Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table displays our revenue from continuing operations by major source based on product and service type for the three months ended September 30, 2019 and 2018:



	Three months ended September 30, 2019												Three Months Ended September 30, 2018
(in thousands)	Regulated Energy			Unregulated Energy			Other and Eliminations			Total			Regulated Energy			Unregulated Energy			Other and Eliminations			Total
Energy distribution
Delaware natural gas division	$	6,953		$	—		$	—		$	6,953		$	7,010		$	—		$	—		$	7,010
Florida natural gas division	6,710			—			—			6,710			6,282			—			—			6,282
FPU electric distribution	24,174			—			—			24,174			23,830			—			—			23,830
FPU natural gas distribution	17,908			—			—			17,908			17,390			—			—			17,390
Maryland natural gas division	2,634			—			—			2,634			2,463			—			—			2,463
Sandpiper natural gas/propane operations	3,673			—			—			3,673			3,561			—			—			3,561
Total energy distribution	62,052			—			—			62,052			60,536			—			—			60,536

Energy transmission
Aspire Energy	—			4,247			—			4,247			—			5,750			—			5,750
Eastern Shore	17,573			—			—			17,573			16,189			—			—			16,189
Peninsula Pipeline	4,442			—			—			4,442			3,404			—			—			3,404
Total energy transmission	22,015			4,247			—			26,262			19,593			5,750			—			25,343

Energy generation
Eight Flags	—			4,027			—			4,027			—			4,044			—			4,044

Propane operations
Propane delivery operations	—			13,805			—			13,805			—			17,338			—			17,338

Energy delivery services
Marlin Gas Services	—			1,059			—			1,059			—			—			—			—

Other and eliminations
Eliminations	(9,487		)	(1,254		)	(4,367		)	(15,108		)	(7,359		)	(3,185		)	(3,928		)	(14,472		)
Other	—			395			134			529			—			476			135			611
Total other and eliminations	(9,487		)	(859		)	(4,233		)	(14,579		)	(7,359		)	(2,709		)	(3,793		)	(13,861		)

Total operating revenues⁽¹⁾	$	74,580		$	22,279		$	(4,233	)	$	92,626		$	72,770		$	24,423		$	(3,793	)	$	93,400

⁽¹⁾ Total operating revenues for the three months ended September 30, 2019, include other revenue (revenues from sources other than contracts with customers) of $0.1 million and $0.1 million for our Regulated and Unregulated Energy segments, respectively, and $0.5 million and $0.1 million for our Regulated and Unregulated Energy segments, respectively, for the three months ended September 30, 2018. The sources of other revenues include revenue from alternative revenue programs related to revenue normalization for the Maryland division and Sandpiper and late fees.

The following table displays our revenue from continuing operations by major source based on product and service type for the nine months ended September 30, 2019 and 2018:



	Nine months ended September 30, 2019												Nine months ended September 30, 2018
(in thousands)	Regulated Energy			Unregulated Energy			Other and Eliminations			Total			Regulated Energy			Unregulated Energy			Other and Eliminations			Total
Energy distribution
Delaware natural gas division	$	42,758		$	—		$	—		$	42,758		$	50,963		$	—		$	—		$	50,963
Florida natural gas division	21,625			—			—			21,625			18,462			—			—			18,462
FPU electric distribution	59,016			—			—			59,016			60,933			—			—			60,933
FPU natural gas distribution	60,357			—			—			60,357			58,885			—			—			58,885
Maryland natural gas division	15,867			—			—			15,867			17,136			—			—			17,136
Sandpiper natural gas/propane operations	14,237			—			—			14,237			16,892			—			—			16,892
Total energy distribution	213,860			—			—			213,860			223,271			—			—			223,271

Energy transmission
Aspire Energy	—			23,139			—			23,139			—			23,682			—			23,682
Eastern Shore	54,368			—			—			54,368			46,289			—			—			46,289
Peninsula Pipeline	11,573			—			—			11,573			8,469			—			—			8,469
Total energy transmission	65,941			23,139			—			89,080			54,758			23,682			—			78,440

Energy generation
Eight Flags	—			12,405			—			12,405			—			12,652			—			12,652

Propane operations
Propane delivery operations	—			76,947			—			76,947			—			89,648			—			89,648

Energy delivery services
Marlin Gas Services	—			4,601			—			4,601			—			—			—			—

Other and eliminations
Eliminations	(28,200		)	(9,377		)	(13,351		)	(50,928		)	(25,362		)	(11,679		)	(12,864		)	(49,905		)
Other	—			1,270			395			1,665			—			1,475			521			1,996
Total other and eliminations	(28,200		)	(8,107		)	(12,956		)	(49,263		)	(25,362		)	(10,204		)	(12,343		)	(47,909		)

Total operating revenues⁽¹⁾	$	251,601		$	108,985		$	(12,956	)	$	347,630		$	252,667		$	115,778		$	(12,343	)	$	356,102

⁽¹⁾ Total operating revenues for the nine months ended September 30, 2019, include other revenue (revenues from sources other than contracts with customers) of $(0.1) million and $0.3 million for our Regulated and Unregulated Energy segments, respectively, and $(0.4) million and $0.2 million for our Regulated and Unregulated Energy segments, respectively, for the nine months ended September 30, 2018. The sources of other revenues include revenue from alternative revenue programs related to revenue normalization for the Maryland division and Sandpiper and late fees.

Contract with Customer, Asset and Liability [Table Text Block]

The balances of our trade receivables, contract assets, and contract liabilities as of September 30, 2019 and December 31, 2018 were as follows:



	Trade Receivables			Contract Assets (Current)		Contract Assets (Non-current)		Contract Liabilities (Current)
(in thousands)
Balance at 12/31/2018	$	52,140		$	—	$	2,614	$	480
Balance at 9/30/2019	33,205			18		3,255		774
Increase (decrease)	$	(18,935	)	$	18	$	641	$	294

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]

Revenue for these businesses for the remaining performance obligations, at September 30, 2019, are expected to be recognized as follows:



(in thousands)	2019		2020		2021		2022		2023		2024		2025 and thereafter
Eastern Shore and Peninsula Pipeline	$	9,603	$	36,628	$	33,293	$	26,349	$	20,923	$	18,744	$	192,842
Natural gas distribution operations	1,009		3,646		3,964		5,007		4,609		4,587		31,172
FPU electric distribution	74		297		297		109		—		—		—
Total revenue contracts with remaining performance obligations	$	10,686	$	40,571	$	37,554	$	31,465	$	25,532	$	23,331	$	224,014