redemption Premium 0 0 8 54
Common Unitholders’ interest in net income $ 959 $ 1,115 $ 3,305 $ 3,386
NET INCOME PER COMMON UNIT:        
Basic $ 0.28 $ 0.33 $ 0.96 $ 1.00
Diluted $ 0.28 $ 0.32 $ 0.96 $ 0.99
Crude sales        
REVENUES:        
Total revenues $ 5,296 $ 6,476 $ 15,769 $ 19,872
NGL sales        
REVENUES:        
Total revenues 4,285 4,707 14,427 14,336
Gathering, transportation and other fees        
REVENUES:        
Total revenues 3,126 3,105 9,211 9,031
Natural gas sales        
REVENUES:        
Total revenues 1,015 505 3,654 1,820
Other        
REVENUES:        
Total revenues 383 413 1,168 1,005
Refined product sales        
REVENUES:        
Total revenues $ 5,849 $ 5,566 $ 15,987 $ 17,066
[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.