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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 160.1 $ 249.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 514.0 489.5
Gain on disposition of assets (0.1) (1.8)
Non-cash unit-based compensation 16.5 14.2
Non-cash loss on derivatives recognized in net income 4.1 19.0
Gain on extinguishment of debt (9.5) 0.0
Amortization of debt issuance costs and net discount of senior unsecured notes 4.6 4.9
Deferred income tax expense 12.0 39.0
Loss from unconsolidated affiliate investments 12.1 3.7
Impairments 85.2 20.7
Other operating activities (2.5) 2.8
Changes in assets and liabilities, net of the effects of acquisitions:    
Accounts receivable, accrued revenue, and other 117.7 33.3
Product inventory, prepaid expenses, and other (65.7) 59.5
Accounts payable, accrued product purchases, and other accrued liabilities (132.5) (72.7)
Net cash provided by operating activities 716.0 862.0
Cash flows from investing activities:    
Additions to property and equipment (293.9) (320.9)
Contributions to unconsolidated affiliate investments (25.4) (58.4)
Other investing activities (5.8) 5.9
Net cash used in investing activities (325.1) (373.4)
Cash flows from financing activities:    
Proceeds from borrowings 2,736.3 2,538.4
Repayments on borrowings (2,465.2) (2,544.4)
Distributions to members (183.9) (178.6)
Distributions to non-controlling interests (122.4) (132.2)
Payment to redeem mandatorily redeemable non-controlling interest 0.0 (10.5)
Contributions from non-controlling interests 24.7 51.5
Common unit repurchases (166.5) (162.4)
Payment of taxes related to the conversion of unit-based awards for common units (17.9) (19.3)
Other financing activities (9.3) (1.7)
Net cash used in financing activities (409.2) (463.1)
Net increase (decrease) in cash and cash equivalents (18.3) 25.5
Cash and cash equivalents, beginning of period 28.7 22.6
Cash and cash equivalents, end of period 10.4 48.1
Supplemental disclosures of cash flow information:    
Cash paid for interest 223.0 222.8
Cash paid for income taxes 1.1 1.5
Non-cash investing activities:    
Right-of-use assets obtained in exchange for operating lease liabilities 40.3 13.3
Non-cash accrual of property and equipment (29.2) 34.4
Non-cash financing activities:    
Issuance of ENLC common units from Series B Preferred Units exchange 234.9 0.0
Redemption of Series B Preferred Units from Series B Preferred Units exchange (217.5) 0.0
Series B Preferred Stock    
Cash flows from financing activities:    
Repurchase of preferred units (200.0) 0.0
Series C Preferred Stock    
Cash flows from financing activities:    
Repurchase of preferred units $ (5.0) $ (3.9)