Revenues from Contracts with Customers

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenues from Contracts with Customers

(3) Revenues from Contracts with Customers

Disaggregation of Revenue

We have identified three material revenue streams in our business: natural gas sales, NGLs sales, crude oil and condensate sales. Brokered revenue attributable to each product sales type is included here because the volume of product that we purchase is subsequently sold to separate counterparties in accordance with existing sales contracts under which we also sell our production. Revenue attributable to each of our identified revenue streams is disaggregated below (in thousands):

	Year Ended December 31,
	2023		2022		2021
Natural gas sales	$	1,234,308	$	3,364,111	$	1,896,231
NGLs sales		933,791		1,308,574		1,135,826
Oil and condensate sales		166,562		238,407		182,970
Total natural gas, NGLs and oil sales		2,334,661		4,911,092		3,215,027
Sales of purchased natural gas		195,656		408,584		342,431
Sales of purchased NGLs		1,834		2,783		6,925
Interest income		5,937		2,538		243
Other marketing revenue and other income		15,176		10,312		15,813
Total	$	2,553,264	$	5,335,309	$	3,580,439

Performance Obligations and Contract Balance

A significant number of our product sales are short-term in nature with a contract term of one year or less. We typically satisfy our performance obligation upon transfer of control and record revenue in the month production is delivered to the purchaser. Settlement statements for certain gas and NGLs sales may be received 30 to 90 days after the date production is delivered, and as a result, we are required to estimate the amount of production that was delivered to the purchaser and the price that will be received for the sale of the product. We record the differences between our estimates and the actual amounts for product sales in the month that payment is received from the purchaser. We have internal controls in place for our estimation process and any identified differences between our revenue estimates and actual revenue received historically have not been significant. For the three years ended December 31, 2023, 2022 and 2021, revenue recognized in the reporting period related to performance obligations satisfied in prior reporting periods was not material. Under our sales contracts, we invoice customers once our performance obligations have been satisfied, at which point payment is unconditional. Accordingly, our product sales contracts do not give rise to contract assets or liabilities. Accounts receivable attributable to our revenue contracts with customers was $263.9 million at December 31, 2023 compared to $463.3 million at December 31, 2022.