Income Taxes |
9 Months Ended |
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Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | INCOME TAXES We recorded an income tax provision of $168 million and $193 million during the three and nine months ended September 30, 2026, respectively, and an income tax provision of $303 million and $850 million for the same periods of 2025, which was calculated using the annual effective tax rate method.
Our effective tax rate was 10.2% and 10.1% during the three and nine months ended September 30, 2026, respectively, as compared to 18.9% and 18.0% for the same periods of 2025. Our effective tax rate decreased between the comparable periods primarily due to a change in the proportion of our pre-tax income attributable to CQP, which is partially not taxable to us, and increased Foreign Derived Deduction Eligible Income (“FDDEI”) deduction. For all periods presented, the effective tax rate was lower than the 21.0% statutory rate primarily due to CQP’s income that is partially not taxable to us, with the FDDEI deduction further reducing the effective tax rate for the three and nine months ended September 30, 2026.
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- References No definition available.
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- Definition The entire disclosure for income tax. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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