Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 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  June 30,				Six Months Ended  June 30,
thousands	2022		2021		2022		2021
Revenue from customers
Service revenues – fee based	$	655,952	$	572,607	$	1,287,550	$	1,102,020
Service revenues – product based	70,498		27,803		111,365		59,455
Product sales	149,736		72,256		235,325		143,061
Total revenue from customers	876,186		672,666		1,634,240		1,304,536
Revenue from other than customers
Lease revenue (1)	—		46,378		—		89,240
Other	233		87		476		329
Total revenues and other	$	876,419	$	719,131	$	1,634,716	$	1,394,105

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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 6.

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 (1)	(336)
Additional estimated revenues recognized (2)	12,444
Contract assets balance at June 30, 2022	$	34,665
Contract assets at June 30, 2022
Other current assets	$	16,512
Other assets	18,153
Total contract assets from contracts with customers	$	34,665

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(1)Includes $(0.1) million for the three months ended June 30, 2022.

(2)Includes $5.9 million for the three months ended June 30, 2022.

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 (1)	28,036
Revenues recognized that were included in the contract liability balance at the beginning of the period (2)	(13,932)
Contract liabilities balance at June 30, 2022	$	327,250
Contract liabilities at June 30, 2022
Accrued liabilities	$	9,142
Other liabilities	318,108
Total contract liabilities from contracts with customers	$	327,250

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(1)Includes $19.8 million for the three months ended June 30, 2022.

(2)Includes $(2.7) million for the three months ended June 30, 2022.

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	$	550,444
2023	1,046,368
2024	1,020,299
2025	936,523
2026	808,712
Thereafter	2,176,400
Total	$	6,538,746