Q2 2026 Earnings

Operating metrics disclosed this quarter

Read from the filing itself — XBRL does not carry these, so no standard financial dataset has them.

• Firm Transportation and Storage Performance Obligations

  $6.81B

  Unsatisfied Performance Obligations - We do not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) variable consideration on contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. The following table presents aggregate value allocated to unsatisfied performance obligations as of June 30, 2026, and the amounts we expect to recognize in revenue in future periods, related primarily to firm transportation and storage contracts with remaining contract terms ranging from one month to 23 years. Expected Period of Recognition in Revenue | | | (Millions of dollars) Remainder of 2026 | | | $ | | 719 2027 | | | 1,221 2028 | | | 1,051 2029 | | | 884 2030 and beyond | | | 2,936 Total | | | $ | | 6,811

• Transportation Capacity Contracted

  92.0%

  Three Months Ended | | Six Months Ended June 30, | | June 30, Operating Information (a) | | 2026 | | | 2025 | | 2026 | | | 2025 Natural gas transportation capacity contracted ( MDth/d ) 7,735 | | | | 7,206 | | | 7,786 | | | | 7,254 Transportation capacity contracted | | 92 | | % | | | 90 | | % | | 92 | | % | | | 90 | | % (a) - Included capacity contracted for consolidated entities only.

• Natural Gas Transportation Capacity Contracted

  7.7K

  Three Months Ended | | Six Months Ended June 30, | | June 30, Operating Information (a) | | 2026 | | | 2025 | | 2026 | | | 2025 Natural gas transportation capacity contracted ( MDth/d ) 7,735 | | | | 7,206 | | | 7,786 | | | | 7,254 Transportation capacity contracted | | 92 | | % | | | 90 | | % | | 92 | | % | | | 90 | | % (a) - Included capacity contracted for consolidated entities only.

• Credit-Supported Downstream Commodity Sales

  85.0%

  We assess the creditworthiness of our counterparties on an ongoing basis and require security, including prepayments, letters of credit, liens and other forms of collateral, when appropriate. Certain of our counterparties may be impacted by a relatively low commodity price environment and could experience financial problems, which could result in nonpayment and/or nonperformance, which could adversely impact our results of operations. In our Natural Gas Liquids, Natural Gas Pipelines and Refined Products and Crude segments, the creditworthiness of our counterparties, which are primarily investment grade, is consistent with that discussed in Part II, Item 7A, “Quantitative and Qualitative Disclosures about Market Risk,” in our Annual Report. In our Natural Gas Gathering and Processing segment, for the six months ended June 30, 2026, approximately 85% of the downstream commodity sales were made to customers rated investment-grade by S&P, approved through comparable internal counterparty analysis or were secured by letters of credit or other collateral.