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Condensed Consolidated Statements Of Operations (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES        
Gas sales, including related party amounts of $26, $9, $34 and $15 $ 220 $ 108 $ 387 $ 189
NGL sales, including related party amounts of $11, $1, $12 and $26 245 265 480 442
Gathering, transportation and other fees, including related party amounts of $6, $7, $14 and $14 131 95 258 196
Net realized and unrealized loss from derivatives 14 21 11 19
Other, including related party amounts of $–, $–, $– and $1 29 22 43 40
Total revenues 639 511 1,179 886
OPERATING COSTS AND EXPENSES        
Cost of sales, including related party amounts of $23, $8, $27 and $16 445 336 832 590
Operation and maintenance, including related party amounts of $–, $3, $– and $18 73 57 142 98
General and administrative, including related party amounts of $3, $4, $7 and $9 18 25 51 57
Loss on asset sales, net 1 2 2 2
Depreciation and amortization 68 69 133 122
Total operating costs and expenses 605 489 1,160 869
OPERATING INCOME 34 22 19 17
Income from unconsolidated affiliates 31 34 66 66
Interest expense, net (41) (28) (78) (57)
Loss on debt refinancing, net (7) (8) (7) (8)
Other income and deductions, net (7) 8 (21) 25 [1]
INCOME (LOSS) BEFORE INCOME TAXES 10 28 (21) 43
Income tax benefit (1) 0 (3) 0
NET INCOME (LOSS) 11 28 (18) 43
Net income attributable to noncontrolling interest (1) (1) (1) (1)
NET INCOME (LOSS) ATTRIBUTABLE TO REGENCY ENERGY PARTNERS LP 10 27 (19) 42
Amounts attributable to Series A Preferred Units 2 2 4 5
General partner’s interest, including IDRs 3 3 5 5
Beneficial conversion feature for Class F Units 1 0 1 0
Pre-acquisition income from SUGS allocated to general partner (9) (1) (33) (15)
Limited partners’ interest in net income (loss) 13 23 4 47
Basic and diluted net income per common unit:        
Amount allocated to common units 13 23 4 47
Weighted average number of common units outstanding 193,065,183 170,107,060 182,070,077 164,398,548
Basic income per common unit 0.07 0.14 0.02 0.29
Diluted income per common unit 0.07 0.10 0.02 0.26
Distributions per common unit $ 0.465 $ 0.46 $ 0.925 $ 0.92
Amount allocated to Class F units due to beneficial conversion feature $ 1 $ 0 $ 1 $ 0
Issuance of common units and Class F units in connection with SUGS Acquisition 6,274,483 0 6,274,483 0
Income per Class F unit due to beneficial conversion feature $ 0.18 $ 0.00 $ 0.18 $ 0.00
[1] Other income and deductions, net for the six months ended June 30, 2012 included a one-time producer payment of $16 million related to an assignment of certain contracts.