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v3.26.1

Segment Information - Reconciliation to Net Income (Details) - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2026 | Mar. 31, 2025
Segment Reporting, Revenue Reconciling Item [Line Items] |  |  |
Depreciation and Amortization | [1] | $ 358 | $ 326
Interest and Other Financial Costs |  | 291 | 229
Income from equity method investments |  | 182 | 186
Net income |  | 922 | 1,136
Operating Segments |  |  |
Segment Reporting, Revenue Reconciling Item [Line Items] |  |  |
Adjusted EBITDA |  | 1,729 | 1,757
Segment Reconciling Items [Member] |  |  |
Segment Reporting, Revenue Reconciling Item [Line Items] |  |  |
Distributions/adjustments related to equity method investments |  | 251 | 227
Adjusted EBITDA attributable to noncontrolling interests |  | 11 | 11
Other Noncash Income (Expense) | [2] | 100 | 36
Crude Oil and Products Logistics |  |  |
Segment Reporting, Revenue Reconciling Item [Line Items] |  |  |
Depreciation and Amortization |  | 143 | 133
Crude Oil and Products Logistics | Operating Segments |  |  |
Segment Reporting, Revenue Reconciling Item [Line Items] |  |  |
Adjusted EBITDA | [3] | 1,111 | 1,097
Income from equity method investments |  | 62 | 56
Natural Gas and NGL Services |  |  |
Segment Reporting, Revenue Reconciling Item [Line Items] |  |  |
Depreciation and Amortization |  | 215 | 193
Natural Gas and NGL Services | Operating Segments |  |  |
Segment Reporting, Revenue Reconciling Item [Line Items] |  |  |
Adjusted EBITDA | [3] | 618 | 660
Income from equity method investments |  | $ 120 | $ 130
[1] | Depreciation and amortization attributable to Crude Oil and Products Logistics was $143 million and $133 million for the three months ended March 31, 2026 and March 31, 2025, respectively. Depreciation and amortization attributable to Natural Gas and NGL Services was $215 million and $193 million for the three months ended March 31, 2026 and March 31, 2025, respectively.
[2] | Includes unrealized derivative gain/(loss), equity-based compensation, provision for income taxes, and other miscellaneous items.
[3] | See below for the reconciliation from Segment Adjusted EBITDA to Net income.

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