Sabine Pass Liquefaction, LLC

CIK:0001499200|SEC Filings

Statements of Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Statements of Income - USD ($) $ in Millions	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues
Revenues	$ 2,533	$ 2,406	$ 6,082	$ 5,344
Operating costs and expenses
Cost of sales	991	1,208	3,692	2,924
Operating and maintenance expense	324	392	648	706
General and administrative expense	17	17	35	35
Depreciation and amortization expense	143	141	285	281
Other operating costs and expenses	2	0	2	0
Total operating costs and expenses	1,477	1,758	4,662	3,946
Income from operations	1,056	648	1,420	1,398
Other income (expense)
Interest expense, net of capitalized interest	(77)	(103)	(158)	(208)
Other income (expense), net	(1)	21	2	24
Total other expense	(78)	(82)	(156)	(184)
Net income	978	566	1,264	1,214
LNG [Member]
Revenues
Revenues	2,533	2,406	6,082	5,344
Nonrelated Party [Member]
Operating costs and expenses
Cost of sales	978	1,195	3,619	2,898
Operating and maintenance expense	199	256	395	431
General and administrative expense	1	1	3	3
Other income (expense)
Other income (expense), net	(2)	2	0	5
Nonrelated Party [Member] \| LNG [Member]
Revenues
Revenues	1,902	1,857	4,605	4,124
Affiliate [Member]
Operating costs and expenses
Cost of sales	13	13	73	26
Operating and maintenance expense	125	123	253	247
General and administrative expense	16	16	32	32
Other income (expense)
Other income (expense), net	1	19	2	19
Affiliate [Member] \| LNG [Member]
Revenues
Revenues	631	549	1,477	1,220
Related Party [Member]
Operating costs and expenses
Operating and maintenance expense	$ 0	$ 13	$ 0	$ 28

Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
Statements of Cash Flows - USD ($) $ in Millions	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities
Net income	$ 1,264	$ 1,214
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	285	281
Amortization of discount and debt issuance costs	6	7
Total losses (gains) on derivative instruments, net	280	(121)
Net cash used for settlement of derivative instruments	(34)	(13)
Other, net	(1)	1
Changes in operating assets and liabilities:
Trade and other receivables	163	118
Trade and other receivables—affiliate	(58)	13
Trade receivables—related party	0	1
Advances to affiliates	2	(65)
Inventory	16	(3)
Accounts payable and accrued liabilities	(273)	(167)
Accrued liabilities—related party	0	(5)
Due to affiliates	(15)	(14)
Total deferred revenue	(21)	(14)
Other, net	(9)	(30)
Other, net—affiliate	(2)	0
Net cash provided by operating activities	1,603	1,203
Cash flows from investing activities
Property, plant and equipment	(199)	(81)
Net cash used in investing activities	(199)	(81)
Cash flows from financing activities
Proceeds from borrowings	160	265
Redemptions and repayments of debt and borrowings	(1,913)	(565)
Contributions	1,425	0
Distributions	(1,070)	(895)
Other	(2)	0
Net cash used in financing activities	(1,400)	(1,195)
Net increase (decrease) in restricted cash and cash equivalents	4	(73)
Restricted cash and cash equivalents—beginning of period	19	109
Restricted cash and cash equivalents—end of period	$ 23	$ 36

Balance Sheets - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets
Restricted cash and cash equivalents	$ 23	$ 19
Trade and other receivables, net of current expected credit losses	637	742
Advances to affiliates	127	127
Inventory	143	159
Prepaid expenses	41	28
Other current assets, net	38	42
Total current assets	1,009	1,117
Property, plant and equipment, net of accumulated depreciation	12,168	12,431
Other non-current assets, net	364	211
Total assets	$ 13,541	$ 13,759
Other Receivable, after Allowance for Credit Loss, Current, Related and Nonrelated Party Status [Extensible Enumeration]	Affiliated Entity [Member]	Affiliated Entity [Member]
Current liabilities
Accounts payable	$ 65	$ 46
Accrued liabilities	610	927
Current debt, net of unamortized discount and debt issuance costs	109	306
Deferred revenue	91	107
Current portion of deferred NPNS liabilities	103	0
Current derivative liabilities	93	164
Other current liabilities	2	5
Total current liabilities	1,073	1,555
Long-term debt, net of unamortized discount and debt issuance costs	4,888	6,437
Deferred NPNS liabilities	1,081	0
Derivative liabilities	27	900
Other non-current liabilities	117	125
Total liabilities	7,186	9,017
Member’s equity	6,355	4,742
Total liabilities and member’s equity	13,541	13,759
Nonrelated Party [Member]
Current assets
Trade and other receivables, net of current expected credit losses	340	503
Other current assets, net	16	20
Current liabilities
Accrued liabilities	562	864
Other current liabilities	0	4
Other non-current liabilities	99	104
Affiliate [Member]
Current assets
Trade and other receivables, net of current expected credit losses	297	239
Other current assets, net	22	22
Current liabilities
Accrued liabilities	48	63
Other current liabilities	2	1
Other non-current liabilities	$ 18	$ 21