Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2023

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	2023		2022		2023		2022
Revenue from customers
Service revenues – fee based	$	661,506	$	655,952	$	1,309,373	$	1,287,550
Service revenues – product based	46,956		70,498		93,766		111,365
Product sales	29,659		149,736		68,684		235,325
Total revenue from customers	738,121		876,186		1,471,823		1,634,240
Revenue from other than customers
Other	152		233		432		476
Total revenues and other	$	738,273	$	876,419	$	1,472,255	$	1,634,716

Contract Balances Tables

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

thousands
Contract assets balance at December 31, 2022	$	22,561
Amounts transferred to Accounts receivable, net that were included in the contract assets balance at the beginning of the period (1)	(2,688)
Additional estimated revenues recognized (2)	7,344
Contract assets balance at June 30, 2023	$	27,217
Contract assets at June 30, 2023
Other current assets	$	9,390
Other assets	17,827
Total contract assets from contracts with customers	$	27,217

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(1)Includes $(1.4) million for the three months ended June 30, 2023.

(2)Includes $2.1 million for the three months ended June 30, 2023.

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

thousands
Contract liabilities balance at December 31, 2022	$	369,285
Cash received or receivable, excluding revenues recognized during the period (1)	41,226
Revenues recognized that were included in the contract liability balance at the beginning of the period (2)	(13,818)
Contract liabilities balance at June 30, 2023	$	396,693
Contract liabilities at June 30, 2023
Accrued liabilities	$	14,905
Other liabilities	381,788
Total contract liabilities from contracts with customers	$	396,693

_________________________________________________________________________________________

(1)Includes $17.5 million for the three months ended June 30, 2023.

(2)Includes $(3.6) million for the three months ended June 30, 2023.

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 2023	$	550,406
2024	1,144,937
2025	1,097,142
2026	992,822
2027	903,367
Thereafter	2,513,102
Total	$	7,201,776