XML 49 R35.htm IDEA: XBRL DOCUMENT v3.23.3
Revenue Recognition (Tables)
 9 Months Ended
Sep. 30, 2023
Revenue Recognition [Abstract]  
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]
The following table summarizes our contract assets and contract liabilities (in millions):

September 30, 2023December 31, 2022
Contract assets (non-current)
$6.8 $5.4 
Contract liabilities (current)(1)
$20.3 $11.7 
Contract liabilities (non-current)(1)
$207.4 $212.3 

(1)During the three and nine months ended September 30, 2023, we recognized revenues of approximately $4.5 million and $14.9 million that were previously included in contract liabilities at December 31, 2022. The remaining change in our contract liabilities during the three and nine months ended September 30, 2023 is related to capital reimbursements associated with our revenue contracts and revenue deferrals associated with our contracts with increasing (decreasing) rates.
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]
The following table summarizes the transaction price allocated to our remaining performance obligations under certain contracts that have not been recognized as of September 30, 2023 (in millions):
Remainder of 2023$16.5 
202446.4 
20256.5 
20264.9 
20272.1 
Thereafter1.1 
Total$77.5 
Disaggregation of Revenue
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 three and nine months ended September 30, 2023 and 2022 (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. Our non-Topic 606 revenues presented in the tables below primarily represents revenues related to our commodity-based derivatives.

Three Months Ended September 30, 2023
Gathering and Processing North
Gathering and Processing South
Storage and Logistics
Intersegment Elimination
Total
Topic 606 revenues
Gathering
Natural gas
$32.2 $4.8 $— $— $37.0 
Crude oil
16.9 1.9 — — 18.8 
Water
51.0 8.4 — — 59.4 
Processing
Natural gas
20.0 6.9 — — 26.9 
Storage
Crude oil
0.6 — — — 0.6 
NGLs
— — 2.1 — 2.1 
Pipeline
Crude oil
1.4 0.1 0.6 — 2.1 
NGLs
— 6.8 0.2 (6.8)0.2 
Transportation
NGLs
— — 2.2 — 2.2 
Rail Loading
Crude oil
— — 0.2 — 0.2 
Product Sales
Natural gas
27.4 47.5 78.2 (70.1)83.0 
Crude oil
139.4 0.8 352.2 (15.0)477.4 
NGLs
42.8 98.8 268.4 (31.3)378.7 
Water
1.0 — — — 1.0 
Other
0.5 — 0.1 (0.2)0.4 
Total Topic 606 revenues
333.2 176.0 704.2 (123.4)1,090.0 
Non-Topic 606 revenues
0.5 (0.5)49.4 — 49.4 
Total revenues
$333.7 $175.5 $753.6 $(123.4)$1,139.4 
Three Months Ended September 30, 2022
Gathering and Processing North
Gathering and Processing South
Storage and Logistics
Intersegment Elimination
Total
Topic 606 revenues
Gathering
Natural gas
$33.4 $10.1 $— $— $43.5 
Crude oil
14.7 1.7 — — 16.4 
Water
41.8 7.5 — — 49.3 
Processing
Natural gas
20.7 4.8 — — 25.5 
Compression
Natural gas
— 4.7 — — 4.7 
Storage
Crude oil
0.6 — 0.1 — 0.7 
NGLs
— — 2.2 — 2.2 
Pipeline
Crude oil
1.5 0.1 0.6 — 2.2 
NGLs
— 5.2 0.1 (5.2)0.1 
Transportation
NGLs
— — 5.0 — 5.0 
Product Sales
Natural gas
109.6 144.4 248.4 (205.6)296.8 
Crude oil
120.9 — 362.8 (9.8)473.9 
NGLs
68.3 136.2 411.7 (58.9)557.3 
Water2.1 — — — 2.1 
Other
0.8 — 0.2 (0.5)0.5 
Total Topic 606 revenues
414.4 314.7 1,031.1 (280.0)1,480.2 
Non-Topic 606 revenues
0.4 0.5 84.9 — 85.8 
Total revenues
$414.8 $315.2 $1,116.0 $(280.0)$1,566.0 
Nine Months Ended September 30, 2023
Gathering and Processing North
Gathering and Processing South
Storage and Logistics
Intersegment Elimination
Total
Topic 606 revenues
Gathering
Natural gas
$95.5 $13.6 $— $— $109.1 
Crude oil
46.3 6.0 — — 52.3 
Water
139.9 25.2 — — 165.1 
Processing
Natural gas
56.6 19.6 — — 76.2 
Storage
Crude oil
1.7 — 0.1 (0.2)1.6 
NGLs
— — 6.4 — 6.4 
Pipeline
Crude oil
3.7 0.4 1.5 — 5.6 
NGLs
— 17.7 0.3 (17.7)0.3 
Transportation
NGLs
— — 12.4 — 12.4 
Rail Loading
Crude oil
— — 0.6 — 0.6 
Product Sales
Natural gas
95.1 113.6 211.9 (182.9)237.7 
Crude oil
377.2 1.1 954.4 (57.7)1,275.0 
NGLs
126.5 296.9 907.8 (91.3)1,239.9 
Water
2.9 — — — 2.9 
Other
1.1 — 1.0 (0.4)1.7 
Total Topic 606 revenues
946.5 494.1 2,096.4 (350.2)3,186.8 
Non-Topic 606 revenues
1.6 (1.6)236.9 — 236.9 
Total revenues
$948.1 $492.5 $2,333.3 $(350.2)$3,423.7 
Nine Months Ended September 30, 2022
Gathering and Processing North
Gathering and Processing South
Storage and Logistics
Intersegment Elimination
Total
Topic 606 revenues
Gathering
Natural gas
$92.2 $57.0 $— $— $149.2 
Crude oil
43.6 4.6 — — 48.2 
Water
117.7 13.0 — — 130.7 
Processing
Natural gas
54.8 7.1 — — 61.9 
Compression
Natural gas
— 11.3 — — 11.3 
Storage
Crude oil
1.7 — 0.4 (0.2)1.9 
NGLs
— — 6.9 — 6.9 
Pipeline
Crude oil
4.2 0.5 1.5 (0.1)6.1 
NGLs
— 5.2 0.2 (5.2)0.2 
Transportation
NGLs
— — 16.3 — 16.3 
Rail Loading
Crude oil
— — 0.4 — 0.4 
Product Sales
Natural gas
269.1 145.3 508.0 (331.2)591.2 
Crude oil
394.9 — 1,130.3 (33.9)1,491.3 
NGLs
222.7 136.2 1,505.6 (187.9)1,676.6 
Water5.0 — — — 5.0 
Other
1.4 — 0.5 (0.5)1.4 
Total Topic 606 revenues
1,207.3 380.2 3,170.1 (559.0)4,198.6 
Non-Topic 606 revenues
1.1 1.0 397.1 — 399.2 
Total revenues
$1,208.4 $381.2 $3,567.2 $(559.0)$4,597.8