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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES        
Gas sales, including related party amounts of $22, $26, $35 and $34 $ 475 $ 220 $ 810 $ 387
NGL sales, including related party amounts of $57, $11, $107 and $12 422 245 753 480
Gathering, transportation and other fees, including related party amounts of $7, $6, $13 and $14 227 131 399 258
Net realized and unrealized (loss) gain from derivatives (5) 14 (18) 11
Other 59 29 97 43
Total revenues 1,178 639 2,041 1,179
OPERATING COSTS AND EXPENSES        
Cost of sales, including related party amounts of $16, $23, $26 and $27 828 445 1,466 832
Operation and maintenance 93 73 171 142
General and administrative 54 18 87 51
Loss (gain) on asset sales, net 0 1 (2) 2
Depreciation, depletion and amortization 168 68 262 133
Total operating costs and expenses 1,143 605 1,984 1,160
OPERATING INCOME 35 34 57 19
Income from unconsolidated affiliates 47 31 90 66
Interest expense, net (78) (41) (134) (78)
Loss on debt refinancing, net 0 (7) 0 (7)
Other income and deductions, net (7) (7) (5) (21)
(LOSS) INCOME BEFORE INCOME TAXES (3) 10 8 (21)
Income tax expense (benefit) 1 (1) 0 (3)
NET (LOSS) INCOME (4) 11 8 (18)
Net income attributable to noncontrolling interest (4) (1) (7) (1)
NET (LOSS) INCOME ATTRIBUTABLE TO REGENCY ENERGY PARTNERS LP (8) 10 1 (19)
Amounts attributable to Series A Preferred Units 1 2 2 4
General partner’s interest, including IDRs 7 3 12 5
Beneficial conversion feature for Class F units 2 1 4 1
Pre-acquisition loss from SUGS allocated to predecessor equity 0 (9) 0 (33)
Limited partners’ interest in net (loss) income (18) 13 (17) 4
Basic and diluted net (loss) income per common unit:        
Weighted average number of common units outstanding 361,071,005 193,065,183 293,931,615 182,070,077
Basic (loss) income per common unit $ (0.05) $ 0.07 $ (0.06) $ 0.02
Diluted (loss) income per common unit $ (0.05) $ 0.07 $ (0.06) $ 0.02
Distributions per common unit $ 0.490 $ 0.465 $ 0.970 $ 0.925
Amount allocated to Class F units due to beneficial conversion feature $ 2 $ 1 $ 4 $ 1
Total number of Class F units outstanding 6,274,483 6,274,483 6,274,483 6,274,483
Income per Class F unit due to beneficial conversion feature $ 0.27 $ 0.18 $ 0.54 $ 0.18