Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 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  September 30,				Nine Months Ended  September 30,
thousands	2022		2021		2022		2021
Revenue from customers
Service revenues – fee based	$	666,555	$	605,967	$	1,954,105	$	1,707,987
Service revenues – product based	91,356		28,812		202,721		88,267
Product sales	79,430		84,298		314,755		227,359
Total revenue from customers	837,341		719,077		2,471,581		2,023,613
Revenue from other than customers
Lease revenue (1)	—		44,515		—		133,755
Other	227		248		703		577
Total revenues and other	$	837,568	$	763,840	$	2,472,284	$	2,157,945

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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)	(1,849)
Additional estimated revenues recognized (2)	20,532
Contract assets balance at September 30, 2022	$	41,240
Contract assets at September 30, 2022
Other current assets	$	22,813
Other assets	18,427
Total contract assets from contracts with customers	$	41,240

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(1)Includes $(1.5) million for the three months ended September 30, 2022.

(2)Includes $8.1 million for the three months ended September 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)	56,230
Revenues recognized that were included in the contract liability balance at the beginning of the period (2)	(16,447)
Contract liabilities balance at September 30, 2022	$	352,929
Contract liabilities at September 30, 2022
Accrued liabilities	$	19,223
Other liabilities	333,706
Total contract liabilities from contracts with customers	$	352,929

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(1)Includes $28.2 million for the three months ended September 30, 2022.

(2)Includes $(2.5) million for the three months ended September 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	$	270,626
2023	1,045,627
2024	1,019,350
2025	935,624
2026	808,051
Thereafter	2,175,329
Total	$	6,254,607