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 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Revenues $ 2,583 $ 2,455 $ 6,183 $ 5,444
Operating costs and expenses        
Cost of sales 765 1,196 3,527 2,899
Operating and maintenance expense 275 344 549 606
General and administrative expense 26 26 53 53
Depreciation and amortization expense 174 171 348 342
Other operating costs and expenses 3 3 5 3
Total operating costs and expenses 1,243 1,740 4,482 3,903
Income from operations 1,340 715 1,701 1,541
Other income (expense)        
Interest expense, net of capitalized interest (183) (188) (364) (378)
Other income, net 4 26 10 31
Total other expense (179) (162) (354) (347)
Net income $ 1,161 $ 553 $ 1,347 $ 1,194
Basic and diluted net income per common unit [1] $ 2.14 $ 0.91 $ 2.33 $ 1.99
Weighted average basic and diluted number of common units outstanding 484 484 484 484
Nonrelated Party [Member]        
Operating costs and expenses        
Cost of sales $ 765 $ 1,196 $ 3,481 $ 2,899
Operating and maintenance expense 230 289 456 492
General and administrative expense 3 2 6 6
Other operating costs and expenses 2 2 4 2
Other income (expense)        
Other income, net 2 4 7 9
Affiliate [Member]        
Operating costs and expenses        
Cost of sales 0 0 46 0
Operating and maintenance expense 45 42 93 86
General and administrative expense 23 24 47 47
Other operating costs and expenses 1 1 1 1
Other income (expense)        
Other income, net 2 22 3 22
Related Party [Member]        
Operating costs and expenses        
Operating and maintenance expense 0 13 0 28
LNG [Member]        
Revenues        
Revenues 2,533 2,406 6,082 5,344
LNG [Member] | Nonrelated Party [Member]        
Revenues        
Revenues 1,902 1,857 4,605 4,124
LNG [Member] | Affiliate [Member]        
Revenues        
Revenues 631 549 1,477 1,220
Regasification [Member]        
Revenues        
Revenues 34 34 68 68
Other [Member]        
Revenues        
Revenues $ 16 $ 15 $ 33 $ 32
[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.