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Segment Reporting
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
Description of Segments
Our consolidated financial statements reflect three reportable segments: Fuel Distribution, Pipeline Systems and Terminals.
Fuel Distribution. Our Fuel Distribution segment supplies motor fuel to independently-operated dealer stations, distributors, commission agents and other consumers. Also included in our Fuel Distribution segment is lease income from properties that we lease or sublease, as well as the Partnership’s credit card services, franchise royalties and retail operations in Hawaii and New Jersey.
Pipeline Systems. Our Pipeline Systems segment includes an integrated pipeline and terminal network comprised of approximately 6,000 miles of refined product pipeline (including the pipeline of our J.C. Nolan joint venture), approximately 6,000 miles of crude oil pipeline (including the pipelines of ET-S Permian), approximately 2,000 miles of ammonia pipeline and 67 terminals.
Terminals. Our Terminals segment is composed of four transmix processing facilities and 56 refined product terminals (two in Europe, six in Hawaii and 48 in the continental United States).
Segment Operating Results
The Partnership evaluates performance and allocates resources for all of its reportable segments based on Segment Adjusted EBITDA.
The Partnership’s chief operating decision maker (“CODM”) is its chief operating officer. The CODM uses Segment Adjusted EBITDA to allocate resources (including employees, property, and financial or capital resources) for each segment predominantly in the annual budget and forecasting process. The CODM considers forecast-to-actual variances on a monthly basis when making decisions about allocating capital and personnel to the segments. The CODM also uses Segment Adjusted EBITDA to assess the performance for each segment by comparing the results and return on assets of each segment with one another and in the compensation of certain employees.
The Partnership’s reportable segments are business units that offer different products and services. The reportable segments are each managed separately because they provide different services and products.
We report Adjusted EBITDA by segment as a measure of segment performance. We define Adjusted EBITDA as net income before net interest expense, income tax expense, depreciation, amortization and accretion expense, non-cash compensation expense, gains and losses on disposal of assets and impairment charges, unrealized gains and losses on commodity derivatives, inventory adjustments and certain other operating expenses reflected in net income that we do not believe are indicative of ongoing core operations. Inventory valuation adjustments that are excluded from the calculation of Adjusted EBITDA represent changes in lower of cost or market reserves on the Partnership's inventory. These amounts are unrealized valuation adjustments applied to fuel volumes remaining in inventory at the end of the period.
The following tables present financial information by segment for the years ended December 31, 2024, 2023 and 2022.

Year Ended December 31,
202420232022
Revenues:
Fuel Distribution
Revenues from external customers$21,781 $22,955 $25,629 
Intersegment revenues41 31 31 
21,822 22,986 25,660 
Pipeline Systems
Revenues from external customers562 1 — 
Intersegment revenues3 — — 
565 1 — 
Terminals
Revenues from external customers350 112 100 
Intersegment revenues985 373 436 
1,335 485 536 
Eliminations(1,029)(404)(467)
Total$22,693 $23,068 $25,729 
Year Ended December 31,
202420232022
Cost of sales:
Fuel Distribution$20,635 $21,761 $24,419 
Pipeline Systems30 (2)— 
Terminals959 348 398 
Eliminations(1,029)(404)(467)
Total$20,595 $21,703 $24,350 
Year Ended December 31,
202420232022
Operating expenses, excluding non-cash compensation:
Fuel Distribution$325 $350 $330 
Pipeline Systems136 2 — 
Terminals150 67 66 
Total$611 $419 $396 
Year Ended December 31,
202420232022
General and administrative expenses, excluding non-cash compensation:
Fuel Distribution$88 $113 $110 
Pipeline Systems123 — — 
Terminals55 1 1 
Total$266 $114 $111 
Year Ended December 31,
202420232022
Other(1):
Fuel Distribution$(134)$(103)$(37)
Pipeline Systems(101)(10)(10)
Terminals(1)(19)— 
Total$(236)$(132)$(47)
(1) Other by segment includes Adjusted EBITDA from unconsolidated affiliates, unrealized gains and losses on commodity derivatives, inventory valuation adjustments and other less significant items, as applicable.
Year Ended December 31,
202420232022
Segment Adjusted EBITDA:
Fuel Distribution$908 $865 $838 
Pipeline Systems377 11 10 
Terminals172 88 71 
Total$1,457 $964 $919 
Year Ended December 31,
202420232022
Reconciliation of net income to Adjusted EBITDA:
Net income$874 $394 $475 
Depreciation, amortization and accretion368 187 193 
Interest expense, net391 217 182 
Non-cash unit-based compensation expense17 17 14 
(Gain) loss on disposal of assets and impairment charges45 (7)(13)
Loss on extinguishment of debt2 — — 
Unrealized (gains) losses on commodity derivatives12 (21)21 
Inventory valuation adjustments86 114 (5)
Equity in earnings of unconsolidated affiliates(60)(5)(4)
Adjusted EBITDA related to unconsolidated affiliates101 10 10 
Gain on West Texas Sale(586)— — 
Other non-cash adjustments32 22 20 
Income tax expense175 36 26 
Adjusted EBITDA (consolidated)$1,457 $964 $919 
Total revenues by geographic area are shown in the table below:
Year Ended December 31,
202420232022
United States$22,649 $23,068 $25,729 
Foreign44 — — 
Total$22,693 $23,068 $25,729 
Total assets by reportable segment were as follows:
December 31,
2024		December 31, 2023December 31, 2022
Assets:
Fuel Distribution$6,047 $6,047 $6,022 
Pipeline Systems6,213 49 53 
Terminals1,944 672 643 
Total segment assets14,204 6,768 6,718 
Other partnership assets171 58 112 
Total assets$14,375 $6,826 $6,830 
Additions to property and equipment (excluding acquisitions) by reportable segment were as follows:
Year Ended December 31,
202420232022
Fuel Distribution$231 $182 $154 
Pipeline Systems44 5 12 
Terminals69 28 20 
Total$344 $215 $186