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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income (loss) $ 774,283 $ 667,314
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 406,371 342,573
Long-lived asset and other impairments 1,159 689
Non-cash equity-based compensation expense 24,361 18,961
Deferred income taxes 2,258 2,012
Accretion and amortization of long-term obligations, net 1,616 4,234
Equity income, net – related parties (36,312) (47,563)
Distributions from equity-investment earnings – related parties 40,375 51,419
(Gain) loss on divestiture and other, net [1] 10,965 5,578
(Gain) loss on early extinguishment of debt 150 0
Other 325 233
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable, net (97,982) (2,791)
Increase (decrease) in accounts and imbalance payables and accrued liabilities, net (21,891) (15,645)
Change in other items, net (101,039) 67,756
Net cash provided by operating activities 1,004,639 1,094,770
Cash flows from investing activities    
Capital expenditures (506,065) (321,025)
Contributions to equity investments - related parties (2,578) 0
Distributions from equity investments in excess of cumulative earnings – related parties 9,907 14,047
(Increase) decrease in materials and supplies inventory and other (24,764) (7,820)
Net cash provided by (used in) investing activities (1,342,223) (314,764)
Cash flows from financing activities    
Borrowings, net of debt issuance costs 1,052,642 (1,171)
Repayments of debt (800,505) (1,000,589)
Commercial paper borrowings (repayments), net 162,905 0
Increase (decrease) in outstanding checks 14,858 (7,656)
Distributions to Partnership unitholders [2] (754,318) (696,249)
Other (34,220) (20,856)
Net cash provided by (used in) financing activities (377,141) (1,740,738)
Net increase (decrease) in cash and cash equivalents (714,725) (960,732)
Cash and cash equivalents at beginning of period 819,491 1,090,464
Cash and cash equivalents at end of period 104,766 129,732
Supplemental disclosures    
Interest paid, net of capitalized interest 223,615 197,964
Accrued capital expenditures 141,356 85,153
Income taxes paid (reimbursements received) 13,618 2,301
Asset retirement cost additions and revisions, net 30,892 5,795
Acquisition-related issuance of units 851,963 0
WES unit redemption with Occidental [2] (610,000) 0
Chipeta [Member]    
Cash flows from financing activities    
Distributions to Chipeta noncontrolling interest owner (3,998) 0
WES Operating [Member]    
Cash flows from financing activities    
Distributions to noncontrolling interest owner of WES Operating (14,505) (14,217)
Third Parties [Member]    
Cash flows from investing activities    
Acquisitions from third parties (818,723) 0
Proceeds from the sale of assets $ 0 $ 34
[1] See Note 6.
[2] See Note 6.