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Condensed Consolidated Statements Of Operations (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES        
Gas sales, including related party amounts of $23, $22, $58 and $56 $ 549 $ 213 $ 1,359 $ 600
NGL sales, including related party amounts of $89, $11, $196 and $23 555 286 1,308 766
Gathering, transportation and other fees, including related party amounts of $13, $6, $26 and $20 283 147 682 405
Net realized and unrealized gain (loss) from derivatives 18 (10) 0 0
Other 78 29 175 73
Total revenues 1,483 665 3,524 1,844
OPERATING COSTS AND EXPENSES        
Cost of sales, including related party amounts of $19, $8, $45 and $35 1,051 477 2,517 1,309
Operation and maintenance 129 78 300 220
General and administrative 36 13 123 64
Loss (gain) on asset sales, net 1 (1) (1) 1
Depreciation, depletion and amortization 122 74 384 207
Total operating costs and expenses 1,339 641 3,323 1,801
OPERATING INCOME 144 24 201 43
Income from unconsolidated affiliates 53 37 143 103
Interest expense, net (86) (41) (220) (119)
Gain (loss) on debt refinancing, net 2 0 2 (7)
Other income and deductions, net (2) 24 (7) 3
INCOME BEFORE INCOME TAXES 111 44 119 23
Income tax expense (benefit) 4 2 4 (1)
NET INCOME 107 42 115 24
Net income attributable to noncontrolling interest (4) (3) (11) (4)
NET INCOME ATTRIBUTABLE TO REGENCY ENERGY PARTNERS LP 103 39 104 20
Amounts attributable to Series A Preferred Units 1 1 3 5
General partner’s interest, including IDRs 10 3 22 8
Beneficial conversion feature for Class F units 1 2 5 3
Pre-acquisition loss from SUGS allocated to predecessor equity 0 0 0 (36)
Limited partners’ interest in net income 91 33 74 40
Basic and diluted net income per common unit:        
Weighted average number of common units outstanding 397,961,321 209,559,854 328,989,245 191,334,032
Basic income per common unit $ 0.23 $ 0.16 $ 0.22 $ 0.21
Diluted income per common unit $ 0.23 $ 0.05 $ 0.22 $ 0.21
Distributions per common unit $ 0.5025 $ 0.470 $ 1.4725 $ 1.395
Amount allocated to Class F units due to beneficial conversion feature $ 1 $ 2 $ 5 $ 3
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 $ 0.27 $ 0.81 $ 0.45