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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Revenues $ 2,455 $ 1,894 $ 5,444 $ 4,189
Operating costs and expenses        
Cost of sales 1,196 661 2,899 1,629
Operating and maintenance expense 344 265 606 521
General and administrative expense 26 26 53 51
Depreciation and amortization expense 171 170 342 338
Other operating costs and expenses 3 6 3 9
Total operating costs and expenses 1,740 1,128 3,903 2,548
Income from operations 715 766 1,541 1,641
Other income (expense)        
Interest expense, net of capitalized interest (188) (202) (378) (404)
Loss on modification or extinguishment of debt 0 (3) 0 (3)
Interest and dividend income 4 9 9 18
Other income—affiliate 22 0 22 0
Total other expense (162) (196) (347) (389)
Net income $ 553 $ 570 $ 1,194 $ 1,252
Basic and diluted net income per common unit [1] $ 0.91 $ 0.95 $ 1.99 $ 2.13
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 $ 1,196 $ 661 $ 2,899 $ 1,625
Operating and maintenance expense 289 210 492 410
General and administrative expense 2 3 6 6
Other operating costs and expenses 2 5 2 8
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 42 39 86 82
General and administrative expense 24 23 47 45
Other operating costs and expenses 1 1 1 1
Other income (expense)        
Other income—affiliate 22 0 22 0
Related Party [Member]        
Operating costs and expenses        
Operating and maintenance expense 13 16 28 29
LNG [Member]        
Revenues        
Revenues 2,406 1,845 5,344 4,089
LNG [Member] | Nonrelated Party [Member]        
Revenues        
Revenues 1,857 1,454 4,124 3,174
LNG [Member] | Affiliate [Member]        
Revenues        
Revenues 549 391 1,220 915
Regasification [Member]        
Revenues        
Revenues 34 34 68 68
Other [Member]        
Revenues        
Revenues $ 15 $ 15 $ 32 $ 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.