Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Income

v3.26.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Revenues $ 3,600 $ 2,989
Operating costs and expenses    
Cost of sales 2,762 1,703
Operating and maintenance expense 274 262
General and administrative expense 27 27
Depreciation and amortization expense 174 171
Other operating costs and expenses 2 0
Total operating costs and expenses 3,239 2,163
Income from operations 361 826
Other income (expense)    
Interest expense, net of capitalized interest (181) (190)
Interest and dividend income 5 5
Other income—affiliate 1 0
Total other expense (175) (185)
Net income $ 186 $ 641
Basic and diluted net income per common unit [1] $ 0.19 $ 1.08
Weighted average basic and diluted number of common units outstanding 484 484
Nonrelated Party [Member]    
Operating costs and expenses    
Cost of sales $ 2,716 $ 1,703
Operating and maintenance expense 226 203
General and administrative expense 3 4
Affiliate [Member]    
Operating costs and expenses    
Cost of sales 46 0
Operating and maintenance expense 48 44
General and administrative expense 24 23
Other operating costs and expenses 0 0
Other income (expense)    
Other income—affiliate 1 0
Related Party [Member]    
Operating costs and expenses    
Operating and maintenance expense 0 15
LNG [Member]    
Revenues    
Revenues 3,549 2,938
LNG [Member] | Nonrelated Party [Member]    
Revenues    
Revenues 2,703 2,267
LNG [Member] | Affiliate [Member]    
Revenues    
Revenues 846 671
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.