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Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block] The following table displays our revenue by major source based on product and service type for the three months ended March 31, 2023 and 2022:
Three Months Ended March 31, 2023Three Months Ended March 31, 2022
(in thousands)Regulated EnergyUnregulated EnergyOther and EliminationsTotalRegulated EnergyUnregulated EnergyOther and EliminationsTotal
Energy distribution
Delaware natural gas division$36,907 $ $ $36,907 $34,481 $— $— $34,481 
Florida natural gas distribution (1)
46,358   46,358 40,286 — — 40,286 
FPU electric distribution22,737   22,737 19,089 — — 19,089 
Maryland natural gas division 12,263   12,263 10,464 — — 10,464 
Sandpiper natural gas/propane operations7,082   7,082 7,636 — — 7,636 
Elkton Gas4,141   4,141 3,366 — — 3,366 
Total energy distribution129,488   129,488 115,322 — — 115,322 
Energy transmission
Aspire Energy 13,954  13,954 — 18,036 — 18,036 
Aspire Energy Express364   364 263 — — 263 
Eastern Shore20,670   20,670 20,321 — — 20,321 
Peninsula Pipeline6,911   6,911 6,772 — — 6,772 
Total energy transmission27,945 13,954  41,899 27,356 18,036 — 45,392 
Energy generation
Eight Flags 5,300  5,300 — 5,539 — 5,539 
Propane operations
Propane delivery operations 59,980  59,980 — 75,606 — 75,606 
Compressed Natural Gas Services
Marlin Gas Services 4,001  4,001 — 2,209 — 2,209 
Other and eliminations
Eliminations(15,163)(69)(7,352)(22,584)(14,787)(98)(6,435)(21,320)
Other  45 45 — — 132 132 
Total other and eliminations(15,163)(69)(7,307)(22,539)(14,787)(98)(6,303)(21,188)
Total operating revenues (2)
$142,270 $83,166 $(7,307)$218,129 $127,891 $101,292 $(6,303)$222,880 
(1) In accordance with the Florida PSC approval of our natural gas base rate proceeding, effective March 1, 2023, our natural gas distribution businesses in Florida (FPU, FPU-Indiantown division, FPU-Fort Meade division and Chesapeake Utilities' CFG division, collectively, “Florida natural gas distribution businesses”) have been consolidated for rate-making purposes and amounts above are now being presented on a consolidated basis consistent with the final rate order.
(2) Total operating revenues for the three months ended March 31, 2023 include other revenue (revenues from sources other than contracts with customers) of $0.6 million and $0.1 million for our Regulated and Unregulated Energy segments, respectively and $0.1 million for both our Regulated and Unregulated Energy segments, respectively, for the three months ended March 31, 2022. The sources of other revenues include revenue from alternative revenue programs related to revenue normalization for the Maryland division and Sandpiper Energy 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 March 31, 2023 and December 31, 2022 were as follows:
Trade ReceivablesContract Assets (Current)Contract Assets (Non-current)Contract Liabilities (Current)
(in thousands)
Balance at 12/31/2022$61,687 $18 $4,321 $983 
Balance at 3/31/2023
58,514 18 4,174 682 
Decrease$(3,173)$— $(147)$(301)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block] Revenue for these businesses for the remaining performance obligations, at March 31, 2023, are expected to be recognized as follows:
(in thousands)2023202420252026202720282029 and thereafter
Eastern Shore and Peninsula Pipeline$29,497 $37,006 $30,613 $27,138 $24,163 $23,398 $188,498 
Natural gas distribution operations5,474 7,115 6,757 6,527 5,942 4,742 28,371 
FPU electric distribution489 652 275 275 275 275 — 
Total revenue contracts with remaining performance obligations$35,460 $44,773 $37,645 $33,940 $30,380 $28,415 $216,869