XML 24 R4.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 647,495 $ 819,491
Accounts receivable, net 822,747 773,197
Other current assets 69,165 64,253
Total current assets 1,539,407 1,656,941
Property, plant, and equipment    
Cost 17,865,350 17,648,375
Less accumulated depreciation 6,570,657 6,427,467
Net property, plant, and equipment 11,294,693 11,220,908
Goodwill 347,643 353,257
Other intangible assets 901,905 913,758
Equity investments 495,751 504,859
Other assets 345,103 348,697
Total assets [1] 14,924,502 14,998,420
Current liabilities    
Accounts and imbalance payables 413,812 319,170
Short-term debt 445,603 448,825
Accrued ad valorem taxes 49,784 60,114
Accrued liabilities 497,958 408,375
Total current liabilities 1,407,157 1,236,484
Long-term liabilities    
Long-term debt 8,194,171 8,195,170
Deferred income taxes 111,898 111,277
Asset retirement obligations 443,152 427,858
Other liabilities 1,261,134 864,509
Total long-term liabilities 10,010,355 9,598,814
Total liabilities [2] 11,417,512 10,835,298
Equity and partners' capital    
Common units (393,775,833 and 408,141,366 units issued and outstanding at March 31, 2026 and December 31, 2025, respectively) 3,361,526 4,016,606
General partner units (9,060,641 units issued and outstanding at March 31, 2026, and December 31, 2025) 4,265 4,624
Total partners' capital 3,365,791 4,021,230
Noncontrolling interests 141,199 141,892
Total equity and partners' capital 3,506,990 4,163,122
Total liabilities, equity, and partners' capital $ 14,924,502 $ 14,998,420
Common units issued 393,775,833 408,141,366
Common units outstanding 393,775,833 408,141,366
General partner units issued 9,060,641 9,060,641
General Partners' Capital Account, Units Outstanding 9,060,641 9,060,641
[1] Total assets includes related-party amounts of $926.5 million and $946.4 million as of March 31, 2026, and December 31, 2025, respectively, which includes related-party accounts receivable, net of $390.5 million and $407.9 million as of March 31, 2026, and December 31, 2025, respectively. See Note 6.
[2] Total liabilities includes related-party amounts of $1.2 billion and $666.9 million as of March 31, 2026, and December 31, 2025, respectively, which includes related-party accounts and imbalance payables of $25.0 million and $20.6 million as of March 31, 2026, and December 31, 2025, respectively. See Note 6.