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Combined Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues      
Affiliate $ 715 $ 615 $ 497
Third-party 505 497 103
Total Revenues 1,220 1,112 600
Costs and Expenses      
Cost of Natural Gas Purchases 2 0 0
Operating expenses 469 468 324
Imbalance settlement gains, net and reimbursements (27) (40) (43)
General and administrative expenses 95 103 74
Depreciation and amortization expenses 190 187 85
Loss (gain) on asset disposals and impairments 4 1 (4)
Operating Income 487 393 164
Interest and financing costs, net (191) (150) (109)
Equity in earnings of equity method investments 13 7 1
Other Income, net 6 0 0
Earnings Before Income Taxes 315 250 56
Income tax expense 0 1 0
Net Earnings 315 249 56
Loss attributable to Predecessors 24 43 46
Net earnings attributable to noncontrolling interest 0 (20) (3)
Net Earnings Attributable To Partners 339 272 99
General partner's interest in net earnings, including incentive distribution rights (152) (73) (43)
Limited partners’ interest in net earnings $ 187 $ 199 $ 56
Net earnings per limited partner unit:      
Common - basic (dollars per unit) $ 1.87 [1] $ 2.33 [1] $ 0.96
Common - diluted (dollars per unit) 1.87 [1] 2.33 [1] 0.96
Subordinated - basic and diluted (dollars per unit) $ 0.00 $ 0.00 $ 0.62
Weighted average limited partner units outstanding:      
Common units - basic (units) 98.2 84.7 54.2
Common units - diluted (units) 98.2 84.8 54.2
Subordinated units - basic and diluted (units) [2] 0.0 0.0 5.6
Cash distributions paid per unit $ 3.3070 $ 2.8350 $ 2.4125
[1] The sum of four quarters may not equal annual results due to rounding or the quarterly number of units outstanding.
[2] On May 16, 2014, the subordinated units were converted into common units on a one-for-one basis and thereafter participate on terms equal with all other common units in distributions of available cash. Distributions and the Partnership’s net earnings were allocated to the subordinated units through May 15, 2014.