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Revenue (Tables)

3 Months Ended

Mar. 31, 2024

Revenue

Schedule of minimum future lease cash flows to be received by the Company under the gathering and compression agreements

Minimum future lease cash flows to be received by the Company under the gathering and compression agreements as of March 31, 2024 are as follows (in thousands):


Remainder of year ending December 31, 2024		$	234,951
Year ending December 31, 2025			311,969
Year ending December 31, 2026			297,928
Year ending December 31, 2027			236,768
Year ending December 31, 2028			168,465
Thereafter			276,219
Total		$	1,526,300

Schedule of disaggregation of revenue


		Three Months Ended March 31,
(in thousands)		2023			2024			Reportable Segment
Type of service
Gathering—low pressure		$	99,637			106,736		Gathering and Processing ⁽¹⁾
Gathering—low pressure fee rebate			(12,000)			—		Gathering and Processing ⁽¹⁾
Compression			58,390			62,584		Gathering and Processing ⁽¹⁾
Gathering—high pressure			53,549			58,273		Gathering and Processing ⁽¹⁾
Fresh water delivery			46,826			44,146		Water Handling
Other fluid handling			30,741			24,980		Water Handling
Amortization of customer relationships			(9,271)			(9,271)		Gathering and Processing
Amortization of customer relationships			(8,397)			(8,397)		Water Handling
Total		$	259,475			279,051

Type of contract
Per Unit Fixed Fee		$	211,576			227,593		Gathering and Processing ⁽¹⁾
Gathering—low pressure fee rebate			(12,000)			—		Gathering and Processing ⁽¹⁾
Per Unit Fixed Fee			47,099			44,817		Water Handling
Cost plus 3%			24,445			17,410		Water Handling
Cost of service fee			6,023			6,899		Water Handling
Amortization of customer relationships			(9,271)			(9,271)		Gathering and Processing
Amortization of customer relationships			(8,397)			(8,397)		Water Handling
Total		$	259,475			279,051

(1)	Revenue related to the gathering and processing segment is classified as lease income related to the gathering and compression systems.