Quarterly report [Sections 13 or 15(d)]

Related Party Transactions

v3.26.1
Related Party Transactions
 3 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
Related Party Transactions RELATED PARTY TRANSACTIONS
 
Below is a summary of our related party transactions, all in the ordinary course of business, as reported on our Consolidated Statements of Operations (in millions):
Three Months Ended March 31,
2026 2025
LNG revenues—affiliate
SPAs and Letter Agreements
 $ 846  $ 671 
Cost of sales—affiliate
SPAs and Letter Agreements
 44  — 
Contracts for Sale and Purchase of Natural Gas and LNG 2  — 
Total cost of sales—affiliate 46  — 
Operating and maintenance expense—affiliate
Services Agreements (see Note 1)
48  44 
Operating and maintenance expense—related party
Natural Gas Transportation and Storage Agreements (1) —  15 
General and administrative expense—affiliate
Services Agreements (see Note 1)
24  23 
Other income—affiliate
Services Agreements (see Note 1)
1 — 
(1)These arrangements were with a party who was partially owned by the investment management company that indirectly owns a portion of our limited partner interests, and, due to the sale of such interests by that entity effective May 13, 2025, this party is no longer considered a related party as of that date.

Assets and liabilities arising from the agreements with affiliates and other related parties referenced in the above table are classified as affiliate and related party, respectively, on our Consolidated Balance Sheets.

Disclosures relating to future consideration under revenue contracts with affiliates is included in Note 9—Revenues.

See our annual report on Form 10-K for the fiscal year ended December 31, 2025 for additional information regarding the agreements referenced in the above table, as well as a description of other agreements we have with our affiliates, including the Terminal Marine Services Agreement. Under this agreement, Tug Services distributed $2 million and $1 million during the three months ended March 31, 2026 and 2025, respectively, to Cheniere Terminals, which is recognized as part of the distributions to our general partner interest holders on our Consolidated Statements of Partners’ Equity (Deficit).