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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
OPERATING ACTIVITIES:      
Net income $ 527 $ 874 $ 394
Reconciliation of net income to net cash provided by operating activities:      
Depreciation, amortization and accretion 688 368 187
Amortization of deferred financing fees 27 24 8
(Gain) loss on disposal of assets and impairment charges 6 (45) 7
Loss on extinguishment of debt 31 2 0
Gain on West Texas Sale 0 (586) 0
Other non-cash, net 40 (7) 0
Non-cash unit-based compensation expense 19 17 17
Deferred income tax expense (benefit) 38 (14) 13
Inventory valuation adjustments 156 86 114
Equity in earnings of unconsolidated affiliates (143) (60) (5)
Proceeds from Equity Method Investment, Distribution 196 0 0
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital (381) (200) (121)
Net cash provided by operating activities 1,192 549 600
INVESTING ACTIVITIES:      
Capital expenditures (577) (344) (215)
Contributions to unconsolidated affiliate (73) 0 0
Proceeds from West Texas Sale 0 987 0
Distributions from unconsolidated affiliates in excess of cumulative earnings 72 8 9
Proceeds from disposal of property, plant and equipment 28 23 31
Payment for (Proceeds from) Other Investing Activity 0 0 (2)
Net cash provided by (used in) investing activities (2,807) 477 (288)
FINANCING ACTIVITIES:      
Loan origination costs (57) (19) (5)
Proceeds from Issuance of Preferred Stock and Preference Stock 1,473 0 0
Preferred units redemption 0 (784) 0
Payments of Ordinary Dividends, Noncontrolling Interest 0 (8) 0
Cash distributions to unitholders, including incentive distributions 657 566 371
Net cash provided by (used in) financing activities 2,412 (961) (365)
Cash and Cash Equivalents, Period Increase (Decrease), Total 797 65 (53)
Cash and cash equivalents, beginning of period 94 29 82
Cash and cash equivalents, end of period $ 891 $ 94 29
Operating Lease, Weighted Average Remaining Lease Term 16 years 19 years  
GoZone Bonds      
FINANCING ACTIVITIES:      
Senior notes borrowings $ 75 $ 0 0
Senior notes repayments (75) 0 0
Senior Notes      
FINANCING ACTIVITIES:      
Senior notes borrowings 2,900 1,500 500
Senior notes repayments (600) (421) 0
Credit Facility      
FINANCING ACTIVITIES:      
Credit Facility borrowings 2,081 2,786 3,283
Credit Facility repayments (2,284) (3,449) (3,772)
Parkland Credit Facility      
FINANCING ACTIVITIES:      
Credit Facility repayments (444) 0 0
NuStar Acquisition      
INVESTING ACTIVITIES:      
Cash Acquired from Acquisition 0 27 0
FINANCING ACTIVITIES:      
Credit Facility repayments   (455)  
acquisitions of terminals and other assets      
INVESTING ACTIVITIES:      
Payments to Acquire Businesses, Net of Cash Acquired (253) (224) (111)
Parkland Acquisition      
INVESTING ACTIVITIES:      
Payments to Acquire Businesses, Net of Cash Acquired $ (2,004) $ 0 $ 0