Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Income

v3.26.3
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues        
Revenues $ 2,574 $ 2,404 $ 8,757 $ 7,848
Operating costs and expenses        
Cost of sales 1,276 1,278 4,803 4,177
Operating and maintenance expense 279 231 828 837
General and administrative expense 28 26 81 79
Depreciation and amortization expense 174 173 522 515
Other operating costs and expenses 2 0 7 3
Total operating costs and expenses 1,759 1,708 6,241 5,611
Income from operations 815 696 2,516 2,237
Other income (expense)        
Interest expense, net of capitalized interest (182) (189) (546) (567)
Other income (expense), net 6 (1) 16 30
Total other expense (176) (190) (530) (537)
Net income $ 639 $ 506 $ 1,986 $ 1,700
Basic net income per common unit [1] $ 1.01 $ 0.80 $ 3.34 $ 2.79
Diluted net income per common unit [1] $ 1.01 $ 0.80 $ 3.34 $ 2.79
Weighted average diluted number of common units outstanding - diluted 484 484 484 484
Weighted average basic number of common units outstanding - basic 484 484 484 484
Nonrelated Party [Member]        
Operating costs and expenses        
Cost of sales $ 1,276 $ 1,278 $ 4,757 $ 4,177
Operating and maintenance expense 236 191 692 683
General and administrative expense 3 3 9 9
Other operating costs and expenses 2 0 6 2
Other income (expense)        
Other income (expense), net 6 (2) 13 7
Affiliate [Member]        
Operating costs and expenses        
Cost of sales 0 0 46 0
Operating and maintenance expense 43 40 136 126
General and administrative expense 25 23 72 70
Other operating costs and expenses 0 0 1 1
Other income (expense)        
Other income (expense), net 0 1 3 23
Related Party [Member]        
Operating costs and expenses        
Operating and maintenance expense 0 0 0 28
LNG [Member]        
Revenues        
Revenues 2,523 2,355 8,605 7,699
LNG [Member] | Nonrelated Party [Member]        
Revenues        
Revenues 1,956 1,837 6,561 5,961
LNG [Member] | Affiliate [Member]        
Revenues        
Revenues 567 518 2,044 1,738
Regasification [Member]        
Revenues        
Revenues 34 34 102 102
Other [Member]        
Revenues        
Revenues $ 17 $ 15 $ 50 $ 47
[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.