Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v3.23.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Revenues $ 2,917 $ 3,328
Revenues from contracts with customers 2,917 3,328
Operating costs and expenses    
Cost of sales (excluding items shown separately below) 313 2,562
Cost of sales—affiliate 17 5
Operating and maintenance expense 206 170
Operating and maintenance expense—affiliate 44 38
Operating and maintenance expense—related party 16 12
General and administrative expense 3 3
General and administrative expense—affiliate 22 23
Depreciation and amortization expense 167 153
Total operating costs and expenses 788 2,966
Income from operations 2,129 362
Other income (expense)    
Interest expense, net of capitalized interest (208) (203)
Other income, net 14 0
Total other expense (194) (203)
Net income $ 1,935 $ 159
Basic and diluted net income (loss) per common unit [1] $ 3.50 $ (0.11)
Weighted average basic and diluted number of common units outstanding 484.0 484.0
LNG [Member]    
Revenues    
Revenues $ 2,106 $ 2,488
Revenues from contracts with customers 2,106 2,488
LNG—affiliate [Member]    
Revenues    
Revenues from contracts with customers 761 757
Regasification [Member]    
Revenues    
Revenues from contracts with customers 34 68
Other [Member]    
Revenues    
Revenues from contracts with customers $ 16 $ 15
[1] In computing basic and diluted net income per common unit, net income is reduced by the amount of undistributed net income allocated to participating securities other than common units, as required under the two-class method. See Note 12—Net Income (Loss) per Common Unit.