Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v3.24.1.u1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Revenues $ 2,295 $ 2,917
Operating costs and expenses    
Cost of sales 968 330
Operating and maintenance expense 256 266
General and administrative expense 25 25
Depreciation and amortization expense 168 167
Other 3 0
Total operating costs and expenses 1,420 788
Income from operations 875 2,129
Other income (expense)    
Interest expense, net of capitalized interest (202) (208)
Interest and dividend income 9 14
Total other expense (193) (194)
Net income $ 682 $ 1,935
Basic and diluted net income per common unit [1] $ 1.18 $ 3.50
Weighted average basic and diluted number of common units outstanding 484.0 484.0
Nonrelated Party [Member]    
Operating costs and expenses    
Cost of sales $ 964 $ 313
Operating and maintenance expense 200 206
General and administrative expense 3 3
Affiliate [Member]    
Operating costs and expenses    
Cost of sales 4 17
Operating and maintenance expense 43 44
General and administrative expense 22 22
Related Party [Member]    
Operating costs and expenses    
Operating and maintenance expense 13 16
LNG [Member]    
Revenues    
Revenues 2,244 2,867
LNG [Member] | Nonrelated Party [Member]    
Revenues    
Revenues 1,720 2,106
LNG [Member] | Affiliate [Member]    
Revenues    
Revenues 524 761
LNG [Member] | Related Party [Member]    
Revenues    
Revenues 0 0
Regasification [Member]    
Revenues    
Revenues 34 34
Other [Member]    
Revenues    
Revenues $ 17 $ 16
[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.