Annual report [Section 13 and 15(d), not S-K Item 405]

Related Party Transactions (Tables)

v3.25.4
Related Party Transactions (Tables)
 12 Months Ended
Dec. 31, 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):
Year Ended December 31,
2025 2024 2023
Other revenues
Operating agreement and construction management agreement with equity method investee (1) $ 1  $ 9  $ 10 
Operating and maintenance expense
Natural gas transportation and storage agreements with equity method investees (1) 32  24  9 
Natural gas transportation and storage agreements with other related party (2) 28  73  62 
(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, $9 million and $10 million of other revenues and $1 million, $8 million and $9 million of operating and maintenance expense from the investee during the years ended December 31, 2025, 2024 and 2023, 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):
December 31,
2025 2024
Trade and other receivables, net of current expected credit losses $ —  $ 4 
Accrued liabilities 3  8