Capital Accounts (Tables)

9 Months Ended

Sep. 30, 2025

Schedule 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
Common unit repurchases under 2019 Buyback Program			(3,566,979)
Common units issued in connection with the vesting of phantom unit awards, net			220,829
Common units outstanding at June 30, 2025			2,165,556,485
Common unit repurchases under 2019 Buyback Program			(2,543,004)
Common units issued in connection with the vesting of phantom unit awards, net			113,097
Common units outstanding at September 30, 2025			2,163,126,578

Schedule 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
Paid in-kind distribution to third party			97
Preferred units outstanding at June 30, 2025			50,879
Paid in-kind distribution to third party			99
Preferred units outstanding at September 30, 2025			50,978

Schedule of 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				Other		Total
	Commodity Derivative Instruments		Interest Rate Derivative Instruments
Accumulated Other Comprehensive Income (Loss), December 31, 2024	$	91	$	143	$	2	$	236
Other comprehensive income (loss) for period, before reclassifications	87		14		–		101
Reclassification of losses (gains) to net income during period	(68)		(5)		–		(73)
Total other comprehensive income (loss) for period	19		9		–		28
Accumulated Other Comprehensive Income (Loss), September 30, 2025	$	110	$	152	$	2	$	264


	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	127		(2)		–		125
Reclassification of losses (gains) to net income during period	(124)		(5)		–		(129)
Total other comprehensive income (loss) for period	3		(7)		–		(4)
Accumulated Other Comprehensive Income (Loss), September 30, 2024	$	157	$	144	$	2	$	303

Schedule of 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 September 30,				For the Nine Months Ended September 30,
Losses (gains) on cash flow hedges:	Location	2025		2024		2025		2024
Interest rate derivatives	Interest expense	$	(2)	$	(2)	$	(5)	$	(5)
Commodity derivatives	Revenue	(47)		(96)		(100)		(176)
Commodity derivatives	Operating costs and expenses	12		19		32		52
Total		$	(37)	$	(79)	$	(73)	$	(129)