v3.26.1
Property, Plant and Equipment (Tables)
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Schedule of Components of Property, Plant and Equipment, Net and Depreciation Expense Recognized
The following table presents the components of property, plant and equipment, net and their estimated useful lives (in years):

Estimated useful lifeJune 30,
2026		December 31,
2025
Terminal and interconnected pipeline facilities(a)
3-48
$34,943 $32,651 
Construction in progressN/A12,421 7,641 
Advanced equipment and construction paymentsN/A5,331 5,541 
LNG tankers252,038 1,780 
Other(b)
2-35
724 711 
Total property, plant and equipment at cost
55,457 48,324 
Accumulated depreciation(2,241)(1,736)
Total property, plant and equipment, net$53,216 $46,588 
____________
(a)    In the third quarter of 2025, the Company became reasonably certain to exercise renewal options for certain land leases, which extended the remaining lease terms and the estimated useful lives of the related terminal assets. This resulted in a $90 million and $181 million reduction to depreciation expense, or $0.04 and $0.07 increase in basic and diluted earnings per share for the three and six months ended June 30, 2026, respectively. See Note 6 – Leases for further discussion.    
(b)     Includes finance lease assets, buildings, and land, which does not depreciate. See Note 6 – Leases for further discussion.
The following table presents depreciation expense recognized on the condensed consolidated statements of operations:

Three months ended
June 30,		Six months ended
June 30,
2026202520262025
Depreciation expense$257 $263 $506 $477