SUNOCO LP, 10-Q filed on 5/8/2025
Quarterly Report
v3.25.1
Document And Entity Information - shares
 3 Months Ended
Mar. 31, 2025
May 02, 2025
Document Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2025  
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 2025  
Document Fiscal Period Focus Q1  
Amendment Flag false  
Common Units [Member]    
Document Information [Line Items]    
Entity Partnership Units Outstanding   136,332,192
Common Class C [Member]    
Document Information [Line Items]    
Entity Partnership Units Outstanding   16,410,780
v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 172 $ 94
Accounts receivable, net 1,031 1,162
Inventories, net 1,111 1,068
Other current assets 199 141
Total current assets 2,513 2,465
Property and equipment 8,995 8,914
Accumulated depreciation (1,389) (1,240)
Property and equipment, net 7,606 7,674
Other assets:    
Operating lease right-of-use assets, net 495 477
Goodwill 1,477 1,477
Intangible assets, net 540 547
Other non-current assets 435 400
Investments in unconsolidated affiliates 1,276 1,335
Total assets 14,342 14,375
Current liabilities:    
Accounts payable 1,004 1,255
Accounts Payable, Other, Current 128 199
Accrued expenses and other current liabilities 460 457
Operating lease current liabilities 31 34
Current maturities of long-term debt 2 2
Total current liabilities 1,625 1,947
Operating lease non-current liabilities 500 479
Long-term debt, net 7,671 7,484
Deferred tax liabilities 161 157
Other non-current liabilities 152 158
Total liabilities 10,186 10,307
Commitments and contingencies (Note 12)
Common unitholders 4,159 4,066
Equity:    
Total equity 4,156 4,068
Accumulated other comprehensive income (loss) (3) 2
Total liabilities and equity 14,342 14,375
Related Party    
Current liabilities:    
Advances from affiliates 77 82
Common Units [Member]    
Current liabilities:    
Common unitholders 4,159 4,066
Class C Units [Member]    
Current liabilities:    
Common unitholders $ 0 $ 0
v3.25.1
Consolidated Balance Sheets (Parenthetical)
Mar. 31, 2025
shares
Common Units [Member]  
Equity:  
Limited Partners' Capital Account, Units Outstanding 136,327,654
Class C Units [Member]  
Equity:  
Limited Partners' Capital Account, Units Issued 16,410,780
v3.25.1
Consolidated Statements of Operations - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues [Abstract]    
Revenues $ 5,179 $ 5,499
COSTS AND EXPENSES:    
Cost of sales 4,526 5,015
Operating expenses 39 36
General and administrative 143 88
Lease expense 16 18
Loss on disposal of assets 3 2
Depreciation, amortization and accretion 156 43
Total cost of sales and operating expenses 4,883 5,202
OPERATING INCOME 296 297
Other Income and Expenses [Abstract]    
Interest expense, net (121) (63)
Equity in earnings of unconsolidated affiliates 32 2
Loss on extinguishment of debt (2) 0
Other, net 0 1
INCOME BEFORE INCOME TAXES 205 237
Income tax expense (benefit) (2) 7
NET INCOME $ 207 $ 230
Net income (loss) per common unit:    
Basic $ 1.22 $ 2.29
Diluted 1.21 2.26
Weighted average common units outstanding:    
CASH DISTRIBUTION PER COMMON UNIT $ 0.8976 $ 0.8756
Common Units [Member]    
Weighted average common units outstanding:    
Basic 136,267,512 84,424,748
Diluted 136,936,311 85,259,238
Sales revenue    
Revenues [Abstract]    
Revenues $ 4,851 $ 5,398
Service revenue    
Revenues [Abstract]    
Revenues 299 63
Lease revenue    
Revenues [Abstract]    
Revenues $ 29 $ 38
v3.25.1
Statement of Comprehensive Income (Statement) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Comprehensive Income [Abstract]    
NET INCOME $ 207 $ 230
Other comprehensive income, net of tax    
Foreign currency translation adjustment 1 0
Total other comprehensive income 1 0
Comprehensive income $ 208 $ 230
v3.25.1
Consolidated Statement of Equity - USD ($)
$ in Millions
Total
Common Unitholders
Accumulated Other Comprehensive Income
Accumulated other comprehensive income (loss) $ 0    
Common unitholders 978    
Beginning balance at Dec. 31, 2023 978    
Cash distributions to unitholders, including incentive distributions 91 $ 91 $ 0
Non-cash unit-based compensation 4 4 0
Other comprehensive loss, net of tax 0    
Units issued in acquisition 0    
Net income 230 230 0
Ending balance at Mar. 31, 2024 1,121    
Accumulated other comprehensive income (loss) 0    
Common unitholders 1,121    
Accumulated other comprehensive income (loss) 2    
Common unitholders 4,066    
Beginning balance at Dec. 31, 2024 4,068    
Cash distributions to unitholders, including incentive distributions 159 159 0
Non-cash unit-based compensation 4 4 0
Other comprehensive loss, net of tax 1 0 1
Units issued in acquisition 5 5 0
Other 30 36 (6)
Net income 207 $ 207 $ 0
Ending balance at Mar. 31, 2025 4,156    
Accumulated other comprehensive income (loss) (3)    
Common unitholders $ 4,159    
v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
OPERATING ACTIVITIES:    
NET INCOME $ 207 $ 230
Reconciliation of net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 156 43
Amortization of deferred financing fees 3 9
Loss on disposal of assets 3 2
Loss on extinguishment of debt 2 0
Other non-cash, net 28 0
Non-cash unit-based compensation expense 4 4
Deferred income tax expense (benefit) 7 (4)
Inventory valuation adjustments (61) (130)
Equity in earnings of unconsolidated affiliates (32) (2)
Distributions from unconsolidated affiliates 85 0
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 131 (55)
Accounts receivable from affiliates 0 (6)
Inventories, net 18 53
Other assets (80) (6)
Accounts payable (251) 201
Accounts payable to affiliates (74) 0
Accrued expenses and other current liabilities 3 (57)
Other non-current liabilities 21 (4)
Net cash provided by operating activities 156 286
INVESTING ACTIVITIES:    
Capital expenditures (101) (41)
Cash paid for acquisitions (12) (185)
Contributions to unconsolidated affiliates (24) 0
Distributions from unconsolidated affiliates in excess of cumulative earnings 33 1
Other 3 2
Net cash used in investing activities (101) (223)
FINANCING ACTIVITIES:    
Senior notes borrowings 1,000 0
Senior notes repayments (603) 0
Credit Facility borrowings 1,093 889
Credit Facility repayments (1,296) (675)
Loan origination costs (12) 0
Cash distributions to unitholders, including incentive distributions (159) (91)
Net cash provided by financing activities 23 123
Cash and cash equivalents, beginning of period 94 29
Cash and cash equivalents, end of period 172 215
Net increase in cash and cash equivalents 78 186
Non-cash investing and financing activities:    
Units issued in acquisition 5 0
Lease assets obtained in exchange for new lease liabilities 29 1
Change in note payable to affiliate $ 1 $ 0
v3.25.1
Organization and Principles of Consolidation
 3 Months Ended
Mar. 31, 2025
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” or “our” should be understood to refer to Sunoco LP and its consolidated subsidiaries, unless the context clearly indicates otherwise.
We are a Delaware master limited partnership. We are managed by our General Partner, which is owned by Energy Transfer. As of March 31, 2025, Energy Transfer owned 100% of the limited liability company interests in our General Partner, 28,463,967 of our common units and all of our IDRs.
The consolidated financial statements include Sunoco LP, a publicly traded Delaware limited partnership, and its wholly owned subsidiaries. In the opinion of the Partnership’s management, such financial information reflects all adjustments necessary for a fair presentation of the financial position and the results of operations for such interim periods in accordance with GAAP. All significant intercompany accounts and transactions have been eliminated in consolidation.
The operations of certain pipelines and terminals in which we own an undivided interest are proportionately consolidated in the accompanying consolidated financial statements.
v3.25.1
Summary of Significant Accounting Policies
 3 Months Ended
Mar. 31, 2025
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 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, 2024 filed with the SEC on February 14, 2025.
Significant Accounting Policies
As of March 31, 2025, there have been no changes in the Partnership's significant accounting policies from those described in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on February 14, 2025.
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 $29 million and $59 million for the three months ended March 31, 2025 and 2024, respectively. Merchandise sales and cost of merchandise sales are reported net of sales tax in our consolidated statements of operations.
v3.25.1
Acquisitions, Divestitures and Other Transactions
 3 Months Ended
Mar. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Mergers, Acquisitions and Dispositions Disclosures Acquisitions
Parkland Acquisition
On May 5, 2025, Sunoco and Parkland Corporation (“Parkland”) announced that the parties have entered into a definitive agreement whereby Sunoco plans to acquire all outstanding shares of Parkland in a cash and equity transaction valued at approximately $9.1 billion, including assumed debt.
As part of the transaction, Sunoco intends to form a new publicly-traded Delaware limited liability company named SUNCorp, LLC (“SUNCorp”). SUNCorp is expected to hold limited partnership units of Sunoco that are economically equivalent to Sunoco’s publicly-traded common units on the basis of one Sunoco common unit for each outstanding SUNCorp unit. For a period of two years following closing of the transaction, Sunoco would ensure that SUNCorp unitholders receive the same dividend equivalent as the distribution to Sunoco unitholders.
Under the terms of the agreement, Parkland shareholders would receive 0.295 SUNCorp units and C$19.80 for each Parkland share, implying a 25% premium based on the 7-day volume weighted average prices of both Parkland and Sunoco as of May 2, 2025. Parkland shareholders could elect, in the alternative, to receive C$44.00 per Parkland share in cash or 0.536 SUNCorp units for each Parkland share, subject to proration to ensure that the aggregate consideration payable in connection with the transaction
does not exceed C$19.80 in cash per Parkland share outstanding as of immediately before close and 0.295 SUNCorp units per Parkland share outstanding as of immediately before close.
Sunoco has secured a $2.65 billion 364-day bridge term loan for the proposed cash consideration.
The transaction is currently expected to close in the second half of 2025 upon the satisfaction of closing conditions, including approval by Parkland’s shareholders and customary regulatory and stock exchange listing approvals.
TanQuid Acquisition
In March 2025, the Partnership entered into an agreement to acquire TanQuid GmbH & Co. KG (“TanQuid”) for approximately €500 million (approximately $540 million as of March 31, 2025), including approximately €300 million of assumed debt. TanQuid owns and operates 15 fuel terminals in Germany and one fuel terminal in Poland. The transaction is expected to close in the second half of 2025, subject to customary closing conditions, and will be funded using cash on hand and amounts available under the Partnership's Credit Facility.
Other Acquisitions
In the first quarter of 2025, we acquired fuel equipment, motor fuel inventory and supply agreements in two separate transactions for total consideration of approximately $17 million. Aggregate consideration included $12 million in cash and 91,776 newly issued Sunoco LP common units, which had an aggregate acquisition-date fair value of approximately $5 million. These transactions were accounted for as asset acquisitions, and the purchase price was primarily allocated to property and equipment and other non-current assets.
v3.25.1
Accounts Receivable, net
 3 Months Ended
Mar. 31, 2025
Accounts Receivable, after Allowance for Credit Loss [Abstract]  
Accounts Receivable, net Accounts Receivable, net
Accounts receivable, net, consisted of the following:
March 31,
2025		December 31,
2024
Accounts receivable, trade$909 $1,058 
Credit card receivables59 28 
Other receivables66 78 
Allowance for expected credit losses(3)(2)
Accounts receivable, net$1,031 $1,162 
v3.25.1
Inventories, net
 3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
Inventories, net Inventories, net 
Fuel inventories are stated at the lower of cost or market using the LIFO method. As of March 31, 2025 and December 31, 2024, the Partnership’s fuel inventory balance included lower of cost or market reserves of $255 million and $316 million, respectively. For the three months ended March 31, 2025 and 2024, the Partnership’s consolidated statements of operations did not include any material amounts of income from the liquidation of LIFO fuel inventory. For the three months ended March 31, 2025 and 2024, the Partnership's cost of sales included favorable inventory valuation adjustments of $61 million and $130 million, respectively, which increased net income.
Inventories, net, consisted of the following:
March 31,
2025		December 31,
2024
Fuel$1,097 $1,054 
Other14 14 
Inventories, net$1,111 $1,068 
v3.25.1
Investment in Unconsolidated Affiliates
 3 Months Ended
Mar. 31, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Investments in and Advances to Affiliates, Schedule of Investments Investments in Unconsolidated Affiliates
Our investment in J.C. Nolan was $123 million as of March 31, 2025 and December 31, 2024. We recorded equity in earnings from J.C. Nolan of $2 million for the three months ended March 31, 2025 and 2024.
Our investment in ET-S Permian was $1.15 billion and $1.21 billion as of March 31, 2025 and December 31, 2024, respectively. We recorded equity in earnings from ET-S Permian of $30 million for the three months ended March 31, 2025. ET-S Permian was formed in July 2024; therefore, our consolidated financial statements for the three months ended March 31, 2024 did not reflect any equity in earnings from this joint venture.
As of March 31, 2025, ET-S Permian had current assets of $130 million, non-current assets of $3.65 billion, current liabilities of $200 million and non-current liabilities of $28 million. As of December 31, 2024, ET-S Permian had current assets of $273 million, non-current assets of $3.61 billion, current liabilities of $106 million and non-current liabilities of $50 million. For
the three months ended March 31, 2025, ET-S Permian recognized revenues of $3.46 billion, of which approximately $3.35 billion related to transactions with affiliates, operating income of $92 million and net income of $92 million.
v3.25.1
Accrued Expenses and Other Current Liabilities
 3 Months Ended
Mar. 31, 2025
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:
March 31,
2025		December 31,
2024
Wage and other employee-related accrued expenses$32 $64 
Accrued tax expense147 152 
Accrued insurance expense32 39 
Accrued interest expense143 82 
Dealer deposits24 24 
Accrued environmental expense9 7 
Contract liabilities16 17 
Other57 72 
Total$460 $457 
v3.25.1
Debt Obligations
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Long-Term Debt Debt Obligations
Total long-term debt, net consisted of the following:
March 31,
2025		December 31,
2024
Credit Facility$— $203 
5.750% senior notes due 2025
— 600 
6.000% senior notes due 2026
500 500 
6.000% senior notes due 2027
600 600 
5.625% senior notes due 2027
550 550 
5.875% senior notes due 2028
400 400 
7.000% senior notes due 2028
500 500 
4.500% senior notes due 2029
800 800 
7.000% senior notes due 2029
750 750 
4.500% senior notes due 2030
800 800 
6.375% senior notes due 2030
600 600 
7.250% senior notes due 2032
750 750 
6.250% senior notes due 2033
1,000 — 
GoZone Bonds(1)
322 322 
Lease-related financing obligations131 132 
Net unamortized premiums, discounts and fair value adjustments17 16 
Deferred debt issuance costs(47)(37)
Total debt7,673 7,486 
Less: current maturities2 2 
Total long-term debt, net$7,671 $7,484 
(1)    As of March 31, 2025, $75 million of GoZone Bonds (as defined below) due on or before March 31, 2026 were classified as long-term as management has the intent and ability to refinance the borrowings on a long-term basis.
March 2025 Senior Notes Offering and Redemption
In March 2025, the Partnership issued $1.00 billion of 6.250% senior notes due 2033 in a private offering. These notes will mature on July 1, 2033 and interest is payable semi-annually on January 1 and July 1 of each year. The Partnership used the net proceeds from the private offering to repay its $600 million of 5.750% senior notes due 2025 and to repay a portion of the outstanding borrowings under its Credit Facility.
GoZone Bonds
NuStar Logistics' obligations include revenue bonds issued by the Parish of St. James, Louisiana pursuant to the Gulf Opportunity Zone Act of 2005 (the “GoZone Bonds”).
As reflected in the table below, the holders of the Series 2008, Series 2010B and Series 2011 GoZone Bonds are required to tender their bonds at the applicable mandatory purchase date in exchange for 100% of the principal plus accrued and unpaid interest, after which these bonds are expected to be remarketed with a new interest rate established. Each of the Series 2010 and Series 2010A GoZone Bonds is subject to redemption on or after June 1, 2030 by the Parish of St. James, at our option, in whole or in part, at a redemption price of 100% of the principal amount to be redeemed plus accrued and unpaid interest. Interest on the GoZone Bonds is payable semi-annually on June 1 and December 1 of each year.
The following table summarizes the GoZone Bonds outstanding as of March 31, 2025:
SeriesDate IssuedAmount OutstandingInterest RateMandatory Purchase DateOptional Redemption DateMaturity Date
Series 2008June 26, 2008$56 6.10 %June 1, 2030n/aJune 1, 2038
Series 2010July 15, 2010100 6.35 %n/aJune 1, 2030July 1, 2040
Series 2010AOctober 7, 201043 6.35 %n/aJune 1, 2030October 1, 2040
Series 2010BDecember 29, 201048 6.10 %June 1, 2030n/aDecember 1, 2040
Series 2011August 9, 201175 5.85 %June 1, 2025n/aAugust 1, 2041
NuStar Logistics’ agreements with the Parish of St. James related to the GoZone Bonds contain: (i) customary restrictive covenants that limit the ability of NuStar Logistics and its subsidiaries to, among other things, create liens, enter into certain sale leaseback transactions, and engage in certain consolidations, mergers or asset sales; and (ii) a repurchase provision which provides that if we undergo a change of control that is followed by a ratings decline that occurs within 60 days of the change of control, then each holder may require the trustee, with funds provided by NuStar Logistics, to repurchase all or a portion of that holder’s GoZone Bonds at a price equal to 101% of the aggregate principal amount repurchased, plus any accrued and unpaid interest. The Partnership and certain of its subsidiaries are guarantors to the agreements related to the GoZone Bonds.
Credit Facilities
The Partnership's $1.50 billion Credit Facility matures in May 2029, which date may be extended in accordance with the terms of the Credit Facility. The Credit Facility can be increased from time to time upon our written request, subject to certain conditions, up to an additional $500 million. As of March 31, 2025, we had no outstanding borrowings on the Credit Facility and $56 million in standby letters of credit were outstanding. The unused availability on the Credit Facility as of March 31, 2025 was $1.44 billion. The weighted average interest rate on the total amount outstanding as of March 31, 2025 was 6.53%. The Partnership was in compliance with all financial covenants as of March 31, 2025.
Upon the closing of the acquisition of NuStar, the commitments under NuStar’s receivables financing agreement were reduced to zero during a suspension period, for which the period end has not been determined. As of March 31, 2025, this facility had no outstanding borrowings.
Fair Value of Debt
The aggregate estimated fair value and carrying amount of our consolidated debt obligations as of March 31, 2025 were $7.66 billion and $7.67 billion, respectively. As of December 31, 2024, the aggregate fair value and carrying amount of our consolidated debt obligations were $7.45 billion and $7.49 billion, respectively. The fair value of our consolidated debt obligations is a Level 2 valuation based on the respective debt obligations' observable inputs for similar liabilities.
v3.25.1
Other Noncurrent Liabilities (Notes)
 3 Months Ended
Mar. 31, 2025
Other Liabilities Disclosure [Abstract]  
Other Liabilities Disclosure [Text Block] Other Non-Current Liabilities
Other non-current liabilities consisted of the following:
March 31,
2025		December 31,
2024
Asset retirement obligations$85 $84 
Accrued environmental expense, long-term19 21 
Other48 53 
Total$152 $158 
v3.25.1
Related-Party Transactions
 3 Months Ended
Mar. 31, 2025
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. Additionally, under our partnership agreement, our General Partner does not receive a management fee or other compensation for its role as our general partner. However, our General Partner is reimbursed for all expenses incurred on our behalf. These expenses include shared service fees, as well as all other expenses necessary or appropriate to the conduct of our business that are allocable to us, as provided for in our partnership agreement. There is no cap on the amount that may be paid or reimbursed to our General Partner.
Summary of Transactions
Related party transactions for the three months ended March 31, 2025 and 2024 were as follows:
Three Months Ended March 31,
20252024
Motor fuel sales to affiliates$2 $4 
Bulk fuel purchases from affiliates294 397 
Expense reimbursement11 9 
Significant affiliate balances included on the consolidated balance sheets were as follows:
•Accounts payable to affiliates were $128 million and $199 million as of March 31, 2025 and December 31, 2024, respectively, which were attributable to operational expenses and bulk fuel purchases.
•Advances from affiliates were $77 million and $82 million as of March 31, 2025 and December 31, 2024, respectively, which were related to treasury services agreements with Energy Transfer.
v3.25.1
Revenue (Notes)
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] Revenue
Disaggregation of Revenue
Revenues from our Fuel Distribution segment are derived from the sale of fuel, non-fuel and lease income. Fuel sales consist primarily of the sale of motor fuel under supply agreements with third-party customers and affiliates. Fuel supply contracts with our customers generally provide that we distribute motor fuel at a price based on a formula which includes published rates, volume-based profit margin and other terms specific to the agreement. The customer is invoiced the agreed-upon price with most payment terms ranging less than 30 days. If the consideration promised in a contract includes a variable amount, the Partnership estimates the variable consideration amount and factors in such estimate to determine the transaction price under the expected value method. Revenue is recognized under the motor fuel contracts at the point in time the customer takes control of the fuel. At the time control is transferred to the customer the sale is considered final, because the agreements do not grant customers the right to return motor fuel. To determine when control transfers to the customer, the shipping terms of the contract are assessed as a primary indicator of the transfer of control. For free on board shipping point terms, revenue is recognized at the time of shipment. The performance obligation with respect to the sale of goods is satisfied at the time of shipment since the customer gains control at this time under the terms. Shipping and/or handling costs that occur before the customer obtains control of the goods are deemed to be fulfillment activities and are accounted for as fulfillment costs. Once the goods are shipped, the Partnership is precluded from redirecting the shipment to another customer and revenue is recognized. Non-fuel revenue includes merchandise revenue that comprises the in-store merchandise and food service sales at company-operated retail stores and other revenue such as credit card processing, car washes, lottery and other services. Lease revenue is derived from the leasing or subleasing of real estate used in the retail distribution of motor fuels.
Revenues from our Pipeline Systems segment are derived from interstate and intrastate pipeline transportation of refined products, crude oil and anhydrous ammonia and the applicable pipeline tariff on a per barrel basis for crude oil or refined products and on a per ton basis for ammonia.
Revenues from our Terminals segment include fees for tank storage agreements, under which a customer agrees to pay for a certain amount of storage in a tank over a period of time (storage terminal revenues) and throughput agreements, under which a customer pays a fee per barrel for volumes moving through our terminals (throughput terminal revenues). Our terminals also provide blending, additive injections, handling and filtering services for which we charge additional fees. Additionally, we lease certain of our storage tanks in exchange for a fixed fee, subject to an annual consumer price index adjustment. We recognized lease revenues from these leases of $12 million for the three months ended March 31, 2025, which are included in "Service revenue" in our consolidated statement of operations.
The following table depicts the disaggregation of revenue:
Three Months Ended March 31,
20252024
Fuel$4,807 $5,354 
Non-fuel67 65 
Lease income29 38 
Pipeline throughput158 — 
Terminal throughput27 16 
Other91 26 
Total revenues$5,179 $5,499 
Contract Balances with Customers
The balances of the Partnership’s contract assets and contract liabilities as of March 31, 2025 and December 31, 2024 were as follows:
March 31,
2025		December 31, 2024
Contract assets$300 $288 
Accounts receivable from contracts with customers965 1,084 
Contract liabilities37 39 
The following table summarizes the consolidated activity of our contract liabilities:
Contract Liabilities
Balance, December 31, 2024$39 
Additions10 
Revenue recognized(12)
Balance, March 31, 2025$37 
Remaining Performance Obligations
The following table presents our estimated revenues from contracts with customers for remaining performance obligations that have not yet been recognized, representing our contractually committed revenue as of March 31, 2025.
Remaining Performance Obligations
2025(remaining)$285 
2026274 
2027181 
2028136 
202991 
Thereafter240 
Total$1,207 
Our contractually committed revenue, for purposes of the tabular presentation above, is generally limited to customer contracts that have fixed pricing and fixed volume terms and conditions, including contracts with payment obligations for minimum volume commitments.
Costs to Obtain or Fulfill a Contract
The Partnership recognized amortization on capitalized costs incurred to obtain contracts of $9 million and $8 million for the three months ended March 31, 2025 and 2024, respectively
v3.25.1
Commitments And Contingencies
 3 Months Ended
Mar. 31, 2025
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.
New York Motor Fuel Excise Tax Audits
Sunoco LLC and Sunoco Retail LLC are currently under motor fuel excise tax audits in the state of New York for the periods of March 2017 through May 2020. These audits are currently ongoing and no assessments have been made. We cannot predict the outcome of these audits; however, to the extent material assessments may be issued, we would expect to use all appropriate administrative and legal measures to defend our positions.
v3.25.1
Equity
 3 Months Ended
Mar. 31, 2025
Partners' Capital [Abstract]  
Partners' Capital Equity
As of March 31, 2025, Energy Transfer and its subsidiaries owned 28,463,967 of our common units and the public owned 107,863,687 of our common units. As of March 31, 2025, our wholly owned 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 three months ended March 31, 2025 was as follows: 
Number of Units
Number of common units at December 31, 2024
136,228,535 
Phantom unit vesting7,343 
Units issued in acquisition91,776 
Number of common units at March 31, 2025
136,327,654 
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 subsequent to December 31, 2024 were as follows:
Limited Partners
Payment DatePer Unit DistributionTotal Cash DistributionDistribution to IDR Holders
February 19, 2025$0.8865 $121 $37 
May 20, 20250.8976 122 39 
Accumulated Other Comprehensive Income
The following table presents the components of AOCI, net of tax:
March 31,
2025		December 31,
2024
Foreign currency translation adjustment$(6)$(1)
Actuarial gains related to pensions and other postretirement benefits3 3 
Total AOCI included in partners’ capital, net of tax$(3)$2 
v3.25.1
Segment Reporting
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block] Segment Reporting
Description of Segments
Our consolidated financial statements reflect three reportable segments: Fuel Distribution, Pipeline Systems and Terminals.
Fuel Distribution. Our Fuel Distribution segment supplies motor fuel to independently-operated dealer stations, distributors, commission agents and other consumers. Also included in our Fuel Distribution segment is lease income from properties that we
lease or sublease, as well as the Partnership’s credit card services, franchise royalties and retail operations in Hawaii and New Jersey.
Pipeline Systems. Our Pipeline Systems segment includes an integrated pipeline and terminal network comprised of approximately 6,000 miles of refined product pipeline (including the pipeline of J.C. Nolan), approximately 6,000 miles of crude oil pipeline (including the pipeline of ET-S Permian), approximately 2,000 miles of ammonia pipeline and 67 terminals.
Terminals. Our Terminals segment is composed of four transmix processing facilities and 56 refined product terminals (two in Europe, six in Hawaii and 48 in the continental United States).
Segment Operating Results
We report Adjusted EBITDA by segment as a measure of segment performance. We define Adjusted EBITDA as earnings before net interest expense, income taxes, depreciation, amortization and accretion expense, non-cash unit-based compensation expense, gains and losses on disposal of assets, non-cash impairment charges, losses on extinguishment of debt, unrealized gains and losses on commodity derivatives, inventory valuation adjustments, and certain other operating expenses reflected in net income that we do not believe are indicative of ongoing core operations. Inventory valuation 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 tables present financial information by segment for the three months ended March 31, 2025 and 2024:
Three Months Ended March 31,
20252024
Revenues:
Fuel Distribution
Revenues from external customers$4,903 $5,457 
Intersegment revenues13 9 
4,916 5,466 
Pipeline Systems
Revenues from external customers173 — 
Intersegment revenues1 — 
174 — 
Terminals
Revenues from external customers103 42 
Intersegment revenues236 257 
339 299 
Eliminations(250)(266)
Total$5,179 $5,499 
Three Months Ended March 31,
20252024
Cost of sales:
Fuel Distribution$4,555 $5,049 
Pipeline Systems— (1)
Terminals221 233 
Eliminations(250)(266)
Total$4,526 $5,015 
Three Months Ended March 31,
20252024
Operating expenses, excluding non-cash unit-based compensation:
Fuel Distribution$72 $83 
Pipeline Systems44 1 
Terminals42 21 
Total$158 $105 
Three Months Ended March 31,
20252024
General and administrative expenses, excluding non-cash unit-based compensation:
Fuel Distribution$20 $23 
Pipeline Systems9 3 
Terminals7 7 
Total$36 $33 
Three Months Ended March 31,
20252024
Other(1):
Fuel Distribution$49 $93 
Pipeline Systems(51)(3)
Terminals3 14 
Total$1 $104 
(1)    Other includes Adjusted EBITDA from unconsolidated affiliates, unrealized gains and losses on commodity derivatives, inventory valuation adjustments and other less significant items, as applicable.
Three Months Ended March 31,
20252024
Segment Adjusted EBITDA:
Fuel Distribution$220 $218 
Pipeline Systems172 — 
Terminals66 24 
Total$458 $242 
Three Months Ended March 31,
20252024
Reconciliation of net income to Adjusted EBITDA:
Net income$207 $230 
Depreciation, amortization and accretion156 43 
Interest expense, net121 63 
Non-cash unit-based compensation expense4 4 
Loss on disposal of assets3 2 
Loss on extinguishment of debt2 — 
Unrealized (gains) losses on commodity derivatives(1)13 
Inventory valuation adjustments(61)(130)
Equity in earnings of unconsolidated affiliates(32)(2)
Adjusted EBITDA related to unconsolidated affiliates50 3 
Other non-cash adjustments11 9 
Income tax expense (benefit)(2)7 
Adjusted EBITDA (consolidated)$458 $242 
March 31,
2025		December 31, 2024
Assets:
Fuel Distribution$5,852 $6,047 
Pipeline Systems6,181 6,213 
Terminals2,060 1,944 
Total segment assets14,093 14,204 
Other partnership assets249 171 
Total assets$14,342 $14,375 
v3.25.1
Net Income per Common Unit
 3 Months Ended
Mar. 31, 2025
Net Income Per Unit [Abstract]  
Net Income per Unit Net Income per Common Unit
A reconciliation of the numerators and denominators of the basic and diluted net income per common unit computations is as follows:
Three Months Ended March 31,
20252024
Net income$207 $230 
Less:
Incentive distribution rights
39 36 
Distributions on unvested phantom unit awards
2 1 
Common unitholders’ interest in net income
$166 $193 
Weighted average common units outstanding:
Basic
136,267,512 84,424,748 
Dilutive effect of unvested phantom unit awards668,799 834,490 
Diluted
136,936,311 85,259,238 
Net income per common unit:
Basic
$1.22 $2.29 
Diluted
$1.21 $2.26 
v3.25.1
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Pay vs Performance Disclosure    
Net income $ 207 $ 230
v3.25.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2025
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
v3.25.1
Organization and Principles of Consolidation Organization and Principles of Consolidation (Policies)
 3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Consolidation, Policy
The consolidated financial statements include Sunoco LP, a publicly traded Delaware limited partnership, and its wholly owned subsidiaries. In the opinion of the Partnership’s management, such financial information reflects all adjustments necessary for a fair presentation of the financial position and the results of operations for such interim periods in accordance with GAAP. All significant intercompany accounts and transactions have been eliminated in consolidation.
The operations of certain pipelines and terminals in which we own an undivided interest are proportionately consolidated in the accompanying consolidated financial statements.
v3.25.1
Summary of Significant Accounting Policies (Policies)
 3 Months Ended
Mar. 31, 2025
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 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, 2024 filed with the SEC on February 14, 2025.
Recently Issued Accounting Pronouncements
Significant Accounting Policies
As of March 31, 2025, there have been no changes in the Partnership's significant accounting policies from those described in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on February 14, 2025.
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 $29 million and $59 million for the three months ended March 31, 2025 and 2024, respectively. Merchandise sales and cost of merchandise sales are reported net of sales tax in our consolidated statements of operations.
v3.25.1
Inventory (Policies)
 3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
Inventory, Policy Fuel inventories are stated at the lower of cost or market using the LIFO method. As of March 31, 2025 and December 31, 2024, the Partnership’s fuel inventory balance included lower of cost or market reserves of $255 million and $316 million, respectively. For the three months ended March 31, 2025 and 2024, the Partnership’s consolidated statements of operations did not include any material amounts of income from the liquidation of LIFO fuel inventory. For the three months ended March 31, 2025 and 2024, the Partnership's cost of sales included favorable inventory valuation adjustments of $61 million and $130 million, respectively, which increased net income.
v3.25.1
Revenue from Contract with Customer (Policies)
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue
Disaggregation of Revenue
Revenues from our Fuel Distribution segment are derived from the sale of fuel, non-fuel and lease income. Fuel sales consist primarily of the sale of motor fuel under supply agreements with third-party customers and affiliates. Fuel supply contracts with our customers generally provide that we distribute motor fuel at a price based on a formula which includes published rates, volume-based profit margin and other terms specific to the agreement. The customer is invoiced the agreed-upon price with most payment terms ranging less than 30 days. If the consideration promised in a contract includes a variable amount, the Partnership estimates the variable consideration amount and factors in such estimate to determine the transaction price under the expected value method. Revenue is recognized under the motor fuel contracts at the point in time the customer takes control of the fuel. At the time control is transferred to the customer the sale is considered final, because the agreements do not grant customers the right to return motor fuel. To determine when control transfers to the customer, the shipping terms of the contract are assessed as a primary indicator of the transfer of control. For free on board shipping point terms, revenue is recognized at the time of shipment. The performance obligation with respect to the sale of goods is satisfied at the time of shipment since the customer gains control at this time under the terms. Shipping and/or handling costs that occur before the customer obtains control of the goods are deemed to be fulfillment activities and are accounted for as fulfillment costs. Once the goods are shipped, the Partnership is precluded from redirecting the shipment to another customer and revenue is recognized. Non-fuel revenue includes merchandise revenue that comprises the in-store merchandise and food service sales at company-operated retail stores and other revenue such as credit card processing, car washes, lottery and other services. Lease revenue is derived from the leasing or subleasing of real estate used in the retail distribution of motor fuels.
Revenues from our Pipeline Systems segment are derived from interstate and intrastate pipeline transportation of refined products, crude oil and anhydrous ammonia and the applicable pipeline tariff on a per barrel basis for crude oil or refined products and on a per ton basis for ammonia.
Revenues from our Terminals segment include fees for tank storage agreements, under which a customer agrees to pay for a certain amount of storage in a tank over a period of time (storage terminal revenues) and throughput agreements, under which a customer pays a fee per barrel for volumes moving through our terminals (throughput terminal revenues). Our terminals also provide blending, additive injections, handling and filtering services for which we charge additional fees. Additionally, we lease certain of our storage tanks in exchange for a fixed fee, subject to an annual consumer price index adjustment. We recognized lease revenues from these leases of $12 million for the three months ended March 31, 2025, which are included in "Service revenue" in our consolidated statement of operations.
Costs to Obtain or Fulfill a Contract
The Partnership recognized amortization on capitalized costs incurred to obtain contracts of $9 million and $8 million for the three months ended March 31, 2025 and 2024, respectively
v3.25.1
Accounts Receivable, net (Tables)
 3 Months Ended
Mar. 31, 2025
Accounts Receivable, after Allowance for Credit Loss [Abstract]  
Schedule of Accounts Receivable
Accounts receivable, net, consisted of the following:
March 31,
2025		December 31,
2024
Accounts receivable, trade$909 $1,058 
Credit card receivables59 28 
Other receivables66 78 
Allowance for expected credit losses(3)(2)
Accounts receivable, net$1,031 $1,162 
v3.25.1
Inventories, net (Tables)
 3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
Schedule of Inventories
Inventories, net, consisted of the following:
March 31,
2025		December 31,
2024
Fuel$1,097 $1,054 
Other14 14 
Inventories, net$1,111 $1,068 
v3.25.1
Accrued Expenses and Other Current Liabilities (Tables)
 3 Months Ended
Mar. 31, 2025
Accrued Expenses And Other Current Liabilities [Abstract]  
Schedule of Accrued Liabilities
Accrued expenses and other current liabilities consisted of the following:
March 31,
2025		December 31,
2024
Wage and other employee-related accrued expenses$32 $64 
Accrued tax expense147 152 
Accrued insurance expense32 39 
Accrued interest expense143 82 
Dealer deposits24 24 
Accrued environmental expense9 7 
Contract liabilities16 17 
Other57 72 
Total$460 $457 
v3.25.1
Debt Obligations (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Total long-term debt, net consisted of the following:
March 31,
2025		December 31,
2024
Credit Facility$— $203 
5.750% senior notes due 2025
— 600 
6.000% senior notes due 2026
500 500 
6.000% senior notes due 2027
600 600 
5.625% senior notes due 2027
550 550 
5.875% senior notes due 2028
400 400 
7.000% senior notes due 2028
500 500 
4.500% senior notes due 2029
800 800 
7.000% senior notes due 2029
750 750 
4.500% senior notes due 2030
800 800 
6.375% senior notes due 2030
600 600 
7.250% senior notes due 2032
750 750 
6.250% senior notes due 2033
1,000 — 
GoZone Bonds(1)
322 322 
Lease-related financing obligations131 132 
Net unamortized premiums, discounts and fair value adjustments17 16 
Deferred debt issuance costs(47)(37)
Total debt7,673 7,486 
Less: current maturities2 2 
Total long-term debt, net$7,671 $7,484 
(1)    As of March 31, 2025, $75 million of GoZone Bonds (as defined below) due on or before March 31, 2026 were classified as long-term as management has the intent and ability to refinance the borrowings on a long-term basis.
Schedule of Debt Conversions
The following table summarizes the GoZone Bonds outstanding as of March 31, 2025:
SeriesDate IssuedAmount OutstandingInterest RateMandatory Purchase DateOptional Redemption DateMaturity Date
Series 2008June 26, 2008$56 6.10 %June 1, 2030n/aJune 1, 2038
Series 2010July 15, 2010100 6.35 %n/aJune 1, 2030July 1, 2040
Series 2010AOctober 7, 201043 6.35 %n/aJune 1, 2030October 1, 2040
Series 2010BDecember 29, 201048 6.10 %June 1, 2030n/aDecember 1, 2040
Series 2011August 9, 201175 5.85 %June 1, 2025n/aAugust 1, 2041
v3.25.1
Other Noncurrent Liabilities (Tables)
 3 Months Ended
Mar. 31, 2025
Other Liabilities Disclosure [Abstract]  
Other Noncurrent Liabilities [Table Text Block]
Other non-current liabilities consisted of the following:
March 31,
2025		December 31,
2024
Asset retirement obligations$85 $84 
Accrued environmental expense, long-term19 21 
Other48 53 
Total$152 $158 
v3.25.1
Related-Party Transactions (Tables)
 3 Months Ended
Mar. 31, 2025
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions [Table Text Block]
Related party transactions for the three months ended March 31, 2025 and 2024 were as follows:
Three Months Ended March 31,
20252024
Motor fuel sales to affiliates$2 $4 
Bulk fuel purchases from affiliates294 397 
Expense reimbursement11 9 
v3.25.1
Revenue (Tables)
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block]
The following table depicts the disaggregation of revenue:
Three Months Ended March 31,
20252024
Fuel$4,807 $5,354 
Non-fuel67 65 
Lease income29 38 
Pipeline throughput158 — 
Terminal throughput27 16 
Other91 26 
Total revenues$5,179 $5,499 
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 March 31, 2025 and December 31, 2024 were as follows:
March 31,
2025		December 31, 2024
Contract assets$300 $288 
Accounts receivable from contracts with customers965 1,084 
Contract liabilities37 39 
The following table summarizes the consolidated activity of our contract liabilities:
Contract Liabilities
Balance, December 31, 2024$39 
Additions10 
Revenue recognized(12)
Balance, March 31, 2025$37 
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Remaining Performance Obligations
The following table presents our estimated revenues from contracts with customers for remaining performance obligations that have not yet been recognized, representing our contractually committed revenue as of March 31, 2025.
Remaining Performance Obligations
2025(remaining)$285 
2026274 
2027181 
2028136 
202991 
Thereafter240 
Total$1,207 
Our contractually committed revenue, for purposes of the tabular presentation above, is generally limited to customer contracts that have fixed pricing and fixed volume terms and conditions, including contracts with payment obligations for minimum volume commitments.
v3.25.1
Equity (Tables)
 3 Months Ended
Mar. 31, 2025
Partners' Capital [Abstract]  
Schedule of Common Units
The change in our outstanding common units for the three months ended March 31, 2025 was as follows: 
Number of Units
Number of common units at December 31, 2024
136,228,535 
Phantom unit vesting7,343 
Units issued in acquisition91,776 
Number of common units at March 31, 2025
136,327,654 
Distributions Made to Limited Partner, by Distribution
Cash distributions paid or declared subsequent to December 31, 2024 were as follows:
Limited Partners
Payment DatePer Unit DistributionTotal Cash DistributionDistribution to IDR Holders
February 19, 2025$0.8865 $121 $37 
May 20, 20250.8976 122 39 
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents the components of AOCI, net of tax:
March 31,
2025		December 31,
2024
Foreign currency translation adjustment$(6)$(1)
Actuarial gains related to pensions and other postretirement benefits3 3 
Total AOCI included in partners’ capital, net of tax$(3)$2 
v3.25.1
Segment Reporting (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The following tables present financial information by segment for the three months ended March 31, 2025 and 2024:
Three Months Ended March 31,
20252024
Revenues:
Fuel Distribution
Revenues from external customers$4,903 $5,457 
Intersegment revenues13 9 
4,916 5,466 
Pipeline Systems
Revenues from external customers173 — 
Intersegment revenues1 — 
174 — 
Terminals
Revenues from external customers103 42 
Intersegment revenues236 257 
339 299 
Eliminations(250)(266)
Total$5,179 $5,499 
Three Months Ended March 31,
20252024
Cost of sales:
Fuel Distribution$4,555 $5,049 
Pipeline Systems— (1)
Terminals221 233 
Eliminations(250)(266)
Total$4,526 $5,015 
Three Months Ended March 31,
20252024
Operating expenses, excluding non-cash unit-based compensation:
Fuel Distribution$72 $83 
Pipeline Systems44 1 
Terminals42 21 
Total$158 $105 
Three Months Ended March 31,
20252024
General and administrative expenses, excluding non-cash unit-based compensation:
Fuel Distribution$20 $23 
Pipeline Systems9 3 
Terminals7 7 
Total$36 $33 
Three Months Ended March 31,
20252024
Other(1):
Fuel Distribution$49 $93 
Pipeline Systems(51)(3)
Terminals3 14 
Total$1 $104 
(1)    Other includes Adjusted EBITDA from unconsolidated affiliates, unrealized gains and losses on commodity derivatives, inventory valuation adjustments and other less significant items, as applicable.
Three Months Ended March 31,
20252024
Segment Adjusted EBITDA:
Fuel Distribution$220 $218 
Pipeline Systems172 — 
Terminals66 24 
Total$458 $242 
Three Months Ended March 31,
20252024
Reconciliation of net income to Adjusted EBITDA:
Net income$207 $230 
Depreciation, amortization and accretion156 43 
Interest expense, net121 63 
Non-cash unit-based compensation expense4 4 
Loss on disposal of assets3 2 
Loss on extinguishment of debt2 — 
Unrealized (gains) losses on commodity derivatives(1)13 
Inventory valuation adjustments(61)(130)
Equity in earnings of unconsolidated affiliates(32)(2)
Adjusted EBITDA related to unconsolidated affiliates50 3 
Other non-cash adjustments11 9 
Income tax expense (benefit)(2)7 
Adjusted EBITDA (consolidated)$458 $242 
March 31,
2025		December 31, 2024
Assets:
Fuel Distribution$5,852 $6,047 
Pipeline Systems6,181 6,213 
Terminals2,060 1,944 
Total segment assets14,093 14,204 
Other partnership assets249 171 
Total assets$14,342 $14,375 
v3.25.1
Net Income per Common Unit (Tables)
 3 Months Ended
Mar. 31, 2025
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 March 31,
20252024
Net income$207 $230 
Less:
Incentive distribution rights
39 36 
Distributions on unvested phantom unit awards
2 1 
Common unitholders’ interest in net income
$166 $193 
Weighted average common units outstanding:
Basic
136,267,512 84,424,748 
Dilutive effect of unvested phantom unit awards668,799 834,490 
Diluted
136,936,311 85,259,238 
Net income per common unit:
Basic
$1.22 $2.29 
Diluted
$1.21 $2.26 
v3.25.1
Organization and Principles of Consolidation - Additional Information (Details) - Common Units [Member] - shares
Mar. 31, 2025
Dec. 31, 2024
Organization Consolidation And Presentation Of Financial Statements [Line Items]    
Limited Partners' Capital Account, Units Outstanding 136,327,654 136,228,535
Energy Transfer    
Organization Consolidation And Presentation Of Financial Statements [Line Items]    
Limited Partners' Capital Account, Units Outstanding 28,463,967  
v3.25.1
Summary of Significant Accounting Policies - Additional Information (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Product Information [Line Items]    
Revenues $ 5,179 $ 5,499
Motor fuel sales and sales include motor fuel taxes    
Product Information [Line Items]    
Revenues $ 29 $ 59
v3.25.1
Acquisitions, Divestitures and Other Transactions (Details)
€ in Millions, $ in Millions
 3 Months Ended
May 05, 2025
USD ($)
conversionRatioOfUnitsInAcquisition
Mar. 31, 2025
USD ($)
shares
Mar. 31, 2025
EUR (€)
shares
May 05, 2025
$ / shares
TanQuid        
Asset Acquisition [Line Items]        
Business Combination, Reason for Business Combination   TanQuid owns and operates 15 fuel terminals in Germany and one fuel terminal in Poland. TanQuid owns and operates 15 fuel terminals in Germany and one fuel terminal in Poland.  
Business Combination, Consideration Transferred   $ 540 € 500  
Business Combination, Recognized Liability Assumed, Long-Term Debt, Noncurrent   300    
Acquisition of fuel equipment, motor fuel inventory and supply agreements        
Asset Acquisition [Line Items]        
Business Combination, Consideration Transferred   17    
Payments to Acquire Businesses, Gross   $ 12    
Business Combination, Consideration Transferred, Equity Interest, Share Issued, Number of Shares | shares   91,776 91,776  
Parkland | Subsequent Event [Member]        
Asset Acquisition [Line Items]        
Business Combination, Consideration Transferred, Liabilities Incurred $ 9,100      
Bridge Loan $ 2,650      
Business Combination, Price Per Share | $ / shares       $ 19.80
Business Acquisition, Equity Interest Issued or Issuable, Conversion Ratio of Shares | conversionRatioOfUnitsInAcquisition 0.295      
VWAP Premium 25.00%      
Parkland | Subsequent Event [Member] | Stock election        
Asset Acquisition [Line Items]        
Business Acquisition, Equity Interest Issued or Issuable, Conversion Ratio of Shares | conversionRatioOfUnitsInAcquisition 0.536      
Parkland | Subsequent Event [Member] | Cash election        
Asset Acquisition [Line Items]        
Business Combination, Price Per Share | $ / shares       $ 44.00
v3.25.1
Accounts Receivable, net (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Allowance for expected credit losses $ (3) $ (2)
Accounts receivable, net 1,031 1,162
Trade Accounts Receivable [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, gross, current 909 1,058
Credit Card Receivable [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, gross, current 59 28
Other Receivables [Member]    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accounts receivable, gross, current $ 66 $ 78
v3.25.1
Inventories, net - Additional Information (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Inventory Disclosure [Abstract]    
Inventory Adjustments $ 255 $ 316
v3.25.1
Inventories, net (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Inventory Disclosure [Abstract]      
Fuel $ 1,097   $ 1,054
Other 14   14
Inventories, net 1,111   1,068
Inventory Adjustments 255   $ 316
Inventory valuation adjustments $ 61 $ 130  
v3.25.1
Investment in Unconsolidated Affiliates (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Schedule of Equity Method Investments [Line Items]      
Investments in unconsolidated affiliates $ 1,276   $ 1,335
Equity in earnings of unconsolidated affiliates 32 $ 2  
Assets, Current 2,513   2,465
Liabilities, Current 1,625   1,947
Revenues 5,179 5,499  
Operating Income (Loss) 296 297  
Net income 207 230  
J.C. Nolan Joint Venture      
Schedule of Equity Method Investments [Line Items]      
Investments in unconsolidated affiliates 123    
Equity in earnings of unconsolidated affiliates 2 $ 2  
Permian joint venture      
Schedule of Equity Method Investments [Line Items]      
Investments in unconsolidated affiliates 1,150   1,210
Equity in earnings of unconsolidated affiliates 30    
Assets, Current 130   273
Assets, Noncurrent 3,650   3,610
Liabilities, Current 200   106
Liabilities, Noncurrent 28   $ 50
Revenues 3,460    
Related Party Transaction, Amounts of Transaction 3,350    
Operating Income (Loss) 92    
Net income $ 92    
v3.25.1
Accrued Expenses and Other Current Liabilities (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Accrued Expenses And Other Current Liabilities [Abstract]    
Wage and other employee-related accrued expenses $ 32 $ 64
Accrued tax expense 147 152
Accrued insurance expense 32 39
Accrued interest expense 143 82
Dealer deposits 24 24
Accrued environmental expense 9 7
Contract liabilities 16 17
Other 57 72
Total $ 460 $ 457
v3.25.1
Debt Obligations (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Lease-related financing obligations $ 131,000 $ 132,000
Debt Instrument, Unamortized Discount (Premium), Net 17,000 16,000
Total debt 7,673,000 7,486,000
Current maturities of long-term debt 2,000 2,000
Debt Issuance Costs, Net (47,000) (37,000)
Total long-term debt, net 7,671,000 7,484,000
Long-term Debt, Fair Value $ 7,660,000 7,450,000
6.00% Senior Notes due 2027    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 6.00%  
Senior Notes $ 600,000 600,000
5.875% Senior Notes due 2028    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 5.875%  
Senior Notes $ 400,000 400,000
4.5% Senior Notes due 2029    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 4.50%  
Senior Notes $ 800,000 800,000
4.5% Senior Notes due 2030    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 4.50%  
Senior Notes $ 800,000 800,000
7.00% Senior Notes due 2028    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 7.00%  
Senior Notes $ 500,000 500,000
7.25% Senior Notes due 2032    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 7.25%  
Senior Notes $ 750,000 750,000
Due April 2027 | Revolving Credit Agreement [Member]    
Debt Instrument [Line Items]    
Credit Facility   203,000
Due May 2029 | Revolving Credit Agreement [Member]    
Debt Instrument [Line Items]    
Credit Facility 0  
Line of Credit Facility, Maximum Borrowing Capacity $ 1,500,000  
5.75% Senior Notes due 2025    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 5.75%  
Senior Notes $ 0 600,000
6.00% Senior Notes due 2026    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 6.00%  
Senior Notes $ 500,000 500,000
5.625% Senior Notes due 2027    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 5.625%  
Senior Notes $ 550,000 550,000
7.00% Senior Notes due 2029    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 7.00%  
Senior Notes $ 750,000 750,000
6.375% Senior Notes due 2030    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 6.375%  
Senior Notes $ 600,000 600,000
GoZone Bonds    
Debt Instrument [Line Items]    
Senior Notes [1] $ 322,000 322,000
Debt Instrument, Redemption Price, Percentage 101.00%  
GoZone Bonds | March 31, 2026    
Debt Instrument [Line Items]    
Senior Notes $ 75,000  
Series 2008    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 6.10%  
Senior Notes $ 56,000  
Debt Instrument, Maturity Date Jun. 01, 2038  
Debt Instrument, Issuance Date Jun. 26, 2008  
Series 2010    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 6.35%  
Senior Notes $ 100,000  
Debt Instrument, Maturity Date Jul. 01, 2040  
Debt Instrument, Issuance Date Jul. 15, 2010  
Series 2010A    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 6.35%  
Senior Notes $ 43,000  
Debt Instrument, Maturity Date Oct. 01, 2040  
Debt Instrument, Issuance Date Oct. 07, 2010  
Series 2010B    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 6.10%  
Senior Notes $ 48,000  
Debt Instrument, Maturity Date Dec. 01, 2040  
Debt Instrument, Issuance Date Dec. 29, 2010  
Series 2011    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 5.85%  
Senior Notes $ 75,000  
Debt Instrument, Maturity Date Aug. 01, 2041  
Debt Instrument, Issuance Date Aug. 09, 2011  
6.250% senior notes due 2033    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 6.25%  
Senior Notes $ 1,000,000 $ 0
Senior notes due 2033    
Debt Instrument [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage 625.00%  
[1] As of March 31, 2025, $75 million of GoZone Bonds (as defined below) due on or before March 31, 2026 were classified as long-term as management has the intent and ability to refinance the borrowings on a long-term basis.
v3.25.1
Debt Obligations (Revolving Credit Agreement) (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Revolving Credit Agreement [Member] | Due April 2027    
Debt Instrument [Line Items]    
Revolving credit facility   $ 203
Revolving Credit Agreement [Member] | Due May 2029    
Debt Instrument [Line Items]    
Revolving credit facility $ 0  
Letters of Credit Outstanding, Amount 56  
Debt Instrument, Unused Borrowing Capacity, Amount $ 1,440  
Debt, Weighted Average Interest Rate 6.53%  
Revolving Credit Agreement [Member] | Due May 2029 | Accordian feature    
Debt Instrument [Line Items]    
Line of Credit Facility, Current Borrowing Capacity $ 500  
NuStar Credit Facility    
Debt Instrument [Line Items]    
Revolving credit facility $ 0  
v3.25.1
Debt Obligations (Fair Value Measurements) (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Fair Value Measurements [Abstract]    
Long-term Debt, Fair Value $ 7,660,000 $ 7,450,000
v3.25.1
Other Noncurrent Liabilities (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Other Liabilities Disclosure [Abstract]    
Asset retirement obligations $ 85 $ 84
Accrued environmental expense, long-term 19 21
Other 48 53
Other non-current liabilities $ 152 $ 158
v3.25.1
Related-Party Transactions (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Related Party Transaction [Line Items]      
Revenues $ 5,179 $ 5,499  
Disaggregation of Income Statement Expense, Caption, Reimbursement to Another Entity, Amount 11 9  
Accounts payable 1,004   $ 1,255
Related Party      
Related Party Transaction [Line Items]      
Advances from affiliates 77   $ 82
Wholesale motor fuel sales to affiliates [Member] | Related Party      
Related Party Transaction [Line Items]      
Revenues 2 4  
Wholesale Motor Fuel [Member]      
Related Party Transaction [Line Items]      
Related Party Transaction, Purchases from Related Party $ 294 $ 397  
v3.25.1
Revenue (Disaggregation of Revenue) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Disaggregation of Revenue [Line Items]    
Revenues $ 5,179 $ 5,499
Lease Income [Member]    
Disaggregation of Revenue [Line Items]    
Revenues 29 38
Fuel    
Disaggregation of Revenue [Line Items]    
Revenues 4,807 5,354
Non-Fuel    
Disaggregation of Revenue [Line Items]    
Revenues 67 65
Other    
Disaggregation of Revenue [Line Items]    
Revenues 91 26
Pipeline throughput    
Disaggregation of Revenue [Line Items]    
Revenues 158 0
Terminal throughput    
Disaggregation of Revenue [Line Items]    
Revenues 27 $ 16
Terminals | Lease Income [Member]    
Disaggregation of Revenue [Line Items]    
Revenues $ 12  
v3.25.1
Revenue (Contract Balances with Customer) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Capitalized Contract Cost [Line Items]    
Accounts receivable from contracts with customers $ 965 $ 1,084
Contract liabilities 37 39
Additions 10  
Revenue recognized (12)  
Contract assets $ 300 $ 288
v3.25.1
Revenue - Remaining Performance Obligation (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Revenue, Remaining Performance Obligation, Amount $ 1,207  
Capitalized Contract Cost, Amortization 9 $ 8
Additions 10  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Revenue, Remaining Performance Obligation, Amount $ 285  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Year 2025  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 9 months  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Revenue, Remaining Performance Obligation, Amount $ 274  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Year 2026  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 1 year 9 months  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Revenue, Remaining Performance Obligation, Amount $ 181  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Year 2027  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 2 years 9 months  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Revenue, Remaining Performance Obligation, Amount $ 136  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Year 2028  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 3 years 9 months  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Revenue, Remaining Performance Obligation, Amount $ 91  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Year 2029  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 4 years 9 months  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2030-01-01    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Revenue, Remaining Performance Obligation, Amount $ 240  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 5 years 9 months  
v3.25.1
Equity (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Mar. 31, 2025
Sep. 30, 2024
Dec. 31, 2024
Schedule of Partners' Capital [Line Items]      
Foreign currency translation adjustment $ (6) $ (1)  
Actuarial gains related to pensions and other postretirement benefits 3 $ 3  
Total AOCI included in partners’ capital, net of tax $ (3)   $ 2
Common Units      
Schedule of Partners' Capital [Line Items]      
Limited Partners' Capital Account, Units Outstanding 107,863,687    
Common Units [Member]      
Schedule of Partners' Capital [Line Items]      
Limited Partners' Capital Account, Units Outstanding 136,327,654   136,228,535
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 | Common Units [Member]      
Schedule of Partners' Capital [Line Items]      
Limited Partners' Capital Account, Units Outstanding 28,463,967    
v3.25.1
Equity (Schedule of Common Units) (Details) - Common Units [Member]
 3 Months Ended
Mar. 31, 2025
shares
Class of Stock [Line Items]  
Number of common units at December 31, 2024 136,228,535
Phantom unit vesting 7,343
Number of common units at March 31, 2025 136,327,654
v3.25.1
Equity (Cash Distributions) (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended
May 20, 2025
Feb. 19, 2025
Mar. 31, 2025
Mar. 31, 2024
Distribution Made To Managing Member Or General Partner [Line Items]        
Per Unit Distribution (in dollars per unit)   $ 0.8865    
Total Cash Distribution   $ 121 $ 159 $ 91
General Partner        
Distribution Made To Managing Member Or General Partner [Line Items]        
Total Cash Distribution   $ 37    
Subsequent Event [Member]        
Distribution Made To Managing Member Or General Partner [Line Items]        
Per Unit Distribution (in dollars per unit) $ 0.8976      
Total Cash Distribution $ 122      
Subsequent Event [Member] | General Partner        
Distribution Made To Managing Member Or General Partner [Line Items]        
Total Cash Distribution $ 39      
v3.25.1
Segment Reporting (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Segment Reporting Information [Line Items]      
Revenues $ 5,179 $ 5,499  
Interest Expense, Operating and Nonoperating 121 63  
Depreciation, amortization and accretion 156 43  
Non-cash unit-based compensation expense 4 4  
Unrealized Gain (Loss) on Derivatives and Commodity Contracts (1) 13  
Loss on extinguishment of debt 2 0  
Other non-cash adjustments 11 9  
Adjusted EBITDA 458 242  
Income tax expense (benefit) (2) 7  
Loss on extinguishment of debt (2) 0  
Equity in earnings of unconsolidated affiliates (32) (2)  
Adjusted EBITDA related to unconsolidated affiliates 50 3  
Assets 14,342   $ 14,375
Cost of sales 4,526 5,015  
Operating expenses, excluding non-cash unit-based compensation 158 105  
General and administrative expense, excluding non-cash unit-based compensation 36 33  
Other [1] 1 104  
Intersegment Eliminations      
Segment Reporting Information [Line Items]      
Revenues (250) (266)  
Cost of sales (250) (266)  
Fuel Distribution      
Segment Reporting Information [Line Items]      
Adjusted EBITDA 220 218  
Assets $ 5,852   6,047
Segment Reporting Information, Description of Products and Services Our Fuel Distribution segment supplies motor fuel to independently-operated dealer stations, distributors, commission agents and other consumers. Also included in our Fuel Distribution segment is lease income from properties that we lease or sublease, as well as the Partnership’s credit card services, franchise royalties and retail operations in Hawaii and New Jersey.    
Fuel Distribution | Operating Segments      
Segment Reporting Information [Line Items]      
Revenues $ 4,916 5,466  
Cost of sales 4,555 5,049  
Operating expenses, excluding non-cash unit-based compensation 72 83  
General and administrative expense, excluding non-cash unit-based compensation 20 23  
Other [1] 49 93  
Fuel Distribution | Operating Segments | Revenues from external customers      
Segment Reporting Information [Line Items]      
Revenues 4,903 5,457  
Fuel Distribution | Operating Segments | Intersegment revenues      
Segment Reporting Information [Line Items]      
Revenues 13 9  
Pipeline Systems      
Segment Reporting Information [Line Items]      
Adjusted EBITDA 172 0  
Assets $ 6,181   6,213
Segment Reporting Information, Description of Products and Services Our Pipeline Systems segment includes an integrated pipeline and terminal network comprised of approximately 6,000 miles of refined product pipeline (including the pipeline of J.C. Nolan), approximately 6,000 miles of crude oil pipeline (including the pipeline of ET-S Permian), approximately 2,000 miles of ammonia pipeline and 67 terminals.    
Pipeline Systems | Operating Segments      
Segment Reporting Information [Line Items]      
Revenues $ 174 0  
Cost of sales 0 (1)  
Operating expenses, excluding non-cash unit-based compensation 44 1  
General and administrative expense, excluding non-cash unit-based compensation 9 3  
Other [1] (51) (3)  
Pipeline Systems | Operating Segments | Revenues from external customers      
Segment Reporting Information [Line Items]      
Revenues 173 0  
Pipeline Systems | Operating Segments | Intersegment revenues      
Segment Reporting Information [Line Items]      
Revenues 1 0  
Terminals      
Segment Reporting Information [Line Items]      
Adjusted EBITDA 66 24  
Assets $ 2,060   1,944
Segment Reporting Information, Description of Products and Services Our Terminals segment is composed of four transmix processing facilities and 56 refined product terminals (two in Europe, six in Hawaii and 48 in the continental United States).    
Terminals | Operating Segments      
Segment Reporting Information [Line Items]      
Revenues $ 339 299  
Cost of sales 221 233  
Operating expenses, excluding non-cash unit-based compensation 42 21  
General and administrative expense, excluding non-cash unit-based compensation 7 7  
Other [1] 3 14  
Terminals | Operating Segments | Revenues from external customers      
Segment Reporting Information [Line Items]      
Revenues 103 42  
Terminals | Operating Segments | Intersegment revenues      
Segment Reporting Information [Line Items]      
Revenues 236 $ 257  
Total Segment Assets      
Segment Reporting Information [Line Items]      
Assets 14,093   14,204
Other partnership assets      
Segment Reporting Information [Line Items]      
Assets $ 249   $ 171
[1] Other includes Adjusted EBITDA from unconsolidated affiliates, unrealized gains and losses on commodity derivatives, inventory valuation adjustments and other less significant items, as applicable.
v3.25.1
Net Income per Common Unit (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Earnings Per Share Basic [Line Items]    
NET INCOME $ 207 $ 230
Incentive distribution rights 39 36
Distributions on unvested phantom unit awards $ 2 $ 1
Net income per common unit:    
Basic $ 1.22 $ 2.29
Diluted $ 1.21 $ 2.26
Common Units [Member]    
Earnings Per Share Basic [Line Items]    
Common unitholders’ interest in net income $ 166 $ 193
Weighted average common units outstanding:    
Basic 136,267,512 84,424,748
Dilutive effect of unvested phantom unit awards 668,799 834,490
Diluted 136,936,311 85,259,238