XML 127 R86.htm IDEA: XBRL DOCUMENT v3.25.4
Segment Information - Reconciliation Adjusted EBITDA to Net income (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Depreciation and amortization $ 1,351 $ 1,283 $ 1,213
Income from equity method investments 697 802 600
Gain on sales-type leases and equity method investment 484 20 92
Net income 4,952 4,357 3,966
Gain (Loss) on Disposition of Assets (161) 3 (14)
Operating Segments      
Segment Reporting Information [Line Items]      
Adjusted EBITDA 7,017 6,764 6,269
Operating Segments | Crude Oil and Products Logistics [Member]      
Segment Reporting Information [Line Items]      
Adjusted EBITDA [1] 4,547 4,375 4,134
Depreciation and amortization 546 526 530
Income from equity method investments 243 269 270
Operating Segments | Natural Gas & NGL Services [Member]      
Segment Reporting Information [Line Items]      
Adjusted EBITDA [1] 2,470 2,389 2,135
Depreciation and amortization 805 757 683
Income from equity method investments 454 533 [2] 330
Segment Reconciling Items      
Segment Reporting Information [Line Items]      
Depreciation and amortization [3] 1,351 1,283 1,213
Interest and Other Financial Costs 983 921 923
Income from equity method investments 697 802 600
Distributions/adjustments related to equity method investments 962 928 774
Business Combination, Separately Recognized Transaction, Acquisition-Related Cost, Expensed (33) [4] 0 0
Gain on sales-type leases and equity method investment 484 0 92
Adjusted EBITDA attributable to noncontrolling interests 44 44 42
Garyville incident response costs 0 0 (16) [5]
Other [6] (120) (121) (111)
Gain (Loss) on Disposition of Assets $ 159 $ 0 $ 0
[1] See below for the reconciliation from Segment Adjusted EBITDA to Net income.
[2] Includes a $151 million gain related to the dilution of ownership interest in connection with the Whistler Joint Venture Transaction in 2024.
[3] Depreciation and amortization attributable to Crude Oil and Products Logistics was $546 million, $526 million and $530 million for the years ended December 31, 2025, 2024 and 2023, respectively. Depreciation and amortization attributable to Natural Gas and NGL Services was $805 million, $757 million and $683 million for the years ended December 31, 2025, 2024 and 2023, respectively.
[4] Transaction-related costs include costs associated with the Northwind Midstream Acquisition, the BANGL Acquisition and the divestiture of the Rockies gathering and processing operations discussed in Note 4.
[5] In August 2023, a naphtha release and resulting fire occurred at our Garyville Tank Farm resulting in the loss of four storage tanks with a combined shell capacity of 894 thousand barrels. We incurred $16 million of incident response costs, net of insurance recoveries, during the year ended December 31, 2023.
[6] Includes unrealized derivative gain/(loss), equity-based compensation, provision for income taxes and other miscellaneous items