Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2023

The following tables present financial information by segment:


	Three Months Ended March 31,
		2023		2022
Revenues:
Intrastate transportation and storage:
Revenues from external customers		$	814	$	1,475
Intersegment revenues		476		157
		1,290		1,632
Interstate transportation and storage:
Revenues from external customers		622		547
Intersegment revenues		12		19
		634		566
Midstream:
Revenues from external customers		809		1,131
Intersegment revenues		1,945		2,794
		2,754		3,925
NGL and refined products transportation and services:
Revenues from external customers		4,737		5,245
Intersegment revenues		866		1,032
		5,603		6,277
Crude oil transportation and services:
Revenues from external customers		6,079		5,926
Intersegment revenues		1		—
		6,080		5,926
Investment in Sunoco LP:
Revenues from external customers		5,349		5,397
Intersegment revenues		13		5
		5,362		5,402
Investment in USAC:
Revenues from external customers		192		159
Intersegment revenues		5		4
		197		163
All other:
Revenues from external customers		393		611
Intersegment revenues		151		104
		544		715
Eliminations		(3,469)		(4,115)
Total revenues		$	18,995	$	20,491


	Three Months Ended March 31,
		2023		2022
Segment Adjusted EBITDA:
Intrastate transportation and storage		$	409	$	444
Interstate transportation and storage		536		453
Midstream		641		807
NGL and refined products transportation and services		939		700
Crude oil transportation and services		526		593
Investment in Sunoco LP		221		191
Investment in USAC		118		98
All other		43		54
Adjusted EBITDA (consolidated)		$	3,433	$	3,340


	Three Months Ended March 31,
		2023		2022
Reconciliation of net income to Adjusted EBITDA:
Net income		$	1,447	$	1,487
Depreciation, depletion and amortization		1,059		1,028
Interest expense, net of interest capitalized		619		559
Income tax expense (benefit)		71		(9)
Impairment losses		1		300
(Gains) losses on interest rate derivatives		20		(114)
Non-cash compensation expense		37		36
Unrealized losses on commodity risk management activities		130		45
Inventory valuation adjustments (Sunoco LP)		(29)		(120)

Adjusted EBITDA related to unconsolidated affiliates		161		125
Equity in earnings of unconsolidated affiliates		(88)		(56)

Other, net		5		59
Adjusted EBITDA (consolidated)		$	3,433	$	3,340