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Revenue
12 Months Ended
Dec. 31, 2021
Revenue From Contract With Customer [Abstract]  
Revenue

Note 20 – Revenue

Fixed consideration allocated to remaining performance obligations

 

The following table presents the estimated minimum revenue related to unsatisfied performance obligations at the end of the reporting period, and is comprised of fixed consideration primarily attributable to contracts with minimum volume commitments, for which a guaranteed amount of revenue can be calculated. These contracts are comprised primarily of gathering and processing, fractionation, export, terminaling and storage agreements, with remaining contract terms ranging from 1 to 18 years.

 

 

 

 

2022

 

 

2023

 

 

2024 and after

 

Fixed consideration to be recognized as of December 31, 2021

 

 

$

468.4

 

 

$

396.2

 

 

$

2,290.8

 

Based on the optional exemptions that we elected to apply, the amounts presented in the table above exclude remaining performance obligations for (i) variable consideration for which the allocation exception is met and (ii) contracts with an original expected duration of one year or less.

For additional information on our revenue recognition policy, see Note 3 – Significant Accounting Policies, and for disclosures related to disaggregated revenue, see Note 25 – Segment Information.