SUNOCO LP, 10-Q filed on 8/3/2023
Quarterly Report
v3.23.2
Document And Entity Information - shares
6 Months Ended
Jun. 30, 2023
Jul. 28, 2023
Document Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2023  
Document Transition Report false  
Entity File Number 001-35653  
Entity Registrant Name SUNOCO LP  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 30-0740483  
Entity Address, Address Line One 8111 Westchester Drive  
Entity Address, Address Line Two Suite 400  
Entity Address, City or Town Dallas  
Entity Address, State or Province TX  
Entity Address, Postal Zip Code 75225  
City Area Code 214  
Local Phone Number 981-0700  
Title of 12(b) Security Common Units Representing Limited Partner Interests  
Trading Symbol SUN  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Central Index Key 0001552275  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2023  
Document Fiscal Period Focus Q2  
Amendment Flag false  
Common Units [Member]    
Document Information [Line Items]    
Entity Partnership Units Outstanding   84,065,099
Common Class C [Member]    
Document Information [Line Items]    
Entity Partnership Units Outstanding   16,410,780
v3.23.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 239 $ 82
Accounts receivable, net 543 890
Inventories, net 931 821
Other current assets 144 175
Total current assets 1,868 1,983
Property and equipment 2,919 2,796
Accumulated depreciation (1,097) (1,036)
Property and equipment, net 1,822 1,760
Other assets:    
Finance lease right-of-use assets, net 9 9
Operating lease right-of-use assets, net 522 524
Goodwill 1,599 1,601
Intangible Assets, Net (Excluding Goodwill) 564 588
Other non-current assets 271 236
Investment in unconsolidated affiliates 127 129
Total assets 6,782 6,830
Current liabilities:    
Accounts payable 783 966
Accrued expenses and other current liabilities 343 310
Operating lease current liabilities 22 21
Total current liabilities 1,217 1,406
Operating lease non-current liabilities 527 528
Credit Facility 990 900
Long-term debt, net 2,673 2,671
Deferred tax liability 158 156
Other non-current liabilities 113 111
Total liabilities 5,783 5,888
Commitments and contingencies (Note 11)
Equity:    
Total equity 999 942
Total liabilities and equity 6,782 6,830
Related Party    
Current assets:    
Accounts receivable, net 11 15
Current liabilities:    
Accounts payable 69 109
Other Liabilities 105 116
Common Units [Member]    
Equity:    
Total equity 999 942
Class C Units [Member]    
Equity:    
Total equity $ 0 $ 0
v3.23.2
Consolidated Balance Sheets (Parenthetical)
Jun. 30, 2023
shares
Common Units [Member]  
Equity:  
Limited Partners' Capital Account, Units Outstanding 84,061,008
Class C Units [Member]  
Equity:  
Limited Partners' Capital Account, Units Issued 16,410,780
v3.23.2
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES:        
Revenues $ 5,745 $ 7,815 $ 11,107 $ 13,217
COST OF SALES AND OPERATING EXPENSES:        
Cost of sales 5,431 7,470 10,418 12,442
General and administrative 33 30 62 57
Other operating 87 83 169 164
Lease expense 17 15 33 31
Gain on disposal of assets (13) (5) (12) (5)
Depreciation, amortization and accretion 49 49 97 96
Total cost of sales and operating expenses 5,604 7,642 10,767 12,785
OPERATING INCOME 141 173 340 432
Interest expense, net (53) (45) (106) (86)
Equity in earnings of unconsolidated affiliates 1 1 3 2
INCOME BEFORE INCOME TAXES 96 129 244 348
Income tax expense 9 8 16 11
NET INCOME AND COMPREHENSIVE INCOME $ 87 $ 121 $ 228 $ 337
Net income (loss) per common unit:        
Basic $ 0.79 $ 1.22 $ 2.21 $ 3.56
Diluted 0.78 1.20 2.19 3.52
WEIGHTED AVERAGE COMMON UNITS OUTSTANDING:        
Cash distributions per unit $ 0.842 $ 0.8255 $ 1.684 $ 1.6510
Other income, net $ 7 $ 0 $ 7 $ 0
Common Units [Member]        
WEIGHTED AVERAGE COMMON UNITS OUTSTANDING:        
Basic 84,060,866 83,737,613 84,059,797 83,710,409
Diluted 85,034,268 84,767,972 84,998,777 84,749,895
Motor Fuel Sales [Member]        
REVENUES:        
Revenues $ 5,607 $ 7,678 $ 10,846 $ 12,955
Non Motor Fuel Sales [Member]        
REVENUES:        
Revenues 100 102 186 192
Lease Income [Member]        
REVENUES:        
Revenues $ 38 $ 35 $ 75 $ 70
v3.23.2
Consolidated Statement of Equity
$ in Millions
USD ($)
Beginning balance at Dec. 31, 2021 $ 811
Cash distributions to unitholders (88)
Unit-based compensation 5
Partnership net income (loss) 216
Ending balance at Mar. 31, 2022 944
Beginning balance at Dec. 31, 2021 811
Partnership net income (loss) 337
Ending balance at Jun. 30, 2022 980
Beginning balance at Mar. 31, 2022 944
Cash distributions to unitholders (88)
Unit-based compensation 3
Partnership net income (loss) 121
Ending balance at Jun. 30, 2022 980
Beginning balance at Dec. 31, 2022 942
Cash distributions to unitholders (88)
Unit-based compensation 5
Partnership net income (loss) 141
Ending balance at Mar. 31, 2023 1,000
Beginning balance at Dec. 31, 2022 942
Partnership net income (loss) 228
Ending balance at Jun. 30, 2023 999
Beginning balance at Mar. 31, 2023 1,000
Cash distributions to unitholders (92)
Unit-based compensation 4
Partnership net income (loss) 87
Ending balance at Jun. 30, 2023 $ 999
v3.23.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
OPERATING ACTIVITIES:    
Net income and comprehensive income $ 228 $ 337
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 97 96
Amortization of deferred financing fees 4 2
Gain on disposal of assets (12) (5)
Non-cash unit-based compensation expense 9 8
Deferred income tax (5) (42)
Inventory valuation adjustment 28 (121)
Equity in earnings of unconsolidated affiliates (3) (2)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 347 (341)
Receivables from affiliates 4 (1)
Inventories, net (138) 6
Other assets 14 (217)
Accounts payable (156) 414
Accounts payable to affiliates (40) 112
Accrued expenses and other current liabilities 33 8
Other non-current liabilities (3) (1)
Net cash provided by operating activities 417 337
INVESTING ACTIVITIES:    
Capital expenditures (87) (55)
Cash paid for acquisitions (111) (264)
Distributions from unconsolidated affiliates in excess of cumulative earnings 5 3
Proceeds from disposal of property and equipment 21 11
Cash Acquired from Acquisition 2 0
Net cash used in investing activities (170) (305)
FINANCING ACTIVITIES:    
Payments on long-term debt 0 (1)
Credit Facility borrowings 1,555 2,335
Credit Facility repayments (1,465) (2,047)
Distributions to unitholders (180) (176)
Net cash provided by (used in) financing activities (90) 111
Net increase in cash and cash equivalents 157 143
Cash and cash equivalents, beginning of period 82 25
Cash and cash equivalents, end of period 239 168
Supplemental disclosure of non-cash investing activities:    
Change in note payable to affiliate $ 0 $ (6)
v3.23.2
Organization and Principles of Consolidation
6 Months Ended
Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Principles of Consolidation Organization and Principles of Consolidation
As used in this document, the terms “Partnership,” “we,” “us,” and “our” should be understood to refer to Sunoco LP and our consolidated subsidiaries, unless the context clearly indicates otherwise.
We are a Delaware master limited partnership. We are managed by our general partner, Sunoco GP LLC (our “General Partner”), which is owned by Energy Transfer LP (“Energy Transfer”). As of June 30, 2023, Energy Transfer owned 100% of the limited liability company interests in our General Partner, 28,463,967 of our common units, which constitutes a 28.3% limited partner interest in us, and all of our incentive distribution rights (“IDRs”).
The consolidated financial statements include Sunoco LP, a publicly traded Delaware limited partnership, and its wholly‑owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation.
Certain items have been reclassified for presentation purposes to conform to the accounting policies of the consolidated entity. These reclassifications had no material impact on operating income, net income and comprehensive income, the consolidated balance sheets or consolidated statements of cash flows.
v3.23.2
Summary of Significant Accounting Policies
6 Months Ended
Jun. 30, 2023
Accounting Policies [Abstract]  
Significant Accounting Policies [Text Block] Summary of Significant Accounting Policies
Interim Financial Statements
The accompanying interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). Pursuant to Regulation S-X, certain information and disclosures normally included in the annual consolidated financial statements have been condensed or omitted. The interim consolidated financial statements and notes included herein should be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2022 filed with the Securities and Exchange Commission (“SEC”) on February 17, 2023.
Significant Accounting Policies
As of June 30, 2023, there have been no changes in the Partnership's significant accounting policies from those described in the Annual Report on Form 10-K for the year ended December 31, 2022 filed with the SEC on February 17, 2023.
Motor Fuel and Sales Taxes
Certain motor fuel and sales taxes are collected from customers and remitted to governmental agencies either directly by the Partnership or through suppliers. The Partnership’s accounting policy for wholesale direct sales to dealers, distributors and commercial customers is to exclude the collected motor fuel tax from sales and cost of sales.
For retail locations where the Partnership holds inventory, including commission agent locations, motor fuel sales and motor fuel cost of sales include motor fuel taxes. Such amounts were $71 million and $72 million for the three months ended June 30, 2023 and 2022, respectively, and $136 million and $143 million for the six months ended June 30, 2023 and 2022, respectively. Merchandise sales and cost of merchandise sales are reported net of sales tax in the consolidated statements of operations and comprehensive income.
v3.23.2
Business Combinations and Asset Acquisitions
6 Months Ended
Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
Business Combination Disclosure AcquisitionOn May 1, 2023, the Partnership completed the acquisition of 16 refined product terminals located across the East Coast and Midwest from Zenith Energy for $111 million, including working capital. The purchase price was primarily allocated to property and equipment.
v3.23.2
Accounts Receivable, net
6 Months Ended
Jun. 30, 2023
Accounts Receivable, after Allowance for Credit Loss [Abstract]  
Accounts Receivable, net Accounts Receivable, net
Accounts receivable, net, consisted of the following:
June 30,
2023
December 31,
2022
Accounts receivable, trade$431 $755 
Credit card receivables46 81 
Other receivables67 56 
Allowance for expected credit losses(1)(2)
Accounts receivable, net$543 $890 
v3.23.2
Inventories, net
6 Months Ended
Jun. 30, 2023
Inventory Disclosure [Abstract]  
Inventories, net Inventories, net 
Fuel inventories are stated at the lower of cost or market using the last-in-first-out (“LIFO”) method. As of June 30, 2023 and December 31, 2022, the Partnership’s fuel inventory balance included lower of cost or market reserves of $144 million and $116 million, respectively. For the three and six months ended June 30, 2023 and 2022, the Partnership’s consolidated statements of operations and comprehensive income did not include any material amounts of income from the liquidation of LIFO fuel inventory. For the three months ended June 30, 2023 and 2022, the Partnership's cost of sales included unfavorable inventory adjustments of $57 million and favorable inventory adjustments of $1 million, respectively. For the six months ended June 30, 2023 and 2022, the Partnership's cost of sales included unfavorable inventory adjustments of $28 million and favorable inventory adjustments of $121 million, respectively.
Inventories, net, consisted of the following:
June 30,
2023
December 31,
2022
Fuel$919 $809 
Other12 12 
Inventories, net$931 $821 
v3.23.2
Accrued Expenses and Other Current Liabilities
6 Months Ended
Jun. 30, 2023
Accrued Expenses And Other Current Liabilities [Abstract]  
Accrued Expenses and Other Current Liabilities Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following:
June 30,
2023
December 31,
2022
Wage and other employee-related accrued expenses$18 $35 
Accrued tax expense201 164 
Accrued insurance30 32 
Accrued interest expense31 31 
Dealer deposits22 21 
Accrued environmental expense
Other35 21 
Total$343 $310 
v3.23.2
Long-Term Debt
6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Long-Term Debt Long-Term Debt 
Long-term debt consisted of the following:
June 30,
2023
December 31,
2022
Credit Facility$990 $900 
6.000% Senior Notes due 2027
600 600 
5.875% Senior Notes due 2028
400 400 
4.500% Senior Notes due 2029
800 800 
4.500% Senior Notes due 2030
800 800 
Lease-related financing obligations94 94 
Total debt3,684 3,594 
Less: debt issuance costs21 23 
Long-term debt, net$3,663 $3,571 
Credit Facility
As of June 30, 2023, the balance on our revolving credit facility (the "Credit Facility") was $990 million, and $7 million standby letters of credit were outstanding. The unused availability on the Credit Facility at June 30, 2023 was $503 million. The weighted average interest rate on the total amount outstanding at June 30, 2023 was 7.00%. The Partnership was in compliance with all financial covenants at June 30, 2023.
Fair Value of Debt
The fair value of debt as of June 30, 2023 was approximately $3.5 billion. The estimated fair value of debt is a Level 2 valuation using current interest rates for similar securities.
v3.23.2
Other Noncurrent Liabilities (Notes)
6 Months Ended
Jun. 30, 2023
Other Liabilities Disclosure [Abstract]  
Other Liabilities Disclosure [Text Block] Other Non-Current Liabilities
Other non-current liabilities consisted of the following:
June 30,
2023
December 31,
2022
Asset retirement obligations$82 $81 
Accrued environmental expense, long-term12 12 
Other19 18 
Total$113 $111 
v3.23.2
Related-Party Transactions
6 Months Ended
Jun. 30, 2023
Related Party Transactions [Abstract]  
Related-Party Transactions Related Party Transactions
We are party to fee-based commercial agreements with various affiliates of Energy Transfer for pipeline, terminalling and storage services. We also have agreements with subsidiaries of Energy Transfer for the purchase and sale of fuel.
Our investment in the J.C. Nolan joint venture was $127 million and $129 million as of June 30, 2023 and December 31, 2022, respectively. In addition, we recorded income on the unconsolidated joint venture of $1 million and $1 million for the three months ended June 30, 2023 and 2022, respectively, and $3 million and $2 million for the six months ended June 30, 2023 and 2022, respectively.
Summary of Transactions
Related party transactions for the three months ended June 30, 2023 and 2022 were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Motor fuel sales to affiliates$15 $23 $28 $28 
Bulk fuel purchases from affiliates471 703 882 1,243 
Significant affiliate balances included on the consolidated balance sheets were as follows:
Advances from affiliates were $105 million and $116 million as of June 30, 2023 and December 31, 2022, respectively, which were related to treasury services agreements with Energy Transfer.
Accounts receivable from affiliates were $11 million and $15 million as of June 30, 2023 and December 31, 2022, respectively, which were primarily related to motor fuel sales to affiliates.
Accounts payable to affiliates were $69 million and $109 million as of June 30, 2023 and December 31, 2022, respectively, which were attributable to operational expenses and bulk fuel purchases.
v3.23.2
Revenue (Notes)
6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] Revenue
Disaggregation of Revenue
We operate our business in two primary segments: Fuel Distribution and Marketing and All Other. We disaggregate revenue within the segments by channels.
The following table depicts the disaggregation of revenue by channel within each segment:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Fuel Distribution and Marketing Segment
Distributor $2,464 $3,346 $4,767 $5,753 
Dealer1,038 1,427 1,957 2,481 
Unbranded wholesale1,587 2,193 3,127 3,456 
Commission agent362 515 703 918 
Non-motor fuel sales35 41 64 82 
Lease income35 32 69 64 
Total5,521 7,554 10,687 12,754 
All Other Segment
Motor fuel
156 197 292 347 
Non-motor fuel sales65 61 122 110 
Lease income
Total224 261 420 463 
Total revenue$5,745 $7,815 $11,107 $13,217 
Contract Balances with Customers
The balances of the Partnership’s contract assets and contract liabilities as of June 30, 2023 and December 31, 2022 were as follows:
June 30, 2023December 31, 2022
Contract balances
Contract assets$239 $200 
Accounts receivable from contracts with customers476 834 
Contract liabilities— — 
Costs to Obtain or Fulfill a Contract
The Partnership recognized amortization on capitalized costs incurred to obtain contracts of $7 million and $3 million for the three months ended June 30, 2023 and 2022, respectively, and $13 million and $10 million for the six months ended June 30, 2023 and 2022, respectively.
v3.23.2
Commitments And Contingencies
6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Litigation
From time to time, the Partnership is involved in various legal proceedings and claims arising out of our operations in the normal course of business. Such proceedings are subject to the uncertainties inherent in any litigation, and we regularly assess the need for accounting recognition or disclosure of any related contingencies. We maintain liability insurance with insurers with coverage and deductibles management believes are reasonable and prudent; however, there can be no assurance that the levels of insurance protection currently in effect will continue to be available at reasonable prices or that such levels will be adequate to protect us from material expenses related to product liability, personal injury or property damage in the future. Based on currently available information, we believe it is unlikely that the outcome of known matters would have a material adverse impact on our financial condition, results of operations or cash flows.
Lessee Accounting
The details of the Partnership's operating and finance lease liabilities were as follows:
June 30,
Lease term and discount rate20232022
Weighted average remaining lease term (years)
Operating leases2223
Finance leases2728
Weighted average discount rate (%)
Operating leases%%
Finance leases%%
Six Months Ended June 30,
Other information20232022
Cash paid for amount included in the measurement of lease liabilities
Operating cash flows from operating leases$(23)$(24)
Operating cash flows from finance leases(2)— 
Financing cash flows from finance leases— — 
Leased assets obtained in exchange for new finance lease liabilities— — 
Leased assets obtained in exchange for new operating lease liabilities11 
Maturity of lease liabilities (as of June 30, 2023)
Operating leasesFinance leasesTotal
2023 (remainder)$27 $— $27 
202448 — 48 
202548 — 48 
202647 — 47 
202746 — 46 
Thereafter764 15 779 
Total lease payment980 15 995 
Less: interest431 437 
Present value of lease liabilities$549 $$558 
v3.23.2
Income Tax Expense
6 Months Ended
Jun. 30, 2023
Income Tax Disclosure [Abstract]  
Income Tax Expense Income Tax Expense
As a partnership, we are generally not subject to federal income tax and most state income taxes. However, the Partnership conducts certain activities through corporate subsidiaries which are subject to federal and state income taxes.
Our effective tax rate differs from the statutory rate primarily due to Partnership earnings that are not subject to U.S. federal and most state income taxes at the Partnership level. A reconciliation of income tax expense from continuing operations at the U.S. federal statutory rate of 21% to net income tax expense is as follows:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Income tax expense at statutory federal rate$20 $27 $51 $73 
Partnership earnings not subject to tax(13)(22)(39)(66)
State and local tax, net of federal benefit
Other— — 
Net income tax expense$$$16 $11 
v3.23.2
Partners' Capital
6 Months Ended
Jun. 30, 2023
Partners' Capital [Abstract]  
Partners' Capital As of June 30, 2023, Energy Transfer and its subsidiaries owned 28,463,967 of our common units and the public owned 55,597,041 of our common units. As of June 30, 2023, our wholly-owned consolidated subsidiaries owned all of the 16,410,780 Class C units representing limited partner interests in the Partnership.
Common Units
The change in our outstanding common units for the six months ended June 30, 2023 was as follows: 
Number of Units
Number of common units at December 31, 2022
84,054,765 
Phantom units vested6,243 
Number of common units at June 30, 2023
84,061,008 
Cash Distributions
Our Partnership Agreement sets forth the calculation used to determine the amount and priority of cash distributions that the common unitholders receive.
Cash distributions paid or declared during 2023 were as follows:
Limited Partners
Payment DatePer Unit DistributionTotal Cash DistributionDistribution to IDR Holders
August 21, 2023$0.8420 $71 $19 
May 22, 20230.8420 71 19 
February 21, 20230.8255 70 18 
v3.23.2
Segment Reporting
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block] Segment Reporting
We report Adjusted EBITDA by segment as a measure of segment performance. We define Adjusted EBITDA as earnings before net interest expense, income tax expense and depreciation, amortization and accretion expense, non-cash unit-based compensation expense, gains and losses on disposal of assets and non-cash impairment charges, unrealized gains and losses on commodity derivatives, inventory adjustments, and certain other operating expenses reflected in net income that we do not believe are indicative of ongoing core operations. Inventory adjustments that are excluded from the calculation of Adjusted EBITDA represent changes in lower of cost or market reserves on the Partnership's inventory. These amounts are unrealized valuation adjustments applied to fuel volumes remaining in inventory at the end of the period.
The following table presents financial information by segment for the three and six months ended June 30, 2023 and 2022: 
Three Months Ended June 30,
20232022
Fuel Distribution and MarketingAll OtherIntercompany EliminationsTotalsFuel Distribution and MarketingAll OtherIntercompany EliminationsTotals
Revenue
Motor fuel sales$5,451 $156 $5,607 $7,481 $197 $7,678 
Non-motor fuel sales35 65 100 41 61 102 
Lease income35 38 32 35 
Intersegment sales113 — (113)— 161 — (161)— 
Total revenue$5,634 $224 $(113)$5,745 $7,715 $261 $(161)$7,815 
Net income and comprehensive income$87 $121 
Depreciation, amortization and accretion49 49 
Interest expense, net53 45 
Income tax expense
Non-cash unit-based compensation expense
Gain on disposal of assets (13)(5)
Unrealized (gain) loss on commodity derivatives(11)
Inventory adjustments57 (1)
Equity in earnings of unconsolidated affiliates(1)(1)
Adjusted EBITDA related to unconsolidated affiliates
Other non-cash adjustments
Adjusted EBITDA$222 $28 $250 $200 $14 $214 
Capital expenditures$32 $18 $50 $23 $$29 
Total assets as of June 30, 2023 and
December 31, 2022, respectively
$5,321 $1,461 $6,782 $5,727 $1,103 $6,830 
Six Months Ended June 30,
20232022
Fuel Distribution and MarketingAll OtherIntercompany EliminationsTotalsFuel Distribution and MarketingAll OtherIntercompany EliminationsTotals
(in millions)
Revenue
Motor fuel sales$10,554 $292 $10,846 $12,608 $347 $12,955 
Non motor fuel sales64 122 186 82 110 192 
Lease income69 75 64 70 
Intersegment sales211 — (211)— 277 — (277)— 
Total revenue$10,898 $420 $(211)$11,107 $13,031 $463 $(277)$13,217 
Net income (loss) and
comprehensive income (loss)
$228 $337 
Depreciation, amortization and accretion97 96 
Interest expense, net106 86 
Income tax expense16 11 
Non-cash unit-based compensation expense
Gain on disposal of assets(12)(5)
Unrealized gain on commodity derivatives(10)(20)
Inventory adjustments28 (121)
Equity in earnings of unconsolidated affiliate(3)(2)
Adjusted EBITDA related to unconsolidated affiliate
Other non-cash adjustments10 
Adjusted EBITDA$417 $54 $471 $374 $31 $405 
Capital expenditures$56 $31 $87 $46 $$55 
Total assets as of June 30, 2023 and
December 31, 2022, respectively
$5,321 $1,461 $6,782 $5,727 $1,103 $6,830 
v3.23.2
Net Income per Unit
6 Months Ended
Jun. 30, 2023
Net Income Per Unit [Abstract]  
Net Income per Unit Net Income per Common UnitA reconciliation of the numerators and denominators of the basic and diluted net income per common unit computations is as follows:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Net income and comprehensive income$87 $121 $228 $337 
Less:
Incentive distribution rights
20 18 39 36 
Distributions on non-vested phantom unit awards
Common unitholders interest in net income
$66 $102 $186 $298 
Weighted average common units outstanding:
Basic
84,060,866 83,737,613 84,059,797 83,710,409 
Dilutive effect of non-vested phantom unit awards
973,402 1,030,359 938,980 1,039,486 
Diluted
85,034,268 84,767,972 84,998,777 84,749,895 
Net income per common unit:
Basic
$0.79 $1.22 $2.21 $3.56 
Diluted
$0.78 $1.20 $2.19 $3.52 
v3.23.2
Pay vs Performance Disclosure - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Pay vs Performance Disclosure            
Net Income (Loss) Attributable to Parent $ 87 $ 141 $ 121 $ 216 $ 228 $ 337
v3.23.2
Insider Trading Arrangements
6 Months Ended
Jun. 30, 2023
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.23.2
Organization and Principles of Consolidation Organization and Principles of Consolidation (Policies)
6 Months Ended
Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation and Significant Accounting Policies [Text Block] Certain items have been reclassified for presentation purposes to conform to the accounting policies of the consolidated entity. These reclassifications had no material impact on operating income, net income and comprehensive income, the consolidated balance sheets or consolidated statements of cash flows.
v3.23.2
Summary of Significant Accounting Policies (Policies)
6 Months Ended
Jun. 30, 2023
Accounting Policies [Abstract]  
Basis of Accounting, Policy [Policy Text Block]
Interim Financial Statements
The accompanying interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). Pursuant to Regulation S-X, certain information and disclosures normally included in the annual consolidated financial statements have been condensed or omitted. The interim consolidated financial statements and notes included herein should be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2022 filed with the Securities and Exchange Commission (“SEC”) on February 17, 2023.
Recently Issued Accounting Pronouncements Significant Accounting PoliciesAs of June 30, 2023, there have been no changes in the Partnership's significant accounting policies from those described in the Annual Report on Form 10-K for the year ended December 31, 2022 filed with the SEC on February 17, 2023.
Motor Fuel and Sales Taxes
Motor Fuel and Sales Taxes
Certain motor fuel and sales taxes are collected from customers and remitted to governmental agencies either directly by the Partnership or through suppliers. The Partnership’s accounting policy for wholesale direct sales to dealers, distributors and commercial customers is to exclude the collected motor fuel tax from sales and cost of sales.
For retail locations where the Partnership holds inventory, including commission agent locations, motor fuel sales and motor fuel cost of sales include motor fuel taxes. Such amounts were $71 million and $72 million for the three months ended June 30, 2023 and 2022, respectively, and $136 million and $143 million for the six months ended June 30, 2023 and 2022, respectively. Merchandise sales and cost of merchandise sales are reported net of sales tax in the consolidated statements of operations and comprehensive income.
v3.23.2
Inventory (Policies)
6 Months Ended
Jun. 30, 2023
Inventory Disclosure [Abstract]  
Inventory, Policy Fuel inventories are stated at the lower of cost or market using the last-in-first-out (“LIFO”) method. As of June 30, 2023 and December 31, 2022, the Partnership’s fuel inventory balance included lower of cost or market reserves of $144 million and $116 million, respectively. For the three and six months ended June 30, 2023 and 2022, the Partnership’s consolidated statements of operations and comprehensive income did not include any material amounts of income from the liquidation of LIFO fuel inventory. For the three months ended June 30, 2023 and 2022, the Partnership's cost of sales included unfavorable inventory adjustments of $57 million and favorable inventory adjustments of $1 million, respectively. For the six months ended June 30, 2023 and 2022, the Partnership's cost of sales included unfavorable inventory adjustments of $28 million and favorable inventory adjustments of $121 million, respectively.
v3.23.2
Revenue from Contract with Customer (Policies)
6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenue Contract Balances with Customers
Costs to Obtain or Fulfill a Contract
The Partnership recognized amortization on capitalized costs incurred to obtain contracts of $7 million and $3 million for the three months ended June 30, 2023 and 2022, respectively, and $13 million and $10 million for the six months ended June 30, 2023 and 2022, respectively.
v3.23.2
Accounts Receivable, net (Tables)
6 Months Ended
Jun. 30, 2023
Accounts Receivable, after Allowance for Credit Loss [Abstract]  
Schedule of Accounts Receivable
Accounts receivable, net, consisted of the following:
June 30,
2023
December 31,
2022
Accounts receivable, trade$431 $755 
Credit card receivables46 81 
Other receivables67 56 
Allowance for expected credit losses(1)(2)
Accounts receivable, net$543 $890 
v3.23.2
Inventories, net (Tables)
6 Months Ended
Jun. 30, 2023
Inventory Disclosure [Abstract]  
Schedule of Inventories
Inventories, net, consisted of the following:
June 30,
2023
December 31,
2022
Fuel$919 $809 
Other12 12 
Inventories, net$931 $821 
v3.23.2
Accrued Expenses and Other Current Liabilities (Tables)
6 Months Ended
Jun. 30, 2023
Accrued Expenses And Other Current Liabilities [Abstract]  
Schedule of Accrued Liabilities
Accrued expenses and other current liabilities consisted of the following:
June 30,
2023
December 31,
2022
Wage and other employee-related accrued expenses$18 $35 
Accrued tax expense201 164 
Accrued insurance30 32 
Accrued interest expense31 31 
Dealer deposits22 21 
Accrued environmental expense
Other35 21 
Total$343 $310 
v3.23.2
Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt consisted of the following:
June 30,
2023
December 31,
2022
Credit Facility$990 $900 
6.000% Senior Notes due 2027
600 600 
5.875% Senior Notes due 2028
400 400 
4.500% Senior Notes due 2029
800 800 
4.500% Senior Notes due 2030
800 800 
Lease-related financing obligations94 94 
Total debt3,684 3,594 
Less: debt issuance costs21 23 
Long-term debt, net$3,663 $3,571 
v3.23.2
Other Noncurrent Liabilities (Tables)
6 Months Ended
Jun. 30, 2023
Other Liabilities Disclosure [Abstract]  
Other Noncurrent Liabilities [Table Text Block]
June 30,
2023
December 31,
2022
Asset retirement obligations$82 $81 
Accrued environmental expense, long-term12 12 
Other19 18 
Total$113 $111 
v3.23.2
Related-Party Transactions (Tables)
6 Months Ended
Jun. 30, 2023
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions [Table Text Block]
Related party transactions for the three months ended June 30, 2023 and 2022 were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Motor fuel sales to affiliates$15 $23 $28 $28 
Bulk fuel purchases from affiliates471 703 882 1,243 
v3.23.2
Revenue (Tables)
6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block]
The following table depicts the disaggregation of revenue by channel within each segment:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Fuel Distribution and Marketing Segment
Distributor $2,464 $3,346 $4,767 $5,753 
Dealer1,038 1,427 1,957 2,481 
Unbranded wholesale1,587 2,193 3,127 3,456 
Commission agent362 515 703 918 
Non-motor fuel sales35 41 64 82 
Lease income35 32 69 64 
Total5,521 7,554 10,687 12,754 
All Other Segment
Motor fuel
156 197 292 347 
Non-motor fuel sales65 61 122 110 
Lease income
Total224 261 420 463 
Total revenue$5,745 $7,815 $11,107 $13,217 
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]
The balances of the Partnership’s contract assets and contract liabilities as of June 30, 2023 and December 31, 2022 were as follows:
June 30, 2023December 31, 2022
Contract balances
Contract assets$239 $200 
Accounts receivable from contracts with customers476 834 
Contract liabilities— — 
v3.23.2
Commitments And Contingencies (Tables)
6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Lease, Cost [Table Text Block]
The details of the Partnership's operating and finance lease liabilities were as follows:
June 30,
Lease term and discount rate20232022
Weighted average remaining lease term (years)
Operating leases2223
Finance leases2728
Weighted average discount rate (%)
Operating leases%%
Finance leases%%
Six Months Ended June 30,
Other information20232022
Cash paid for amount included in the measurement of lease liabilities
Operating cash flows from operating leases$(23)$(24)
Operating cash flows from finance leases(2)— 
Financing cash flows from finance leases— — 
Leased assets obtained in exchange for new finance lease liabilities— — 
Leased assets obtained in exchange for new operating lease liabilities11 
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
Maturity of lease liabilities (as of June 30, 2023)
Operating leasesFinance leasesTotal
2023 (remainder)$27 $— $27 
202448 — 48 
202548 — 48 
202647 — 47 
202746 — 46 
Thereafter764 15 779 
Total lease payment980 15 995 
Less: interest431 437 
Present value of lease liabilities$549 $$558 
v3.23.2
Income Tax Expense (Tables)
6 Months Ended
Jun. 30, 2023
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation A reconciliation of income tax expense from continuing operations at the U.S. federal statutory rate of 21% to net income tax expense is as follows:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Income tax expense at statutory federal rate$20 $27 $51 $73 
Partnership earnings not subject to tax(13)(22)(39)(66)
State and local tax, net of federal benefit
Other— — 
Net income tax expense$$$16 $11 
v3.23.2
Partners' Capital (Tables)
6 Months Ended
Jun. 30, 2023
Partners' Capital [Abstract]  
Schedule of Common Units
The change in our outstanding common units for the six months ended June 30, 2023 was as follows: 
Number of Units
Number of common units at December 31, 2022
84,054,765 
Phantom units vested6,243 
Number of common units at June 30, 2023
84,061,008 
Distributions Made to Limited Partner, by Distribution
Cash distributions paid or declared during 2023 were as follows:
Limited Partners
Payment DatePer Unit DistributionTotal Cash DistributionDistribution to IDR Holders
August 21, 2023$0.8420 $71 $19 
May 22, 20230.8420 71 19 
February 21, 20230.8255 70 18 
v3.23.2
Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Three Months Ended June 30,
20232022
Fuel Distribution and MarketingAll OtherIntercompany EliminationsTotalsFuel Distribution and MarketingAll OtherIntercompany EliminationsTotals
Revenue
Motor fuel sales$5,451 $156 $5,607 $7,481 $197 $7,678 
Non-motor fuel sales35 65 100 41 61 102 
Lease income35 38 32 35 
Intersegment sales113 — (113)— 161 — (161)— 
Total revenue$5,634 $224 $(113)$5,745 $7,715 $261 $(161)$7,815 
Net income and comprehensive income$87 $121 
Depreciation, amortization and accretion49 49 
Interest expense, net53 45 
Income tax expense
Non-cash unit-based compensation expense
Gain on disposal of assets (13)(5)
Unrealized (gain) loss on commodity derivatives(11)
Inventory adjustments57 (1)
Equity in earnings of unconsolidated affiliates(1)(1)
Adjusted EBITDA related to unconsolidated affiliates
Other non-cash adjustments
Adjusted EBITDA$222 $28 $250 $200 $14 $214 
Capital expenditures$32 $18 $50 $23 $$29 
Total assets as of June 30, 2023 and
December 31, 2022, respectively
$5,321 $1,461 $6,782 $5,727 $1,103 $6,830 
Six Months Ended June 30,
20232022
Fuel Distribution and MarketingAll OtherIntercompany EliminationsTotalsFuel Distribution and MarketingAll OtherIntercompany EliminationsTotals
(in millions)
Revenue
Motor fuel sales$10,554 $292 $10,846 $12,608 $347 $12,955 
Non motor fuel sales64 122 186 82 110 192 
Lease income69 75 64 70 
Intersegment sales211 — (211)— 277 — (277)— 
Total revenue$10,898 $420 $(211)$11,107 $13,031 $463 $(277)$13,217 
Net income (loss) and
comprehensive income (loss)
$228 $337 
Depreciation, amortization and accretion97 96 
Interest expense, net106 86 
Income tax expense16 11 
Non-cash unit-based compensation expense
Gain on disposal of assets(12)(5)
Unrealized gain on commodity derivatives(10)(20)
Inventory adjustments28 (121)
Equity in earnings of unconsolidated affiliate(3)(2)
Adjusted EBITDA related to unconsolidated affiliate
Other non-cash adjustments10 
Adjusted EBITDA$417 $54 $471 $374 $31 $405 
Capital expenditures$56 $31 $87 $46 $$55 
Total assets as of June 30, 2023 and
December 31, 2022, respectively
$5,321 $1,461 $6,782 $5,727 $1,103 $6,830 
v3.23.2
Net Income per Unit (Tables)
6 Months Ended
Jun. 30, 2023
Net Income Per Unit [Abstract]  
Schedule of Net Income per Unit, Basic and Diluted A reconciliation of the numerators and denominators of the basic and diluted net income per common unit computations is as follows:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Net income and comprehensive income$87 $121 $228 $337 
Less:
Incentive distribution rights
20 18 39 36 
Distributions on non-vested phantom unit awards
Common unitholders interest in net income
$66 $102 $186 $298 
Weighted average common units outstanding:
Basic
84,060,866 83,737,613 84,059,797 83,710,409 
Dilutive effect of non-vested phantom unit awards
973,402 1,030,359 938,980 1,039,486 
Diluted
85,034,268 84,767,972 84,998,777 84,749,895 
Net income per common unit:
Basic
$0.79 $1.22 $2.21 $3.56 
Diluted
$0.78 $1.20 $2.19 $3.52 
v3.23.2
Organization and Principles of Consolidation - Additional Information (Details)
3 Months Ended
Jun. 30, 2023
Energy Transfer Operating, L.P. [Member]  
Organization Consolidation And Presentation Of Financial Statements [Line Items]  
Percentage of Common Units Owned 28.30%
v3.23.2
Summary of Significant Accounting Policies - Additional Information (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Accounting Policies [Abstract]        
Motor fuel and sales taxes $ 71 $ 72 $ 136 $ 143
v3.23.2
Business Combinations and Asset Acquisitions (Details)
May 01, 2023
site
Zenith Energy | Refineries  
Asset Acquisition [Line Items]  
Number of Units in Real Estate Property 16
v3.23.2
Accounts Receivable, net (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Allowance for expected credit losses $ (1) $ (2)
Accounts receivable, net 543 890
Trade Accounts Receivable [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, gross, current 431 755
Credit Card Receivable [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, gross, current 46 81
Other Receivables [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, gross, current $ 67 $ 56
v3.23.2
Inventories, net - Additional Information (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Inventory Disclosure [Abstract]          
Inventory Write-down $ (57) $ (1) $ (28) $ (121)  
Inventory Adjustments $ 144   $ 144   $ 116
v3.23.2
Inventories, net (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Inventory Disclosure [Abstract]    
Fuel $ 919 $ 809
Other 12 12
Inventories, net $ 931 $ 821
v3.23.2
Accrued Expenses and Other Current Liabilities (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Accrued Expenses And Other Current Liabilities [Abstract]    
Wage and other employee-related accrued expenses $ 18 $ 35
Accrued tax expense 201 164
Accrued insurance 30 32
Accrued interest expense 31 31
Dealer deposits 22 21
Accrued environmental expense 6 6
Other 35 21
Total $ 343 $ 310
v3.23.2
Long-Term Debt (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Debt Instrument [Line Items]    
Credit Facility $ 990 $ 900
Lease-related financing obligations 94 94
Total debt 3,684 3,594
Less: debt issuance costs 21 23
Long-term debt, net $ 3,663 3,571
6.00% Senior Notes due 2027    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 6.00%  
Senior Notes $ 600 600
5.875% Senior Notes due 2028    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 5.875%  
Senior Notes $ 400 400
4.5% Senior Notes due 2029    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 4.50%  
Senior Notes $ 800 800
4.5% Senior Notes due 2030    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 4.50%  
Senior Notes $ 800 $ 800
v3.23.2
Long-Term Debt (Revolving Credit Agreement) (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Debt Instrument [Line Items]    
Credit Facility $ 990 $ 900
Revolving Credit Agreement [Member] | Two Thousand Eighteen Revolver [Member]    
Debt Instrument [Line Items]    
Credit Facility 990 $ 900
Letters of Credit Outstanding, Amount 7  
Debt Instrument, Unused Borrowing Capacity, Amount $ 503  
Debt, Weighted Average Interest Rate 7.00%  
v3.23.2
Long-Term Debt Fair Value Measurements (Details)
$ in Billions
Jun. 30, 2023
USD ($)
Fair Value Measurements [Abstract]  
Long-term Debt, Fair Value $ 3.5
v3.23.2
Other Noncurrent Liabilities (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Other Liabilities Disclosure [Abstract]    
Reserve for underground storage tank removal $ 82 $ 81
Accrued environmental expense, long-term 12 12
Other 19 18
Other non-current liabilities $ 113 $ 111
v3.23.2
Related-Party Transactions (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Related Party Transaction [Line Items]          
Investment in unconsolidated affiliates $ 127   $ 127   $ 129
Equity in earnings of unconsolidated affiliates 1 $ 1 3 $ 2  
Revenues 5,745 7,815 11,107 13,217  
Accounts payable 783   783   966
Accounts receivable, net 543   543   890
Related Party          
Related Party Transaction [Line Items]          
Accounts payable 69   69   109
Other Liabilities 105   105   116
Accounts receivable, net 11   11   $ 15
Wholesale motor fuel sales to affiliates [Member] | Related Party          
Related Party Transaction [Line Items]          
Revenues 15 23 28 28  
Wholesale Motor Fuel [Member]          
Related Party Transaction [Line Items]          
Related Party Transaction, Purchases from Related Party $ 471 $ 703 $ 882 $ 1,243  
v3.23.2
Revenue (Disaggregation of Revenue) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Disaggregation of Revenue [Line Items]        
Revenues $ 5,745 $ 7,815 $ 11,107 $ 13,217
Motor Fuel Sales [Member]        
Disaggregation of Revenue [Line Items]        
Revenues 5,607 7,678 10,846 12,955
Lease Income [Member]        
Disaggregation of Revenue [Line Items]        
Revenues 38 35 75 70
Fuel Distribution and Marketing [Member]        
Disaggregation of Revenue [Line Items]        
Revenues 5,521 7,554 10,687 12,754
Fuel Distribution and Marketing [Member] | Dealer Revenue [Member]        
Disaggregation of Revenue [Line Items]        
Revenues 1,038 3,346 4,767 5,753
Fuel Distribution and Marketing [Member] | Distributor Revenue [Member]        
Disaggregation of Revenue [Line Items]        
Revenues 2,464 1,427 1,957 2,481
Fuel Distribution and Marketing [Member] | Unbranded Wholesale Revenue [Member]        
Disaggregation of Revenue [Line Items]        
Revenues 1,587 2,193 3,127 3,456
Fuel Distribution and Marketing [Member] | Commission Agent Revenue [Member]        
Disaggregation of Revenue [Line Items]        
Revenues 362 515 703 918
Fuel Distribution and Marketing [Member] | Non Motor Fuel [Member]        
Disaggregation of Revenue [Line Items]        
Revenues 35 41 64 82
Fuel Distribution and Marketing [Member] | Lease Income [Member]        
Disaggregation of Revenue [Line Items]        
Revenues 35 32 69 64
All Other [Member]        
Disaggregation of Revenue [Line Items]        
Revenues 224 261 420 463
All Other [Member] | Motor Fuel Sales [Member]        
Disaggregation of Revenue [Line Items]        
Revenues 156 197 292 347
All Other [Member] | Non Motor Fuel [Member]        
Disaggregation of Revenue [Line Items]        
Revenues 65 61 122 110
All Other [Member] | Lease Income [Member]        
Disaggregation of Revenue [Line Items]        
Revenues $ 3 $ 3 $ 6 $ 6
v3.23.2
Revenue (Contract Balances with Customer) (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Abstract]    
Contract assets $ 239 $ 200
Receivables from Customers 476 834
Contract with Customer, Liability $ 0 $ 0
v3.23.2
Revenue (Costs to Obtain or Fulfill a Contract) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]        
Capitalized Contract Cost, Amortization $ 7 $ 3 $ 13 $ 10
v3.23.2
Commitments And Contingencies (Lessee Disclosures) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2023
Leases [Abstract]    
Finance lease - 2023 (remainder)   $ 0
Finance lease - 2024   0
Finance lease - 2025   0
Finance lease - 2026   0
Finance lease - 2027   0
Finance lease - Thereafter   15
Total lease payment   15
Less: interest   (6)
Present value of lease liabilities - finance leases   9
2023 (remainder)   27
2024   48
2025   48
2026   47
2027   46
Thereafter   779
Total lease payment   995
Less: interest   (437)
Present value of lease liabilities   $ 558
Operating Lease, Weighted Average Remaining Lease Term 23 years 22 years
Finance Lease, Weighted Average Remaining Lease Term 28 years 27 years
Operating cash flows from operating leases $ (24) $ (23)
Operating cash flows from finance leases 0 (2)
Financing cash flows from finance leases 0 0
Leased assets obtained in exchange for new finance lease liabilities 0 0
Leased assets obtained in exchange for new operating lease liabilities $ 11 $ 1
Operating Lease, Weighted Average Discount Rate, Percent 6.00% 5.00%
Finance Lease, Weighted Average Discount Rate, Percent 4.00% 4.00%
Operating lease - 2023 (remainder)   $ 27
Operating lease - 2024   48
Operating lease - 2025   48
Operating lease - 2026   47
Operating lease - 2027   46
Operating lease - Thereafter   764
Total lease payment   980
Less: interest   (431)
Present value of lease liabilities - operating leases   $ 549
v3.23.2
Income Tax Expense (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Tax Disclosure [Abstract]        
Income tax expense at statutory federal rate $ 20 $ 27 $ 51 $ 73
Partnership earnings not subject to tax (13) (22) (39) (66)
State and local tax, net of federal benefit 2 2 4 3
Other 0 1 0 1
Net income tax expense $ 9 $ 8 $ 16 $ 11
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent     21.00%  
v3.23.2
Partners' Capital Narrative (Details) - shares
Jun. 30, 2023
Dec. 31, 2022
Common Units    
Schedule of Partners' Capital [Line Items]    
Limited Partners' Capital Account, Units Outstanding 55,597,041  
Common Units [Member]    
Schedule of Partners' Capital [Line Items]    
Limited Partners' Capital Account, Units Outstanding 84,061,008 84,054,765
Class C Units [Member]    
Schedule of Partners' Capital [Line Items]    
Limited Partners' Capital Account, Units Outstanding   16,410,780
Subsidiaries [Member] | Class C Units [Member]    
Schedule of Partners' Capital [Line Items]    
Limited Partners' Capital Account, Units Outstanding 16,410,780  
Energy Transfer Operating, L.P. [Member] | Common Units [Member]    
Schedule of Partners' Capital [Line Items]    
Limited Partners' Capital Account, Units Outstanding 28,463,967  
v3.23.2
Partners' Capital (Schedule of Common Units) (Details) - Common Units [Member]
6 Months Ended
Jun. 30, 2023
shares
Class of Stock [Line Items]  
Number of common units at December 31, 2022 84,054,765
Phantom units vested 6,243
Number of common units at June 30, 2023 84,061,008
v3.23.2
Partners' Capital (Cash Distributions) (Details) - USD ($)
$ / shares in Units, $ in Millions
6 Months Ended
Aug. 21, 2023
May 22, 2023
Feb. 21, 2023
Jun. 30, 2023
Jun. 30, 2022
Distribution Made To Managing Member Or General Partner [Line Items]          
Per Unit Distribution (in dollars per unit)   $ 0.8420 $ 0.8255    
Total Cash Distribution   $ 71 $ 70 $ 180 $ 176
General Partner          
Distribution Made To Managing Member Or General Partner [Line Items]          
Total Cash Distribution   $ 19 $ 18    
Subsequent Event [Member]          
Distribution Made To Managing Member Or General Partner [Line Items]          
Per Unit Distribution (in dollars per unit) $ 0.8420        
Total Cash Distribution $ 71        
Subsequent Event [Member] | General Partner          
Distribution Made To Managing Member Or General Partner [Line Items]          
Total Cash Distribution $ 19        
v3.23.2
Segment Reporting (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Segment Reporting Information [Line Items]              
Revenues $ 5,745   $ 7,815   $ 11,107 $ 13,217  
Operating income 141   173   340 432  
Interest expense, net 53   45   106 86  
Depreciation, amortization and accretion 49   49   97 96  
Non-cash unit-based compensation expense 4   3   9 8  
Unrealized gain on commodity derivatives (1)   11   10 20  
Inventory adjustments 57   (1)   28 (121)  
Equity in earnings of unconsolidated affiliates (1)   (1)   (3) (2)  
Adjusted EBITDA related to unconsolidated affiliate 3   3   6 5  
Other non-cash adjustments 1   3   6 10  
Income tax expense 9   8   16 11  
Adjusted EBITDA 250   214   471 405  
Capital expenditures 50   29   87 55  
Assets 6,782       6,782   $ 6,830
Gain on disposal of assets (13)   (5)   (12) (5)  
Net Income (Loss) Attributable to Parent 87 $ 141 121 $ 216 228 337  
Fuel Distribution and Marketing [Member]              
Segment Reporting Information [Line Items]              
Revenues 5,521   7,554   10,687 12,754  
All Other [Member]              
Segment Reporting Information [Line Items]              
Revenues 224   261   420 463  
Motor Fuel Sales [Member]              
Segment Reporting Information [Line Items]              
Revenues 5,607   7,678   10,846 12,955  
Motor Fuel Sales [Member] | All Other [Member]              
Segment Reporting Information [Line Items]              
Revenues 156   197   292 347  
Non Motor Fuel Sales [Member]              
Segment Reporting Information [Line Items]              
Revenues 100   102   186 192  
Lease Income [Member]              
Segment Reporting Information [Line Items]              
Revenues 38   35   75 70  
Lease Income [Member] | Fuel Distribution and Marketing [Member]              
Segment Reporting Information [Line Items]              
Revenues 35   32   69 64  
Lease Income [Member] | All Other [Member]              
Segment Reporting Information [Line Items]              
Revenues 3   3   6 6  
Non Motor Fuel [Member] | Fuel Distribution and Marketing [Member]              
Segment Reporting Information [Line Items]              
Revenues 35   41   64 82  
Non Motor Fuel [Member] | All Other [Member]              
Segment Reporting Information [Line Items]              
Revenues 65   61   122 110  
Including Intercompany [Member] | Fuel Distribution and Marketing [Member]              
Segment Reporting Information [Line Items]              
Revenues     7,715     13,031  
Including Intercompany [Member] | All Other [Member]              
Segment Reporting Information [Line Items]              
Revenues     261     463  
Intersegment Eliminations [Member]              
Segment Reporting Information [Line Items]              
Revenues (113)   (161)   (211) (277)  
Intersegment Eliminations [Member] | Intersegment Sales [Member] | Fuel Distribution and Marketing [Member]              
Segment Reporting Information [Line Items]              
Revenues 113   161   211 277  
Intersegment Eliminations [Member] | Intersegment Sales [Member] | All Other [Member]              
Segment Reporting Information [Line Items]              
Revenues 0   0   0 0  
Operating Segments [Member] | Fuel Distribution and Marketing [Member]              
Segment Reporting Information [Line Items]              
Revenues 5,634       10,898    
Adjusted EBITDA 222   200   417 374  
Capital expenditures 32   23   56 46  
Assets 5,321       5,321   5,727
Operating Segments [Member] | All Other [Member]              
Segment Reporting Information [Line Items]              
Revenues 224       420    
Adjusted EBITDA 28   14   54 31  
Capital expenditures 18   6   31 9  
Assets 1,461       1,461   $ 1,103
External Revenue [Member] | Motor Fuel Sales [Member]              
Segment Reporting Information [Line Items]              
Revenues 5,607   7,678   10,846 12,955  
External Revenue [Member] | Motor Fuel Sales [Member] | Fuel Distribution and Marketing [Member]              
Segment Reporting Information [Line Items]              
Revenues 5,451   7,481   10,554 12,608  
External Revenue [Member] | Motor Fuel Sales [Member] | All Other [Member]              
Segment Reporting Information [Line Items]              
Revenues 156   197   292 347  
External Revenue [Member] | Non Motor Fuel Sales [Member] | Fuel Distribution and Marketing [Member]              
Segment Reporting Information [Line Items]              
Revenues 35   41   64 82  
External Revenue [Member] | Non Motor Fuel Sales [Member] | All Other [Member]              
Segment Reporting Information [Line Items]              
Revenues 65   61   122 110  
External Revenue [Member] | Lease Income [Member]              
Segment Reporting Information [Line Items]              
Revenues 38   35   75 70  
External Revenue [Member] | Lease Income [Member] | Fuel Distribution and Marketing [Member]              
Segment Reporting Information [Line Items]              
Revenues 35   32   69 64  
External Revenue [Member] | Lease Income [Member] | All Other [Member]              
Segment Reporting Information [Line Items]              
Revenues 3   3   6 6  
External Revenue [Member] | Non Motor Fuel [Member]              
Segment Reporting Information [Line Items]              
Revenues $ 100   $ 102   $ 186 $ 192  
v3.23.2
Net Income per Unit (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Earnings Per Share Basic [Line Items]            
Net Income (Loss) Attributable to Parent $ 87 $ 141 $ 121 $ 216 $ 228 $ 337
Incentive distribution rights 20   18   39 36
Distributions on non-vested phantom unit awards $ 1   $ 1   $ 3 $ 3
WEIGHTED AVERAGE COMMON UNITS OUTSTANDING:            
Basic $ 0.79   $ 1.22   $ 2.21 $ 3.56
Diluted $ 0.78   $ 1.20   $ 2.19 $ 3.52
Common Units [Member]            
Earnings Per Share Basic [Line Items]            
Common unitholders’ interest in net income $ 66   $ 102   $ 186 $ 298
WEIGHTED AVERAGE COMMON UNITS OUTSTANDING:            
Common - basic (in shares) 84,060,866   83,737,613   84,059,797 83,710,409
Common - equivalents (in shares) 973,402   1,030,359   938,980 1,039,486
Common - diluted (in shares) 85,034,268   84,767,972   84,998,777 84,749,895