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UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Revenues $ 12,023 $ 13,775 $ 38,803 $ 42,018
Operating costs and expenses:        
Operating costs and expenses 10,366 12,033 33,648 36,769
General and administrative costs:        
General and administrative costs 61 61 189 184
Total costs and expenses 10,427 12,094 33,837 36,953
Equity in income of unconsolidated affiliates 90 99 276 302
Operating income 1,686 1,780 5,242 5,367
Other income (expense):        
Interest expense (354) (343) (1,026) (1,006)
Interest income 9 14 23 31
Other, net 2 0 4 0
Total other expense, net (343) (329) (999) (975)
Income before income taxes 1,343 1,451 4,243 4,392
Benefit from (provision for) income taxes (see Note 16) 13 (19) (27) (55)
Net income 1,356 1,432 4,216 4,337
Net income attributable to noncontrolling interests (17) (14) (47) (56)
Net income attributable to preferred units (1) (1) (3) (3)
Net income attributable to common unitholders $ 1,338 $ 1,417 $ 4,166 $ 4,278
Earnings per unit: (see Note 11)        
Basic earnings per common unit (in dollars per unit) $ 0.61 $ 0.65 $ 1.91 $ 1.95
Diluted earnings per common unit (in dollars per unit) $ 0.61 $ 0.65 $ 1.90 $ 1.95
Nonrelated Party        
Revenues:        
Revenues $ 12,009 $ 13,759 $ 38,765 $ 41,976
Operating costs and expenses:        
Operating costs and expenses 9,956 11,661 32,442 35,672
General and administrative costs:        
General and administrative costs 24 19 77 63
Related parties        
Revenues:        
Revenues 14 16 38 42
Operating costs and expenses:        
Operating costs and expenses 410 372 1,206 1,097
General and administrative costs:        
General and administrative costs 37 42 112 121
Total costs and expenses $ 447 $ 414 $ 1,318 $ 1,218