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Revenue (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2025 are as follows (in thousands):


Remainder of year ending December 31, 2025		$	136,474
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		$	1,226,946

Schedule of disaggregation of revenue


		Three Months Ended June 30,						Six Months Ended June 30,
(in thousands)		2024			2025			2024			2025			Reportable Segment
Type of service
Gathering—low pressure		$	105,580			113,890			212,316			222,895		Gathering and Processing ⁽¹⁾
Compression			62,648			68,017			125,232			133,091		Gathering and Processing ⁽¹⁾
Gathering—high pressure			60,765			66,994			119,038			130,932		Gathering and Processing ⁽¹⁾
Fresh water delivery			31,700			39,066			75,846			80,275		Water Handling
Other fluid handling			26,770			35,173			51,750			64,744		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		$	269,795			305,472			548,846			596,601

Type of contract
Per unit fixed fee		$	228,993			248,901			456,586			486,918		Gathering and Processing ⁽¹⁾
Per unit fixed fee			32,113			39,531			76,930			81,246		Water Handling
Cost plus 3%			19,128			25,592			36,538			45,945		Water Handling
Cost of service fee			7,229			9,116			14,128			17,828		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		$	269,795			305,472			548,846			596,601

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