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UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Revenues $ 18,269 $ 11,363 $ 32,655 $ 26,780
Operating costs and expenses:        
Operating costs and expenses 16,065 9,592 28,568 23,282
General and administrative costs:        
General and administrative costs 64 68 128 128
Total costs and expenses 16,129 9,660 28,696 23,410
Equity in income of unconsolidated affiliates 109 92 185 186
Operating income 2,249 1,795 4,144 3,556
Other income (expense):        
Interest expense (384) (332) (769) (672)
Interest income 4 6 11 14
Other, net (1) 1 0 2
Total other expense, net (381) (325) (758) (656)
Income before income taxes 1,868 1,470 3,386 2,900
Provision for income taxes (see Note 15) (12) (16) (34) (40)
Net income 1,856 1,454 3,352 2,860
Net income attributable to noncontrolling interests (15) (18) (28) (30)
Net income attributable to preferred units (1) (1) (2) (2)
Net income attributable to common unitholders $ 1,840 $ 1,435 $ 3,322 $ 2,828
Earnings per unit: (see Note 11)        
Basic earnings per common unit (in dollars per unit) $ 0.84 $ 0.66 $ 1.52 $ 1.29
Diluted earnings per common unit (in dollars per unit) $ 0.84 $ 0.66 $ 1.52 $ 1.29
Nonrelated Party        
Revenues:        
Revenues $ 18,255 $ 11,352 $ 32,625 $ 26,756
Operating costs and expenses:        
Operating costs and expenses 15,616 9,188 27,691 22,486
General and administrative costs:        
General and administrative costs 27 26 56 53
Related parties        
Revenues:        
Revenues 14 11 30 24
Operating costs and expenses:        
Operating costs and expenses 449 404 877 796
General and administrative costs:        
General and administrative costs 37 42 72 75
Total costs and expenses $ 486 $ 446 $ 949 $ 871