v3.19.2
Condensed Statements of Consolidated Operations (unaudited) Statement - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:            
Revenues $ 601   $ 569 [1],[2]   $ 1,231 $ 1,115 [1],[2]
Costs and Expenses:            
NGL expense (excluding items shown separately below) 33   45 [2]   92 93 [2]
Operating expenses (excluding depreciation and amortization) 237   221 [2]   476 422 [2]
Depreciation and amortization expenses 104   93 [2]   205 182 [2],[3]
General and administrative expenses 18   29 [2]   38 60 [2]
Loss on asset disposals and impairments 2   1 [2]   2 1 [2],[3]
Operating Income 207   180 [1],[2]   418 357 [1],[2]
Interest and financing costs, net (63)   (60) [1],[2]   (124) (115) [1],[2]
Equity in earnings of equity method investments 9   10 [1],[2]   16 18 [1],[2]
Other income, net 7   2 [1],[2]   7 3 [1],[2]
Net Earnings 160   132 [1],[2],[4]   317 263 [1],[2],[3],[4]
Loss attributable to Predecessors 0   16 [2] $ 8 0 24 [2]
Net Earnings Attributable to Partners 160 $ 157 148 $ 139 317 287
Preferred unitholders’ interest in net earnings (10)   (10)   (20) (24)
Limited Partners’ Interest in Net Earnings $ 150   $ 138   $ 297 $ 263
Net earnings per limited partner unit:            
Common - basic [5] $ 0.65   $ 0.63   $ 1.29 $ 1.23
Common - diluted [5] $ 0.65   $ 0.63   $ 1.29 $ 1.23
Weighted average limited partner units outstanding:            
Common units - basic 245.6   217.2   245.6 217.2
Common units - diluted [6] 245.7   217.3   245.7 217.3
Affiliated Entity            
Revenues:            
Revenues [7] $ 424   $ 389 [2],[8]   $ 868 $ 716 [2],[8]
Third Party            
Revenues:            
Revenues $ 177   $ 180 [2]   $ 363 $ 399 [2]
[1]
Adjusted to include the historical results of the Predecessors. See Note 1 for further discussion.
[2]
Adjusted to include the historical results of the Predecessors. See Note 1 for further discussion.
[3] Adjusted to include the historical results of the Predecessors. See Note 1 for further discussion.
[4]
Adjusted to include the historical results of the Predecessors. See Note 1 for further discussion.
[5]
Amounts may not recalculate due to rounding of dollar and unit information.
[6]
Diluted net earnings per unit include the effects of potentially dilutive units on our common units, which consist of unvested phantom units.
[7]
Represents 71% and 68% of our total revenues for the three months ended June 30, 2019 and 2018, respectively, and 71% and 64% of our total revenues for the six months ended June 30, 2019 and 2018, respectively.
[8]
Adjusted to include the historical results of the Predecessors. See Note 1 for further discussion.