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Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block] The following tables display our revenue by major source based on product and service type for the three months ended March 31, 2024 and 2023:
Three Months Ended March 31, 2024Three Months Ended March 31, 2023
(in thousands)Regulated EnergyUnregulated EnergyOther and EliminationsTotalRegulated EnergyUnregulated EnergyOther and EliminationsTotal
Energy distribution
Delaware natural gas division$31,917 $— $— $31,917 $36,907 $— $— $36,907 
Florida natural gas distribution
47,956 — — 47,956 46,358 — — 46,358 
Florida City Gas35,877 — — 35,877 — — — — 
FPU electric distribution19,964 — — 19,964 22,737 — — 22,737 
Maryland natural gas division 9,855 — — 9,855 12,263 — — 12,263 
Sandpiper natural gas/propane operations7,057 — — 7,057 7,082 — — 7,082 
Elkton Gas2,859 — — 2,859 4,141 — — 4,141 
Total energy distribution155,485 — — 155,485 129,488 — — 129,488 
Energy transmission
Aspire Energy— 13,608 — 13,608 — 13,954 — 13,954 
Aspire Energy Express369 — — 369 364 — — 364 
Eastern Shore21,266 — — 21,266 20,670 — — 20,670 
Peninsula Pipeline7,992 — — 7,992 6,911 — — 6,911 
Total energy transmission29,627 13,608 — 43,235 27,945 13,954 — 41,899 
Energy generation
Eight Flags— 4,555 — 4,555 — 5,300 — 5,300 
Propane operations
Propane delivery operations— 61,572 — 61,572 — 59,980 — 59,980 
Compressed Natural Gas Services
Marlin Gas Services— 3,428 — 3,428 — 4,001 — 4,001 
Other and eliminations
Eliminations(16,686)(60)(5,830)(22,576)(15,163)(69)(7,352)(22,584)
Other— 45 45 — — 45 45 
Total other and eliminations(16,686)(60)(5,785)(22,531)(15,163)(69)(7,307)(22,539)
Total operating revenues (1)
$168,426 $83,103 $(5,785)$245,744 $142,270 $83,166 $(7,307)$218,129 

(1) Total operating revenues for the three months ended March 31, 2024 and 2023 both 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. 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, 2024 and December 31, 2023 were as follows:
Trade ReceivablesContract Assets (Current)Contract Assets (Non-current)Contract Liabilities (Current)
(in thousands)
Balance at 12/31/2023$67,741 $18 $3,524 $1,022 
Balance at 3/31/2024
61,497 18 3,370 710 
Increase (Decrease)$(6,244)$— $(154)$(312)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block] Revenue for these businesses for the remaining performance obligations, at March 31, 2024, are expected to be recognized as follows:
(in thousands)2024202520262027202820292030 and thereafter
Eastern Shore and Peninsula Pipeline$27,404 $30,520 $26,668 $23,535 $22,657 $20,733 $128,891 
Natural gas distribution operations7,284 9,310 8,596 6,567 5,346 4,802 23,744 
FPU electric distribution562 749 364 364 364 — — 
Total revenue contracts with remaining performance obligations$35,250 $40,579 $35,628 $30,466 $28,367 $25,535 $152,635