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Revenue (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2024 are as follows (in thousands):


Remainder of year ending December 31, 2024		$	154,093
Year ending December 31, 2025			320,323
Year ending December 31, 2026			301,108
Year ending December 31, 2027			236,768
Year ending December 31, 2028			168,465
Thereafter			276,219
Total		$	1,456,976

Schedule of disaggregation of revenue


		Three Months Ended June 30,						Six Months Ended June 30,
(in thousands)		2023			2024			2023			2024			Reportable Segment
Type of service
Gathering—low pressure		$	105,042			105,580		$	204,679			212,316		Gathering and Processing ⁽¹⁾
Gathering—low pressure fee rebate			(12,000)			—			(24,000)			—		Gathering and Processing ⁽¹⁾
Compression			61,565			62,648			119,955			125,232		Gathering and Processing ⁽¹⁾
Gathering—high pressure			56,461			60,765			110,010			119,038		Gathering and Processing ⁽¹⁾
Fresh water delivery			40,399			31,700			87,225			75,846		Water Handling
Other fluid handling			24,488			26,770			55,229			51,750		Water Handling
Amortization of customer relationships			(9,272)			(9,272)			(18,543)			(18,543)		Gathering and Processing
Amortization of customer relationships			(8,396)			(8,396)			(16,793)			(16,793)		Water Handling
Total		$	258,287			269,795		$	517,762			548,846

Type of contract
Per unit fixed fee		$	223,068			228,993		$	434,644			456,586		Gathering and Processing ⁽¹⁾
Gathering—low pressure fee rebate			(12,000)			—			(24,000)			—		Gathering and Processing ⁽¹⁾
Per unit fixed fee			40,673			32,113			87,772			76,930		Water Handling
Cost plus 3%			18,797			19,128			43,242			36,538		Water Handling
Cost of service fee			5,417			7,229			11,440			14,128		Water Handling
Amortization of customer relationships			(9,272)			(9,272)			(18,543)			(18,543)		Gathering and Processing
Amortization of customer relationships			(8,396)			(8,396)			(16,793)			(16,793)		Water Handling
Total		$	258,287			269,795		$	517,762			548,846

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