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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenues:        
Trading and marketing gains (losses), net $ 20 $ (14) $ 107 $ (249)
Total operating revenues 1,841 4,269 4,567 7,644
Operating costs and expenses:        
Operating and maintenance expense 229 189 426 341
Depreciation and amortization expense 91 90 181 180
General and administrative expense 68 65 148 120
Other income, net 0 (8) 0 (8)
Asset Impairment 0 1 0 1
Loss (gain) on sale of assets, net 3 0 3 (7)
Restructuring costs 16 0 26 0
Total operating costs and expenses 1,819 3,981 4,424 7,346
Operating income 22 288 143 298
Earnings from unconsolidated affiliates 148 168 308 311
Interest expense, net (75) (70) (143) (141)
Income before income taxes 95 386 308 468
Income tax expense 0 (2) (1) (3)
Net income 95 384 307 465
Net income attributable to noncontrolling interests (1) (1) (2) (2)
Net income attributable to partners 94 383 305 463
Series A preferred limited partners' interest in net income 0 (9) 0 (18)
Series B preferred limited partners' interest in net income (3) (3) (6) (6)
Series C preferred limited partners' interest in net income (2) (3) (4) (5)
Net income allocable to limited partners $ 84 $ 368 $ 290 $ 434
Net income per limited partner unit — basic and diluted $ 0.40 $ 1.77 $ 1.39 $ 2.08
Weighted Average Limited Partnership Units Outstanding, Basic 208.7 208.4 208.6 208.4
Weighted Average Limited Partnership Units Outstanding, Diluted 208.7 208.5 208.6 208.6
Preferred Stock Redemption Premium $ (5) $ 0 $ (5) $ 0
Series A Preferred Limited Partners [Member]        
Operating costs and expenses:        
Net income   9    
Limited Partners        
Operating costs and expenses:        
Net income 89 368    
Preferred Stock Redemption Premium (5)      
Natural Gas, NGLs and Condensate [Member] | Third Party        
Operating revenues:        
Sales of natural gas, NGLs and condensate 762 2,880 2,505 5,208
Operating costs and expenses:        
Purchases and related costs 1,112 3,269 2,964 5,988
Transportation, Processing and Other [Member]        
Operating revenues:        
Sales of natural gas, NGLs and condensate 148 184 311 339
Affiliated Entity | Natural Gas, NGLs and Condensate [Member]        
Operating revenues:        
Sales of natural gas, NGLs and condensate 911 1,219 1,644 2,346
Operating costs and expenses:        
Purchases and related costs 12 100 109 199
Affiliated Entity | Transportation Fees        
Operating costs and expenses:        
Purchases and related costs $ 288 $ 275 $ 567 $ 532