XML 55 R43.htm IDEA: XBRL DOCUMENT v3.24.3
Partners' Capital (Tables)
12 Months Ended
Dec. 31, 2023
Partners' Capital [Abstract]  
Schedule of Common Unit Activity
Common unit activity for the years ended December 31, 2023 and 2022 was as follows:
Number of Units
Number of common units at December 31, 202183,670,950 
Phantom unit vesting383,815 
Number of common units at December 31, 202284,054,765 
Phantom unit vesting353,249 
Number of common units at December 31, 202384,408,014 
Schedule of Net Income Allocation By Partners
The calculation of net income allocated to common unitholders was as follows:
Year Ended December 31,
 202320222021
Attributable to Common Units   
Distributions declared$284 $277 $275 
Distributions (in excess of) less than net income27 120 171 
Common unitholders’ interest in net income$311 $397 $446 
Schedule of Incentive Distribution Rights to Limited Partners The percentage interests shown for our common unitholders and our IDR holder for the minimum quarterly distribution are also applicable to quarterly distribution amounts that are less than the minimum quarterly distribution. Energy Transfer currently owns our IDRs.
  Marginal percentage interest in distributions
 Total quarterly distribution per Common unit
target amount
Common
Unitholders
Holder of IDRs
Minimum Quarterly Distribution$0.4375100 %— 
First Target DistributionAbove $0.4375 up to $0.503125100 %— 
Second Target DistributionAbove $0.503125 up to $0.54687585 %15 %
Third Target DistributionAbove $0.546875 up to $0.65625075 %25 %
ThereafterAbove $0.65625050 %50 %
Distributions Made to Limited Partner, by Distribution
Cash distributions paid or to be paid were as follows: 
 Common Units 
Payment DatePer Unit DistributionTotal Cash DistributionDistribution to IDR Holders
February 19, 2021$0.8255 $69 $18 
May 19, 20210.8255 69 18 
August 19, 20210.8255 69 18 
November 19, 20210.8255 69 18 
February 18, 20220.8255 69 18 
May 19, 20220.8255 69 18 
August 19, 20220.8255 69 18 
November 18, 20220.8255 69 18 
February 21, 20230.8255 69 18 
May 22, 20230.8420 71 19 
August 21, 20230.8420 71 19 
November 20, 20230.8420 71 19 
February 20, 20240.8420 71 19