| Schedule of Segment Reporting Information, by Segment |
The following tables present financial information by segment for the years ended December 31, 2025, 2024 and 2023.
| | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | 2023 | | Revenues: | | | | | | | Fuel Distribution | | | | | | | Revenues from external customers | $ | 23,862 | | | $ | 21,781 | | | $ | 22,955 | | | Intersegment revenues | 71 | | | 41 | | | 31 | | | 23,933 | | | 21,822 | | | 22,986 | | | Pipeline Systems | | | | | | | Revenues from external customers | 729 | | | 562 | | | 1 | | | Intersegment revenues | 22 | | | 3 | | | — | | | 751 | | | 565 | | | 1 | | | Terminals | | | | | | | Revenues from external customers | 433 | | | 350 | | | 112 | | | Intersegment revenues | 971 | | | 985 | | | 373 | | | 1,404 | | | 1,335 | | | 485 | | | Refinery | | | | | | | Revenues from external customers | 177 | | | — | | | — | | | Intersegment revenues | 297 | | | — | | | — | | | 474 | | | — | | | — | | | Eliminations | (1,361) | | | (1,029) | | | (404) | | | Total | $ | 25,201 | | | $ | 22,693 | | | $ | 23,068 | |
| | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | 2023 | | Cost of sales: | | | | | | | Fuel Distribution | $ | 22,419 | | | $ | 20,635 | | | $ | 21,761 | | | Pipeline Systems | 13 | | | 30 | | | (2) | | | Terminals | 904 | | | 959 | | | 348 | | | Refinery | 434 | | | — | | | — | | | Eliminations | (1,361) | | | (1,029) | | | (404) | | | Total | $ | 22,409 | | | $ | 20,595 | | | $ | 21,703 | |
| | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | 2023 | | Operating and lease expenses, excluding non-cash unit-based compensation: | | | | | | | Fuel Distribution | $ | 492 | | | $ | 325 | | | $ | 350 | | | Pipeline Systems | 196 | | | 136 | | | 2 | | | Terminals | 181 | | | 150 | | | 67 | | | Refinery | 5 | | | — | | | — | | | Total | $ | 874 | | | $ | 611 | | | $ | 419 | |
| | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | 2023 | | General and administrative expenses, excluding non-cash unit-based compensation: | | | | | | | Fuel Distribution | $ | 206 | | | $ | 88 | | | $ | 113 | | | Pipeline Systems | 42 | | | 123 | | | — | | | Terminals | 33 | | | 55 | | | 1 | | | Refinery | 1 | | | — | | | — | | | Total | $ | 282 | | | $ | 266 | | | $ | 114 | |
| | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | 2023 | Other(1): | | | | | | | Fuel Distribution | $ | (174) | | | $ | (134) | | | $ | (103) | | | Pipeline Systems | (218) | | | (101) | | | (10) | | | Terminals | (13) | | | (1) | | | (19) | | | Refinery | (6) | | | — | | | — | | | Total | $ | (411) | | | $ | (236) | | | $ | (132) | |
(1) Other by segment includes Adjusted EBITDA from unconsolidated affiliates, unrealized gains and losses on commodity derivatives, inventory valuation adjustments and other less significant items, as applicable. | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | 2023 | | Segment Adjusted EBITDA: | | | | | | | Fuel Distribution | $ | 990 | | | $ | 908 | | | $ | 865 | | | Pipeline Systems | 718 | | | 377 | | | 11 | | | Terminals | 299 | | | 172 | | | 88 | | | Refinery | 40 | | | — | | | — | | | Total | $ | 2,047 | | | $ | 1,457 | | | $ | 964 | |
| | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | 2023 | | Reconciliation of net income to Adjusted EBITDA: | | | | | | | Net income | $ | 527 | | | $ | 874 | | | $ | 394 | | | Depreciation, amortization and accretion | 688 | | | 368 | | | 187 | | | Interest expense, net | 541 | | | 391 | | | 217 | | | Non-cash unit-based compensation expense | 19 | | | 17 | | | 17 | | | (Gain) loss on disposal of assets and impairment charges | (6) | | | 45 | | | (7) | | | Loss on extinguishment of debt | 31 | | | 2 | | | — | | | Unrealized (gains) losses on commodity derivatives | (11) | | | 12 | | | (21) | | | Inventory valuation adjustments | 156 | | | 86 | | | 114 | | | Equity in earnings of unconsolidated affiliates | (143) | | | (60) | | | (5) | | | Adjusted EBITDA related to unconsolidated affiliates | 221 | | | 101 | | | 10 | | | Gain on West Texas Sale | — | | | (586) | | | — | | | Other non-cash adjustments | (38) | | | 32 | | | 22 | | | Income tax expense | 62 | | | 175 | | | 36 | | | Adjusted EBITDA (consolidated) | $ | 2,047 | | | $ | 1,457 | | | $ | 964 | |
Additions to property, plant and equipment (excluding acquisitions) by reportable segment were as follows: | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | 2023 | | Fuel Distribution | $ | 339 | | | $ | 231 | | | $ | 182 | | | Pipeline Systems | 87 | | | 44 | | | 5 | | | Terminals | 124 | | | 69 | | | 28 | | | Refinery | 27 | | | — | | | — | | | Total | $ | 577 | | | $ | 344 | | | $ | 215 | |
The following table shows total revenues by geographic area: | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | 2023 | | United States | $ | 22,495 | | | $ | 22,649 | | | $ | 23,068 | | | Canada | 1,703 | | | — | | | — | | | Foreign | 1,003 | | | 44 | | | — | | | Total | $ | 25,201 | | | $ | 22,693 | | | $ | 23,068 | |
The following table shows long-lived assets by geographic area: | | | | | | | | | | | | | | | December 31,
2025 | | December 31, 2024 | | | | United States | $ | 9,053 | | | $ | 7,907 | | | | | Canada | 4,268 | | | — | | | | | Foreign | 1,536 | | | 244 | | | | | Total | $ | 14,857 | | | $ | 8,151 | | | |
|