
5.	REVENUES

Disaggregation of Revenues

Revenues – related party disaggregated by activity type were as follows (in thousands):



	Pipeline Transportation		Terminaling		Storage and Other		Total
Three Months Ended June 30, 2018:
Revenues from lease contracts	$	17,635	$	90,118	$	498	$	108,251
Revenues from contracts with customer	12,672		12,275		1,429		26,376
Total revenues – related party	$	30,307	$	102,393	$	1,927	$	134,627

Three Months Ended June 30, 2017:
Revenues from lease contracts	$	11,832	$	72,690	$	135	$	84,657
Revenues from contracts with customer	13,027		12,107		754		25,888
Total revenues – related party	$	24,859	$	84,797	$	889	$	110,545

Six Months Ended June 30, 2018:
Revenues from lease contracts	$	35,882	$	177,059	$	636	$	213,577
Revenues from contracts with customer	25,793		24,608		2,591		52,992
Total revenues – related party	$	61,675	$	201,667	$	3,227	$	266,569

Six Months Ended June 30, 2017:
Revenues from lease contracts	$	22,182	$	143,317	$	270	$	165,769
Revenues from contracts with customer	25,852		23,986		754		50,592
Total revenues – related party	$	48,034	$	167,303	$	1,024	$	216,361

Operating Leases – Lessor

As described in Note 1, certain schedules under our commercial agreements with Valero are considered operating leases under U.S. GAAP. These agreements contain minimum throughput commitments and escalation clauses to adjust transportation tariffs and terminaling and storage fees to reflect changes in price indices. Revenues from lease contracts are reflected separately on our statements of income. The components of our revenues from lease contracts were as follows (in thousands):



	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Minimum lease revenues	$	90,074	$	69,823	$	179,198	$	138,271
Contingent lease revenues	18,177		14,834		34,379		27,498
Revenues from lease contracts	$	108,251	$	84,657	$	213,577	$	165,769

Receivables from Contracts with Customer

Our receivables from contracts with our customer are included in receivables – related party. These balances were $8.4 million and $8.3 million as of June 30, 2018 and January 1, 2018, respectively.

Future Minimum Rentals and Remaining Performance Obligations

As of June 30, 2018, future minimum rentals to be received for operating leases (described above) having initial or remaining noncancelable lease terms in excess of one year are shown below under “Lease Contracts,” and future revenues expected to be recognized from our remaining performance obligations from contracts with our customer with an original expected duration of greater than one year are shown below under “Contracts with Customer” (in thousands):



	Lease Contracts		Contracts with Customer
Remainder of 2018	$	182,120	$	40,924
2019	361,282		81,215
2020	362,268		81,426
2021	361,282		81,215
2022	361,282		81,215
Thereafter	2,914,596		116,994
Total	$	4,542,830	$	482,989