Revenue (Tables)

3 Months Ended

Mar. 31, 2025

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, 2025 are as follows (in thousands):

Remainder of year ending December 31, 2025	$	234,031
Year ending December 31, 2026		315,911
Year ending December 31, 2027		250,571
Year ending December 31, 2028		181,179
Year ending December 31, 2029		121,236
Thereafter		221,575
Total	$	1,324,503

Schedule of disaggregation of revenue

	Three Months Ended March 31,
(in thousands)	2024		2025		Reportable Segment
Type of service
Gathering—low pressure	$	106,736		109,005	Gathering and Processing (1)
Compression		62,584		65,074	Gathering and Processing (1)
Gathering—high pressure		58,273		63,938	Gathering and Processing (1)
Fresh water delivery		44,146		41,209	Water Handling
Other fluid handling		24,980		29,571	Water Handling
Amortization of customer relationships		(9,271)		(9,271)	Gathering and Processing
Amortization of customer relationships		(8,397)		(8,397)	Water Handling
Total	$	279,051		291,129
Type of contract
Per unit fixed fee	$	227,593		238,017	Gathering and Processing (1)
Per unit fixed fee		44,817		41,715	Water Handling
Cost plus 3%		17,410		20,353	Water Handling
Cost of service fee		6,899		8,712	Water Handling
Amortization of customer relationships		(9,271)		(9,271)	Gathering and Processing
Amortization of customer relationships		(8,397)		(8,397)	Water Handling
Total	$	279,051		291,129

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