Quarterly report [Sections 13 or 15(d)]

Related Party Transactions (Tables)

v3.25.3
Related Party Transactions (Tables)
9 Months Ended
Sep. 30, 2025
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
Below is a summary of our related party transactions, all in the ordinary course of business, as reported on our Consolidated Statements of Operations (in millions):
Three Months Ended September 30, Nine Months Ended September 30,
2025 2024 2025 2024
Other revenues
Operating agreement and construction management agreement with equity method investee (1) $ —  $ $ $
Operating and maintenance expense
Natural gas transportation and storage agreements with equity method investees (1) 10  24  15 
Natural gas transportation and storage agreements with other related party (2) —  15  28  44 
(1)On February 13, 2025, we sold all of our equity interests in one of our equity method investments to a third party. Additionally, we assigned certain operating and construction management agreements to the purchaser of such interests. Included in the table above are $1 million of other revenues and $1 million of operating and maintenance expense from the investee during the nine months ended September 30, 2025 and $3 million and $7 million of other revenues and $2 million and $7 million of operating and maintenance expense from the investee during the three and nine months ended September 30, 2024, respectively.
(2)These arrangements were with a party that was related to the entity that indirectly owns a portion of CQP’s limited partner interests. Due to the sale of such interests by that entity effective May 13, 2025, this party is no longer considered a related party as of that date.

Below is a summary of our related party balances, all in the ordinary course of business, as reported on our Consolidated Balance Sheets (in millions):
September 30, December 31,
2025 2024
Trade and other receivables, net of current expected credit losses $ —  $
Accrued liabilities