Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v3.25.0.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Revenues $ 8,704 $ 9,664 $ 17,206
Operating costs and expenses      
Cost of sales 3,574 2,743 12,100
Operating and maintenance expense 1,054 1,107 995
General and administrative expense 100 99 97
Depreciation and amortization expense 680 672 634
Other operating costs and expenses 16 7 0
Total operating costs and expenses 5,424 4,628 13,826
Income from operations 3,280 5,036 3,380
Other income (expense)      
Interest expense, net of capitalized interest (800) (823) (870)
Loss on modification or extinguishment of debt (3) (6) (33)
Interest and dividend income 33 46 21
Other income, net 0 1 0
Total other expense (770) (782) (882)
Net income $ 2,510 $ 4,254 $ 2,498
Basic and diluted net income per common unit [1] $ 4.25 $ 6.95 $ 3.27
Weighted average basic and diluted number of common units outstanding 484.0 484.0 484.0
Nonrelated Party [Member]      
Operating costs and expenses      
Cost of sales $ 3,570 $ 2,721 $ 11,887
Operating and maintenance expense 824 879 757
General and administrative expense 10 10 5
Other operating costs and expenses 14 6 0
Affiliate [Member]      
Operating costs and expenses      
Cost of sales 4 22 213
Operating and maintenance expense 172 166 166
General and administrative expense 90 89 92
Other operating costs and expenses 2 1 0
Related Party [Member]      
Operating costs and expenses      
Operating and maintenance expense 58 62 72
LNG [Member]      
Revenues      
Revenues 8,504 9,466 16,075
LNG [Member] | Nonrelated Party [Member]      
Revenues      
Revenues 6,550 6,991 11,507
LNG [Member] | Affiliate [Member]      
Revenues      
Revenues 1,954 2,475 4,568
Regasification [Member]      
Revenues      
Revenues 135 135 1,068
Other [Member]      
Revenues      
Revenues $ 65 $ 63 $ 63
[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 14—Net Income per Common Unit.