Reportable Segment (Tables)

3 Months Ended

Mar. 31, 2025

The following table presents information about the Partnership’s single operating and reportable segment including (i) total revenues and other, (ii) significant expenses, and (iii) other segment items:



	Three Months Ended March 31,
thousands		2025		2024
Revenues from external customers (1)		$	916,918	$	887,294
Other revenues		198		435
Total revenues and other		917,116		887,729
Equity income, net – related parties		20,435		32,819
Less significant expenses: (2)
Operation and maintenance		226,514		194,939
Cash general and administrative costs (3)		57,704		57,499
Less other segment items:
Depreciation and amortization		170,460		157,991
Interest expense		97,293		94,506
Other (income) expense, net (4)		(7,477)		(2,346)
Income tax expense (benefit)		3,435		1,522
Other (5)		73,070		(169,779)
Net income (loss)		$	316,552	$	586,216

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(1)Includes Service revenue - fee based, Service revenue - product based, and Product sales.

(2)The significant expense categories and amounts align with the information that is regularly provided to the CODM.

(3)General and administrative expense as presented in the consolidated statements of operations less non-cash equity-based compensation expense and non-cash amortization of cloud-computing arrangements.

(4)Includes interest income earned on cash and cash equivalent balances.

(5)Other includes: (i) Cost of product, (ii) Non-cash equity-based compensation expense, (iii) non-cash amortization of cloud-computing arrangements, (iv) Property and other taxes, (v) Long-lived asset and other impairments, (vi) Gain (loss) on divestiture and other, net, and (vii) Gain (loss) on early extinguishment of debt.