Document
false--12-31Q3201900011611540P1YP5YP5Y
0001161154
2019-01-01
2019-09-30
0001161154
exch:XNYS
eto:A4.25SeniorNotesdueMarch152023Member
2019-01-01
2019-09-30
0001161154
exch:XNYS
eto:A5.5SeniorNotesdueJune12027Member
2019-01-01
2019-09-30
0001161154
exch:XNYS
eto:A7.50SeniorNotesDue2020Member
2019-01-01
2019-09-30
0001161154
exch:XNYS
eto:SeriesDPreferredUnitsMember
2019-01-01
2019-09-30
0001161154
exch:XNYS
eto:SeriesCPreferredUnitsMember
2019-01-01
2019-09-30
0001161154
exch:XNYS
eto:SeriesEPreferredUnitsMember
2019-01-01
2019-09-30
0001161154
exch:XNYS
eto:A5.875SeniorNotesdueJanuary152024Member
2019-01-01
2019-09-30
0001161154
2019-09-30
0001161154
2018-12-31
0001161154
2018-07-01
2018-09-30
0001161154
us-gaap:ProductAndServiceOtherMember
2018-07-01
2018-09-30
0001161154
2018-01-01
2018-09-30
0001161154
eto:RefinedProductsMember
2018-01-01
2018-09-30
0001161154
us-gaap:OilAndGasRefiningAndMarketingMember
2018-07-01
2018-09-30
0001161154
2019-07-01
2019-09-30
0001161154
us-gaap:OilAndGasMember
2018-01-01
2018-09-30
0001161154
us-gaap:NaturalGasMidstreamMember
2019-01-01
2019-09-30
0001161154
eto:RefinedProductsMember
2019-07-01
2019-09-30
0001161154
us-gaap:OilAndGasMember
2018-07-01
2018-09-30
0001161154
us-gaap:ProductAndServiceOtherMember
2019-01-01
2019-09-30
0001161154
eto:NGLsalesMember
2018-01-01
2018-09-30
0001161154
us-gaap:ProductAndServiceOtherMember
2019-07-01
2019-09-30
0001161154
us-gaap:OilAndGasMember
2019-07-01
2019-09-30
0001161154
us-gaap:OilAndGasMember
2019-01-01
2019-09-30
0001161154
eto:NGLsalesMember
2019-07-01
2019-09-30
0001161154
eto:RefinedProductsMember
2018-07-01
2018-09-30
0001161154
us-gaap:NaturalGasMidstreamMember
2019-07-01
2019-09-30
0001161154
eto:RefinedProductsMember
2019-01-01
2019-09-30
0001161154
us-gaap:OilAndGasRefiningAndMarketingMember
2018-01-01
2018-09-30
0001161154
us-gaap:OilAndGasRefiningAndMarketingMember
2019-07-01
2019-09-30
0001161154
us-gaap:OilAndGasRefiningAndMarketingMember
2019-01-01
2019-09-30
0001161154
us-gaap:ProductAndServiceOtherMember
2018-01-01
2018-09-30
0001161154
us-gaap:NaturalGasMidstreamMember
2018-01-01
2018-09-30
0001161154
eto:NGLsalesMember
2019-01-01
2019-09-30
0001161154
us-gaap:NaturalGasMidstreamMember
2018-07-01
2018-09-30
0001161154
eto:NGLsalesMember
2018-07-01
2018-09-30
0001161154
us-gaap:NoncontrollingInterestMember
2019-07-01
2019-09-30
0001161154
us-gaap:LimitedPartnerMember
2019-04-01
2019-06-30
0001161154
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-07-01
2019-09-30
0001161154
eto:PreferredUnitsMember
2019-07-01
2019-09-30
0001161154
us-gaap:LimitedPartnerMember
2019-03-31
0001161154
us-gaap:LimitedPartnerMember
2018-12-31
0001161154
us-gaap:NoncontrollingInterestMember
2019-03-31
0001161154
us-gaap:LimitedPartnerMember
2019-07-01
2019-09-30
0001161154
us-gaap:NoncontrollingInterestMember
2019-04-01
2019-06-30
0001161154
2019-04-01
2019-06-30
0001161154
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-01-01
2019-03-31
0001161154
eto:PreferredUnitsMember
2019-01-01
2019-03-31
0001161154
us-gaap:LimitedPartnerMember
2019-09-30
0001161154
us-gaap:NoncontrollingInterestMember
2019-01-01
2019-03-31
0001161154
2019-01-01
2019-03-31
0001161154
eto:PreferredUnitsMember
2019-04-01
2019-06-30
0001161154
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-04-01
2019-06-30
0001161154
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-09-30
0001161154
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-06-30
0001161154
us-gaap:LimitedPartnerMember
2019-01-01
2019-03-31
0001161154
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-03-31
0001161154
us-gaap:LimitedPartnerMember
2019-06-30
0001161154
eto:PreferredUnitsMember
2018-12-31
0001161154
eto:PreferredUnitsMember
2019-06-30
0001161154
eto:PreferredUnitsMember
2019-09-30
0001161154
us-gaap:NoncontrollingInterestMember
2019-09-30
0001161154
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-12-31
0001161154
us-gaap:NoncontrollingInterestMember
2018-12-31
0001161154
2019-03-31
0001161154
us-gaap:NoncontrollingInterestMember
2019-06-30
0001161154
eto:PreferredUnitsMember
2019-03-31
0001161154
2019-06-30
0001161154
eto:SeriesDPreferredUnitsMember
2018-01-01
2018-03-31
0001161154
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-07-01
2018-09-30
0001161154
us-gaap:NoncontrollingInterestMember
2018-07-01
2018-09-30
0001161154
2018-01-01
2018-03-31
0001161154
eto:SeriesAPreferredUnitsMember
2017-12-31
0001161154
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-04-01
2018-06-30
0001161154
eto:SeriesAPreferredUnitsMember
2018-01-01
2018-03-31
0001161154
eto:SeriesDPreferredUnitsMember
2018-07-01
2018-09-30
0001161154
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-01-01
2018-03-31
0001161154
us-gaap:NoncontrollingInterestMember
2018-01-01
2018-03-31
0001161154
eto:SunocoLPMember
eto:SeriesCPreferredUnitsMember
2018-01-01
2018-03-31
0001161154
eto:SeriesAPreferredUnitsMember
2018-04-01
2018-06-30
0001161154
eto:SeriesAPreferredUnitsMember
2018-07-01
2018-09-30
0001161154
2018-03-31
0001161154
eto:SeriesCPreferredUnitsMember
2018-04-01
2018-06-30
0001161154
us-gaap:NoncontrollingInterestMember
2018-03-31
0001161154
us-gaap:LimitedPartnerMember
2018-04-01
2018-06-30
0001161154
us-gaap:NoncontrollingInterestMember
2018-04-01
2018-06-30
0001161154
us-gaap:LimitedPartnerMember
2018-03-31
0001161154
eto:SeriesCPreferredUnitsMember
2018-01-01
2018-03-31
0001161154
2018-04-01
2018-06-30
0001161154
eto:SunocoLPMember
us-gaap:NoncontrollingInterestMember
2018-01-01
2018-03-31
0001161154
us-gaap:LimitedPartnerMember
2018-01-01
2018-03-31
0001161154
us-gaap:LimitedPartnerMember
2017-12-31
0001161154
eto:SeriesCPreferredUnitsMember
2018-06-30
0001161154
eto:SeriesCPreferredUnitsMember
2017-12-31
0001161154
eto:SeriesCPreferredUnitsMember
2018-07-01
2018-09-30
0001161154
us-gaap:LimitedPartnerMember
2018-07-01
2018-09-30
0001161154
eto:SeriesCPreferredUnitsMember
2018-03-31
0001161154
us-gaap:LimitedPartnerMember
2018-06-30
0001161154
eto:SeriesDPreferredUnitsMember
2018-03-31
0001161154
eto:SeriesCPreferredUnitsMember
2018-09-30
0001161154
us-gaap:LimitedPartnerMember
2018-09-30
0001161154
eto:SunocoLPMember
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-01-01
2018-03-31
0001161154
eto:SeriesAPreferredUnitsMember
2018-09-30
0001161154
eto:SeriesDPreferredUnitsMember
2018-04-01
2018-06-30
0001161154
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-09-30
0001161154
eto:SunocoLPMember
eto:SeriesAPreferredUnitsMember
2018-01-01
2018-03-31
0001161154
us-gaap:NoncontrollingInterestMember
2017-12-31
0001161154
eto:SeriesDPreferredUnitsMember
2018-09-30
0001161154
eto:SunocoLPMember
eto:SeriesDPreferredUnitsMember
2018-01-01
2018-03-31
0001161154
eto:SeriesDPreferredUnitsMember
2017-12-31
0001161154
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-03-31
0001161154
eto:SeriesAPreferredUnitsMember
2018-03-31
0001161154
us-gaap:NoncontrollingInterestMember
2018-06-30
0001161154
2018-06-30
0001161154
eto:SunocoLPMember
2018-01-01
2018-03-31
0001161154
2017-12-31
0001161154
us-gaap:NoncontrollingInterestMember
2018-09-30
0001161154
2018-09-30
0001161154
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2017-12-31
0001161154
eto:SeriesAPreferredUnitsMember
2018-06-30
0001161154
eto:SunocoLPMember
us-gaap:LimitedPartnerMember
2018-01-01
2018-03-31
0001161154
eto:SeriesDPreferredUnitsMember
2018-06-30
0001161154
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-06-30
0001161154
2019-01-01
0001161154
eto:LakeCharlesLNGMember
eto:ETEMergerMember
2018-10-01
2018-12-31
0001161154
eto:ETEMergerMember
us-gaap:GeneralPartnerMember
2018-10-01
2018-12-31
0001161154
eto:SunocoGPMember
eto:ETOMember
eto:ETEMergerMember
2018-10-01
2018-12-31
0001161154
eto:SunocoLPMember
eto:ETOMember
eto:ETEMergerMember
2018-10-01
2018-12-31
0001161154
eto:EnergyTransferLNGExportLLCETCrudeOilTerminalsLLCETCIllinoisLLCMember
eto:ETEMergerMember
2018-10-01
2018-12-31
0001161154
eto:LakeCharlesLNGMember
eto:ETOMember
eto:ETEMergerMember
2018-10-01
2018-12-31
0001161154
eto:USACMember
eto:ETOMember
eto:ETEMergerMember
2018-10-01
2018-12-31
0001161154
eto:SunocoLPMember
eto:ETEMergerMember
2018-10-01
2018-12-31
0001161154
us-gaap:AccountingStandardsUpdate201602Member
2019-01-01
0001161154
eto:USACMember
eto:ETEMergerMember
2018-10-01
2018-12-31
0001161154
eto:SunocoGPMember
eto:ETEMergerMember
2018-10-01
2018-12-31
0001161154
eto:ETEMergerMember
eto:IDRsMember
2018-10-01
2018-12-31
0001161154
eto:ETEMergerMember
2018-10-01
2018-12-31
0001161154
eto:A7ElevenMember
2018-01-01
2018-09-30
0001161154
eto:A7ElevenMember
2018-01-01
2018-01-22
0001161154
eto:A7ElevenMember
2019-07-01
2019-09-30
0001161154
eto:A7ElevenMember
2019-01-01
2019-09-30
0001161154
eto:A7ElevenMember
2018-07-01
2018-09-30
0001161154
eto:USACompressionPartnersLPMember
2019-01-01
2019-09-30
0001161154
eto:ETOMember
2019-01-01
2019-09-30
0001161154
eto:SunocoLPMember
2019-01-01
2019-09-30
0001161154
eto:RightOfWayMember
2019-01-01
2019-09-30
0001161154
us-gaap:OperatingSegmentsMember
2019-01-01
2019-09-30
0001161154
us-gaap:SalesRevenueSegmentMember
2019-01-01
2019-09-30
0001161154
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
eto:SwingSwapsIfercMember
eto:CommodityDerivativesNaturalGasMember
2019-09-30
0001161154
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
eto:ForwardSwapsMember
eto:CommodityDerivativesPowerMember
2019-09-30
0001161154
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FutureMember
eto:CommodityDerivativesRefinedProductsMember
2019-09-30
0001161154
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FutureMember
eto:CommodityDerivativesCrudeMember
2019-09-30
0001161154
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
2019-09-30
0001161154
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
eto:ForwardSwapsMember
eto:CommodityDerivativesPowerMember
2019-09-30
0001161154
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
eto:FixedSwapsFuturesMember
eto:CommodityDerivativesNaturalGasMember
2019-09-30
0001161154
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
eto:FixedSwapsFuturesMember
eto:CommodityDerivativesNaturalGasMember
2019-09-30
0001161154
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
eto:BasisSwapsIfercNymexMember
eto:CommodityDerivativesNaturalGasMember
2019-09-30
0001161154
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
eto:ForwardSwapsMember
eto:CommodityDerivativesNGLsMember
2019-09-30
0001161154
us-gaap:FairValueMeasurementsRecurringMember
eto:FixedSwapsFuturesMember
eto:CommodityDerivativesNaturalGasMember
2019-09-30
0001161154
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
2019-09-30
0001161154
us-gaap:FairValueMeasurementsRecurringMember
eto:ForwardSwapsMember
eto:CommodityDerivativesPowerMember
2019-09-30
0001161154
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
eto:SwingSwapsIfercMember
eto:CommodityDerivativesNaturalGasMember
2019-09-30
0001161154
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
eto:BasisSwapsIfercNymexMember
eto:CommodityDerivativesNaturalGasMember
2019-09-30
0001161154
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:CallOptionMember
eto:CommodityDerivativesPowerMember
2019-09-30
0001161154
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FutureMember
eto:CommodityDerivativesRefinedProductsMember
2019-09-30
0001161154
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FutureMember
eto:CommodityDerivativesPowerMember
2019-09-30
0001161154
us-gaap:FairValueMeasurementsRecurringMember
eto:BasisSwapsIfercNymexMember
eto:CommodityDerivativesNaturalGasMember
2019-09-30
0001161154
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
eto:ForwardPhysicalSwapsMember
eto:CommodityDerivativesNaturalGasMember
2019-09-30
0001161154
us-gaap:FairValueMeasurementsRecurringMember
2019-09-30
0001161154
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:CallOptionMember
eto:CommodityDerivativesPowerMember
2019-09-30
0001161154
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
eto:ForwardPhysicalSwapsMember
eto:CommodityDerivativesNaturalGasMember
2019-09-30
0001161154
us-gaap:FairValueMeasurementsRecurringMember
eto:ForwardSwapsMember
eto:CommodityDerivativesNGLsMember
2019-09-30
0001161154
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FutureMember
eto:CommodityDerivativesCrudeMember
2019-09-30
0001161154
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FutureMember
eto:CommodityDerivativesPowerMember
2019-09-30
0001161154
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FutureMember
eto:CommodityDerivativesCrudeMember
2019-09-30
0001161154
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FutureMember
eto:CommodityDerivativesPowerMember
2019-09-30
0001161154
us-gaap:FairValueMeasurementsRecurringMember
eto:ForwardPhysicalSwapsMember
eto:CommodityDerivativesNaturalGasMember
2019-09-30
0001161154
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
eto:ForwardSwapsMember
eto:CommodityDerivativesNGLsMember
2019-09-30
0001161154
us-gaap:FairValueMeasurementsRecurringMember
eto:SwingSwapsIfercMember
eto:CommodityDerivativesNaturalGasMember
2019-09-30
0001161154
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:CallOptionMember
eto:CommodityDerivativesPowerMember
2019-09-30
0001161154
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FutureMember
eto:CommodityDerivativesRefinedProductsMember
2019-09-30
0001161154
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FutureMember
eto:CommodityDerivativesPowerMember
2018-12-31
0001161154
us-gaap:FairValueMeasurementsRecurringMember
eto:ForwardPhysicalSwapsMember
eto:CommodityDerivativesNaturalGasMember
2018-12-31
0001161154
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FutureMember
eto:CommodityDerivativesPowerMember
2018-12-31
0001161154
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FutureMember
eto:CommodityDerivativesPowerMember
2018-12-31
0001161154
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
eto:SwingSwapsIfercMember
eto:CommodityDerivativesNaturalGasMember
2018-12-31
0001161154
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
2018-12-31
0001161154
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
2018-12-31
0001161154
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FutureMember
eto:CommodityDerivativesRefinedProductsMember
2018-12-31
0001161154
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
eto:ForwardSwapsMember
eto:CommodityDerivativesNGLsMember
2018-12-31
0001161154
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
eto:ForwardsSwapsMember
eto:CommodityDerivativesCrudeMember
2018-12-31
0001161154
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
eto:BasisSwapsIfercNymexMember
eto:CommodityDerivativesNaturalGasMember
2018-12-31
0001161154
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
eto:BasisSwapsIfercNymexMember
eto:CommodityDerivativesNaturalGasMember
2018-12-31
0001161154
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
eto:FixedSwapsFuturesMember
eto:CommodityDerivativesNaturalGasMember
2018-12-31
0001161154
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
eto:ForwardsSwapsMember
eto:CommodityDerivativesCrudeMember
2018-12-31
0001161154
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
eto:ForwardSwapsMember
eto:CommodityDerivativesPowerMember
2018-12-31
0001161154
us-gaap:FairValueMeasurementsRecurringMember
eto:SwingSwapsIfercMember
eto:CommodityDerivativesNaturalGasMember
2018-12-31
0001161154
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
eto:ForwardSwapsMember
eto:CommodityDerivativesNGLsMember
2018-12-31
0001161154
us-gaap:FairValueMeasurementsRecurringMember
eto:ForwardSwapsMember
eto:CommodityDerivativesNGLsMember
2018-12-31
0001161154
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:CallOptionMember
eto:CommodityDerivativesPowerMember
2018-12-31
0001161154
us-gaap:FairValueMeasurementsRecurringMember
eto:ForwardsSwapsMember
eto:CommodityDerivativesCrudeMember
2018-12-31
0001161154
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FutureMember
eto:CommodityDerivativesRefinedProductsMember
2018-12-31
0001161154
us-gaap:FairValueMeasurementsRecurringMember
eto:FixedSwapsFuturesMember
eto:CommodityDerivativesNaturalGasMember
2018-12-31
0001161154
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
eto:ForwardSwapsMember
eto:CommodityDerivativesPowerMember
2018-12-31
0001161154
us-gaap:FairValueMeasurementsRecurringMember
2018-12-31
0001161154
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:CallOptionMember
eto:CommodityDerivativesPowerMember
2018-12-31
0001161154
us-gaap:FairValueMeasurementsRecurringMember
eto:ForwardSwapsMember
eto:CommodityDerivativesPowerMember
2018-12-31
0001161154
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
eto:SwingSwapsIfercMember
eto:CommodityDerivativesNaturalGasMember
2018-12-31
0001161154
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:FutureMember
eto:CommodityDerivativesRefinedProductsMember
2018-12-31
0001161154
us-gaap:FairValueInputsLevel1Member
us-gaap:FairValueMeasurementsRecurringMember
eto:ForwardPhysicalSwapsMember
eto:CommodityDerivativesNaturalGasMember
2018-12-31
0001161154
us-gaap:FairValueMeasurementsRecurringMember
us-gaap:CallOptionMember
eto:CommodityDerivativesPowerMember
2018-12-31
0001161154
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
eto:FixedSwapsFuturesMember
eto:CommodityDerivativesNaturalGasMember
2018-12-31
0001161154
us-gaap:FairValueMeasurementsRecurringMember
eto:BasisSwapsIfercNymexMember
eto:CommodityDerivativesNaturalGasMember
2018-12-31
0001161154
us-gaap:FairValueInputsLevel2Member
us-gaap:FairValueMeasurementsRecurringMember
eto:ForwardPhysicalSwapsMember
eto:CommodityDerivativesNaturalGasMember
2018-12-31
0001161154
eto:ETOMember
eto:A4.95SeniorNotesdue2028Member
2019-09-30
0001161154
eto:SunocoLPMember
eto:SunocoLP1.5billionRevolvingCreditFacilitydueJuly2023Member
2019-09-30
0001161154
eto:ETOMember
eto:A4.25SeniorNotesdueMarch152023Member
2019-09-30
0001161154
eto:ETOMember
eto:A4.20SeniorNotesdue2023Member
2019-09-30
0001161154
eto:ETOMember
eto:A5.875SeniorNotesdueJanuary152024Member
2019-09-30
0001161154
eto:ETOMember
eto:A5.5SeniorNotesdueJune12027Member
2019-09-30
0001161154
eto:ETOMember
eto:A7.50SeniorNotesDue2020Member
2019-09-30
0001161154
eto:USACMember
2019-09-30
0001161154
eto:DakotaAccessLLCMember
eto:A3.625SeniorNotesdue2022Member
2019-09-30
0001161154
eto:ETOCreditFacilitydueDecember2022Member
2019-09-30
0001161154
eto:ETMember
2019-03-01
2019-03-31
0001161154
eto:DakotaAccessLLCMember
eto:A3.90SeniorNotesdue2024Member
2019-09-30
0001161154
eto:ETO364dayCreditFacilitydueNovember2019Member
2019-09-30
0001161154
eto:USACompressionPartnersLPMember
eto:USACCreditFacilitydue2023Member
2019-09-30
0001161154
eto:ETOMember
eto:A5.80SeniorNotesdue2038Member
2019-09-30
0001161154
eto:USACMember
eto:USACCreditFacilitydue2023Member
2019-09-30
0001161154
eto:USACMember
2019-03-01
2019-03-31
0001161154
eto:ETOMember
eto:ETOTermLoanMember
us-gaap:SubsequentEventMember
2019-10-31
0001161154
eto:SunocoLPMember
2019-03-01
2019-03-31
0001161154
eto:PanhandleMember
2019-06-01
2019-06-30
0001161154
2019-01-01
2019-01-31
0001161154
eto:DakotaAccessLLCMember
eto:A4.625SeniorNotesdue2029Member
2019-09-30
0001161154
eto:ETOMember
eto:A97SeniorNotesDueMarch152019Member
2019-01-31
0001161154
eto:PanhandleMember
eto:A8125SeniorNotesDueJune12019Member
2019-01-01
2019-01-31
0001161154
eto:PanhandleMember
eto:A8125SeniorNotesDueJune12019Member
2019-01-31
0001161154
eto:ETOMember
2019-03-01
2019-03-31
0001161154
eto:ETOMember
eto:A90SeniorNotesDueApril152019Member
2019-01-01
2019-01-31
0001161154
eto:ETOCreditFacilitydueDecember2022Member
eto:AccordionfeatureMember
2019-09-30
0001161154
eto:PanhandleMember
2019-06-30
0001161154
eto:SunocoLPMember
2019-09-30
0001161154
eto:ETOMember
eto:A97SeniorNotesDueMarch152019Member
2019-01-01
2019-01-31
0001161154
eto:ETOMember
eto:A90SeniorNotesDueApril152019Member
2019-01-31
0001161154
eto:DakotaAccessLLCMember
2019-01-01
2019-09-30
0001161154
eto:USACMember
eto:PreferredUnitsMember
2018-04-01
2018-04-30
0001161154
eto:USACMember
eto:PreferredUnitsMember
2018-04-02
0001161154
eto:ETOMember
2019-09-30
0001161154
eto:SeriesDPreferredUnitsMember
2019-03-31
0001161154
eto:SeriesEPreferredUnitsMember
2019-06-30
0001161154
eto:SeriesDPreferredUnitsMember
2019-07-01
2019-09-30
0001161154
eto:SeriesAPreferredUnitsMember
2019-01-01
2019-03-31
0001161154
eto:SeriesDPreferredUnitsMember
2019-04-01
2019-06-30
0001161154
eto:SeriesAPreferredUnitsMember
2019-04-01
2019-06-30
0001161154
eto:SeriesDPreferredUnitsMember
2019-01-01
2019-03-31
0001161154
eto:SeriesEPreferredUnitsMember
2019-01-01
2019-03-31
0001161154
eto:SeriesDPreferredUnitsMember
2019-06-30
0001161154
eto:SeriesBPreferredUnitsMember
2019-01-01
2019-03-31
0001161154
eto:SeriesAPreferredUnitsMember
2019-07-01
2019-09-30
0001161154
eto:SeriesAPreferredUnitsMember
2019-09-30
0001161154
eto:SeriesCPreferredUnitsMember
2019-01-01
2019-03-31
0001161154
eto:SeriesBPreferredUnitsMember
2019-04-01
2019-06-30
0001161154
eto:SeriesEPreferredUnitsMember
2019-04-01
2019-06-30
0001161154
eto:SeriesDPreferredUnitsMember
2019-09-30
0001161154
eto:SeriesCPreferredUnitsMember
2018-12-31
0001161154
eto:SeriesEPreferredUnitsMember
2019-07-01
2019-09-30
0001161154
eto:SeriesCPreferredUnitsMember
2019-06-30
0001161154
eto:SeriesCPreferredUnitsMember
2019-04-01
2019-06-30
0001161154
eto:SeriesBPreferredUnitsMember
2019-09-30
0001161154
eto:SeriesCPreferredUnitsMember
2019-07-01
2019-09-30
0001161154
eto:SeriesEPreferredUnitsMember
2019-03-31
0001161154
eto:SeriesBPreferredUnitsMember
2019-06-30
0001161154
eto:SeriesBPreferredUnitsMember
2018-12-31
0001161154
eto:SeriesAPreferredUnitsMember
2018-12-31
0001161154
eto:SeriesAPreferredUnitsMember
2019-06-30
0001161154
eto:SeriesBPreferredUnitsMember
2019-07-01
2019-09-30
0001161154
eto:SeriesBPreferredUnitsMember
2019-03-31
0001161154
eto:SeriesAPreferredUnitsMember
2019-03-31
0001161154
eto:SeriesEPreferredUnitsMember
2018-12-31
0001161154
eto:SeriesCPreferredUnitsMember
2019-03-31
0001161154
eto:SeriesEPreferredUnitsMember
2019-09-30
0001161154
eto:SeriesCPreferredUnitsMember
2019-09-30
0001161154
eto:SeriesDPreferredUnitsMember
2018-12-31
0001161154
2018-01-01
2018-12-31
0001161154
eto:SeriesBPreferredUnitsMember
2018-07-01
2018-09-30
0001161154
eto:SeriesCPreferredUnitsMember
2018-04-01
2018-06-30
0001161154
eto:SeriesAPreferredUnitsMember
2018-01-01
2018-03-31
0001161154
eto:SeriesDPreferredUnitsMember
2018-04-01
2018-06-30
0001161154
eto:SeriesBPreferredUnitsMember
2018-09-30
0001161154
eto:SeriesAPreferredUnitsMember
2018-07-01
2018-09-30
0001161154
eto:SeriesAPreferredUnitsMember
2018-04-01
2018-06-30
0001161154
eto:SeriesAPreferredUnitsMember
2018-03-31
0001161154
eto:SeriesDPreferredUnitsMember
2018-01-01
2018-03-31
0001161154
eto:SeriesDPreferredUnitsMember
2018-07-01
2018-09-30
0001161154
eto:SeriesBPreferredUnitsMember
2017-12-31
0001161154
eto:SeriesAPreferredUnitsMember
2018-06-30
0001161154
eto:SeriesCPreferredUnitsMember
2018-01-01
2018-03-31
0001161154
eto:SeriesBPreferredUnitsMember
2018-01-01
2018-03-31
0001161154
eto:SeriesBPreferredUnitsMember
2018-04-01
2018-06-30
0001161154
eto:SeriesCPreferredUnitsMember
2018-03-31
0001161154
eto:SeriesDPreferredUnitsMember
2017-12-31
0001161154
eto:SeriesCPreferredUnitsMember
2018-09-30
0001161154
eto:SeriesCPreferredUnitsMember
2018-07-01
2018-09-30
0001161154
eto:SeriesBPreferredUnitsMember
2018-03-31
0001161154
eto:SeriesDPreferredUnitsMember
2018-03-31
0001161154
eto:SeriesDPreferredUnitsMember
2018-06-30
0001161154
eto:SeriesCPreferredUnitsMember
2018-06-30
0001161154
eto:SeriesCPreferredUnitsMember
2017-12-31
0001161154
eto:SeriesDPreferredUnitsMember
2018-09-30
0001161154
eto:SeriesBPreferredUnitsMember
2018-06-30
0001161154
eto:SeriesAPreferredUnitsMember
2018-09-30
0001161154
eto:SeriesAPreferredUnitsMember
2017-12-31
0001161154
eto:SunocoLPMember
eto:EquityDistributionProgramMember
2019-01-01
2019-09-30
0001161154
eto:SunocoLPMember
eto:EquityDistributionProgramMember
2019-09-30
0001161154
eto:SeriesEPreferredUnitsMember
2019-04-01
2019-04-30
0001161154
eto:SeriesEPreferredUnitsMember
2019-04-30
0001161154
eto:USACMember
2019-01-01
2019-09-30
0001161154
eto:ClassMUnitsMember
2019-07-01
2019-07-31
0001161154
eto:ClassMUnitsMember
2019-07-01
0001161154
us-gaap:OverAllotmentOptionMember
eto:SeriesEPreferredUnitsMember
2019-04-30
0001161154
us-gaap:OverAllotmentOptionMember
eto:SeriesEPreferredUnitsMember
2019-04-01
2019-04-30
0001161154
eto:USACMember
eto:ClassBUnitsMember
2019-07-01
2019-07-31
0001161154
eto:USACMember
2019-07-01
2019-07-31
0001161154
eto:USACMember
2019-01-01
2019-03-31
0001161154
eto:USACMember
2019-07-01
2019-09-30
0001161154
eto:USACMember
2019-04-01
2019-06-30
0001161154
eto:USACMember
2018-10-01
2018-12-31
0001161154
eto:SunocoLPMember
2018-10-01
2018-12-31
0001161154
eto:SunocoLPMember
2019-07-01
2019-09-30
0001161154
eto:SunocoLPMember
2019-01-01
2019-03-31
0001161154
eto:SunocoLPMember
2019-04-01
2019-06-30
0001161154
eto:SeriesCPreferredUnitsMember
2018-10-01
2018-12-31
0001161154
eto:SeriesEPreferredUnitsMember
2019-04-01
2019-06-30
0001161154
eto:SeriesCPreferredUnitsMember
2019-07-01
2019-09-30
0001161154
eto:SeriesDPreferredUnitsMember
2019-04-01
2019-06-30
0001161154
eto:SeriesCPreferredUnitsMember
2019-01-01
2019-03-31
0001161154
eto:SeriesBPreferredUnitsMember
2019-07-01
2019-09-30
0001161154
eto:SeriesEPreferredUnitsMember
2019-01-01
2019-03-31
0001161154
eto:SeriesEPreferredUnitsMember
2018-10-01
2018-12-31
0001161154
eto:SeriesAPreferredUnitsMember
2019-01-01
2019-03-31
0001161154
eto:SeriesCPreferredUnitsMember
2019-04-01
2019-06-30
0001161154
eto:SeriesAPreferredUnitsMember
2018-10-01
2018-12-31
0001161154
eto:SeriesBPreferredUnitsMember
2019-04-01
2019-06-30
0001161154
eto:SeriesDPreferredUnitsMember
2019-01-01
2019-03-31
0001161154
eto:SeriesDPreferredUnitsMember
2019-07-01
2019-09-30
0001161154
eto:SeriesBPreferredUnitsMember
2018-10-01
2018-12-31
0001161154
eto:SeriesBPreferredUnitsMember
2019-01-01
2019-03-31
0001161154
eto:SeriesAPreferredUnitsMember
2019-07-01
2019-09-30
0001161154
eto:SeriesEPreferredUnitsMember
2019-07-01
2019-09-30
0001161154
eto:SeriesAPreferredUnitsMember
2019-04-01
2019-06-30
0001161154
eto:SeriesDPreferredUnitsMember
2018-10-01
2018-12-31
0001161154
eto:SPLPandMidValleyPipelineMember
2019-01-01
2019-09-30
0001161154
eto:SunocoInc.Member
2019-01-01
2019-09-30
0001161154
2018-02-01
2018-02-28
0001161154
eto:PESMember
2019-06-30
0001161154
eto:SunocoMember
2019-09-30
0001161154
eto:SPLPMember
2019-01-01
2019-09-30
0001161154
eto:FinalJudgementMember
2019-09-30
0001161154
eto:SunocoInc.Member
2019-09-30
0001161154
eto:SunocoInc.Member
2018-01-01
2018-09-30
0001161154
eto:SunocoInc.Member
2018-07-01
2018-09-30
0001161154
eto:CompensatoryDamagesMember
2019-09-30
0001161154
eto:DisgorgementMember
2019-09-30
0001161154
eto:RoverPipelineLLCMember
2019-01-01
2019-09-30
0001161154
eto:SunocoInc.Member
2019-07-01
2019-09-30
0001161154
eto:ExpenseReimbursementMember
2019-09-30
0001161154
eto:PESMember
2019-07-01
2019-09-30
0001161154
2019-09-30
0001161154
eto:SunocoLPMember
2018-01-01
2018-09-30
0001161154
eto:SunocoLPMember
2018-07-01
2018-09-30
0001161154
eto:SunocoLPMember
2018-12-31
0001161154
2021-12-31
2019-09-30
0001161154
2019-12-31
2019-09-30
0001161154
2022-12-31
2019-09-30
0001161154
2020-12-31
2019-09-30
0001161154
eto:OperatingLeasesMember
2019-01-01
2019-09-30
0001161154
eto:OperatingLeasesMember
2019-09-30
0001161154
eto:FinanceLeasesMember
2019-09-30
0001161154
srt:MaximumMember
2019-09-30
0001161154
us-gaap:RealEstateMember
2019-09-30
0001161154
srt:MaximumMember
us-gaap:EquipmentMember
2019-09-30
0001161154
us-gaap:OperatingExpenseMember
2019-07-01
2019-09-30
0001161154
eto:OtherRevenueMember
2019-07-01
2019-09-30
0001161154
us-gaap:OperatingExpenseMember
2019-01-01
2019-09-30
0001161154
eto:DepreciationAndAmortizationMember
2019-01-01
2019-09-30
0001161154
us-gaap:CostOfGoodsTotalMember
2019-01-01
2019-09-30
0001161154
eto:OtherRevenueMember
2019-01-01
2019-09-30
0001161154
eto:DepreciationAndAmortizationMember
2019-07-01
2019-09-30
0001161154
us-gaap:CostOfGoodsTotalMember
2019-07-01
2019-09-30
0001161154
us-gaap:SellingGeneralAndAdministrativeExpensesMember
2019-01-01
2019-09-30
0001161154
eto:FinanceLeasesMember
2019-01-01
2019-09-30
0001161154
us-gaap:SellingGeneralAndAdministrativeExpensesMember
2019-07-01
2019-09-30
0001161154
eto:FinanceLeasesMember
2019-07-01
2019-09-30
0001161154
srt:MinimumMember
us-gaap:EquipmentMember
2019-09-30
0001161154
srt:MinimumMember
2019-09-30
0001161154
eto:July2022Member
2019-01-01
2019-09-30
0001161154
eto:July2020Member
2019-09-30
0001161154
eto:July2019Member
2018-12-31
0001161154
eto:July2019Member
2019-09-30
0001161154
eto:March2019Member
2019-01-01
2019-09-30
0001161154
eto:July2020Member
2019-01-01
2019-09-30
0001161154
eto:July2020Member
2018-12-31
0001161154
eto:July2021Member
2019-09-30
0001161154
eto:July2022Member
2019-09-30
0001161154
eto:July2022Member
2018-12-31
0001161154
eto:July2021Member
2019-01-01
2019-09-30
0001161154
eto:July2019Member
2019-01-01
2019-09-30
0001161154
eto:March2019Member
2019-09-30
0001161154
eto:July2021Member
2018-12-31
0001161154
eto:March2019Member
2018-12-31
0001161154
eto:CommodityDerivativesMember
2018-07-01
2018-09-30
0001161154
eto:CommodityDerivativesMember
2018-01-01
2018-09-30
0001161154
eto:CommodityDerivativesMember
2019-01-01
2019-09-30
0001161154
eto:CommodityDerivativesMember
2019-07-01
2019-09-30
0001161154
eto:NaturalGasMember
us-gaap:PutOptionMember
eto:MarkToMarketDerivativesMember
us-gaap:LongMember
eto:TradingMember
2018-12-31
0001161154
eto:PowerMember
us-gaap:FutureMember
eto:MarkToMarketDerivativesMember
us-gaap:LongMember
eto:TradingMember
2019-09-30
0001161154
eto:NaturalGasMember
eto:BasisSwapsIfercNymexMember
us-gaap:FairValueHedgingMember
us-gaap:ShortMember
eto:NonTradingMember
2019-09-30
0001161154
eto:NaturalGasMember
eto:BasisSwapsIfercNymexMember
eto:MarkToMarketDerivativesMember
us-gaap:LongMember
eto:TradingMember
2019-09-30
0001161154
eto:NaturalGasMember
eto:FixedSwapsFuturesMember
us-gaap:FairValueHedgingMember
us-gaap:ShortMember
eto:NonTradingMember
2019-09-30
0001161154
eto:RefinedProductsMember
us-gaap:FutureMember
eto:MarkToMarketDerivativesMember
us-gaap:ShortMember
eto:NonTradingMember
2019-09-30
0001161154
eto:NaturalGasMember
eto:BasisSwapsIfercNymexMember
eto:MarkToMarketDerivativesMember
us-gaap:ShortMember
eto:NonTradingMember
2018-12-31
0001161154
eto:NaturalGasMember
eto:BasisSwapsIfercNymexMember
eto:MarkToMarketDerivativesMember
us-gaap:ShortMember
eto:NonTradingMember
2019-09-30
0001161154
eto:NaturalGasMember
eto:SwingSwapsIfercMember
eto:MarkToMarketDerivativesMember
us-gaap:LongMember
eto:NonTradingMember
2018-12-31
0001161154
eto:NaturalGasMember
eto:FixedSwapsFuturesMember
eto:MarkToMarketDerivativesMember
us-gaap:ShortMember
eto:NonTradingMember
2018-12-31
0001161154
eto:NaturalGasMember
eto:FixedSwapsFuturesMember
eto:MarkToMarketDerivativesMember
us-gaap:LongMember
eto:TradingMember
2019-09-30
0001161154
eto:NaturalGasMember
eto:HedgedItemInventoryMmbtuMember
us-gaap:FairValueHedgingMember
us-gaap:LongMember
eto:NonTradingMember
2018-12-31
0001161154
eto:PowerMember
eto:OptionsPutsMember
eto:MarkToMarketDerivativesMember
us-gaap:LongMember
eto:TradingMember
2019-09-30
0001161154
eto:NaturalGasMember
eto:HedgedItemInventoryMmbtuMember
us-gaap:FairValueHedgingMember
us-gaap:LongMember
eto:NonTradingMember
2019-09-30
0001161154
eto:RefinedProductsMember
us-gaap:FutureMember
eto:MarkToMarketDerivativesMember
us-gaap:ShortMember
eto:NonTradingMember
2018-12-31
0001161154
eto:NaturalGasLiquidsMember
eto:ForwardsSwapsMember
eto:MarkToMarketDerivativesMember
us-gaap:ShortMember
eto:NonTradingMember
2018-12-31
0001161154
eto:NaturalGasMember
eto:OptionsPutsMember
eto:MarkToMarketDerivativesMember
us-gaap:LongMember
eto:TradingMember
2019-09-30
0001161154
eto:NaturalGasLiquidsMember
eto:ForwardsSwapsMember
eto:MarkToMarketDerivativesMember
us-gaap:ShortMember
eto:NonTradingMember
2019-09-30
0001161154
eto:PowerMember
eto:ForwardsSwapsMember
eto:MarkToMarketDerivativesMember
us-gaap:LongMember
eto:TradingMember
2018-12-31
0001161154
eto:NaturalGasMember
eto:FixedSwapsFuturesMember
eto:MarkToMarketDerivativesMember
us-gaap:LongMember
eto:NonTradingMember
2019-09-30
0001161154
eto:NaturalGasMember
eto:SwingSwapsIfercMember
eto:MarkToMarketDerivativesMember
us-gaap:LongMember
eto:NonTradingMember
2019-09-30
0001161154
eto:CornMember
us-gaap:FutureMember
eto:MarkToMarketDerivativesMember
us-gaap:ShortMember
eto:NonTradingMember
2018-12-31
0001161154
eto:NaturalGasMember
eto:BasisSwapsIfercNymexMember
eto:MarkToMarketDerivativesMember
us-gaap:LongMember
eto:TradingMember
2018-12-31
0001161154
eto:NaturalGasMember
eto:ForwardPhysicalContractsMember
eto:MarkToMarketDerivativesMember
us-gaap:ShortMember
eto:NonTradingMember
2018-12-31
0001161154
srt:CrudeOilMember
eto:ForwardsSwapsMember
eto:MarkToMarketDerivativesMember
us-gaap:LongMember
eto:NonTradingMember
2019-09-30
0001161154
eto:NaturalGasMember
eto:BasisSwapsIfercNymexMember
us-gaap:FairValueHedgingMember
us-gaap:ShortMember
eto:NonTradingMember
2018-12-31
0001161154
srt:CrudeOilMember
eto:ForwardsSwapsMember
eto:MarkToMarketDerivativesMember
us-gaap:LongMember
eto:NonTradingMember
2018-12-31
0001161154
eto:NaturalGasMember
eto:ForwardPhysicalContractsMember
eto:MarkToMarketDerivativesMember
us-gaap:ShortMember
eto:NonTradingMember
2019-09-30
0001161154
eto:PowerMember
us-gaap:CallOptionMember
eto:MarkToMarketDerivativesMember
us-gaap:ShortMember
eto:TradingMember
2019-09-30
0001161154
eto:PowerMember
eto:ForwardsSwapsMember
eto:MarkToMarketDerivativesMember
us-gaap:LongMember
eto:TradingMember
2019-09-30
0001161154
eto:NaturalGasMember
eto:FixedSwapsFuturesMember
eto:MarkToMarketDerivativesMember
us-gaap:LongMember
eto:TradingMember
2018-12-31
0001161154
eto:PowerMember
us-gaap:PutOptionMember
eto:MarkToMarketDerivativesMember
us-gaap:LongMember
eto:TradingMember
2018-12-31
0001161154
eto:NaturalGasMember
eto:FixedSwapsFuturesMember
us-gaap:FairValueHedgingMember
us-gaap:ShortMember
eto:NonTradingMember
2018-12-31
0001161154
us-gaap:FutureMember
eto:MarkToMarketDerivativesMember
us-gaap:ShortMember
eto:NonTradingMember
2019-09-30
0001161154
eto:PowerMember
us-gaap:FutureMember
eto:MarkToMarketDerivativesMember
us-gaap:LongMember
eto:TradingMember
2018-12-31
0001161154
eto:PowerMember
us-gaap:CallOptionMember
eto:MarkToMarketDerivativesMember
us-gaap:LongMember
eto:TradingMember
2018-12-31
0001161154
eto:CommodityDerivativesMarginDepositsMember
us-gaap:NondesignatedMember
2019-09-30
0001161154
eto:CommodityDerivativesMember
us-gaap:NondesignatedMember
2018-12-31
0001161154
eto:InterestRateDerivativesMember
us-gaap:NondesignatedMember
2018-12-31
0001161154
eto:CommodityDerivativesMarginDepositsMember
us-gaap:NondesignatedMember
2018-12-31
0001161154
eto:CommodityDerivativesMarginDepositsMember
us-gaap:DesignatedAsHedgingInstrumentMember
2019-09-30
0001161154
eto:CommodityDerivativesMarginDepositsMember
us-gaap:DesignatedAsHedgingInstrumentMember
2018-12-31
0001161154
eto:InterestRateDerivativesMember
us-gaap:NondesignatedMember
2019-09-30
0001161154
us-gaap:NondesignatedMember
2019-09-30
0001161154
us-gaap:NondesignatedMember
2018-12-31
0001161154
eto:CommodityDerivativesMember
us-gaap:NondesignatedMember
2019-09-30
0001161154
eto:BrokerClearedDerivativeContractsMember
2019-09-30
0001161154
eto:OTCContractsMember
2018-12-31
0001161154
eto:WithoutoffsettingagreementsMember
2019-09-30
0001161154
eto:WithoutoffsettingagreementsMember
2018-12-31
0001161154
eto:BrokerClearedDerivativeContractsMember
2018-12-31
0001161154
eto:OTCContractsMember
2019-09-30
0001161154
eto:CommodityDerivativesTradingMember
2018-07-01
2018-09-30
0001161154
eto:CommodityDerivativesTradingMember
2019-07-01
2019-09-30
0001161154
eto:CommodityDerivativesTradingMember
2018-01-01
2018-09-30
0001161154
eto:CommodityDerivativesTradingMember
2019-01-01
2019-09-30
0001161154
2018-10-31
0001161154
eto:ETMember
2019-09-30
0001161154
eto:ETETOPromissoryNotesMember
2019-01-01
2019-09-30
0001161154
eto:ETETOPromissoryNoteAMember
eto:ETMember
2019-09-30
0001161154
eto:ETETOPromissoryNoteBMember
eto:ETMember
2019-09-30
0001161154
eto:ETETOPromissoryNoteAMember
eto:ETMember
2018-12-31
0001161154
eto:ETETOPromissoryNotesMember
2019-07-01
2019-09-30
0001161154
eto:OtherRelatedPartiesMember
2018-12-31
0001161154
eto:FgtMember
2018-12-31
0001161154
eto:TraverseMember
2018-12-31
0001161154
eto:OtherRelatedPartiesMember
2019-09-30
0001161154
eto:FgtMember
2019-09-30
0001161154
eto:Phillips66CompanyMember
2018-12-31
0001161154
eto:TraverseMember
2019-09-30
0001161154
eto:ETMember
2018-12-31
0001161154
eto:Phillips66CompanyMember
2019-09-30
0001161154
eto:ETMember
2019-09-30
0001161154
eto:ExternalCustomersMember
eto:NGLandrefinedproductstransportationandservicesMember
2019-07-01
2019-09-30
0001161154
eto:IntersegmentMember
us-gaap:AllOtherSegmentsMember
2018-01-01
2018-09-30
0001161154
eto:IntrastateTransportationAndStorageMember
2018-01-01
2018-09-30
0001161154
eto:ExternalCustomersMember
eto:InterstateTransportationAndStorageMember
2019-01-01
2019-09-30
0001161154
eto:IntersegmentMember
eto:CrudeoiltransportationandservicesMember
2019-07-01
2019-09-30
0001161154
us-gaap:IntersegmentEliminationMember
2018-07-01
2018-09-30
0001161154
eto:ExternalCustomersMember
eto:InvestmentInUSACMember
2018-01-01
2018-09-30
0001161154
eto:MidstreamMember
2018-01-01
2018-09-30
0001161154
eto:IntersegmentMember
eto:InvestmentInSunocoLPMember
2019-01-01
2019-09-30
0001161154
eto:InvestmentInSunocoLPMember
2018-07-01
2018-09-30
0001161154
eto:IntersegmentMember
eto:InvestmentInUSACMember
2019-07-01
2019-09-30
0001161154
eto:ExternalCustomersMember
eto:CrudeoiltransportationandservicesMember
2019-01-01
2019-09-30
0001161154
eto:ExternalCustomersMember
eto:MidstreamMember
2018-07-01
2018-09-30
0001161154
eto:InvestmentInUSACMember
2019-07-01
2019-09-30
0001161154
eto:IntersegmentMember
us-gaap:AllOtherSegmentsMember
2019-07-01
2019-09-30
0001161154
eto:InterstateTransportationAndStorageMember
2019-01-01
2019-09-30
0001161154
eto:ExternalCustomersMember
eto:CrudeoiltransportationandservicesMember
2019-07-01
2019-09-30
0001161154
eto:ExternalCustomersMember
eto:NGLandrefinedproductstransportationandservicesMember
2018-07-01
2018-09-30
0001161154
eto:IntersegmentMember
eto:IntrastateTransportationAndStorageMember
2019-07-01
2019-09-30
0001161154
eto:IntersegmentMember
eto:NGLandrefinedproductstransportationandservicesMember
2019-07-01
2019-09-30
0001161154
eto:InvestmentInUSACMember
2018-01-01
2018-09-30
0001161154
eto:InvestmentInUSACMember
2018-07-01
2018-09-30
0001161154
eto:InterstateTransportationAndStorageMember
2019-07-01
2019-09-30
0001161154
eto:CrudeoiltransportationandservicesMember
2018-07-01
2018-09-30
0001161154
us-gaap:AllOtherSegmentsMember
2019-07-01
2019-09-30
0001161154
eto:ExternalCustomersMember
eto:CrudeoiltransportationandservicesMember
2018-01-01
2018-09-30
0001161154
eto:IntersegmentMember
eto:InterstateTransportationAndStorageMember
2019-07-01
2019-09-30
0001161154
eto:IntersegmentMember
eto:MidstreamMember
2018-01-01
2018-09-30
0001161154
us-gaap:IntersegmentEliminationMember
2018-01-01
2018-09-30
0001161154
eto:IntersegmentMember
eto:InvestmentInUSACMember
2018-01-01
2018-09-30
0001161154
eto:IntrastateTransportationAndStorageMember
2019-01-01
2019-09-30
0001161154
eto:IntersegmentMember
eto:CrudeoiltransportationandservicesMember
2018-01-01
2018-09-30
0001161154
eto:CrudeoiltransportationandservicesMember
2019-01-01
2019-09-30
0001161154
eto:ExternalCustomersMember
eto:IntrastateTransportationAndStorageMember
2019-01-01
2019-09-30
0001161154
eto:IntersegmentMember
us-gaap:AllOtherSegmentsMember
2019-01-01
2019-09-30
0001161154
eto:NGLandrefinedproductstransportationandservicesMember
2018-07-01
2018-09-30
0001161154
eto:CrudeoiltransportationandservicesMember
2018-01-01
2018-09-30
0001161154
eto:ExternalCustomersMember
eto:InvestmentInSunocoLPMember
2019-07-01
2019-09-30
0001161154
eto:ExternalCustomersMember
eto:MidstreamMember
2018-01-01
2018-09-30
0001161154
eto:ExternalCustomersMember
eto:InterstateTransportationAndStorageMember
2019-07-01
2019-09-30
0001161154
eto:IntersegmentMember
eto:InvestmentInUSACMember
2018-07-01
2018-09-30
0001161154
eto:IntersegmentMember
us-gaap:AllOtherSegmentsMember
2018-07-01
2018-09-30
0001161154
eto:ExternalCustomersMember
eto:InvestmentInSunocoLPMember
2018-07-01
2018-09-30
0001161154
eto:ExternalCustomersMember
eto:IntrastateTransportationAndStorageMember
2018-01-01
2018-09-30
0001161154
eto:ExternalCustomersMember
us-gaap:AllOtherSegmentsMember
2018-07-01
2018-09-30
0001161154
eto:IntrastateTransportationAndStorageMember
2019-07-01
2019-09-30
0001161154
us-gaap:IntersegmentEliminationMember
2019-07-01
2019-09-30
0001161154
eto:MidstreamMember
2019-07-01
2019-09-30
0001161154
eto:IntersegmentMember
eto:IntrastateTransportationAndStorageMember
2019-01-01
2019-09-30
0001161154
eto:NGLandrefinedproductstransportationandservicesMember
2019-07-01
2019-09-30
0001161154
eto:ExternalCustomersMember
us-gaap:AllOtherSegmentsMember
2018-01-01
2018-09-30
0001161154
eto:ExternalCustomersMember
eto:InvestmentInUSACMember
2019-01-01
2019-09-30
0001161154
eto:ExternalCustomersMember
eto:InvestmentInUSACMember
2019-07-01
2019-09-30
0001161154
eto:IntersegmentMember
eto:InvestmentInSunocoLPMember
2018-01-01
2018-09-30
0001161154
eto:MidstreamMember
2018-07-01
2018-09-30
0001161154
eto:ExternalCustomersMember
eto:InvestmentInSunocoLPMember
2019-01-01
2019-09-30
0001161154
eto:IntersegmentMember
eto:NGLandrefinedproductstransportationandservicesMember
2018-07-01
2018-09-30
0001161154
eto:InvestmentInUSACMember
2019-01-01
2019-09-30
0001161154
eto:IntersegmentMember
eto:IntrastateTransportationAndStorageMember
2018-01-01
2018-09-30
0001161154
eto:ExternalCustomersMember
eto:NGLandrefinedproductstransportationandservicesMember
2019-01-01
2019-09-30
0001161154
eto:ExternalCustomersMember
eto:MidstreamMember
2019-01-01
2019-09-30
0001161154
eto:IntersegmentMember
eto:NGLandrefinedproductstransportationandservicesMember
2018-01-01
2018-09-30
0001161154
eto:ExternalCustomersMember
us-gaap:AllOtherSegmentsMember
2019-07-01
2019-09-30
0001161154
eto:ExternalCustomersMember
eto:InvestmentInUSACMember
2018-07-01
2018-09-30
0001161154
eto:MidstreamMember
2019-01-01
2019-09-30
0001161154
eto:ExternalCustomersMember
eto:IntrastateTransportationAndStorageMember
2019-07-01
2019-09-30
0001161154
eto:IntersegmentMember
eto:InvestmentInSunocoLPMember
2018-07-01
2018-09-30
0001161154
eto:CrudeoiltransportationandservicesMember
2019-07-01
2019-09-30
0001161154
eto:ExternalCustomersMember
eto:NGLandrefinedproductstransportationandservicesMember
2018-01-01
2018-09-30
0001161154
eto:IntersegmentMember
eto:MidstreamMember
2018-07-01
2018-09-30
0001161154
us-gaap:AllOtherSegmentsMember
2019-01-01
2019-09-30
0001161154
eto:NGLandrefinedproductstransportationandservicesMember
2018-01-01
2018-09-30
0001161154
eto:InvestmentInSunocoLPMember
2019-07-01
2019-09-30
0001161154
eto:IntrastateTransportationAndStorageMember
2018-07-01
2018-09-30
0001161154
eto:IntersegmentMember
eto:CrudeoiltransportationandservicesMember
2019-01-01
2019-09-30
0001161154
eto:IntersegmentMember
eto:InvestmentInUSACMember
2019-01-01
2019-09-30
0001161154
eto:IntersegmentMember
eto:InvestmentInSunocoLPMember
2019-07-01
2019-09-30
0001161154
eto:IntersegmentMember
eto:CrudeoiltransportationandservicesMember
2018-07-01
2018-09-30
0001161154
eto:IntersegmentMember
eto:InterstateTransportationAndStorageMember
2018-07-01
2018-09-30
0001161154
eto:IntersegmentMember
eto:MidstreamMember
2019-07-01
2019-09-30
0001161154
eto:IntersegmentMember
eto:InterstateTransportationAndStorageMember
2019-01-01
2019-09-30
0001161154
us-gaap:AllOtherSegmentsMember
2018-01-01
2018-09-30
0001161154
eto:IntersegmentMember
eto:InterstateTransportationAndStorageMember
2018-01-01
2018-09-30
0001161154
eto:ExternalCustomersMember
us-gaap:AllOtherSegmentsMember
2019-01-01
2019-09-30
0001161154
eto:ExternalCustomersMember
eto:InterstateTransportationAndStorageMember
2018-01-01
2018-09-30
0001161154
eto:InvestmentInSunocoLPMember
2018-01-01
2018-09-30
0001161154
eto:InterstateTransportationAndStorageMember
2018-07-01
2018-09-30
0001161154
eto:InvestmentInSunocoLPMember
2019-01-01
2019-09-30
0001161154
eto:IntersegmentMember
eto:IntrastateTransportationAndStorageMember
2018-07-01
2018-09-30
0001161154
us-gaap:AllOtherSegmentsMember
2018-07-01
2018-09-30
0001161154
eto:ExternalCustomersMember
eto:IntrastateTransportationAndStorageMember
2018-07-01
2018-09-30
0001161154
eto:IntersegmentMember
eto:NGLandrefinedproductstransportationandservicesMember
2019-01-01
2019-09-30
0001161154
eto:NGLandrefinedproductstransportationandservicesMember
2019-01-01
2019-09-30
0001161154
eto:ExternalCustomersMember
eto:InterstateTransportationAndStorageMember
2018-07-01
2018-09-30
0001161154
us-gaap:IntersegmentEliminationMember
2019-01-01
2019-09-30
0001161154
eto:ExternalCustomersMember
eto:InvestmentInSunocoLPMember
2018-01-01
2018-09-30
0001161154
eto:ExternalCustomersMember
eto:MidstreamMember
2019-07-01
2019-09-30
0001161154
eto:IntersegmentMember
eto:MidstreamMember
2019-01-01
2019-09-30
0001161154
eto:InterstateTransportationAndStorageMember
2018-01-01
2018-09-30
0001161154
eto:ExternalCustomersMember
eto:CrudeoiltransportationandservicesMember
2018-07-01
2018-09-30
0001161154
eto:AdjustmentsAndEliminationsMember
2019-01-01
2019-09-30
0001161154
srt:SubsidiaryIssuerMember
2019-01-01
2019-09-30
0001161154
eto:ParentGuarantorMember
2019-01-01
2019-09-30
0001161154
srt:NonGuarantorSubsidiariesMember
2019-01-01
2019-09-30
0001161154
srt:NonGuarantorSubsidiariesMember
2018-01-01
2018-09-30
0001161154
srt:SubsidiaryIssuerMember
2018-01-01
2018-09-30
0001161154
eto:ParentGuarantorMember
2018-01-01
2018-09-30
0001161154
srt:SubsidiaryIssuerMember
2017-12-31
0001161154
eto:AdjustmentsAndEliminationsMember
2018-01-01
2018-09-30
0001161154
srt:NonGuarantorSubsidiariesMember
2018-09-30
0001161154
srt:NonGuarantorSubsidiariesMember
2017-12-31
0001161154
srt:SubsidiaryIssuerMember
2018-09-30
0001161154
eto:AdjustmentsAndEliminationsMember
2018-09-30
0001161154
eto:ParentGuarantorMember
2018-09-30
0001161154
eto:AdjustmentsAndEliminationsMember
2017-12-31
0001161154
eto:ParentGuarantorMember
2017-12-31
0001161154
srt:SubsidiaryIssuerMember
2019-09-30
0001161154
eto:AdjustmentsAndEliminationsMember
2019-09-30
0001161154
eto:ParentGuarantorMember
2019-09-30
0001161154
srt:NonGuarantorSubsidiariesMember
2019-09-30
0001161154
eto:ParentGuarantorMember
2018-07-01
2018-09-30
0001161154
srt:NonGuarantorSubsidiariesMember
2018-07-01
2018-09-30
0001161154
srt:SubsidiaryIssuerMember
2018-07-01
2018-09-30
0001161154
eto:AdjustmentsAndEliminationsMember
2018-07-01
2018-09-30
0001161154
eto:ParentGuarantorMember
2018-12-31
0001161154
srt:NonGuarantorSubsidiariesMember
2018-12-31
0001161154
srt:SubsidiaryIssuerMember
2018-12-31
0001161154
eto:AdjustmentsAndEliminationsMember
2018-12-31
0001161154
srt:SubsidiaryIssuerMember
2019-07-01
2019-09-30
0001161154
srt:NonGuarantorSubsidiariesMember
2019-07-01
2019-09-30
0001161154
eto:AdjustmentsAndEliminationsMember
2019-07-01
2019-09-30
0001161154
eto:ParentGuarantorMember
2019-07-01
2019-09-30
xbrli:pure
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
eto:barrels
eto:Megawatt
eto:MMbtu
eto:bbl
eto:bushels
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
|
| |
☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the quarterly period ended September 30, 2019
or |
| |
☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Commission file number 1-31219
Energy Transfer Operating, L.P.
(Exact name of registrant as specified in its charter)
|
| | |
Delaware | | 73-1493906 |
(State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification No.) |
8111 Westchester Drive, Suite 600, Dallas, Texas 75225
(Address of principal executive offices) (zip code)
Registrant’s telephone number, including area code: (214) 981-0700
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý No ¨
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ý No ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
|
| | | | | | |
Large accelerated filer | | ý | | Accelerated filer | | ☐ |
Non-accelerated filer | | ¨ | | Smaller reporting company | | ☐ |
| | | | Emerging growth company | | ☐ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ý
Securities registered pursuant to Section 12(b) of the Act:
|
| | | | |
Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
7.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units | | ETPprC | | New York Stock Exchange |
7.625% Series D Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units | | ETPprD | | New York Stock Exchange |
7.600% Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units | | ETPprE | | New York Stock Exchange |
7.500% Senior Notes due 2020 | | ETP 20 | | New York Stock Exchange |
4.250% Senior Notes due 2023 | | ETP 23 | | New York Stock Exchange |
5.875% Senior Notes due 2024 | | ETP 24 | | New York Stock Exchange |
5.500% Senior Notes due 2027 | | ETP 27 | | New York Stock Exchange |
FORM 10-Q
ENERGY TRANSFER OPERATING, L.P. AND SUBSIDIARIES
TABLE OF CONTENTS
Forward-Looking Statements
Certain matters discussed in this report, excluding historical information, as well as some statements by Energy Transfer Operating, L.P. (the “Partnership” or “ETO”) in periodic press releases and some oral statements of the Partnership’s officials during presentations about the Partnership, include forward-looking statements. These forward-looking statements are identified as any statement that does not relate strictly to historical or current facts. Statements using words such as “anticipate,” “believe,” “intend,” “project,” “plan,” “expect,” “continue,” “estimate,” “goal,” “forecast,” “may,” “will” or similar expressions help identify forward-looking statements. Although the Partnership and its General Partner believe such forward-looking statements are based on reasonable assumptions and current expectations and projections about future events, no assurance can be given that such assumptions, expectations, or projections will prove to be correct. Forward-looking statements are subject to a variety of risks, uncertainties and assumptions. If one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, the Partnership’s actual results may vary materially from those anticipated, projected or expected, forecasted, estimated or expressed in forward-looking statements since many of the factors that determine these results are subject to uncertainties and risks that are difficult to predict and beyond management’s control. For additional discussion of risks, uncertainties and assumptions, see “Part I – Item 1A. Risk Factors” in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2018 filed with the Securities and Exchange Commission on February 22, 2019.
Definitions
The following is a list of certain acronyms and terms generally used in the energy industry and throughout this document:
|
| | | |
| /d | | per day |
| | | |
| AmeriGas | | AmeriGas Partners, L.P. |
| | | |
| AOCI | | accumulated other comprehensive income (loss) |
| | | |
| BBtu | | billion British thermal units |
| | | |
| Btu | | British thermal unit, an energy measurement used by gas companies to convert the volume of gas used to its heat equivalent, and thus calculate the actual energy used |
| | | |
| CDM | | CDM Resource Management LLC and CDM Environmental & Technical Services LLC, collectively |
| | | |
| Citrus | | Citrus, LLC, which owns 100% of FGT |
| | | |
| DOJ | | United States Department of Justice |
| | | |
| EPA | | United States Environmental Protection Agency |
| | | |
| ET | | Energy Transfer LP, a publicly traded partnership and the owner of ETP LLC |
| | | |
| ETC Sunoco | | ETC Sunoco Holdings LLC (formerly Sunoco, Inc.) |
| | | |
| ETP GP | | Energy Transfer Partners GP, L.P., the general partner of ETO |
| | | |
| ETP LLC | | Energy Transfer Partners, L.L.C., the general partner of ETP GP |
| | |
| Exchange Act | | Securities Exchange Act of 1934 |
| | | |
| FEP | | Fayetteville Express Pipeline LLC |
| | | |
| FERC | | Federal Energy Regulatory Commission |
| | | |
| FGT | | Florida Gas Transmission Company, LLC |
| | | |
| GAAP | | accounting principles generally accepted in the United States of America |
| | | |
| IDRs | | incentive distribution rights |
| | | |
| Lake Charles LNG | | Lake Charles LNG Company, LLC (previously named Trunkline LNG Company, LLC) |
| | | |
| LIBOR | | London Interbank Offered Rate |
| | | |
| MBbls | | thousand barrels |
| | | |
| MEP | | Midcontinent Express Pipeline LLC |
| | | |
| MTBE | | methyl tertiary butyl ether |
| | | |
|
| | | |
| NGL | | natural gas liquid, such as propane, butane and natural gasoline |
| | | |
| NYMEX | | New York Mercantile Exchange |
| | | |
| OSHA | | federal Occupational Safety and Health Act |
| | | |
| OTC | | over-the-counter |
| | | |
| Panhandle | | Panhandle Eastern Pipe Line Company, LP and its subsidiaries |
| | | |
| PES | | Philadelphia Energy Solutions Refining and Marketing LLC |
| | | |
| Preferred Unitholders | | Unitholders of the Series A Preferred Units, Series B Preferred Units, Series C Preferred Units, Series D Preferred Units and Series E Preferred Units, collectively |
| | | |
| Regency | | Regency Energy Partners LP |
| | | |
| RIGS | | Regency Intrastate Gas System |
| | | |
| Rover | | Rover Pipeline LLC, a subsidiary of ETO |
| | | |
| SEC | | Securities and Exchange Commission |
| | | |
| SemGroup | | SemGroup Corporation |
| | | |
| Series A Preferred Units | | 6.250% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units |
| | | |
| Series B Preferred Units | | 6.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units |
| | | |
| Series C Preferred Units | | 7.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units |
| | | |
| Series D Preferred Units | | 7.625% Series D Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units |
| | | |
| Series E Preferred Units | | 7.600% Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units |
| | | |
| SPLP | | Sunoco Pipeline L.P. |
| | | |
| Sunoco R&M | | Sunoco (R&M), LLC (formerly Sunoco, Inc. (R&M)) |
| | | |
| Southwest Gas | | Pan Gas Storage LLC (d.b.a. Southwest Gas Storage Company) |
| | | |
| Transwestern | | Transwestern Pipeline Company, LLC |
| | | |
| Trunkline | | Trunkline Gas Company, LLC, a subsidiary of Panhandle |
| | | |
| UGI | | UGI Corporation |
| | | |
| USAC | | USA Compression Partners, LP |
| | | |
| USAC Preferred Units | | USAC Series A Preferred Units |
PART I – FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
ENERGY TRANSFER OPERATING, L.P. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollars in millions)
(unaudited)
|
| | | | | | | |
| September 30, 2019 | | December 31, 2018 |
ASSETS | | | |
Current assets: | | | |
Cash and cash equivalents | $ | 207 |
| | $ | 418 |
|
Accounts receivable, net | 4,368 |
| | 4,009 |
|
Accounts receivable from related companies | 224 |
| | 176 |
|
Inventories | 1,814 |
| | 1,677 |
|
Income taxes receivable | 109 |
| | 73 |
|
Derivative assets | 56 |
| | 111 |
|
Other current assets | 377 |
| | 356 |
|
Total current assets | 7,155 |
| | 6,820 |
|
| | | |
Property, plant and equipment | 83,537 |
| | 79,280 |
|
Accumulated depreciation and depletion | (14,667 | ) | | (12,625 | ) |
| 68,870 |
| | 66,655 |
|
| | | |
Advances to and investments in unconsolidated affiliates | 2,987 |
| | 2,636 |
|
Lease right-of-use assets, net | 889 |
| | — |
|
Other non-current assets, net | 1,089 |
| | 1,006 |
|
Notes receivable from related company | 3,606 |
| | 440 |
|
Intangible assets, net | 5,781 |
| | 6,000 |
|
Goodwill | 4,870 |
| | 4,885 |
|
Total assets | $ | 95,247 |
| | $ | 88,442 |
|
The accompanying notes are an integral part of these consolidated financial statements.
1
ENERGY TRANSFER OPERATING, L.P. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollars in millions)
(unaudited)
|
| | | | | | | |
| September 30, 2019 | | December 31, 2018 |
LIABILITIES AND EQUITY | | | |
Current liabilities: | | | |
Accounts payable | $ | 3,519 |
| | $ | 3,491 |
|
Accounts payable to related companies | 23 |
| | 119 |
|
Derivative liabilities | 181 |
| | 185 |
|
Operating lease current liabilities | 57 |
| | — |
|
Accrued and other current liabilities | 3,228 |
| | 2,847 |
|
Current maturities of long-term debt | 14 |
| | 2,655 |
|
Total current liabilities | 7,022 |
| | 9,297 |
|
| | | |
Long-term debt, less current maturities | 46,716 |
| | 37,853 |
|
Non-current derivative liabilities | 360 |
| | 104 |
|
Non-current operating lease liabilities | 807 |
| | — |
|
Deferred income taxes | 3,094 |
| | 2,884 |
|
Other non-current liabilities | 1,138 |
| | 1,184 |
|
| | | |
Commitments and contingencies |
| |
|
Redeemable noncontrolling interests | 499 |
| | 499 |
|
| | | |
Equity: | | | |
Limited Partners: | | | |
Preferred Unitholders | 3,151 |
| | 2,388 |
|
Common Unitholders | 24,526 |
| | 26,372 |
|
Accumulated other comprehensive loss | (40 | ) | | (42 | ) |
Total partners’ capital | 27,637 |
| | 28,718 |
|
Noncontrolling interests | 7,974 |
| | 7,903 |
|
Total equity | 35,611 |
| | 36,621 |
|
Total liabilities and equity | $ | 95,247 |
| | $ | 88,442 |
|
The accompanying notes are an integral part of these consolidated financial statements.
2
ENERGY TRANSFER OPERATING, L.P. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in millions)
(unaudited)
|
| | | | | | | | | | | | | | | |
| Three Months Ended September 30, | | Nine Months Ended September 30, |
| 2019 | | 2018 | | 2019 | | 2018 |
REVENUES: | | | | | | | |
Refined product sales | $ | 4,311 |
| | $ | 4,777 |
| | $ | 12,514 |
| | $ | 12,980 |
|
Crude sales | 3,971 |
| | 3,844 |
| | 11,842 |
| | 11,344 |
|
NGL sales | 1,723 |
| | 2,870 |
| | 6,121 |
| | 7,461 |
|
Gathering, transportation and other fees | 2,466 |
| | 1,781 |
| | 6,768 |
| | 4,878 |
|
Natural gas sales | 822 |
| | 1,026 |
| | 2,549 |
| | 3,112 |
|
Other | 202 |
| | 216 |
| | 699 |
| | 739 |
|
Total revenues | 13,495 |
| | 14,514 |
| | 40,493 |
| | 40,514 |
|
COSTS AND EXPENSES: | | | | | | | |
Cost of products sold | 9,890 |
| | 11,093 |
| | 29,607 |
| | 31,681 |
|
Operating expenses | 806 |
| | 784 |
| | 2,406 |
| | 2,280 |
|
Depreciation, depletion and amortization | 782 |
| | 747 |
| | 2,334 |
| | 2,100 |
|
Selling, general and administrative | 171 |
| | 175 |
| | 495 |
| | 495 |
|
Impairment losses | 12 |
| | — |
| | 62 |
| | — |
|
Total costs and expenses | 11,661 |
| | 12,799 |
| | 34,904 |
| | 36,556 |
|
OPERATING INCOME | 1,834 |
| | 1,715 |
| | 5,589 |
| | 3,958 |
|
OTHER INCOME (EXPENSE): | | | | | | | |
Interest expense, net of capitalized interest | (575 | ) | | (446 | ) | | (1,680 | ) | | (1,246 | ) |
Equity in earnings of unconsolidated affiliates | 82 |
| | 87 |
| | 224 |
| | 258 |
|
Losses on extinguishments of debt | — |
| | — |
| | (2 | ) | | (109 | ) |
Gains (losses) on interest rate derivatives | (175 | ) | | 45 |
| | (371 | ) | | 117 |
|
Other, net | 113 |
| | 40 |
| | 242 |
| | 96 |
|
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE | 1,279 |
| | 1,441 |
| | 4,002 |
| | 3,074 |
|
Income tax expense (benefit) from continuing operations | 55 |
| | (52 | ) | | 216 |
| | 7 |
|
INCOME FROM CONTINUING OPERATIONS | 1,224 |
| | 1,493 |
| | 3,786 |
| | 3,067 |
|
Loss from discontinued operations, net of income taxes | — |
| | (2 | ) | | — |
| | (265 | ) |
NET INCOME | 1,224 |
| | 1,491 |
| | 3,786 |
| | 2,802 |
|
Less: Net income attributable to noncontrolling interests | 261 |
| | 223 |
| | 783 |
| | 557 |
|
Less: Net income attributable to redeemable noncontrolling interests | 12 |
| | — |
| | 38 |
| | — |
|
Less: Net income (loss) attributable to predecessor equity | — |
| | 133 |
| | — |
| | (37 | ) |
NET INCOME ATTRIBUTABLE TO PARTNERS | $ | 951 |
| | $ | 1,135 |
| | $ | 2,965 |
| | $ | 2,282 |
|
The accompanying notes are an integral part of these consolidated financial statements.
3
ENERGY TRANSFER OPERATING, L.P. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Dollars in millions)
(unaudited)
|
| | | | | | | | | | | | | | | |
| Three Months Ended September 30, | | Nine Months Ended September 30, |
| 2019 | | 2018 | | 2019 | | 2018 |
Net income | $ | 1,224 |
| | $ | 1,491 |
| | $ | 3,786 |
| | $ | 2,802 |
|
Other comprehensive income (loss), net of tax: | | | | | | | |
Change in value of available-for-sale securities | — |
| | 2 |
| | 8 |
| | — |
|
Actuarial gain (loss) related to pension and other postretirement benefit plans | (3 | ) | | — |
| | 7 |
| | (2 | ) |
Change in other comprehensive income from unconsolidated affiliates | (4 | ) | | 2 |
| | (13 | ) | | 9 |
|
| (7 | ) | | 4 |
| | 2 |
| | 7 |
|
Comprehensive income | 1,217 |
| | 1,495 |
| | 3,788 |
| | 2,809 |
|
Less: Comprehensive income attributable to noncontrolling interests | 261 |
| | 223 |
| | 783 |
| | 557 |
|
Less: Comprehensive income attributable to redeemable noncontrolling interests | 12 |
| | — |
| | 38 |
| | — |
|
Less: Comprehensive income (loss) attributable to predecessor equity | — |
| | 133 |
| | — |
| | (37 | ) |
Comprehensive income attributable to partners | $ | 944 |
| | $ | 1,139 |
| | $ | 2,967 |
| | $ | 2,289 |
|
The accompanying notes are an integral part of these consolidated financial statements.
4
ENERGY TRANSFER OPERATING, L.P. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EQUITY
(Dollars in millions)
(unaudited)
|
| | | | | | | | | | | | | | | | | | | |
| Limited Partners | | | | | | |
| Preferred Unitholders | | Common Unitholders | | AOCI | | Non-controlling Interests | | Total |
Balance, December 31, 2018 | $ | 2,388 |
| | $ | 26,372 |
| | $ | (42 | ) | | $ | 7,903 |
| | $ | 36,621 |
|
Distributions to partners | (64 | ) | | (1,450 | ) | | — |
| | — |
| | (1,514 | ) |
Distributions to noncontrolling interests | — |
| | — |
| | — |
| | (361 | ) | | (361 | ) |
Capital contributions from noncontrolling interests | — |
| | — |
| | — |
| | 140 |
| | 140 |
|
Sale of noncontrolling interest in subsidiary | — |
| | — |
| | — |
| | 93 |
| | 93 |
|
Other comprehensive income, net of tax | — |
| | — |
| | 8 |
| | — |
| | 8 |
|
Other, net | — |
| | 15 |
| | — |
| | 13 |
| | 28 |
|
Net income, excluding amounts attributable to redeemable noncontrolling interests | 40 |
| | 972 |
| | — |
| | 256 |
| | 1,268 |
|
Balance, March 31, 2019 | 2,364 |
| | 25,909 |
| | (34 | ) | | 8,044 |
| | 36,283 |
|
Distributions to partners | (18 | ) | | (1,625 | ) | | — |
| | — |
| | (1,643 | ) |
Distributions to noncontrolling interests | — |
| | — |
| | — |
| | (370 | ) | | (370 | ) |
Units issued for cash | 780 |
| | — |
| | — |
| | — |
| | 780 |
|
Capital contributions from noncontrolling interests | — |
| | — |
| | — |
| | 66 |
| | 66 |
|
Other comprehensive income, net of tax | — |
| | — |
| | 1 |
| | — |
| | 1 |
|
Other, net | (1 | ) | | (36 | ) | | — |
| | — |
| | (37 | ) |
Net income, excluding amounts attributable to redeemable noncontrolling interests | 53 |
| | 949 |
| | — |
| | 266 |
| | 1,268 |
|
Balance, June 30, 2019 | 3,178 |
| | 25,197 |
| | (33 | ) | | 8,006 |
| | 36,348 |
|
Distributions to partners | (82 | ) | | (1,562 | ) | | — |
| | — |
| | (1,644 | ) |
Distributions to noncontrolling interests | — |
| | — |
| | — |
| | (374 | ) | | (374 | ) |
Capital contributions from noncontrolling interests | — |
| | — |
| | — |
| | 72 |
| | 72 |
|
Other comprehensive loss, net of tax | — |
| | — |
| | (7 | ) | | — |
| | (7 | ) |
Other, net | — |
| | (5 | ) | | — |
| | 9 |
| | 4 |
|
Net income, excluding amounts attributable to redeemable noncontrolling interests | 55 |
| | 896 |
| | — |
| | 261 |
| | 1,212 |
|
Balance, September 30, 2019 | $ | 3,151 |
| | $ | 24,526 |
| | $ | (40 | ) | | $ | 7,974 |
| | $ | 35,611 |
|
The accompanying notes are an integral part of these consolidated financial statements.
5
ENERGY TRANSFER OPERATING, L.P. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EQUITY
(Dollars in millions)
(unaudited)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Limited Partners | | | | | | | | | | |
| Preferred Unitholders | | Common Unitholders | | General Partner | | AOCI | | Non-controlling Interests | | Predecessor Equity | | Total |
Balance, December 31, 2017 | $ | 1,491 |
| | $ | 26,531 |
| | $ | 244 |
| | $ | 3 |
| | $ | 5,882 |
| | $ | 2,816 |
| | $ | 36,967 |
|
Distributions to partners | (24 | ) | | (657 | ) | | (264 | ) | | — |
| | — |
| | — |
| | (945 | ) |
Distributions to noncontrolling interests | — |
| | — |
| | — |
| | — |
| | (183 | ) | | (70 | ) | | (253 | ) |
Units issued for cash | — |
| | 20 |
| | — |
| | — |
| | — |
| | — |
| | 20 |
|
Repurchases of common units | — |
| | (24 | ) | | — |
| | — |
| | — |
| | — |
| | (24 | ) |
Subsidiary repurchases of common units | — |
| | — |
| | — |
| | — |
| | — |
| | (300 | ) | | (300 | ) |
Capital contributions from noncontrolling interests | — |
| | — |
| | — |
| | — |
| | 229 |
| | — |
| | 229 |
|
Cumulative effect adjustment due to change in accounting principle | — |
| | — |
| | — |
| |
|