Revenue from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Summary of Revenue from Contracts with Customers Table

The following table summarizes revenue from contracts with customers:

	Three Months Ended  March 31,
thousands	2022		2021
Revenue from customers
Service revenues – fee based	$	631,598	$	529,413
Service revenues – product based	40,867		31,652
Product sales	85,589		70,805
Total revenue from customers	758,054		631,870
Revenue from other than customers
Lease revenue (1)	—		42,862
Other	243		242
Total revenues and other	$	758,297	$	674,974

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(1)Includes fixed- and variable-lease revenue from an operating and maintenance agreement entered into with Occidental. See Operating leases within Note 5.

Contract Balances Tables

The following table summarizes activity related to contract assets from contracts with customers:

thousands
Contract assets balance at December 31, 2021	$	22,557
Amounts transferred to Accounts receivable, net that were included in the contract assets balance at the beginning of the period	(208)
Additional estimated revenues recognized	6,553
Contract assets balance at March 31, 2022	$	28,902
Contract assets at March 31, 2022
Other current assets	$	10,897
Other assets	18,005
Total contract assets from contracts with customers	$	28,902

The following table summarizes activity related to contract liabilities from contracts with customers:

thousands
Contract liabilities balance at December 31, 2021	$	313,146
Cash received or receivable, excluding revenues recognized during the period	8,245
Revenues recognized that were included in the contract liability balance at the beginning of the period	(11,241)
Contract liabilities balance at March 31, 2022	$	310,150
Contract liabilities at March 31, 2022
Accrued liabilities	$	8,924
Other liabilities	301,226
Total contract liabilities from contracts with customers	$	310,150

Expected Revenue Recognition from Satisfaction of Performance Obligations Table

Therefore, the following table represents only a portion of expected future revenues from existing contracts as most future revenues from customers are dependent on future variable customer volumes and, in some cases, variable commodity prices for those volumes.

thousands
Remainder of 2022	$	824,085
2023	1,047,028
2024	1,021,224
2025	937,443
2026	809,384
Thereafter	2,177,567
Total	$	6,816,731