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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating revenues:        
Trading and marketing gains (losses), net $ 11 $ (1) $ 156 $ 1
Total operating revenues 1,586 1,699 4,517 5,696
Operating costs and expenses:        
Operating and maintenance expense 146 187 447 547
Depreciation and amortization expense 92 100 284 304
General and administrative expense 66 66 173 201
Other expense, net (4) 0 (12) (6)
Asset Impairment 0 247 746 247
Loss on sale of assets, net 0 0 0 14
Restructuring costs 0 2 9 11
Total operating costs and expenses 1,526 1,910 5,009 5,798
Operating (loss) income 60 (211) (492) (102)
Earnings from unconsolidated affiliates 130 114 331 344
Interest expense, net (77) (79) (226) (221)
(Loss) income before income taxes 113 (176) (387) 21
Income tax expense 1 1 2 2
Net income 112 (177) (389) 19
Net income attributable to noncontrolling interests (1) (1) (3) (3)
Net income attributable to partners 111 (178) (392) 16
Series A preferred limited partners' interest in net income (9) (9) (28) (28)
Series B preferred limited partners' interest in net income (3) (3) (9) (9)
Series C preferred limited partners' interest in net income (3) (3) (7) (7)
General partner’s interest in net income 0 (35) 0 (118)
Net income allocable to limited partners $ 96 $ (228) $ (436) $ (146)
Net income per limited partner unit — basic and diluted $ 0.46 $ (1.59) $ (2.09) $ (1.02)
Weighted Average Limited Partnership Units Outstanding, Basic 208,300 143,300 208,300 143,300
Net Income (Loss), Net of Tax, Per Outstanding Limited Partnership Unit, Diluted $ 0.46 $ (1.59) $ (2.09) $ (1.02)
Weighted Average Limited Partnership Units Outstanding, Diluted 208,700 143,300 208,300 143,300
Natural Gas, NGLs and Condensate [Member] | Third Party        
Operating revenues:        
Sales of natural gas, NGLs and condensate $ 1,204 $ 1,353 $ 3,378 $ 4,489
Operating costs and expenses:        
Purchases and related costs 944 1,041 2,539 3,658
Transportation, Processing and Other [Member]        
Operating revenues:        
Sales of natural gas, NGLs and condensate 109 101 330 326
Affiliated Entity | Natural Gas, NGLs and Condensate [Member]        
Operating revenues:        
Sales of natural gas, NGLs and condensate 262 246 653 880
Operating costs and expenses:        
Purchases and related costs 32 47 89 177
Affiliated Entity | Transportation Fees        
Operating costs and expenses:        
Purchases and related costs $ 242 $ 220 $ 710 $ 633