Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Revenues $ 2,128 $ 4,976 $ 6,978 $ 12,485
Operating costs and expenses        
Cost of sales 684 4,843 1,618 10,612
Operating and maintenance expense 263 246 844 713
General and administrative expense 22 26 74 73
Depreciation and amortization expense 166 160 500 469
Other 5 0 7 0
Total operating costs and expenses 1,140 5,275 3,043 11,867
Income (loss) from operations 988 (299) 3,935 618
Other income (expense)        
Interest expense, net of capitalized interest (205) (222) (620) (641)
Loss on modification or extinguishment of debt (4) 0 (6) 0
Interest and dividend income 12 7 39 10
Total other expense (197) (215) (587) (631)
Net income (loss) $ 791 $ (514) $ 3,348 $ (13)
Basic and diluted net income (loss) per common unit [1] $ 1.19 $ (1.49) $ 5.53 $ (1.36)
Weighted average basic and diluted number of common units outstanding 484.0 484.0 484.0 484.0
Nonrelated Party [Member]        
Operating costs and expenses        
Cost of sales $ 682 $ 4,739 $ 1,598 $ 10,445
Operating and maintenance expense 211 189 680 550
General and administrative expense 2 3 8 3
Other 4 0 6 0
Affiliate [Member]        
Operating costs and expenses        
Cost of sales 2 104 20 166
Operating and maintenance expense 38 39 120 118
General and administrative expense 20 23 66 70
Other 1 0 1 0
Related Party [Member]        
Operating costs and expenses        
Cost of sales 0 0 0 1
Operating and maintenance expense 14 18 44 45
LNG [Member]        
Revenues        
Revenues 2,079 4,506 6,830 11,849
LNG [Member] | Nonrelated Party [Member]        
Revenues        
Revenues 1,564 3,130 5,085 8,577
LNG [Member] | Affiliate [Member]        
Revenues        
Revenues 515 1,376 1,745 3,268
LNG [Member] | Related Party [Member]        
Revenues        
Revenues 0 0 0 4
Regasification [Member]        
Revenues        
Revenues 34 455 101 591
Other [Member]        
Revenues        
Revenues $ 15 $ 15 $ 47 $ 45
[1] In computing basic and diluted net income (loss) per common unit, net income (loss) is reduced by the amount of undistributed net income (loss) allocated to participating securities other than common units, as required under the two-class method. See Note 12—Net Income (Loss) per Common Unit.