v3.25.3
Segment Information (Details)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
project
Sep. 30, 2024
USD ($)
Sep. 30, 2025
USD ($)
segment
project
Sep. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Segment Reporting [Abstract]          
Number of projects | project 5   5    
Number of reportable segments | segment     4    
Segment Reporting Information [Line Items]          
Revenue $ 3,329 $ 926 $ 9,324 $ 3,448  
Operating expense          
Cost of sales 1,388 272 3,866 937  
Operating and maintenance expense 245 143 714 378  
General and administrative expense 105 77 313 224  
Development expense 53 156 292 511  
Depreciation and amortization 218 89 701 229  
Total operating expense 2,009 737 5,886 2,279  
INCOME FROM OPERATIONS 1,320 189 3,438 1,169  
Interest income 27 53 121 187  
Interest expense, net (421) (128) (1,007) (467)  
Loss on interest rate swaps (144) (480) (448) 70  
Loss on financing transactions (141) (6) (204) (14)  
Loss on foreign currency transactions (4) 0 (4) 0  
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT) 637 (372) 1,896 945  
Capital expenditures     9,804 10,256  
Total assets 50,079   50,079   $ 43,491
Operating segments | Calcasieu Project          
Segment Reporting Information [Line Items]          
Revenue 711 1,024 3,284 3,546  
Operating expense          
Cost of sales 463 297 1,595 964  
Operating and maintenance expense 82 105 300 296  
General and administrative expense 3 4 11 11  
Development expense 0 1 0 5  
Depreciation and amortization 46 77 176 204  
Total operating expense 594 484 2,082 1,480  
INCOME FROM OPERATIONS 117 540 1,202 2,066  
Capital expenditures     72 184  
Total assets 6,830   6,830   7,181
Operating segments | Plaquemines Project          
Segment Reporting Information [Line Items]          
Revenue 2,525 0 5,806 0  
Operating expense          
Cost of sales 973 0 2,395 0  
Operating and maintenance expense 99 26 264 73  
General and administrative expense 16 16 47 47  
Development expense 13 14 32 41  
Depreciation and amortization 142 1 450 2  
Total operating expense 1,243 57 3,188 163  
INCOME FROM OPERATIONS 1,282 (57) 2,618 (163)  
Capital expenditures     4,783 7,077  
Total assets 26,285   26,285   24,627
Operating segments | CP2 Project          
Segment Reporting Information [Line Items]          
Revenue 0 0 1 0  
Operating expense          
Cost of sales 0 0 0 0  
Operating and maintenance expense 10 0 10 0  
General and administrative expense 13 4 34 12  
Development expense 22 101 193 383  
Depreciation and amortization 0 1 0 1  
Total operating expense 45 106 237 396  
INCOME FROM OPERATIONS (45) (106) (236) (396)  
Capital expenditures     2,835 1,386  
Total assets 8,684   8,684   3,643
Operating segments | DS&S          
Segment Reporting Information [Line Items]          
Revenue 688 29 1,657 29  
Operating expense          
Cost of sales 556 28 1,317 28  
Operating and maintenance expense 61 26 157 28  
General and administrative expense 2 5 4 13  
Development expense 0 0 0 1  
Depreciation and amortization 13 5 27 5  
Total operating expense 632 64 1,505 75  
INCOME FROM OPERATIONS 56 (35) 152 (46)  
Capital expenditures     545 97  
Total assets 2,115   2,115   1,473
Corporate, other and eliminations          
Segment Reporting Information [Line Items]          
Revenue (595) (127) (1,424) (127)  
Operating expense          
Cost of sales (604) (53) (1,441) (55)  
Operating and maintenance expense (7) (14) (17) (19)  
General and administrative expense 71 48 217 141  
Development expense 18 40 67 81  
Depreciation and amortization 17 5 48 17  
Total operating expense (505) 26 (1,126) 165  
INCOME FROM OPERATIONS (90) $ (153) (298) (292)  
Capital expenditures     1,569 $ 1,512  
Total assets $ 6,165   $ 6,165   $ 6,567