Document
false--12-31Q220200001276187 0001276187 2020-01-01 2020-06-30 0001276187 2020-07-31 0001276187 2020-06-30 0001276187 2019-12-31 0001276187 et:NGLsalesMember 2019-04-01 2019-06-30 0001276187 us-gaap:OilAndGasMember 2019-01-01 2019-06-30 0001276187 2019-01-01 2019-06-30 0001276187 us-gaap:OilAndGasMember 2019-04-01 2019-06-30 0001276187 2020-04-01 2020-06-30 0001276187 2019-04-01 2019-06-30 0001276187 us-gaap:ProductAndServiceOtherMember 2020-01-01 2020-06-30 0001276187 us-gaap:OilAndGasRefiningAndMarketingMember 2020-01-01 2020-06-30 0001276187 us-gaap:NaturalGasMidstreamMember 2020-01-01 2020-06-30 0001276187 et:NGLsalesMember 2020-01-01 2020-06-30 0001276187 us-gaap:OilAndGasRefiningAndMarketingMember 2020-04-01 2020-06-30 0001276187 et:RefinedProductsMember 2019-01-01 2019-06-30 0001276187 us-gaap:OilAndGasMember 2020-04-01 2020-06-30 0001276187 us-gaap:NaturalGasMidstreamMember 2019-04-01 2019-06-30 0001276187 us-gaap:NaturalGasMidstreamMember 2019-01-01 2019-06-30 0001276187 et:NGLsalesMember 2020-04-01 2020-06-30 0001276187 et:RefinedProductsMember 2020-01-01 2020-06-30 0001276187 et:NGLsalesMember 2019-01-01 2019-06-30 0001276187 et:RefinedProductsMember 2019-04-01 2019-06-30 0001276187 us-gaap:NaturalGasMidstreamMember 2020-04-01 2020-06-30 0001276187 us-gaap:ProductAndServiceOtherMember 2020-04-01 2020-06-30 0001276187 et:RefinedProductsMember 2020-04-01 2020-06-30 0001276187 us-gaap:ProductAndServiceOtherMember 2019-01-01 2019-06-30 0001276187 us-gaap:ProductAndServiceOtherMember 2019-04-01 2019-06-30 0001276187 us-gaap:OilAndGasRefiningAndMarketingMember 2019-04-01 2019-06-30 0001276187 us-gaap:OilAndGasRefiningAndMarketingMember 2019-01-01 2019-06-30 0001276187 us-gaap:OilAndGasMember 2020-01-01 2020-06-30 0001276187 et:NoncontrollingInterestsMember 2020-01-01 2020-03-31 0001276187 us-gaap:GeneralPartnerMember 2020-04-01 2020-06-30 0001276187 et:CommonunitholdersMember 2020-01-01 2020-03-31 0001276187 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-04-01 2020-06-30 0001276187 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-01-01 2020-03-31 0001276187 et:CommonunitholdersMember 2020-06-30 0001276187 et:CommonunitholdersMember 2020-04-01 2020-06-30 0001276187 et:NoncontrollingInterestsMember 2020-03-31 0001276187 us-gaap:GeneralPartnerMember 2020-01-01 2020-03-31 0001276187 et:NoncontrollingInterestsMember 2020-04-01 2020-06-30 0001276187 2020-01-01 2020-03-31 0001276187 2020-03-31 0001276187 us-gaap:GeneralPartnerMember 2019-12-31 0001276187 et:NoncontrollingInterestsMember 2019-12-31 0001276187 et:CommonunitholdersMember 2020-03-31 0001276187 et:NoncontrollingInterestsMember 2020-06-30 0001276187 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-12-31 0001276187 us-gaap:GeneralPartnerMember 2020-03-31 0001276187 us-gaap:GeneralPartnerMember 2020-06-30 0001276187 et:CommonunitholdersMember 2019-12-31 0001276187 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-06-30 0001276187 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-03-31 0001276187 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-04-01 2019-06-30 0001276187 et:CommonunitholdersMember 2019-01-01 2019-03-31 0001276187 us-gaap:GeneralPartnerMember 2019-01-01 2019-03-31 0001276187 et:NoncontrollingInterestsMember 2019-01-01 2019-03-31 0001276187 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0001276187 et:NoncontrollingInterestsMember 2019-04-01 2019-06-30 0001276187 et:NoncontrollingInterestsMember 2019-06-30 0001276187 us-gaap:GeneralPartnerMember 2019-06-30 0001276187 us-gaap:GeneralPartnerMember 2019-04-01 2019-06-30 0001276187 et:CommonunitholdersMember 2019-04-01 2019-06-30 0001276187 2019-03-31 0001276187 et:NoncontrollingInterestsMember 2018-12-31 0001276187 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0001276187 2019-01-01 2019-03-31 0001276187 2018-12-31 0001276187 et:CommonunitholdersMember 2019-06-30 0001276187 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0001276187 2019-06-30 0001276187 et:CommonunitholdersMember 2018-12-31 0001276187 us-gaap:GeneralPartnerMember 2018-12-31 0001276187 us-gaap:GeneralPartnerMember 2019-03-31 0001276187 et:CommonunitholdersMember 2019-03-31 0001276187 et:NoncontrollingInterestsMember 2019-03-31 0001276187 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001276187 srt:ScenarioPreviouslyReportedMember 2019-01-01 2019-12-31 0001276187 2018-01-01 2018-12-31 0001276187 et:ChangeinInventoryAccountingPolicyMember 2018-01-01 2018-12-31 0001276187 srt:ScenarioPreviouslyReportedMember 2019-01-01 2019-06-30 0001276187 srt:ScenarioPreviouslyReportedMember 2018-01-01 2018-12-31 0001276187 2019-01-01 2019-12-31 0001276187 et:ChangeinInventoryAccountingPolicyMember 2019-01-01 2019-12-31 0001276187 srt:ScenarioPreviouslyReportedMember 2019-04-01 2019-06-30 0001276187 et:ChangeinInventoryAccountingPolicyMember 2019-01-01 2019-06-30 0001276187 et:ChangeinInventoryAccountingPolicyMember 2019-04-01 2019-06-30 0001276187 et:InvestmentInSunocoLPMember 2020-03-31 0001276187 et:InterstateTransportationAndStorageMember 2020-06-30 0001276187 et:NGLandrefinedproductstransportationandservicesMember 2019-12-31 0001276187 et:IntrastateTransportationAndStorageMember 2020-03-31 0001276187 et:MidstreamMember 2020-04-01 2020-06-30 0001276187 et:IntrastateTransportationAndStorageMember 2020-04-01 2020-06-30 0001276187 et:InvestmentInUSACMember 2020-01-01 2020-03-31 0001276187 us-gaap:AllOtherSegmentsMember 2019-12-31 0001276187 et:MidstreamMember 2020-06-30 0001276187 us-gaap:AllOtherSegmentsMember 2020-01-01 2020-03-31 0001276187 us-gaap:AllOtherSegmentsMember 2020-04-01 2020-06-30 0001276187 et:MidstreamMember 2019-12-31 0001276187 et:CrudeoiltransportationandservicesMember 2020-03-31 0001276187 et:InterstateTransportationAndStorageMember 2020-04-01 2020-06-30 0001276187 et:CrudeoiltransportationandservicesMember 2020-01-01 2020-03-31 0001276187 et:MidstreamMember 2020-01-01 2020-03-31 0001276187 et:InterstateTransportationAndStorageMember 2020-01-01 2020-03-31 0001276187 et:InvestmentInUSACMember 2020-04-01 2020-06-30 0001276187 et:IntrastateTransportationAndStorageMember 2020-01-01 2020-03-31 0001276187 et:NGLandrefinedproductstransportationandservicesMember 2020-06-30 0001276187 et:InterstateTransportationAndStorageMember 2019-12-31 0001276187 et:InvestmentInUSACMember 2019-12-31 0001276187 et:InvestmentInSunocoLPMember 2020-01-01 2020-03-31 0001276187 et:CrudeoiltransportationandservicesMember 2020-06-30 0001276187 us-gaap:AllOtherSegmentsMember 2020-03-31 0001276187 et:MidstreamMember 2020-03-31 0001276187 et:InvestmentInSunocoLPMember 2020-04-01 2020-06-30 0001276187 us-gaap:AllOtherSegmentsMember 2020-06-30 0001276187 et:IntrastateTransportationAndStorageMember 2019-12-31 0001276187 et:IntrastateTransportationAndStorageMember 2020-06-30 0001276187 et:InvestmentInSunocoLPMember 2020-06-30 0001276187 et:CrudeoiltransportationandservicesMember 2019-12-31 0001276187 et:InvestmentInUSACMember 2020-03-31 0001276187 et:NGLandrefinedproductstransportationandservicesMember 2020-04-01 2020-06-30 0001276187 et:NGLandrefinedproductstransportationandservicesMember 2020-01-01 2020-03-31 0001276187 et:InvestmentInSunocoLPMember 2019-12-31 0001276187 et:InterstateTransportationAndStorageMember 2020-03-31 0001276187 et:InvestmentInUSACMember 2020-06-30 0001276187 et:NGLandrefinedproductstransportationandservicesMember 2020-03-31 0001276187 et:CrudeoiltransportationandservicesMember 2020-04-01 2020-06-30 0001276187 et:ChangeinInventoryAccountingPolicyMember 2018-12-31 0001276187 srt:ScenarioPreviouslyReportedMember 2019-12-31 0001276187 srt:ScenarioPreviouslyReportedMember 2018-12-31 0001276187 srt:RevisionOfPriorPeriodChangeInAccountingPrincipleAdjustmentMember 2019-12-31 0001276187 srt:RevisionOfPriorPeriodChangeInAccountingPrincipleAdjustmentMember 2018-12-31 0001276187 us-gaap:AllOtherSegmentsMember 2020-01-01 2020-06-30 0001276187 srt:RevisionOfPriorPeriodChangeInAccountingPrincipleAdjustmentMember 2020-01-01 2020-06-30 0001276187 srt:RevisionOfPriorPeriodChangeInAccountingPrincipleAdjustmentMember 2020-04-01 2020-06-30 0001276187 et:COVID19Member 2020-01-01 2020-06-30 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FutureMember et:CommodityDerivativesRefinedProductsMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FutureMember et:CommodityDerivativesCrudeMember 2020-06-30 0001276187 us-gaap:FairValueMeasurementsRecurringMember et:FixedSwapsFuturesMember et:CommodityDerivativesNaturalGasMember 2020-06-30 0001276187 us-gaap:FairValueMeasurementsRecurringMember us-gaap:PutOptionMember et:CommodityDerivativesPowerMember 2020-06-30 0001276187 us-gaap:FairValueMeasurementsRecurringMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember et:BasisSwapsIfercNymexMember et:CommodityDerivativesNaturalGasMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember et:SwingSwapsIfercMember et:CommodityDerivativesNaturalGasMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:PutOptionMember et:CommodityDerivativesPowerMember 2020-06-30 0001276187 us-gaap:FairValueMeasurementsRecurringMember et:ForwardSwapsMember et:CommodityDerivativesNGLsMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember et:ForwardPhysicalSwapsMember et:CommodityDerivativesNaturalGasMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember et:ForwardSwapsMember et:CommodityDerivativesNGLsMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FutureMember et:CommodityDerivativesRefinedProductsMember 2020-06-30 0001276187 us-gaap:FairValueMeasurementsRecurringMember et:ForwardPhysicalSwapsMember et:CommodityDerivativesNaturalGasMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:PutOptionMember et:CommodityDerivativesPowerMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember et:ForwardSwapsMember et:CommodityDerivativesPowerMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember et:ForwardSwapsMember et:CommodityDerivativesNGLsMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember et:BasisSwapsIfercNymexMember et:CommodityDerivativesNaturalGasMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CallOptionMember et:CommodityDerivativesPowerMember 2020-06-30 0001276187 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FutureMember et:CommodityDerivativesRefinedProductsMember 2020-06-30 0001276187 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FutureMember et:CommodityDerivativesCrudeMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember et:SwingSwapsIfercMember et:CommodityDerivativesNaturalGasMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember et:FixedSwapsFuturesMember et:CommodityDerivativesNaturalGasMember 2020-06-30 0001276187 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FutureMember et:CommodityDerivativesPowerMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember et:ForwardPhysicalSwapsMember et:CommodityDerivativesNaturalGasMember 2020-06-30 0001276187 us-gaap:FairValueMeasurementsRecurringMember et:ForwardSwapsMember et:CommodityDerivativesPowerMember 2020-06-30 0001276187 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CallOptionMember et:CommodityDerivativesPowerMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FutureMember et:CommodityDerivativesPowerMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FutureMember et:CommodityDerivativesCrudeMember 2020-06-30 0001276187 et:ETOMember 2020-01-01 2020-06-30 0001276187 et:USACompressionPartnersLPMember 2020-01-01 2020-06-30 0001276187 et:SunocoLPMember 2020-01-01 2020-06-30 0001276187 srt:ParentCompanyMember 2020-01-01 2020-06-30 0001276187 et:RightOfWayMember 2020-01-01 2020-06-30 0001276187 us-gaap:OperatingSegmentsMember 2020-01-01 2020-06-30 0001276187 us-gaap:SalesRevenueSegmentMember 2020-01-01 2020-06-30 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember et:FixedSwapsFuturesMember et:CommodityDerivativesNaturalGasMember 2020-06-30 0001276187 us-gaap:FairValueMeasurementsRecurringMember et:SwingSwapsIfercMember et:CommodityDerivativesNaturalGasMember 2020-06-30 0001276187 us-gaap:FairValueMeasurementsRecurringMember et:BasisSwapsIfercNymexMember et:CommodityDerivativesNaturalGasMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FutureMember et:CommodityDerivativesPowerMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember et:ForwardSwapsMember et:CommodityDerivativesPowerMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CallOptionMember et:CommodityDerivativesPowerMember 2020-06-30 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001276187 us-gaap:FairValueMeasurementsRecurringMember et:ForwardSwapsMember et:CommodityDerivativesPowerMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember et:ForwardSwapsMember et:CommodityDerivativesNGLsMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember et:ForwardSwapsMember et:CommodityDerivativesPowerMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember et:ForwardSwapsMember et:CommodityDerivativesPowerMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember et:SwingSwapsIfercMember et:CommodityDerivativesNaturalGasMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember et:BasisSwapsIfercNymexMember et:CommodityDerivativesNaturalGasMember 2019-12-31 0001276187 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FutureMember et:CommodityDerivativesPowerMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:PutOptionMember et:CommodityDerivativesPowerMember 2019-12-31 0001276187 us-gaap:FairValueMeasurementsRecurringMember et:ForwardsSwapsMember et:CommodityDerivativesCrudeMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember et:FixedSwapsFuturesMember et:CommodityDerivativesNaturalGasMember 2019-12-31 0001276187 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CallOptionMember et:CommodityDerivativesPowerMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CallOptionMember et:CommodityDerivativesPowerMember 2019-12-31 0001276187 us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember et:ForwardPhysicalSwapsMember et:CommodityDerivativesNaturalGasMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FutureMember et:CommodityDerivativesPowerMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember et:ForwardSwapsMember et:CommodityDerivativesNGLsMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember et:ForwardPhysicalSwapsMember et:CommodityDerivativesNaturalGasMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FutureMember et:CommodityDerivativesPowerMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:PutOptionMember et:CommodityDerivativesPowerMember 2019-12-31 0001276187 us-gaap:FairValueMeasurementsRecurringMember et:ForwardPhysicalSwapsMember et:CommodityDerivativesNaturalGasMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FutureMember et:CommodityDerivativesRefinedProductsMember 2019-12-31 0001276187 us-gaap:FairValueMeasurementsRecurringMember et:BasisSwapsIfercNymexMember et:CommodityDerivativesNaturalGasMember 2019-12-31 0001276187 us-gaap:FairValueMeasurementsRecurringMember et:SwingSwapsIfercMember et:CommodityDerivativesNaturalGasMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FutureMember et:CommodityDerivativesRefinedProductsMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember et:ForwardsSwapsMember et:CommodityDerivativesCrudeMember 2019-12-31 0001276187 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FutureMember et:CommodityDerivativesRefinedProductsMember 2019-12-31 0001276187 us-gaap:FairValueMeasurementsRecurringMember et:ForwardSwapsMember et:CommodityDerivativesNGLsMember 2019-12-31 0001276187 us-gaap:FairValueMeasurementsRecurringMember et:FixedSwapsFuturesMember et:CommodityDerivativesNaturalGasMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember et:ForwardsSwapsMember et:CommodityDerivativesCrudeMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember et:SwingSwapsIfercMember et:CommodityDerivativesNaturalGasMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember et:FixedSwapsFuturesMember et:CommodityDerivativesNaturalGasMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember et:BasisSwapsIfercNymexMember et:CommodityDerivativesNaturalGasMember 2019-12-31 0001276187 us-gaap:FairValueMeasurementsRecurringMember us-gaap:PutOptionMember et:CommodityDerivativesPowerMember 2019-12-31 0001276187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CallOptionMember et:CommodityDerivativesPowerMember 2019-12-31 0001276187 et:ETOCreditFacilitydueDecember2022Member 2020-06-30 0001276187 et:A2.9SeniorNotesdue2025Member 2020-01-31 0001276187 et:SunocoLPMember et:SunocoLP1.5billionRevolvingCreditFacilitydueJuly2023Member 2020-06-30 0001276187 et:ETOMember et:A5.75SeniorNotesdueSeptember12020Member 2020-01-31 0001276187 et:ETOCreditFacilitydueDecember2022Member et:AccordionfeatureMember 2020-06-30 0001276187 et:SemCAMSMember currency:CAD et:SemCAMSC350millionseniorsecuredtermloanfacilityMember 2020-06-30 0001276187 et:SemCAMSMember et:SemCAMSC350millionseniorsecuredtermloanfacilityMember 2020-06-30 0001276187 et:TranswesternMember et:A536SeniorUnsecuredNotesDueDecember92020Member 2020-01-31 0001276187 et:SemCAMSMember et:KAPSFacilityMember 2020-06-30 0001276187 et:USACMember et:USACCreditFacilitydue2023Member 2020-06-30 0001276187 et:USACompressionPartnersLPMember et:USACCreditFacilitydue2023Member 2020-06-30 0001276187 et:SemCAMSMember et:SemCAMSC525millionseniorsecuredrevolvingcreditfacilityMember 2020-06-30 0001276187 et:ETOMember et:A550SeniorNotesDueFebruary152020Member 2020-01-31 0001276187 et:ETOMember et:ETOTermLoanMember 2020-06-30 0001276187 et:ETO364dayCreditFacilitydueNovember2019Member 2020-06-30 0001276187 et:A5.0SeniorNotesdue2050Member 2020-01-31 0001276187 et:USACMember 2020-06-30 0001276187 et:A3.75SeniorNotesdue2030Member 2020-01-31 0001276187 et:ETOMember et:A4.15SeniorNotesdueOctober12020Member 2020-01-31 0001276187 et:SemCAMSMember currency:CAD et:SemCAMSC525millionseniorsecuredrevolvingcreditfacilityMember 2020-06-30 0001276187 srt:ParentCompanyMember et:ETE7.5SeniorNotesdue2020Member 2020-01-31 0001276187 et:ETOMember et:A7.5SeniorNotesdueOctober152020Member 2020-01-31 0001276187 et:SemCAMSMember currency:CAD et:KAPSFacilityMember 2020-06-30 0001276187 et:SemCAMSMember et:SemCAMSC300millionseniorsecuredconstructionloanfacilityMember 2020-06-30 0001276187 et:SemCAMSMember currency:CAD et:SemCAMSC300millionseniorsecuredconstructionloanfacilityMember 2020-06-30 0001276187 et:HFOTCOTaxExemptNotesdue2050Member 2020-06-30 0001276187 et:SemCAMSMember 2020-06-30 0001276187 et:USACMember et:PreferredUnitsMember 2020-06-30 0001276187 currency:CAD 2020-06-30 0001276187 et:USACMember et:PreferredUnitsMember 2018-04-01 2018-04-30 0001276187 et:ETOMember 2020-06-30 0001276187 et:USACMember 2020-01-01 2020-06-30 0001276187 et:SeriesGPreferredUnitsMember 2020-01-31 0001276187 et:SeriesBPreferredUnitsMember 2020-06-30 0001276187 et:SeriesGPreferredUnitsMember 2020-01-01 2020-01-01 0001276187 et:SeriesCPreferredUnitsMember 2020-06-30 0001276187 et:SeriesFPreferredUnitsMember 2020-06-30 0001276187 et:ETMember 2020-01-01 2020-06-30 0001276187 et:SeriesFPreferredUnitsMember 2020-01-01 2020-01-01 0001276187 et:SeriesAPreferredUnitsMember 2020-06-30 0001276187 et:ETMember 2020-06-30 0001276187 et:SeriesFPreferredUnitsMember 2020-01-31 0001276187 et:SunocoLPMember et:EquityDistributionProgramMember 2020-06-30 0001276187 et:SunocoLPMember et:EquityDistributionProgramMember 2020-01-01 2020-06-30 0001276187 et:SeriesEPreferredUnitsMember 2020-06-30 0001276187 et:SeriesGPreferredUnitsMember 2020-06-30 0001276187 et:SeriesDPreferredUnitsMember 2020-06-30 0001276187 et:USACMember 2019-10-01 2019-12-31 0001276187 et:USACMember 2020-01-01 2020-03-31 0001276187 et:USACMember 2020-04-01 2020-06-30 0001276187 et:SeriesAPreferredUnitsMember 2020-04-01 2020-06-30 0001276187 et:SeriesDPreferredUnitsMember 2020-01-01 2020-03-31 0001276187 et:SeriesEPreferredUnitsMember 2020-04-01 2020-06-30 0001276187 et:SeriesDPreferredUnitsMember 2019-10-01 2019-12-31 0001276187 et:SeriesCPreferredUnitsMember 2019-10-01 2019-12-31 0001276187 et:SeriesCPreferredUnitsMember 2020-04-01 2020-06-30 0001276187 et:SeriesEPreferredUnitsMember 2019-10-01 2019-12-31 0001276187 et:SeriesAPreferredUnitsMember 2020-01-01 2020-03-31 0001276187 et:SeriesFPreferredUnitsMember 2020-01-01 2020-03-31 0001276187 et:SeriesBPreferredUnitsMember 2020-04-01 2020-06-30 0001276187 et:SeriesGPreferredUnitsMember 2019-10-01 2019-12-31 0001276187 et:SeriesBPreferredUnitsMember 2019-10-01 2019-12-31 0001276187 et:SeriesGPreferredUnitsMember 2020-04-01 2020-06-30 0001276187 et:SeriesFPreferredUnitsMember 2020-04-01 2020-06-30 0001276187 et:SeriesGPreferredUnitsMember 2020-01-01 2020-03-31 0001276187 et:SeriesBPreferredUnitsMember 2020-01-01 2020-03-31 0001276187 et:SeriesCPreferredUnitsMember 2020-01-01 2020-03-31 0001276187 et:SeriesEPreferredUnitsMember 2020-01-01 2020-03-31 0001276187 et:SeriesDPreferredUnitsMember 2020-04-01 2020-06-30 0001276187 et:SeriesFPreferredUnitsMember 2019-10-01 2019-12-31 0001276187 et:SeriesAPreferredUnitsMember 2019-10-01 2019-12-31 0001276187 et:SunocoLPMember 2020-04-01 2020-06-30 0001276187 et:SunocoLPMember 2019-10-01 2019-12-31 0001276187 et:SunocoLPMember 2020-01-01 2020-03-31 0001276187 2019-10-01 2019-12-31 0001276187 et:SunocoInc.Member 2020-06-30 0001276187 et:SPLPandMidValleyPipelineMember 2020-01-01 2020-06-30 0001276187 et:SunocoMember 2020-06-30 0001276187 et:SPLPMember 2020-01-01 2020-06-30 0001276187 et:PESMember 2019-06-30 0001276187 et:PESMember 2020-06-30 0001276187 et:PESMember 2020-01-01 2020-06-30 0001276187 et:WilliamsMember 2020-01-01 2020-06-30 0001276187 et:RevolutionPipelineMember et:CivilPenaltiesMember 2020-01-01 2020-01-01 0001276187 et:RevolutionPipelineMember 2020-01-01 2020-01-01 0001276187 et:PESMember 2020-04-01 2020-06-30 0001276187 et:SunocoLPMember 2019-01-01 2019-06-30 0001276187 et:SunocoLPMember 2019-04-01 2019-06-30 0001276187 et:SunocoLPMember 2020-06-30 0001276187 et:SunocoLPMember 2019-12-31 0001276187 et:RefinedProductsMember us-gaap:FutureMember et:MarkToMarketDerivativesMember us-gaap:ShortMember et:NonTradingMember 2020-06-30 0001276187 et:NaturalGasLiquidsMember et:ForwardsSwapsMember et:MarkToMarketDerivativesMember us-gaap:ShortMember et:NonTradingMember 2019-12-31 0001276187 et:NaturalGasMember us-gaap:PutOptionMember et:MarkToMarketDerivativesMember us-gaap:LongMember et:TradingMember 2019-12-31 0001276187 et:NaturalGasMember et:FixedSwapsFuturesMember et:MarkToMarketDerivativesMember us-gaap:ShortMember et:NonTradingMember 2020-06-30 0001276187 et:NaturalGasMember et:ForwardPhysicalContractsMember et:MarkToMarketDerivativesMember us-gaap:ShortMember et:NonTradingMember 2020-06-30 0001276187 et:PowerMember us-gaap:CallOptionMember et:MarkToMarketDerivativesMember us-gaap:ShortMember et:TradingMember 2019-12-31 0001276187 et:PowerMember us-gaap:FutureMember et:MarkToMarketDerivativesMember us-gaap:ShortMember et:TradingMember 2019-12-31 0001276187 et:NaturalGasMember et:ForwardPhysicalContractsMember et:MarkToMarketDerivativesMember us-gaap:ShortMember et:NonTradingMember 2019-12-31 0001276187 et:PowerMember us-gaap:CallOptionMember et:MarkToMarketDerivativesMember us-gaap:ShortMember et:TradingMember 2020-06-30 0001276187 et:PowerMember et:OptionsPutsMember et:MarkToMarketDerivativesMember us-gaap:ShortMember et:TradingMember 2020-06-30 0001276187 et:NaturalGasMember et:BasisSwapsIfercNymexMember et:MarkToMarketDerivativesMember us-gaap:ShortMember et:TradingMember 2019-12-31 0001276187 et:NaturalGasMember et:SwingSwapsIfercMember et:MarkToMarketDerivativesMember us-gaap:ShortMember et:NonTradingMember 2019-12-31 0001276187 et:NaturalGasMember et:FixedSwapsFuturesMember et:MarkToMarketDerivativesMember us-gaap:LongMember et:TradingMember 2019-12-31 0001276187 et:NaturalGasMember et:HedgedItemInventoryMmbtuMember us-gaap:FairValueHedgingMember us-gaap:LongMember et:NonTradingMember 2020-06-30 0001276187 et:NaturalGasMember et:BasisSwapsIfercNymexMember us-gaap:FairValueHedgingMember us-gaap:ShortMember et:NonTradingMember 2019-12-31 0001276187 et:NaturalGasMember et:FixedSwapsFuturesMember et:MarkToMarketDerivativesMember us-gaap:LongMember et:TradingMember 2020-06-30 0001276187 et:NaturalGasLiquidsMember et:ForwardsSwapsMember et:MarkToMarketDerivativesMember us-gaap:ShortMember et:NonTradingMember 2020-06-30 0001276187 et:NaturalGasMember et:OptionsPutsMember et:MarkToMarketDerivativesMember us-gaap:LongMember et:TradingMember 2020-06-30 0001276187 et:PowerMember us-gaap:FutureMember et:MarkToMarketDerivativesMember us-gaap:LongMember et:TradingMember 2020-06-30 0001276187 et:CornMember us-gaap:FutureMember et:MarkToMarketDerivativesMember us-gaap:ShortMember et:NonTradingMember 2019-12-31 0001276187 et:PowerMember et:ForwardsSwapsMember et:MarkToMarketDerivativesMember us-gaap:LongMember et:TradingMember 2020-06-30 0001276187 et:NaturalGasMember et:BasisSwapsIfercNymexMember et:MarkToMarketDerivativesMember us-gaap:ShortMember et:NonTradingMember 2020-06-30 0001276187 us-gaap:FutureMember et:MarkToMarketDerivativesMember et:NonTradingMember 2020-06-30 0001276187 et:NaturalGasMember et:FixedSwapsFuturesMember us-gaap:FairValueHedgingMember us-gaap:ShortMember et:NonTradingMember 2019-12-31 0001276187 et:NaturalGasMember et:BasisSwapsIfercNymexMember et:MarkToMarketDerivativesMember us-gaap:ShortMember et:TradingMember 2020-06-30 0001276187 et:NaturalGasMember et:BasisSwapsIfercNymexMember us-gaap:FairValueHedgingMember us-gaap:ShortMember et:NonTradingMember 2020-06-30 0001276187 et:NaturalGasMember et:FixedSwapsFuturesMember et:MarkToMarketDerivativesMember us-gaap:ShortMember et:NonTradingMember 2019-12-31 0001276187 et:PowerMember et:ForwardsSwapsMember et:MarkToMarketDerivativesMember us-gaap:LongMember et:TradingMember 2019-12-31 0001276187 srt:CrudeOilMember et:ForwardsSwapsMember et:MarkToMarketDerivativesMember us-gaap:LongMember et:NonTradingMember 2020-06-30 0001276187 et:RefinedProductsMember us-gaap:FutureMember et:MarkToMarketDerivativesMember us-gaap:ShortMember et:NonTradingMember 2019-12-31 0001276187 et:NaturalGasMember et:HedgedItemInventoryMmbtuMember us-gaap:FairValueHedgingMember us-gaap:LongMember et:NonTradingMember 2019-12-31 0001276187 et:PowerMember us-gaap:PutOptionMember et:MarkToMarketDerivativesMember us-gaap:LongMember et:TradingMember 2019-12-31 0001276187 srt:CrudeOilMember et:ForwardsSwapsMember et:MarkToMarketDerivativesMember us-gaap:LongMember et:NonTradingMember 2019-12-31 0001276187 et:NaturalGasMember et:FixedSwapsFuturesMember us-gaap:FairValueHedgingMember us-gaap:ShortMember et:NonTradingMember 2020-06-30 0001276187 et:NaturalGasMember et:BasisSwapsIfercNymexMember et:MarkToMarketDerivativesMember us-gaap:ShortMember et:NonTradingMember 2019-12-31 0001276187 et:NaturalGasMember et:SwingSwapsIfercMember et:MarkToMarketDerivativesMember us-gaap:ShortMember et:NonTradingMember 2020-06-30 0001276187 et:CommodityDerivativesTradingMember 2020-01-01 2020-06-30 0001276187 et:CommodityDerivativesTradingMember 2020-04-01 2020-06-30 0001276187 et:CommodityDerivativesTradingMember 2019-04-01 2019-06-30 0001276187 et:CommodityDerivativesTradingMember 2019-01-01 2019-06-30 0001276187 et:CommodityDerivativesMember 2019-04-01 2019-06-30 0001276187 et:CommodityDerivativesMember 2019-01-01 2019-06-30 0001276187 et:CommodityDerivativesMember 2020-04-01 2020-06-30 0001276187 et:CommodityDerivativesMember 2020-01-01 2020-06-30 0001276187 et:BrokerClearedDerivativeContractsMember 2019-12-31 0001276187 et:BrokerClearedDerivativeContractsMember 2020-06-30 0001276187 et:OTCContractsMember 2020-06-30 0001276187 et:OTCContractsMember 2019-12-31 0001276187 et:WithoutoffsettingagreementsMember 2020-06-30 0001276187 et:WithoutoffsettingagreementsMember 2019-12-31 0001276187 et:July2022Member 2019-12-31 0001276187 et:July2020Member 2020-06-30 0001276187 et:July2021Member 2019-12-31 0001276187 et:July2021Member 2020-01-01 2020-06-30 0001276187 et:July2022Member 2020-06-30 0001276187 et:July2020Member 2020-01-01 2020-06-30 0001276187 et:July2022Member 2020-01-01 2020-06-30 0001276187 et:July2021Member 2020-06-30 0001276187 et:July2020Member 2019-12-31 0001276187 et:InterestRateDerivativesMember us-gaap:NondesignatedMember 2019-12-31 0001276187 et:CommodityDerivativesMember us-gaap:NondesignatedMember 2020-06-30 0001276187 et:CommodityDerivativesMarginDepositsMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-12-31 0001276187 us-gaap:NondesignatedMember 2020-06-30 0001276187 et:CommodityDerivativesMarginDepositsMember us-gaap:DesignatedAsHedgingInstrumentMember 2020-06-30 0001276187 et:InterestRateDerivativesMember us-gaap:NondesignatedMember 2020-06-30 0001276187 et:CommodityDerivativesMember us-gaap:NondesignatedMember 2019-12-31 0001276187 et:CommodityDerivativesMarginDepositsMember us-gaap:NondesignatedMember 2020-06-30 0001276187 et:CommodityDerivativesMarginDepositsMember us-gaap:NondesignatedMember 2019-12-31 0001276187 us-gaap:NondesignatedMember 2019-12-31 0001276187 et:OtherRelatedPartiesMember 2019-12-31 0001276187 et:OtherRelatedPartiesMember 2020-06-30 0001276187 et:Phillips66CompanyMember 2020-06-30 0001276187 et:Phillips66CompanyMember 2019-12-31 0001276187 et:TraverseMember 2020-06-30 0001276187 et:TraverseMember 2019-12-31 0001276187 et:FgtMember 2019-12-31 0001276187 et:FgtMember 2020-06-30 0001276187 et:MidstreamMember 2020-01-01 2020-06-30 0001276187 et:InvestmentInUSACMember 2019-01-01 2019-06-30 0001276187 et:InterstateTransportationAndStorageMember 2019-04-01 2019-06-30 0001276187 et:NGLandrefinedproductstransportationandservicesMember 2019-04-01 2019-06-30 0001276187 et:AdjustmentsAndEliminationsMember 2020-01-01 2020-06-30 0001276187 et:IntrastateTransportationAndStorageMember 2020-01-01 2020-06-30 0001276187 et:CrudeoiltransportationandservicesMember 2019-01-01 2019-06-30 0001276187 et:InterstateTransportationAndStorageMember 2020-01-01 2020-06-30 0001276187 et:InterstateTransportationAndStorageMember 2019-01-01 2019-06-30 0001276187 et:MidstreamMember 2019-04-01 2019-06-30 0001276187 et:CrudeoiltransportationandservicesMember 2019-04-01 2019-06-30 0001276187 et:CrudeoiltransportationandservicesMember 2020-01-01 2020-06-30 0001276187 et:InvestmentInSunocoLPMember 2019-01-01 2019-06-30 0001276187 et:AdjustmentsAndEliminationsMember 2019-04-01 2019-06-30 0001276187 et:NGLandrefinedproductstransportationandservicesMember 2019-01-01 2019-06-30 0001276187 et:IntrastateTransportationAndStorageMember 2019-04-01 2019-06-30 0001276187 et:AdjustmentsAndEliminationsMember 2020-04-01 2020-06-30 0001276187 et:AdjustmentsAndEliminationsMember 2019-01-01 2019-06-30 0001276187 et:InvestmentInUSACMember 2020-01-01 2020-06-30 0001276187 et:MidstreamMember 2019-01-01 2019-06-30 0001276187 et:InvestmentInSunocoLPMember 2020-01-01 2020-06-30 0001276187 et:InvestmentInSunocoLPMember 2019-04-01 2019-06-30 0001276187 et:IntrastateTransportationAndStorageMember 2019-01-01 2019-06-30 0001276187 et:InvestmentInUSACMember 2019-04-01 2019-06-30 0001276187 et:NGLandrefinedproductstransportationandservicesMember 2020-01-01 2020-06-30 0001276187 et:IntersegmentMember us-gaap:AllOtherSegmentsMember 2020-01-01 2020-06-30 0001276187 et:IntersegmentMember et:InterstateTransportationAndStorageMember 2020-04-01 2020-06-30 0001276187 et:ExternalCustomersMember et:InterstateTransportationAndStorageMember 2020-04-01 2020-06-30 0001276187 us-gaap:IntersegmentEliminationMember 2019-04-01 2019-06-30 0001276187 us-gaap:IntersegmentEliminationMember 2020-04-01 2020-06-30 0001276187 et:ExternalCustomersMember et:InvestmentInUSACMember 2020-01-01 2020-06-30 0001276187 et:ExternalCustomersMember et:IntrastateTransportationAndStorageMember 2019-01-01 2019-06-30 0001276187 et:IntersegmentMember et:InvestmentInSunocoLPMember 2019-04-01 2019-06-30 0001276187 us-gaap:AllOtherSegmentsMember 2019-04-01 2019-06-30 0001276187 et:IntersegmentMember et:InvestmentInSunocoLPMember 2019-01-01 2019-06-30 0001276187 et:IntersegmentMember et:IntrastateTransportationAndStorageMember 2020-04-01 2020-06-30 0001276187 et:ExternalCustomersMember et:InvestmentInSunocoLPMember 2019-01-01 2019-06-30 0001276187 et:ExternalCustomersMember et:CrudeoiltransportationandservicesMember 2019-04-01 2019-06-30 0001276187 et:ExternalCustomersMember et:InvestmentInSunocoLPMember 2019-04-01 2019-06-30 0001276187 et:IntersegmentMember et:InterstateTransportationAndStorageMember 2020-01-01 2020-06-30 0001276187 et:IntersegmentMember et:CrudeoiltransportationandservicesMember 2020-01-01 2020-06-30 0001276187 et:IntersegmentMember us-gaap:AllOtherSegmentsMember 2019-01-01 2019-06-30 0001276187 et:ExternalCustomersMember et:InvestmentInSunocoLPMember 2020-04-01 2020-06-30 0001276187 et:IntersegmentMember et:IntrastateTransportationAndStorageMember 2019-04-01 2019-06-30 0001276187 et:IntersegmentMember et:InvestmentInUSACMember 2020-04-01 2020-06-30 0001276187 et:ExternalCustomersMember et:InterstateTransportationAndStorageMember 2020-01-01 2020-06-30 0001276187 et:ExternalCustomersMember et:NGLandrefinedproductstransportationandservicesMember 2019-04-01 2019-06-30 0001276187 et:ExternalCustomersMember us-gaap:AllOtherSegmentsMember 2020-04-01 2020-06-30 0001276187 et:IntersegmentMember et:CrudeoiltransportationandservicesMember 2019-01-01 2019-06-30 0001276187 et:IntersegmentMember et:IntrastateTransportationAndStorageMember 2020-01-01 2020-06-30 0001276187 et:IntersegmentMember et:CrudeoiltransportationandservicesMember 2019-04-01 2019-06-30 0001276187 et:IntersegmentMember et:CrudeoiltransportationandservicesMember 2020-04-01 2020-06-30 0001276187 et:IntersegmentMember et:NGLandrefinedproductstransportationandservicesMember 2019-01-01 2019-06-30 0001276187 et:ExternalCustomersMember us-gaap:AllOtherSegmentsMember 2020-01-01 2020-06-30 0001276187 et:ExternalCustomersMember et:NGLandrefinedproductstransportationandservicesMember 2019-01-01 2019-06-30 0001276187 et:ExternalCustomersMember et:CrudeoiltransportationandservicesMember 2020-04-01 2020-06-30 0001276187 et:IntersegmentMember et:NGLandrefinedproductstransportationandservicesMember 2020-04-01 2020-06-30 0001276187 et:ExternalCustomersMember et:NGLandrefinedproductstransportationandservicesMember 2020-01-01 2020-06-30 0001276187 et:IntersegmentMember et:MidstreamMember 2020-01-01 2020-06-30 0001276187 us-gaap:IntersegmentEliminationMember 2020-01-01 2020-06-30 0001276187 et:IntersegmentMember et:InterstateTransportationAndStorageMember 2019-01-01 2019-06-30 0001276187 et:ExternalCustomersMember et:IntrastateTransportationAndStorageMember 2019-04-01 2019-06-30 0001276187 us-gaap:AllOtherSegmentsMember 2019-01-01 2019-06-30 0001276187 et:ExternalCustomersMember et:InvestmentInSunocoLPMember 2020-01-01 2020-06-30 0001276187 et:IntersegmentMember et:IntrastateTransportationAndStorageMember 2019-01-01 2019-06-30 0001276187 et:ExternalCustomersMember et:NGLandrefinedproductstransportationandservicesMember 2020-04-01 2020-06-30 0001276187 et:ExternalCustomersMember et:IntrastateTransportationAndStorageMember 2020-04-01 2020-06-30 0001276187 et:ExternalCustomersMember et:InvestmentInUSACMember 2020-04-01 2020-06-30 0001276187 et:ExternalCustomersMember et:InvestmentInUSACMember 2019-04-01 2019-06-30 0001276187 et:ExternalCustomersMember et:CrudeoiltransportationandservicesMember 2020-01-01 2020-06-30 0001276187 et:IntersegmentMember et:NGLandrefinedproductstransportationandservicesMember 2020-01-01 2020-06-30 0001276187 et:IntersegmentMember us-gaap:AllOtherSegmentsMember 2019-04-01 2019-06-30 0001276187 et:ExternalCustomersMember et:MidstreamMember 2019-04-01 2019-06-30 0001276187 et:IntersegmentMember et:InterstateTransportationAndStorageMember 2019-04-01 2019-06-30 0001276187 et:IntersegmentMember us-gaap:AllOtherSegmentsMember 2020-04-01 2020-06-30 0001276187 et:ExternalCustomersMember et:InvestmentInUSACMember 2019-01-01 2019-06-30 0001276187 et:IntersegmentMember et:MidstreamMember 2019-04-01 2019-06-30 0001276187 et:ExternalCustomersMember et:CrudeoiltransportationandservicesMember 2019-01-01 2019-06-30 0001276187 et:ExternalCustomersMember et:InterstateTransportationAndStorageMember 2019-04-01 2019-06-30 0001276187 et:IntersegmentMember et:InvestmentInUSACMember 2019-04-01 2019-06-30 0001276187 et:IntersegmentMember et:MidstreamMember 2020-04-01 2020-06-30 0001276187 et:ExternalCustomersMember us-gaap:AllOtherSegmentsMember 2019-04-01 2019-06-30 0001276187 et:IntersegmentMember et:InvestmentInUSACMember 2019-01-01 2019-06-30 0001276187 et:ExternalCustomersMember et:MidstreamMember 2019-01-01 2019-06-30 0001276187 et:ExternalCustomersMember et:InterstateTransportationAndStorageMember 2019-01-01 2019-06-30 0001276187 et:ExternalCustomersMember et:MidstreamMember 2020-01-01 2020-06-30 0001276187 et:ExternalCustomersMember et:IntrastateTransportationAndStorageMember 2020-01-01 2020-06-30 0001276187 us-gaap:IntersegmentEliminationMember 2019-01-01 2019-06-30 0001276187 et:IntersegmentMember et:InvestmentInUSACMember 2020-01-01 2020-06-30 0001276187 et:IntersegmentMember et:NGLandrefinedproductstransportationandservicesMember 2019-04-01 2019-06-30 0001276187 et:IntersegmentMember et:InvestmentInSunocoLPMember 2020-04-01 2020-06-30 0001276187 et:ExternalCustomersMember us-gaap:AllOtherSegmentsMember 2019-01-01 2019-06-30 0001276187 et:IntersegmentMember et:MidstreamMember 2019-01-01 2019-06-30 0001276187 et:IntersegmentMember et:InvestmentInSunocoLPMember 2020-01-01 2020-06-30 0001276187 et:ExternalCustomersMember et:MidstreamMember 2020-04-01 2020-06-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure et:MMbtu et:barrels et:Megawatt et:bbl et: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 June 30, 2020
or
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Commission file number 1-32740
ENERGY TRANSFER LP
(Exact name of registrant as specified in its charter)
 
Delaware
 
30-0108820
(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)
(214) 981-0700
(Registrant’s telephone number, including area code)
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
Common Units
 
ET
 
New York Stock Exchange
At July 31, 2020, the registrant had 2,695,845,699 Common Units outstanding.
 



FORM 10-Q
ENERGY TRANSFER LP AND SUBSIDIARIES
TABLE OF CONTENTS


i


Definitions
References to the “Partnership” or “ET” refer to Energy Transfer LP. In addition, the following is a list of certain acronyms and terms used throughout this document:
 
/d
 
per day
 
 
 
 
 
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 content
 
 
 
 
 
Citrus
 
Citrus, LLC
 
 
 
 
 
DOJ
 
U.S. Department of Justice
 
 
 
 
 
EPA
 
U.S. Environmental Protection Agency
 
 
 
 
 
ETO
 
Energy Transfer Operating, L.P..
 
 
 
 
 
ETO Series A Preferred Units
 
ETO’s 6.250% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
 
 
 
 
 
ETO Series B Preferred Units
 
ETO’s 6.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
 
 
 
 
 
ETO Series C Preferred Units
 
ETO’s 7.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
 
 
 
 
 
ETO Series D Preferred Units
 
ETO’s 7.625% Series D Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
 
 
 
 
 
ETO Series E Preferred Units
 
ETO’s 7.600% Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
 
 
 
 
 
ETO Series F Preferred Units
 
ETO’s 6.750% Series F Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units
 
 
 
 
 
ETO Series G Preferred Units
 
ETO’s 7.125% Series G Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units
 
 
 
 
 
ETP GP
 
Energy Transfer Partners GP, L.P., the general partner of ETO
 
 
 
 
 
Exchange Act
 
Securities Exchange Act of 1934
 
 
 
 
 
FEP
 
Fayetteville Express Pipeline LLC
 
 
 
 
 
FERC
 
Federal Energy Regulatory Commission
 
 
 
 
 
FGT
 
Florida Gas Transmission Company, LLC, a wholly-owned subsidiary of Citrus
 
 
 
 
 
GAAP
 
accounting principles generally accepted in the United States of America
 
 
 
 
 
HFOTCO
 
Houston Fuel Oil Terminal Company, a wholly-owned subsidiary of ETO, which owns the Houston Terminal
 
 
 
 
 
Lake Charles LNG
 
Lake Charles LNG Company, LLC, a wholly-owned subsidiary of ETO
 
 
 
 
 
LE GP
 
LE GP, LLC, the general partner of ET
 
 
 
 
 
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

ii


 
 
 
 
 
OSHA
 
Federal Occupational Safety and Health Act
 
 
 
 
OTC
 
over-the-counter
 
 
 
 
 
Panhandle
 
Panhandle Eastern Pipe Line Company, LP and its subsidiaries, wholly-owned by ETO
 
 
 
 
PES
 
Philadelphia Energy Solutions Refining and Marketing LLC
 
 
 
 
 
Regency
 
Regency Energy Partners LP
 
 
 
 
 
Rover
 
Rover Pipeline LLC
 
 
 
 
 
SEC
 
Securities and Exchange Commission
 
 
 
 
 
SemCAMS
 
SemCAMS Midstream ULC, a less than wholly-owned subsidiary of ETO
 
 
 
 
 
SemGroup
 
SemGroup, LLC (formerly SemGroup Corporation)
 
 
 
 
 
Series A Convertible Preferred Units
 
ET Series A convertible preferred units
 
 
 
 
 
Sunoco Logistics Operations
 
Sunoco Logistics Partners Operations L.P, a wholly-owned subsidiary of ETO
 
 
 
 
 
Sunoco R&M
 
Sunoco (R&M), LLC (formerly Sunoco, Inc. (R&M))
 
 
 
 
 
Transwestern
 
Transwestern Pipeline Company, LLC, a wholly-owned subsidiary of ETO
 
 
 
 
 
Trunkline
 
Trunkline Gas Company, LLC, a wholly-owned subsidiary of Panhandle
 
 
 
 
 
USAC
 
USA Compression Partners, LP, a wholly-owned subsidiary of ETO
 
 
 
 
 
USAC Preferred Units
 
USAC Series A Preferred Units
 
 
 
 
 
White Cliffs
 
White Cliffs Pipeline
 
 
 
 


iii


PART I – FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
ENERGY TRANSFER LP AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollars in millions)
(unaudited)
 
June 30,
2020
 
December 31, 2019*
ASSETS
 
 
 
Current assets:
 
 
 
Cash and cash equivalents
$
155

 
$
291

Accounts receivable, net
2,955

 
5,038

Accounts receivable from related companies
140

 
159

Inventories
1,593

 
1,532

Income taxes receivable
68

 
146

Derivative assets
14

 
23

Other current assets
231

 
275

Total current assets
5,156

 
7,464

 
 
 
 
Property, plant and equipment
92,269

 
89,790

Accumulated depreciation and depletion
(17,328
)
 
(15,597
)
 
74,941

 
74,193

 
 
 
 
Advances to and investments in unconsolidated affiliates
3,311

 
3,460

Lease right-of-use assets, net
1,112

 
964

Other non-current assets, net
1,512

 
1,571

Intangible assets, net
6,007

 
6,154

Goodwill
3,868

 
5,167

Total assets
$
95,907

 
$
98,973

*As adjusted. See Note 1.

The accompanying notes are an integral part of these consolidated financial statements.
1


ENERGY TRANSFER LP AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollars in million)
(unaudited)
 
June 30,
2020
 
December 31, 2019*
LIABILITIES AND EQUITY
 
 
 
Current liabilities:
 
 
 
Accounts payable
$
2,137

 
$
4,118

Accounts payable to related companies
16

 
31

Derivative liabilities
24

 
147

Operating lease current liabilities
54

 
60

Accrued and other current liabilities
2,738

 
3,342

Current maturities of long-term debt
34

 
26

Total current liabilities
5,003

 
7,724

 
 
 
 
Long-term debt, less current maturities
51,251

 
51,028

Non-current derivative liabilities
577

 
273

Non-current operating lease liabilities
903

 
901

Deferred income taxes
3,313

 
3,208

Other non-current liabilities
1,218

 
1,162

 
 
 
 
Commitments and contingencies

 

Redeemable noncontrolling interests
750

 
739

 
 
 
 
Equity:
 
 
 
Limited Partners:
 
 
 
Common Unitholders
19,843

 
21,935

General Partner
(7
)
 
(4
)
Accumulated other comprehensive loss
(21
)
 
(11
)
Total partners’ capital
19,815

 
21,920

Noncontrolling interests
13,077

 
12,018

Total equity
32,892

 
33,938

Total liabilities and equity
$
95,907

 
$
98,973

*As adjusted. See Note 1.

The accompanying notes are an integral part of these consolidated financial statements.
2


ENERGY TRANSFER LP AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in millions, except per unit data)
(unaudited)
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2020
 
2019*
 
2020
 
2019*
REVENUES:
 
 
 
 
 
 
 
Refined product sales
$
2,000

 
$
4,477

 
$
5,232

 
$
8,203

Crude sales
1,329

 
4,346

 
4,872

 
7,871

NGL sales
1,254

 
1,996

 
2,943

 
4,398

Gathering, transportation and other fees
2,137

 
2,035

 
4,522

 
4,302

Natural gas sales
514

 
763

 
1,102

 
1,727

Other
104

 
260

 
294

 
497

Total revenues
7,338

 
13,877

 
18,965

 
26,998

COSTS AND EXPENSES:
 
 
 
 
 
 
 
Cost of products sold
4,117

 
10,301

 
12,408

 
19,778

Operating expenses
770

 
792

 
1,649

 
1,600

Depreciation, depletion and amortization
936


785

 
1,803

 
1,559

Selling, general and administrative
175

 
179

 
379

 
326

Impairment losses
4

 

 
1,329

 
50

Total costs and expenses
6,002

 
12,057

 
17,568

 
23,313

OPERATING INCOME
1,336

 
1,820

 
1,397

 
3,685

OTHER INCOME (EXPENSE):
 
 
 
 
 
 
 
Interest expense, net of interest capitalized
(579
)
 
(578
)
 
(1,181
)
 
(1,168
)
Equity in earnings of unconsolidated affiliates
85

 
77

 
78

 
142

Losses on extinguishments of debt

 

 
(62
)
 
(18
)
Losses on interest rate derivatives
(3
)
 
(122
)
 
(332
)
 
(196
)
Other, net
(68
)
 
46

 
(65
)
 
42

INCOME (LOSS) BEFORE INCOME TAX EXPENSE
771

 
1,243

 
(165
)
 
2,487

Income tax expense
99

 
34

 
127

 
160

NET INCOME (LOSS)
672

 
1,209

 
(292
)
 
2,327

Less: Net income attributable to noncontrolling interests
306

 
317

 
185

 
614

Less: Net income attributable to redeemable noncontrolling interests
13

 
13

 
25

 
26

NET INCOME (LOSS) ATTRIBUTABLE TO PARTNERS
353

 
879

 
(502
)
 
1,687

General Partner’s interest in net income (loss)

 
1

 
(1
)
 
2

Limited Partners’ interest in net income (loss)
$
353

 
$
878

 
$
(501
)
 
$
1,685

NET INCOME (LOSS) PER LIMITED PARTNER UNIT:
 
 
 
 
 
 
 
Basic
$
0.13

 
$
0.33

 
$
(0.19
)
 
$
0.64

Diluted
$
0.13

 
$
0.33

 
$
(0.19
)
 
$
0.64

*As adjusted. See Note 1.


The accompanying notes are an integral part of these consolidated financial statements.
3


ENERGY TRANSFER LP AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(Dollars in millions)
(unaudited)
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2020
 
2019*
 
2020
 
2019*
Net income (loss)
$
672

 
$
1,209

 
$
(292
)
 
$
2,327

Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
Change in value of available-for-sale securities
9

 
3

 

 
8

Actuarial gain related to pension and other postretirement benefit plans
8

 
3

 
11

 
10

Foreign currency translation adjustments
30

 

 
(34
)
 

Change in other comprehensive loss from unconsolidated affiliates

 
(5
)
 
(16
)
 
(9
)
 
47

 
1

 
(39
)
 
9

Comprehensive income (loss)
719

 
1,210

 
(331
)
 
2,336

Less: Comprehensive income attributable to noncontrolling interests
306

 
317

 
185

 
614

Less: Comprehensive income attributable to redeemable noncontrolling interests
13

 
13

 
25

 
26

Comprehensive income (loss) attributable to partners
$
400

 
$
880

 
$
(541
)
 
$
1,696

*As adjusted. See Note 1.

The accompanying notes are an integral part of these consolidated financial statements.
4


ENERGY TRANSFER LP AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EQUITY
FOR THE SIX MONTHS ENDED JUNE 30, 2020 AND 2019
(Dollars in millions)
(unaudited)
 
Common Unitholders
 
General Partner
 
AOCI
 
Noncontrolling Interests
 
Total
Balance, December 31, 2019*
$
21,935

 
$
(4
)
 
$
(11
)
 
$
12,018

 
$
33,938

Distributions to partners
(1,591
)
 
(1
)
 

 

 
(1,592
)
Distributions to noncontrolling interests

 

 

 
(444
)
 
(444
)
Subsidiary units issued

 

 

 
1,580

 
1,580

Capital contributions from noncontrolling interests

 

 

 
95

 
95

Other comprehensive loss, net of tax

 

 
(48
)
 
(38
)
 
(86
)
Other, net
22

 

 

 
(7
)
 
15

Net loss, excluding amounts attributable to redeemable noncontrolling interests
(854
)
 
(1
)
 

 
(121
)
 
(976
)
Balance, March 31, 2020
19,512

 
(6
)
 
(59
)
 
13,083

 
32,530

Distributions to partners
9

 
(1
)
 

 

 
8

Distributions to noncontrolling interests

 

 

 
(408
)
 
(408
)
Capital contributions from noncontrolling interests

 

 

 
83

 
83

Other comprehensive income, net of tax

 

 
38

 
9

 
47

Other, net
(31
)
 

 

 
4

 
(27
)
Net income, excluding amounts attributable to redeemable noncontrolling interests
353

 

 

 
306

 
659

Balance, June 30, 2020
$
19,843

 
$
(7
)
 
$
(21
)
 
$
13,077

 
$
32,892

 
Common Unitholders
 
General Partner
 
AOCI
 
Noncontrolling Interests
 
Total
Balance, December 31, 2018*
$
20,773

 
$
(5
)
 
$
(42
)
 
$
10,291

 
$
31,017

Distributions to partners
(799
)
 
(1
)
 

 

 
(800
)
Distributions to noncontrolling interests

 

 

 
(425
)
 
(425
)
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
17

 

 

 
12

 
29

Net income, excluding amounts attributable to redeemable noncontrolling interests
807

 
1

 

 
297

 
1,105

Balance, March 31, 2019*
20,798

 
(5
)
 
(34
)
 
10,408

 
31,167

Distributions to partners
(748
)
 
(1
)
 

 

 
(749
)
Distributions to noncontrolling interests

 

 

 
(388
)
 
(388
)
Subsidiary units issued

 

 

 
780

 
780

Capital contributions from noncontrolling interests

 

 

 
66

 
66

Other comprehensive income, net of tax

 

 
1

 

 
1

Other, net
50

 

 

 

 
50

Net income, excluding amounts attributable to redeemable noncontrolling interests
878

 
1

 

 
317

 
1,196

Balance, June 30, 2019*
$
20,978

 
$
(5
)
 
$
(33
)
 
$
11,183

 
$
32,123

*As adjusted. See Note 1.

The accompanying notes are an integral part of these consolidated financial statements.
5


ENERGY TRANSFER LP AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Dollars in millions)
(unaudited)
 
Six Months Ended
June 30,
 
2020
 
2019*
OPERATING ACTIVITIES:
 
 
 
Net income (loss)
$
(292
)
 
$
2,327

Reconciliation of net income (loss) to net cash provided by operating activities:
 
 
 
Depreciation, depletion and amortization
1,803

 
1,559

Deferred income taxes
125

 
138

Inventory valuation adjustments
137

 
(97
)
Non-cash compensation expense
63

 
58

Impairment losses
1,329

 
50

Losses on extinguishments of debt
62

 
18

Distributions on unvested awards
(21
)
 
(18
)
Equity in earnings of unconsolidated affiliates
(78
)
 
(142
)
Distributions from unconsolidated affiliates
125

 
170

Other non-cash
(53
)
 
44

Net change in operating assets and liabilities, net of effects of acquisitions
(65
)
 
(213
)
Net cash provided by operating activities
3,135

 
3,894

INVESTING ACTIVITIES:
 
 
 
Cash proceeds from sale of noncontrolling interest in subsidiary

 
93

Cash paid for all other acquisitions, net of cash received

 
(7
)
Capital expenditures, excluding allowance for equity funds used during construction
(2,892
)
 
(2,818
)
Contributions in aid of construction costs
47

 
41

Contributions to unconsolidated affiliates
(16
)
 
(254
)
Distributions from unconsolidated affiliates in excess of cumulative earnings
97

 
21

Proceeds from the sale of other assets
6

 
22

Other
(5
)
 
(40