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Revenue (Tables)

12 Months Ended

Dec. 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 December 31, 2024 are as follows (in thousands):


Year ending December 31, 2025		$	322,417
Year ending December 31, 2026			305,977
Year ending December 31, 2027			240,637
Year ending December 31, 2028			171,218
Year ending December 31, 2029			111,302
Thereafter			169,431
Total		$	1,320,982

Schedule of disaggregation of revenue


		Year Ended December 31,
(in thousands)		2022			2023			2024			Reportable Segment
Type of service
Gathering—low pressure		$	368,996		$	420,002			427,074		Gathering and Processing ⁽¹⁾
Gathering—low pressure fee rebate			(48,000)			(51,500)			—		Gathering and Processing ⁽¹⁾
Compression			210,329			246,952			252,984		Gathering and Processing ⁽¹⁾
Gathering—high pressure			211,940			226,908			246,005		Gathering and Processing ⁽¹⁾
Fresh water delivery			153,546			164,641			149,072		Water Handling
Other fluid handling			93,846			105,440			101,730		Water Handling
Amortization of customer relationships			(37,086)			(37,086)			(37,086)		Gathering and Processing
Amortization of customer relationships			(33,586)			(33,586)			(33,586)		Water Handling
Total		$	919,985		$	1,041,771			1,106,193

Type of contract
Per unit fixed fee		$	791,265		$	893,862			926,063		Gathering and Processing ⁽¹⁾
Gathering—low pressure fee rebate			(48,000)			(51,500)			—		Gathering and Processing ⁽¹⁾
Per unit fixed fee			154,993			166,055			151,016		Water Handling
Cost plus 3%			71,490			81,125			69,095		Water Handling
Cost of service fee			20,909			22,901			30,691		Water Handling
Amortization of customer relationships			(37,086)			(37,086)			(37,086)		Gathering and Processing
Amortization of customer relationships			(33,586)			(33,586)			(33,586)		Water Handling
Total		$	919,985		$	1,041,771			1,106,193

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