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UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Revenues $ 11,363 $ 13,483 $ 26,780 $ 28,243
Operating costs and expenses:        
Operating costs and expenses 9,592 11,762 23,282 24,736
General and administrative costs:        
General and administrative costs 68 57 128 123
Total costs and expenses 9,660 11,819 23,410 24,859
Equity in income of unconsolidated affiliates 92 101 186 203
Operating income 1,795 1,765 3,556 3,587
Other income (expense):        
Interest expense (332) (332) (672) (663)
Interest income 6 4 14 17
Other, net 1 0 2 0
Total other expense, net (325) (328) (656) (646)
Income before income taxes 1,470 1,437 2,900 2,941
Provision for income taxes (see Note 16) (16) (15) (40) (36)
Net income 1,454 1,422 2,860 2,905
Net income attributable to noncontrolling interests (18) (16) (30) (42)
Net income attributable to preferred units (1) (1) (2) (2)
Net income attributable to common unitholders $ 1,435 $ 1,405 $ 2,828 $ 2,861
Earnings per unit: (see Note 11)        
Basic earnings per common unit (in dollars per unit) $ 0.66 $ 0.64 $ 1.29 $ 1.31
Diluted earnings per common unit (in dollars per unit) $ 0.66 $ 0.64 $ 1.29 $ 1.30
Nonrelated Party        
Revenues:        
Revenues $ 11,352 $ 13,472 $ 26,756 $ 28,217
Operating costs and expenses:        
Operating costs and expenses 9,188 11,400 22,486 24,011
General and administrative costs:        
General and administrative costs 26 17 53 44
Related parties        
Revenues:        
Revenues 11 11 24 26
Operating costs and expenses:        
Operating costs and expenses 404 362 796 725
General and administrative costs:        
General and administrative costs 42 40 75 79
Total costs and expenses $ 446 $ 402 $ 871 $ 804