XML 35 R4.htm IDEA: XBRL DOCUMENT v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
REVENUE $ 4,578 $ 3,101 $ 9,177 $ 5,995
OPERATING EXPENSE        
Cost of sales (exclusive of depreciation and amortization shown separately below) 1,660 1,419 4,444 2,478
Operating and maintenance expense 335 217 605 469
General and administrative expense 112 103 209 208
Development expense 23 57 69 239
Depreciation and amortization 260 267 511 483
Total operating expense 2,390 2,063 5,838 3,877
INCOME FROM OPERATIONS 2,188 1,038 3,339 2,118
OTHER INCOME (EXPENSE)        
Interest income 26 38 54 94
Interest expense, net (489) (310) (933) (586)
Gain (loss) on interest rate swaps 124 (112) 139 (304)
Loss on financing transactions (96) (63) (109) (63)
Loss on foreign currency transactions 0 0 (1) 0
Total other expense (435) (447) (850) (859)
INCOME BEFORE INCOME TAX EXPENSE 1,753 591 2,489 1,259
Income tax expense 336 116 447 267
NET INCOME 1,417 475 2,042 992
Less: Net income attributable to redeemable stock of subsidiary 5 39 47 77
Less: Net income (loss) attributable to non-controlling interests (2) 1 25 16
Less: Dividends on VGLNG Series A Preferred Shares 67 67 135 135
Net income attributable to common stockholders, basic 1,347 368 1,835 764
Net income attributable to common stockholders, diluted $ 1,347 $ 368 $ 1,835 $ 764
BASIC EARNINGS PER SHARE        
Net income attributable to common stockholders per share—basic (in usd per share) $ 0.54 $ 0.15 $ 0.74 $ 0.32
Weighted average number of shares of common stock outstanding—basic (in shares) 2,489 2,423 2,476 2,411
DILUTED EARNINGS PER SHARE        
Net income attributable to common stockholders per share—diluted (in usd per share) $ 0.51 $ 0.14 $ 0.70 $ 0.29
Weighted average number of shares of common stock outstanding—diluted (in shares) 2,643 2,635 2,639 2,639