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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 104,766 $ 819,491
Accounts receivable, net 955,052 773,197
Other current assets 78,756 64,253
Total current assets 1,138,574 1,656,941
Property, plant, and equipment    
Cost 19,286,072 17,648,375
Less accumulated depreciation 6,743,989 6,427,467
Net property, plant, and equipment 12,542,083 11,220,908
Goodwill 391,480 353,257
Other intangible assets 1,384,593 913,758
Equity investments 493,467 504,859
Other assets 367,610 348,697
Total assets [1] 16,317,807 14,998,420
Current liabilities    
Accounts and imbalance payables 510,372 319,170
Short-term debt 168,104 448,825
Accrued ad valorem taxes 41,831 60,114
Accrued liabilities 528,843 408,375
Total current liabilities 1,249,150 1,236,484
Long-term liabilities    
Long-term debt 8,884,977 8,195,170
Deferred income taxes 116,981 111,277
Asset retirement obligations 471,748 427,858
Other liabilities 1,192,801 864,509
Total long-term liabilities 10,666,507 9,598,814
Total liabilities [2] 11,915,657 10,835,298
Equity and partners' capital    
Common units (413,172,388 and 408,141,366 units issued and outstanding at June 30, 2026 and December 31, 2025, respectively) 4,253,799 4,016,606
General partner units (9,060,641 units issued and outstanding at June 30, 2026, and December 31, 2025) 4,507 4,624
Total partners' capital 4,258,306 4,021,230
Noncontrolling interests 143,844 141,892
Total equity and partners' capital 4,402,150 4,163,122
Total liabilities, equity, and partners' capital $ 16,317,807 $ 14,998,420
Common units issued 413,172,388 408,141,366
Common units outstanding 413,172,388 408,141,366
General partner units issued 9,060,641 9,060,641
General partner units outstanding 9,060,641 9,060,641
[1] Total assets includes related-party amounts of $906.0 million and $946.4 million as of June 30, 2026, and December 31, 2025, respectively, which includes related-party accounts receivable, net of $370.5 million and $407.9 million as of June 30, 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 June 30, 2026, and December 31, 2025, respectively, which includes related-party accounts and imbalance payables of $30.5 million and $20.6 million as of June 30, 2026, and December 31, 2025, respectively. See Note 6.