Capital Accounts (Tables)

3 Months Ended

Mar. 31, 2025

Capital Accounts [Abstract]

Summary of Changes in Outstanding Common Units

The following table summarizes changes in the number of our common units outstanding since December 31, 2024:

Common units outstanding at December 31, 2024	2,165,699,962
Common unit repurchases under 2019 Buyback Program	(1,803,215	)
Common units issued in connection with the vesting of phantom unit awards, net	4,989,490
Other	16,398
Common units outstanding at March 31, 2025	2,168,902,635

Summary of Changes in Outstanding Preferred Units

The following table summarizes changes in the number of our Series A Cumulative Convertible Preferred Units (“preferred units”) outstanding since December 31, 2024.

Preferred units outstanding at December 31, 2024	50,687
Paid in-kind distribution to third party	95
Preferred units outstanding at March 31, 2025	50,782

Components of Accumulated Other Comprehensive Income (Loss)

The following tables present the components of accumulated other comprehensive income (loss) as reported on our Unaudited Condensed Consolidated Balance Sheets at the dates indicated:

	Cash Flow Hedges
	Commodity Derivative Instruments		Interest Rate Derivative Instruments			Other		Total
Accumulated Other Comprehensive Income (Loss), December 31, 2024	$	91	$	143		$	2	$	236
Other comprehensive income (loss) for period, before reclassifications		22		2			–		24
Reclassification of losses (gains) to net income during period		26		(1	)		–		25
Total other comprehensive income (loss) for period		48		1			–		49
Accumulated Other Comprehensive Income (Loss), March 31, 2025	$	139	$	144		$	2	$	285

	Cash Flow Hedges
	Commodity Derivative Instruments			Interest Rate Derivative Instruments			Other		Total
Accumulated Other Comprehensive Income (Loss), December 31, 2023	$	154		$	151		$	2	$	307
Other comprehensive income (loss) for period, before reclassifications		(162	)		2			–		(160	)
Reclassification of losses (gains) to net income during period		(2	)		(2	)		–		(4	)
Total other comprehensive income (loss) for period		(164	)		–			–		(164	)
Accumulated Other Comprehensive Income (Loss), March 31, 2024	$	(10	)	$	151		$	2	$	143

Reclassification out of Accumulated Other Comprehensive Income (Loss)

The following table presents reclassifications of (income) loss out of accumulated other comprehensive income (loss) into net income during the periods indicated:

		For the Three Months Ended March 31,
Losses (gains) on cash flow hedges:	Location	2025			2024
Interest rate derivatives	Interest expense	$	(1	)	$	(2	)
Commodity derivatives	Revenue		14			(19	)
Commodity derivatives	Operating costs and expenses		12			17
Total		$	25		$	(4	)