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Revenue Recognition (Notes)
 9 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] Revenue Recognition
We recognize revenue when our performance obligations under contracts with customers have been satisfied, which generally occurs when our businesses have delivered or transported natural gas, electricity or propane to customers. We exclude sales taxes and other similar taxes from the transaction price. Typically, our customers pay for the goods and/or services we provide in the month following the satisfaction of our performance obligation. The following tables display our revenue by major source based on product and service type for the three and nine months ended September 30, 2023 and 2022:
Three Months Ended September 30, 2023Three Months Ended September 30, 2022
(in thousands)Regulated EnergyUnregulated EnergyOther and EliminationsTotalRegulated EnergyUnregulated EnergyOther and EliminationsTotal
Energy distribution
Delaware natural gas division$9,793 $— $— $9,793 $8,741 $— $— $8,741 
Florida natural gas distribution (1)
38,323 — — 38,323 35,834 — — 35,834 
FPU electric distribution32,683 — — 32,683 25,199 — — 25,199 
Maryland natural gas division 3,447 — — 3,447 2,881 — — 2,881 
Sandpiper natural gas/propane operations3,748 — — 3,748 3,893 — — 3,893 
Elkton Gas1,011 — — 1,011 1,168 — — 1,168 
Total energy distribution89,005 — — 89,005 77,716 — — 77,716 
Energy transmission
Aspire Energy— 4,798 — 4,798 — 10,022 — 10,022 
Aspire Energy Express373 — — 373 373 — — 373 
Eastern Shore19,228 — — 19,228 18,804 — — 18,804 
Peninsula Pipeline7,904 — — 7,904 6,813 — — 6,813 
Total energy transmission27,505 4,798 — 32,303 25,990 10,022 — 36,012 
Energy generation
Eight Flags— 4,437 — 4,437 — 7,414 — 7,414 
Propane operations
Propane delivery operations— 23,197 — 23,197 — 27,923 — 27,923 
Compressed Natural Gas Services
Marlin Gas Services— 2,595 — 2,595 — 2,642 — 2,642 
Other and eliminations
Eliminations(14,099)(57)(5,879)(20,035)(12,726)(87)(7,886)(20,699)
Other— — 45 45 — — 45 45 
Total other and eliminations(14,099)(57)(5,834)(19,990)(12,726)(87)(7,841)(20,654)
Total operating revenues (2)
$102,411 $34,970 $(5,834)$131,547 $90,980 $47,914 $(7,841)$131,053 
(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 September 30, 2023 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 $0.1 million for both our Regulated and Unregulated Energy segments for the three months ended September 30, 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.
Nine Months Ended September 30, 2023Nine Months Ended September 30, 2022
(in thousands)Regulated EnergyUnregulated EnergyOther and EliminationsTotalRegulated EnergyUnregulated EnergyOther and EliminationsTotal
Energy distribution
Delaware natural gas division$60,809 $— $— $60,809 $56,308 $— $— $56,308 
Florida natural gas distribution (1)
125,446 — — 125,446 111,556 — — 111,556 
FPU electric distribution78,455 — — 78,455 64,593 — — 64,593 
Maryland natural gas division 20,331 — — 20,331 17,717 — — 17,717 
Sandpiper natural gas/propane operations14,909 — — 14,909 15,777 — — 15,777 
Elkton Gas6,454 — — 6,454 6,239 — — 6,239 
Total energy distribution306,404 — — 306,404 272,190 — — 272,190 
Energy transmission
Aspire Energy— 24,478 — 24,478 — 38,866 — 38,866 
Aspire Energy Express1,106 — — 1,106 1,004 — — 1,004 
Eastern Shore59,530 — — 59,530 58,000 — — 58,000 
Peninsula Pipeline22,408 — — 22,408 20,361 — — 20,361 
Total energy transmission83,044 24,478 — 107,522 79,365 38,866 — 118,231 
Energy generation
Eight Flags— 14,269 — 14,269 — 18,868 — 18,868 
Propane operations
Propane delivery operations— 110,492 — 110,492 — 137,997 — 137,997 
Compressed Natural Gas Services
Marlin Gas Services— 9,834 — 9,834 — 7,231 — 7,231 
Other and eliminations
Eliminations(43,626)(186)(19,576)(63,388)(40,491)(293)(20,592)(61,376)
Other— — 136 136 — — 262 262 
Total other and eliminations(43,626)(186)(19,440)(63,252)(40,491)(293)(20,330)(61,114)
Total operating revenues (2)
$345,822 $158,887 $(19,440)$485,269 $311,064 $202,669 $(20,330)$493,403 
(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 nine months ended September 30, 2023 include other revenue (revenues from sources other than contracts with customers) of $0.9 million and $0.3 million for our Regulated and Unregulated Energy segments, respectively, and $0.2 million and $0.3 million for our Regulated and Unregulated Energy segments, respectively, for the nine months ended September 30, 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 Balances
The timing of revenue recognition, customer billings and cash collections results in trade receivables, unbilled receivables (contract assets), and customer advances (contract liabilities) in our condensed consolidated balance sheets. The balances of our trade receivables, contract assets, and contract liabilities as of September 30, 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 $983 
Balance at 9/30/2023
42,988 18 3,589 1,207 
Increase (Decrease)$(18,699)$— $(732)$224 
Our trade receivables are included in trade and other receivables in the condensed consolidated balance sheets. Our current contract assets are included in other current assets in the condensed consolidated balance sheet. Our non-current contract assets are included in other assets in the condensed consolidated balance sheet and primarily relate to operations and maintenance costs incurred by Eight Flags that have not yet been recovered through rates for the sale of electricity to our electric distribution operation pursuant to a long-term service agreement.

At times, we receive advances or deposits from our customers before we satisfy our performance obligation, resulting in contract liabilities. Contract liabilities are included in other accrued liabilities in the condensed consolidated balance sheets and relate to non-refundable prepaid fixed fees for our Mid-Atlantic and North Carolina propane delivery operation's retail offerings. Our performance obligation is satisfied over the term of the respective customer retail program on a ratable basis. For the three months ended September 30, 2023 and 2022, we recognized revenue of $0.1 million and $0.3 million, respectively. For the nine months ended September 30, 2023 and 2022, we recognized revenue of $0.5 million and $1.0 million, respectively.

Remaining Performance Obligations
Our businesses have long-term fixed fee contracts with customers in which revenues are recognized when performance obligations are satisfied over the contract term. Revenue for these businesses for the remaining performance obligations, at September 30, 2023, are expected to be recognized as follows:
(in thousands)2023202420252026202720282029 and thereafter
Eastern Shore and Peninsula Pipeline$9,776 $37,523 $30,894 $27,138 $24,163 $23,398 $188,498 
Natural gas distribution operations1,989 7,884 7,480 7,278 6,701 5,480 28,775 
FPU electric distribution163 652 275 275 275 275 — 
Total revenue contracts with remaining performance obligations$11,928 $46,059 $38,649 $34,691 $31,139 $29,153 $217,273