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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 448,447 $ 1,090,464
Accounts receivable, net 673,204 701,838
Other current assets 68,243 54,888
Total current assets 1,189,894 1,847,190
Property, plant, and equipment    
Cost 15,677,543 15,509,910
Less accumulated depreciation 5,950,449 5,795,301
Net property, plant, and equipment 9,727,094 9,714,609
Goodwill 4,783 4,783
Other intangible assets 641,824 649,740
Equity investments 527,526 541,435
Other assets 365,756 387,028
Total assets [1] 12,456,877 13,144,785
Current liabilities    
Accounts and imbalance payables 357,278 312,945
Short-term debt 350,597 1,011,032
Accrued ad valorem taxes 46,016 38,319
Accrued liabilities 257,038 329,398
Total current liabilities 1,010,929 1,691,694
Long-term liabilities    
Long-term debt 6,925,033 6,926,647
Deferred income taxes 31,392 29,679
Asset retirement obligations 378,889 370,195
Other liabilities 777,063 751,400
Total long-term liabilities 8,112,377 8,077,921
Total liabilities [2] 9,123,306 9,769,615
Equity and partners' capital    
Common units (381,327,148 and 380,556,643 units issued and outstanding at March 31, 2025, and December 31, 2024, respectively) 3,183,365 3,224,802
General partner units (9,060,641 units issued and outstanding at March 31, 2025, and December 31, 2024) 10,045 10,803
Total partners' capital 3,193,410 3,235,605
Noncontrolling interests 140,161 139,565
Total equity and partners' capital 3,333,571 3,375,170
Total liabilities, equity, and partners' capital $ 12,456,877 $ 13,144,785
Common units issued 381,327,148 380,556,643
Common units outstanding 381,327,148 380,556,643
General partner units issued 9,060,641 9,060,641
General partner units outstanding 9,060,641 9,060,641
[1] Total assets includes related-party amounts of $968.5 million and $991.1 million as of March 31, 2025, and December 31, 2024, respectively, which includes related-party Accounts receivable, net of $393.5 million and $401.3 million as of March 31, 2025, and December 31, 2024, respectively. See Note 6.
[2] Total liabilities includes related-party amounts of $577.0 million and $529.7 million as of March 31, 2025, and December 31, 2024, respectively, which includes related-party Accounts and imbalance payable of $37.3 million and $20.6 million as of March 31, 2025, and December 31, 2024, respectively. See Note 6.