Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Income

v3.25.3
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Revenues $ 2,404 $ 2,055 $ 7,848 $ 6,244
Operating costs and expenses        
Cost of sales 1,278 773 4,177 2,402
Operating and maintenance expense 231 256 837 777
General and administrative expense 26 25 79 76
Depreciation and amortization expense 173 171 515 509
Other operating costs and expenses 0 3 3 12
Total operating costs and expenses 1,708 1,228 5,611 3,776
Income from operations 696 827 2,237 2,468
Other income (expense)        
Interest expense, net of capitalized interest (189) (199) (567) (603)
Loss on modification or extinguishment of debt (7) 0 (7) (3)
Interest and dividend income 5 7 14 25
Other income—affiliate 1 0 23 0
Total other expense (190) (192) (537) (581)
Net income $ 506 $ 635 $ 1,700 $ 1,887
Basic and diluted net income per common unit [1] $ 0.80 $ 1.08 $ 2.79 $ 3.21
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 $ 1,278 $ 773 $ 4,177 $ 2,398
Operating and maintenance expense 191 200 683 610
General and administrative expense 3 2 9 8
Other operating costs and expenses 0 2 2 10
Other income (expense)        
Other income—affiliate 0 0 0 0
Affiliate [Member]        
Operating costs and expenses        
Cost of sales 0 0 0 4
Operating and maintenance expense 40 41 126 123
General and administrative expense 23 23 70 68
Other operating costs and expenses 0 1 1 2
Other income (expense)        
Other income—affiliate 1 0 23 0
Related Party [Member]        
Operating costs and expenses        
Operating and maintenance expense 0 15 28 44
LNG [Member]        
Revenues        
Revenues 2,355 2,005 7,699 6,094
LNG [Member] | Nonrelated Party [Member]        
Revenues        
Revenues 1,837 1,479 5,961 4,653
LNG [Member] | Affiliate [Member]        
Revenues        
Revenues 518 526 1,738 1,441
Regasification [Member]        
Revenues        
Revenues 34 34 102 102
Other [Member]        
Revenues        
Revenues $ 15 $ 16 $ 47 $ 48
[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.