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 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Revenues $ 2,055 $ 2,128 $ 6,244 $ 6,978
Operating costs and expenses        
Cost of sales 773 684 2,402 1,618
Operating and maintenance expense 256 263 777 844
General and administrative expense 25 22 76 74
Depreciation and amortization expense 171 166 509 500
Other operating costs and expenses 3 5 12 7
Total operating costs and expenses 1,228 1,140 3,776 3,043
Income from operations 827 988 2,468 3,935
Other income (expense)        
Interest expense, net of capitalized interest (199) (205) (603) (620)
Loss on modification or extinguishment of debt 0 (4) (3) (6)
Interest and dividend income 7 12 25 39
Total other expense (192) (197) (581) (587)
Net income $ 635 $ 791 $ 1,887 $ 3,348
Basic and diluted net income per common unit [1] $ 1.08 $ 1.19 $ 3.21 $ 5.53
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        
Cost of sales $ 773 $ 682 $ 2,398 $ 1,598
Operating and maintenance expense 200 211 610 680
General and administrative expense 2 2 8 8
Other operating costs and expenses 2 4 10 6
Affiliate [Member]        
Operating costs and expenses        
Cost of sales 0 2 4 20
Operating and maintenance expense 41 38 123 120
General and administrative expense 23 20 68 66
Other operating costs and expenses 1 1 2 1
Related Party [Member]        
Operating costs and expenses        
Operating and maintenance expense 15 14 44 44
LNG [Member]        
Revenues        
Revenues 2,005 2,079 6,094 6,830
LNG [Member] | Nonrelated Party [Member]        
Revenues        
Revenues 1,479 1,564 4,653 5,085
LNG [Member] | Affiliate [Member]        
Revenues        
Revenues 526 515 1,441 1,745
Regasification [Member]        
Revenues        
Revenues 34 34 102 101
Other [Member]        
Revenues        
Revenues $ 16 $ 15 $ 48 $ 47
[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 11—Net Income per Common Unit.