Revenue

9 Months Ended

Sep. 30, 2024

Revenue

Revenue

(4) Revenue

(a) Disaggregation of Revenue

The table set forth below presents revenue disaggregated by type and reportable segment to which it relates (in thousands). See Note 16—Reportable Segments to the unaudited condensed consolidated financial statements for more information on reportable segments.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2024		2023		2024		Reportable Segment
Revenues from contracts with customers:
Natural gas sales	$	516,214		425,802		1,621,659		1,274,503	Exploration and production
Natural gas liquids sales (ethane)		78,551		58,483		200,764		187,277	Exploration and production
Natural gas liquids sales (C3+ NGLs)		404,019		445,717		1,174,974		1,323,976	Exploration and production
Oil sales		62,629		52,724		172,402		180,899	Exploration and production
Marketing		53,068		47,160		155,390		145,098	Marketing
Other revenue		—		276		540		822	Exploration and production
Total revenue from contracts with customers		1,114,481		1,030,162		3,325,729		3,112,575
Income from derivatives, deferred revenue and other sources, net		11,695		25,758		162,100		44,270
Total revenue	$	1,126,176		1,055,920		3,487,829		3,156,845

(b) Transaction Price Allocated to Remaining Performance Obligations

For the Company’s product sales that have a contract term greater than one year, the Company utilized the practical expedient in FASB ASC Topic 606, Revenue from Contracts with Customers (“ASC 606”), which does not require the disclosure of the transaction price allocated to remaining performance obligations if the variable consideration is allocated entirely to a wholly unsatisfied performance obligation. Under the Company’s product sales contracts, each unit of product delivered to the customer represents a separate performance obligation; therefore, future volumes are wholly unsatisfied and disclosure of the transaction price allocated to remaining performance obligations is not required. For the Company’s product sales that have a contract term of one year or less, the Company utilized the practical expedient in ASC 606, which does not require the disclosure of the transaction price allocated to remaining performance obligations if the performance obligation is part of a contract that has an original expected duration of one year or less.

(c) Contract Balances

Under the Company’s sales contracts, the Company invoices customers after its performance obligations have been satisfied, at which point payment is unconditional. Accordingly, the Company’s contracts do not give rise to contract assets or liabilities. As of December 31, 2023 and September 30, 2024, the Company’s receivables from contracts with customers were $401 million and $319 million, respectively.