Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v3.22.2.2
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Revenues $ 4,976 $ 2,324 $ 12,485 $ 6,176
Revenues from contracts with customers 4,979 2,324 12,484 6,176
Operating costs and expenses        
Cost of sales (excluding items shown separately below) 4,739 1,342 10,445 3,178
Cost of sales—affiliate 104 8 166 62
Cost of sales—related party 0 0 1 1
Operating and maintenance expense 189 148 550 465
Operating and maintenance expense—affiliate 39 34 118 103
Operating and maintenance expense—related party 18 12 45 34
General and administrative expense 3 2 3 7
General and administrative expense—affiliate 23 22 70 64
Depreciation and amortization expense 160 140 469 417
Other 0 0 0 7
Total operating costs and expenses 5,275 1,708 11,867 4,338
Income (loss) from operations (299) 616 618 1,838
Other income (expense)        
Interest expense, net of capitalized interest (222) (210) (641) (636)
Loss on modification or extinguishment of debt 0 (27) 0 (81)
Other income, net 7 2 10 2
Total other expense (215) (235) (631) (715)
Net income (loss) $ (514) $ 381 $ (13) $ 1,123
Net Income (Loss), Per Outstanding Limited Partnership and General Partnership Unit, Basic and Diluted, Net of Tax $ (1.49) $ 0.69 $ (1.36) $ 2.07
Weighted average units outstanding 484.0 484.0 484.0 484.0
LNG [Member]        
Revenues        
Revenues $ 3,130 $ 1,791 $ 8,577 $ 5,057
Revenues from contracts with customers 3,133 1,791 8,576 5,057
LNG—affiliate [Member]        
Revenues        
Revenues from contracts with customers 1,376 453 3,268 878
LNG—related party[Member]        
Revenues        
Revenues from contracts with customers 0 0 4 0
Regasification [Member]        
Revenues        
Revenues from contracts with customers 455 68 591 202
Other [Member]        
Revenues        
Revenues from contracts with customers $ 15 $ 12 $ 45 $ 39