XML 44 R30.htm IDEA: XBRL DOCUMENT v3.25.3
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2025
Fair Value Measurements [Abstract]  
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 September 30, 2025 and December 31, 2024 based on inputs used to derive their fair values:
Fair Value Measurements at
September 30, 2025
Fair Value TotalLevel 1Level 2Level 3
Assets:
Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX$12 $12 $— $— 
Swing Swaps IFERC— — 
Fixed Swaps/Futures46 46 — — 
Power:
Forwards42 — 42 — 
Futures29 29 — — 
Options – Calls— — 
NGLs – Forwards/Swaps215 195 20 — 
Refined Products – Futures— — 
Crude – Forwards/Swaps27 22 — 
Total commodity derivatives384 317 67 — 
Other non-current assets215 215 — — 
Total assets$599 $532 $67 $— 
Liabilities:
Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX$(20)$(20)$— $— 
Swing Swaps IFERC(3)(3)— — 
Fixed Swaps/Futures(4)(4)— — 
Power:
Forwards(41)— (41)— 
Futures(29)(29)— — 
Options – Calls(1)(1)— — 
NGLs – Forwards/Swaps(159)(154)(5)— 
Refined Products – Futures(18)(18)— — 
Crude – Forwards/Swaps(30)(25)(5)— 
Total commodity derivatives(305)(254)(51)— 
Total liabilities$(305)$(254)$(51)$— 
Fair Value Measurements at
December 31, 2024
Fair Value TotalLevel 1Level 2Level 3
Assets:
Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX$$$— $— 
Swing Swaps IFERC— — 
Fixed Swaps/Futures10 10 — — 
Power:
Forwards39 39 — — 
Futures10 10 — — 
NGLs – Forwards/Swaps166 166 — — 
Refined Products – Futures— — 
Crude – Forwards/Swaps25 25 — — 
Total commodity derivatives263 263 — — 
Other non-current assets212 212 — — 
Total assets$475 $475 $— $— 
Liabilities:
Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX$(11)$(11)$— $— 
Swing Swaps IFERC(11)(11)— — 
Fixed Swaps/Futures(9)(9)— — 
Power:
Forwards(38)(38)— — 
Futures(10)(10)— — 
NGLs – Forwards/Swaps(170)(170)— — 
Refined Products – Futures(9)(9)— — 
Crude – Forwards/Swaps(35)(35)— — 
Total commodity derivatives(293)(293)— — 
Total liabilities$(293)$(293)$— $—