Overview Financials News + Filings Key Docs Charts Transactions Holdings Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Natural Gas Liquids | 19,066.8 | 14,391.9 | 7,090.0 | 8,532.5 | 10,934.6 | 10,626.2 | 7,675.7 | 6,579.7 |
| Natural Gas Gathering and Processing | 6,533.5 | 4,461.5 | 1,820.1 | 2,368.6 | 3,034.6 | 3,026.6 | 2,051.6 | 1,837.1 |
| Natural Gas Pipelines | 578.5 | 606.9 | 480.0 | 472.0 | 431.7 | 419.9 | 379.4 | 332.4 |
| Total revenues [+] | 22,386.9 | 16,540.3 | 8,542.2 | 10,164.4 | 12,593.2 | 12,173.9 | 8,920.9 | 7,763.2 |
| Products | | | | | | | 6,858.5 | 6,098.3 |
| Services | | | | | | | 2,062.5 | 1,664.9 |
| Revenue growth [+] | 35.3% | 93.6% | -16.0% | -19.3% | 3.4% | 36.5% | 14.9% | -36.3% |
| Natural Gas Liquids | 32.5% | 103.0% | -16.9% | -22.0% | 2.9% | 38.4% | 16.7% | -37.6% |
| Natural Gas Gathering and Processing | 46.4% | 145.1% | -23.2% | -21.9% | 0.3% | 47.5% | 11.7% | -38.1% |
| Natural Gas Pipelines | -4.7% | 26.4% | 1.7% | 9.3% | 2.8% | 10.7% | 14.1% | -5.1% |
| Cost of goods sold [+] | 17,909.9 | 12,256.7 | 5,110.1 | 6,788.0 | 9,422.7 | 9,538.0 | 6,496.1 | 5,641.1 |
| Other direct costs | 958.2 | 900.4 | 761.2 | 863.7 | 803.1 | 724.3 | 658.2 | 605.7 |
| Gross profit | 4,477.0 | 4,283.7 | 3,432.1 | 3,376.3 | 3,170.5 | 2,635.9 | 2,424.8 | 2,122.2 |
| Gross margin | 20.0% | 25.9% | 40.2% | 33.2% | 25.2% | 21.7% | 27.2% | 27.3% |
| Selling, general and administrative [+] | 732.4 | 623.1 | 1,187.2 | 119.2 | 103.9 | 98.4 | 88.8 | 87.6 |
| General and administrative | | | | 119.2 | 103.9 | 98.4 | 88.8 | 87.6 |
| Equity in earnings | 147.7 | 122.5 | 143.2 | 154.5 | 158.4 | 159.3 | 139.7 | 125.3 |
| Other operating expenses | 311.1 | 442.6 | -302.3 | 863.7 | 803.1 | 724.3 | 658.2 | 605.7 |
| EBITDA [+] | 3,581.3 | 3,340.5 | 2,690.5 | 2,548.0 | 2,421.8 | 1,972.4 | 1,817.4 | 1,554.2 |
| EBITDA growth | 7.2% | 24.2% | 5.6% | 5.2% | 22.8% | 8.5% | 16.9% | -0.4% |
| EBITDA margin | 16.0% | 20.2% | 31.5% | 25.1% | 19.2% | 16.2% | 20.4% | 20.0% |
| Depreciation and amortization | 626.1 | 621.7 | 578.7 | 476.5 | 428.6 | 406.3 | 391.6 | 354.6 |
| EBIT [+] | 2,955.1 | 2,718.8 | 2,111.8 | 2,071.5 | 1,993.2 | 1,566.1 | 1,425.8 | 1,199.5 |
| EBIT growth | 8.7% | 28.7% | 1.9% | 3.9% | 27.3% | 9.8% | 18.9% | -4.4% |
| EBIT margin | 13.2% | 16.4% | 24.7% | 20.4% | 15.8% | 12.9% | 16.0% | 15.5% |
| Non-recurring items [+] | | | 607.2 | 2.6 | -0.6 | 15.0 | -9.6 | 78.1 |
| Asset impairment | | | 607.2 | | | 16.0 | | 83.7 |
| Loss (gain) on sale of assets | | | | 2.6 | -0.6 | -0.9 | -9.6 | -5.6 |
| Interest expense | 675.9 | 732.9 | 712.9 | 491.8 | 469.6 | 485.7 | 469.7 | 416.8 |
| Interest expense | 675.9 | 732.9 | 712.9 | 491.8 | 469.6 | 485.7 | 469.7 | 416.8 |
| Other income (expense), net [+] | -29.5 | -1.7 | 10.6 | 73.9 | -6.3 | -24.6 | -7.9 | -182.8 |
| Impairment of equity method investments | | | -37.7 | | | -4.3 | | -180.6 |
| Other non-operating income | | | | | 0.7 | 15.4 | 6.1 | 0.4 |
| Other non-ooperating expenses | | | | | -14.9 | -35.8 | -14.2 | -4.8 |
| Other | -32.1 | -3.3 | 24.7 | 9.1 | 14.3 | 20.4 | 8.1 | 4.4 |
| Pre-tax income | 2,249.6 | 1,984.2 | 802.3 | 1,651.0 | 1,517.9 | 1,040.8 | 958.0 | 521.9 |
| Income taxes | 527.4 | 484.5 | 189.5 | 372.4 | 362.9 | 447.3 | 212.4 | 136.6 |
| Tax rate | 23.4% | 24.4% | 23.6% | 22.6% | 23.9% | 43.0% | 22.2% | 26.2% |
| Minority interest | | | | | 3.3 | 205.7 | 391.5 | 134.2 |
| Earnings from continuing ops | 1,721.1 | 1,498.6 | 611.7 | 1,277.5 | 1,150.6 | 387.1 | 354.1 | 251.1 |
| Earnings from discontinued ops | | | | | | | -2.1 | -6.1 |
| Net income | 1,721.1 | 1,498.6 | 611.7 | 1,277.5 | 1,150.6 | 387.1 | 352.0 | 245.0 |
| Net margin | 7.7% | 9.1% | 7.2% | 12.6% | 9.1% | 3.2% | 3.9% | 3.2% |
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| Basic EPS [+] | $3.85 | $3.36 | $1.42 | $3.09 | $2.80 | $1.30 | $1.68 | $1.19 |
| Growth | 14.6% | 136.6% | -54.1% | 10.5% | 114.9% | -22.4% | 40.4% | -74.7% |
| Diluted EPS [+] | $3.84 | $3.35 | $1.42 | $3.07 | $2.78 | $1.29 | $1.67 | $1.19 |
| Growth | 14.6% | 136.4% | -53.9% | 10.7% | 115.1% | -22.6% | 39.8% | -74.6% |
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| Dividends per share [+] | $3.74 | $3.74 | $3.74 | $3.53 | $3.25 | $2.72 | $2.46 | $2.43 |
| Growth | 0.0% | 0.0% | 5.9% | 8.8% | 19.3% | 10.6% | 1.2% | 14.4% |
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| Shares outstanding (basic) [+] | 447.5 | 446.4 | 431.1 | 413.6 | 411.5 | 297.5 | 211.1 | 210.2 |
| Growth | 0.2% | 3.5% | 4.2% | 0.5% | 38.3% | 40.9% | 0.4% | 0.4% |
| Shares outstanding (diluted) [+] | 448.4 | 447.4 | 431.8 | 415.4 | 414.2 | 299.8 | 212.4 | 210.5 |
| Growth | 0.2% | 3.6% | 3.9% | 0.3% | 38.2% | 41.2% | 0.9% | 0.1% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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