Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Income

v3.25.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Revenues $ 2,989 $ 2,295
Operating costs and expenses    
Cost of sales 1,703 968
Operating and maintenance expense 262 256
General and administrative expense 27 25
Depreciation and amortization expense 171 168
Other operating costs and expenses 0 3
Total operating costs and expenses 2,163 1,420
Income from operations 826 875
Other income (expense)    
Interest expense, net of capitalized interest (190) (202)
Interest and dividend income 5 9
Total other expense (185) (193)
Net income $ 641 $ 682
Basic and diluted net income per common unit [1] $ 1.08 $ 1.18
Weighted average basic and diluted number of common units outstanding 484.0 484.0
Nonrelated Party [Member]    
Operating costs and expenses    
Cost of sales $ 1,703 $ 964
Operating and maintenance expense 203 200
General and administrative expense 4 3
Other operating costs and expenses 0 3
Affiliate [Member]    
Operating costs and expenses    
Cost of sales 0 4
Operating and maintenance expense 44 43
General and administrative expense 23 22
Other operating costs and expenses 0 0
Related Party [Member]    
Operating costs and expenses    
Operating and maintenance expense 15 13
LNG [Member]    
Revenues    
Revenues 2,938 2,244
LNG [Member] | Nonrelated Party [Member]    
Revenues    
Revenues 2,267 1,720
LNG [Member] | Affiliate [Member]    
Revenues    
Revenues 671 524
Regasification [Member]    
Revenues    
Revenues 34 34
Other [Member]    
Revenues    
Revenues $ 17 $ 17
[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.