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REVENUE
3 Months Ended
Mar. 31, 2021
Revenue From Contract With Customer [Abstract]  
REVENUE

3. REVENUE

Performance obligations.  The following table presents estimated revenue expected to be recognized during the remainder of 2021 and over the remaining contract period related to performance obligations that are unsatisfied and are comprised of estimated minimum volume commitments.

 

 

 

2021

 

 

2022

 

 

2023

 

 

2024

 

 

2025

 

 

Thereafter

 

 

 

 

 

Gathering services and related fees

 

$

74,014

 

 

$

84,215

 

 

$

66,330

 

 

$

49,872

 

 

$

32,996

 

 

$

22,078

 

 

Revenue by Category.  In the following table, revenue is disaggregated by geographic area and major products and services.  For more detailed information about reportable segments, see Note 15 – Segment Information.

 

 

Three Months Ended March 31, 2021

 

 

 

Gathering services and related fees

 

 

Natural gas, NGLs and condensate sales

 

 

Other revenues

 

 

Total

 

 

 

(in thousands)

 

Reportable Segments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Utica Shale

 

$

8,572

 

 

$

 

 

$

 

 

$

8,572

 

Williston Basin

 

 

12,633

 

 

 

12,227

 

 

 

4,506

 

 

 

29,366

 

DJ Basin

 

 

6,263

 

 

 

110

 

 

 

704

 

 

 

7,077

 

Permian Basin

 

 

2,199

 

 

 

6,518

 

 

 

116

 

 

 

8,833

 

Piceance Basin

 

 

24,784

 

 

 

1,853

 

 

 

1,177

 

 

 

27,814

 

Barnett Shale

 

 

9,696

 

 

 

55

 

 

 

1,061

 

 

 

10,812

 

Marcellus Shale

 

 

6,201

 

 

 

 

 

 

 

 

 

6,201

 

Total reportable segments

 

 

70,348

 

 

 

20,763

 

 

 

7,564

 

 

 

98,675

 

All other segments

 

 

 

 

 

 

 

 

643

 

 

 

643

 

Total

 

$

70,348

 

 

$

20,763

 

 

$

8,207

 

 

$

99,318

 

 

 

 

 

Three Months Ended March 31, 2020

 

 

 

Gathering services and related fees

 

 

Natural gas, NGLs and condensate sales

 

 

Other revenues

 

 

Total

 

 

 

(in thousands)

 

Reportable Segments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Utica Shale

 

$

6,962

 

 

$

 

 

$

 

 

$

6,962

 

Williston Basin

 

 

23,797

 

 

 

4,324

 

 

 

3,142

 

 

 

31,263

 

DJ Basin

 

 

6,855

 

 

 

70

 

 

 

1,034

 

 

 

7,959

 

Permian Basin

 

 

2,311

 

 

 

4,512

 

 

 

187

 

 

 

7,010

 

Piceance Basin

 

 

27,189

 

 

 

1,003

 

 

 

1,065

 

 

 

29,257

 

Barnett Shale

 

 

10,443

 

 

 

3,871

 

 

 

1,260

 

 

 

15,574

 

Marcellus Shale

 

 

6,235

 

 

 

 

 

 

 

 

 

6,235

 

Total reportable segments

 

 

83,792

 

 

 

13,780

 

 

 

6,688

 

 

 

104,260

 

All other segments

 

 

 

 

 

 

 

 

643

 

 

 

643

 

Total

 

$

83,792

 

 

$

13,780

 

 

$

7,331

 

 

$

104,903

 

 

 

Contract balances. Contract assets relate to the Partnership’s rights to consideration for work completed but not billed at the reporting date and consist of the estimated MVC shortfall payments expected from its customers and unbilled activity associated with contributions in aid of construction. Contract assets are transferred to trade receivables when the rights become unconditional. The following table provides information about contract assets from contracts with customers:

 

 

2021

 

 

 

(In thousands)

 

Contract assets, January 1,

 

$

2,026

 

Additions

 

 

2,840

 

Transfers out

 

 

(973

)

Contract assets, March 31,

 

$

3,893

 

As of March 31, 2021, receivables with customers totaled $48.3 million and contract assets totaled $3.9 million and were included in the accounts receivable caption on the unaudited condensed consolidated balance sheets.

As of December 31, 2020, receivables with customers totaled $57.5 million and contract assets totaled $2.0 million which were included in the accounts receivable caption on the unaudited condensed consolidated balance sheets.

Contract liabilities (deferred revenue) relate to the advance consideration received from customers primarily for contributions in aid of construction. The Partnership recognizes contract liabilities under these arrangements in revenue over the contract period. For the three months ended March 31, 2021 and 2020, the Partnership recognized $1.1 million and $2.4 million of gathering services and related fees, respectively, which were included in the contract liability balance as of the beginning of the period. See Note 6 – Deferred Revenue for additional details.