Significant Accounting Polices (Tables)

6 Months Ended

Jun. 30, 2024

The following table summarizes the contractually committed fees (in millions) that we expect to recognize in our consolidated statements of operations, in either revenue or reductions to cost of sales, from MVC and firm transportation contractual provisions. These fees do not represent the shortfall amounts we expect to collect under our MVC and firm transportation contracts, as we generally do not expect volume shortfalls to equal the full amount of the contractual MVCs and firm transportation contracts during these periods.


Contractually Committed Fees	Commitments (1)
2024 (remaining)	$	85.3
2025	157.1
2026	159.3
2027	130.9
2028	127.1
Thereafter	1,133.5
Total	$	1,793.2

____________________________

(1)The contractually committed fees include $19.8 million in 2025, $33.8 million in 2026, $33.7 million in 2027, $33.8 million in 2028, and $722.9 million from 2029 through 2050 for MVCs under our transportation services agreement with a subsidiary of ExxonMobil. We may not realize the full value of these fees or realize them in different periods under any financial arrangement entered into in respect of the Pecan Island transportation agreement. See “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Other Recent Developments” for additional information.