Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Revenues $ 1,933 $ 4,181 $ 4,850 $ 7,509
Operating costs and expenses (recoveries)        
Cost of sales 604 3,202 934 5,769
Operating and maintenance expense 315 247 581 467
General and administrative expense (recovery) 27 21 52 47
Depreciation and amortization expense 167 156 334 309
Other 2 0 2 0
Total operating costs and expenses 1,115 3,626 1,903 6,592
Income from operations 818 555 2,947 917
Other income (expense)        
Interest expense, net of capitalized interest (207) (216) (415) (419)
Loss on modification or extinguishment of debt (2) 0 (2) 0
Other income, net 13 3 27 3
Total other expense (196) (213) (390) (416)
Net income $ 622 $ 342 $ 2,557 $ 501
Basic and diluted net income (loss) per common unit [1] $ 0.84 $ 0.25 $ 4.35 $ 0.13
Weighted average basic and diluted number of common units outstanding 484.0 484.0 484.0 484.0
Nonrelated Party [Member]        
Operating costs and expenses (recoveries)        
Cost of sales $ 603 $ 3,144 $ 916 $ 5,706
Operating and maintenance expense 263 191 469 361
General and administrative expense (recovery) 3 (3) 6 0
Affiliate [Member]        
Operating costs and expenses (recoveries)        
Cost of sales 1 57 18 62
Operating and maintenance expense 38 41 82 79
General and administrative expense (recovery) 24 24 46 47
Related Party [Member]        
Operating costs and expenses (recoveries)        
Cost of sales 0 1 0 1
Operating and maintenance expense 14 15 30 27
LNG [Member]        
Revenues        
Revenues 1,884 4,098 4,751 7,343
LNG [Member] | Nonrelated Party [Member]        
Revenues        
Revenues 1,415 2,959 3,521 5,447
LNG [Member] | Affiliate [Member]        
Revenues        
Revenues 469 1,135 1,230 1,892
LNG [Member] | Related Party [Member]        
Revenues        
Revenues 0 4 0 4
Regasification [Member]        
Revenues        
Revenues 33 68 67 136
Other [Member]        
Revenues        
Revenues $ 16 $ 15 $ 32 $ 30
[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 per Common Unit.