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
Table of Contents

 
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
 


Table of Contents

FORM 10-Q
ENERGY TRANSFER OPERATING, L.P. AND SUBSIDIARIES
TABLE OF CONTENTS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


i

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
 
 
 
 


ii

Table of Contents

 
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



iii

Table of Contents

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

Table of Contents

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

Table of Contents

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

Table of Contents

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

Table of Contents

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

Table of Contents

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

 

 

 

 

 
(54
)
 
(54
)
Other comprehensive income, net of tax

 

 

 
1

 

 

 
1

Other, net
(2
)
 
(16
)
 
(17
)
 
(2
)
 
(6
)
 
1

 
(42
)
Net income (loss)
24

 
289

 
402

 

 
164