Revenues

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

Revenues

Contract Assets and Contract Liabilities

Our contract assets and contract liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period. Our receivables related to our revenue contracts accounted for under Topic 606 totaled $225.0 million and $209.7 million for both CEQP and CMLP at December 31, 2019 and 2018, and are included in accounts receivable on our consolidated balance sheets. Our contract assets are included in other non-current assets on our consolidated balance sheets. Our contract liabilities primarily consist of current and non-current deferred revenues. On our consolidated balance sheets, our current deferred revenues are included in accrued expenses and other liabilities and our non-current deferred revenues are included in other long-term liabilities. The majority of revenues associated with our deferred revenues is expected to be recognized as the performance obligations under the related contracts are satisfied over the next 17 years.

The following table provides a summary of the opening and closing balances of our contract assets and contract liabilities (in millions):

	December 31,
	2019		2018
Contract assets (non-current)	$	1.2	$	1.0
Contract liabilities (current)(1)	$	8.8	$	12.0
Contract liabilities (non-current)(1)	$	144.7	$	65.4

(1) During the year ended December 31, 2019, we recognized revenues of approximately $13.3 million that were previously included in contract liabilities (current) at December 31, 2018. The remaining change in our contract liabilities during the year ended December 31, 2019 partially related to approximately $21.5 million of deferred revenues recorded in the purchase price allocation for the Jackalope Acquisition described in more detail in Note 3, and the remainder related primarily to capital reimbursements associated with our revenue contracts and revenue deferrals associated with our contracts with increasing (decreasing) rates.

The following table summarizes the transaction price allocated to our remaining performance obligations under certain contracts that have not been recognized as of December 31, 2019 (in millions):

2020	$	99.4
2021	86.2
2022	79.3
2023	7.4
2024	3.3
Total	$	275.6

Our remaining performance obligations presented in the table above exclude estimates of variable rate escalation clauses in our contracts with customers, and is generally limited to fixed-fee and percentage-of-proceeds service contracts which have fixed pricing and minimum volume terms and conditions. Our remaining performance obligations generally exclude, based on the following practical expedients that we elected to apply, disclosures for (i) variable consideration allocated to a wholly-unsatisfied promise to transfer a distinct service that forms part of the identified single performance obligation; (ii) unsatisfied performance obligations where the contract term is one year or less; and (iii) contracts for which we recognize revenues as amounts are invoiced.

Disaggregation of Revenues

The following tables summarize our revenues from contracts with customers disaggregated by type of product/service sold and by commodity type for each of our segments for the years ended December 31, 2019 and 2018 (in millions). We believe this summary best depicts how the nature, amount, timing and uncertainty of our revenues and cash flows are affected by economic factors.

	Year Ended December 31, 2019
	Gathering and Processing		Storage and Transportation		Marketing, Supply and Logistics		Intersegment Elimination			Total
Revenues:
Topic 606 revenues
Gathering
Natural gas	$	163.2	$	—	$	—	$	—		$	163.2
Crude oil	75.0		—		—		—			75.0
Water	79.6		—		—		—			79.6
Processing
Natural gas	28.9		—		—		—			28.9
Compression
Natural gas	24.9		—		—		—			24.9
Storage
Crude oil	1.9		5.4		—		(2.3		)	5.0
NGLs	—		—		6.3		—			6.3
Pipeline
Crude oil	—		7.9		—		(2.7		)	5.2
Transportation
Crude oil	7.0		—		5.8		(0.1		)	12.7
NGLs	—		—		11.7		—			11.7
Water	—		—		0.2		—			0.2
Rail Loading
Crude oil	—		16.7		—		(5.7		)	11.0
Product Sales
Natural gas	56.8		—		72.3		(33.4		)	95.7
Crude oil	532.1		—		1,315.6		(121.1		)	1,726.6
NGLs	41.4		—		659.3		(20.0		)	680.7
Other	—		4.6		1.2		(3.9		)	1.9
Total Topic 606 revenues	1,010.8		34.6		2,072.4		(189.2		)	2,928.6
Non-Topic 606 revenues(1)	—		—		253.3		—			253.3
Total revenues	$	1,010.8	$	34.6	$	2,325.7	$	(189.2	)	$	3,181.9

(1) Represents revenues primarily related to our commodity-based derivatives. See Note 7 for additional information related to our price risk management activities.

	Year Ended December 31, 2018
	Gathering and Processing		Storage and Transportation		Marketing, Supply and Logistics		Intersegment Elimination			Total
Revenues:
Topic 606 revenues
Gathering
Natural gas	$	134.9	$	—	$	—	$	—		$	134.9
Crude oil	38.8		—		—		—			38.8
Water	58.0		—		—		—			58.0
Processing
Natural gas	10.7		—		—		—			10.7
NGLs	—		—		6.1		—			6.1
Compression
Natural gas	29.1		—		—		—			29.1
Storage
Crude oil	1.8		4.2		—		(1.5		)	4.5
NGLs	—		—		8.6		—			8.6
Pipeline
Crude oil	—		7.1		—		(2.3		)	4.8
Transportation
Crude oil	2.9		—		5.9		—			8.8
NGLs	—		—		26.9		—			26.9
Water	—		—		0.3		—			0.3
Rail Loading
Crude oil	—		14.3		0.2		(5.2		)	9.3
NGLs	—		—		3.1		—			3.1
Product Sales
Natural gas	55.8		—		70.9		(16.6		)	110.1
Crude oil	722.9		—		978.0		(151.3		)	1,549.6
NGLs	84.2		—		1,247.0		(24.5		)	1,306.7
Other	—		2.0		—		(1.5		)	0.5
Total Topic 606 revenues	1,139.1		27.6		2,347.0		(202.9		)	3,310.8
Non-Topic 606 revenues(1)	—		—		343.3		—			343.3
Total revenues	$	1,139.1	$	27.6	$	2,690.3	$	(202.9	)	$	3,654.1

(1)

Represents revenues related to our commodity-based derivatives. See Note 7 for additional information related to our price risk management activities.