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Revenue from Contracts with Customers
 9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
Sales of natural gas, NGLs and oil. Under the Company's natural gas, NGLs and oil sales contracts, the Company generally considers the delivery of each unit (million British thermal units (MMBtu) or barrel (Bbl)) to be a separate performance obligation that is satisfied upon delivery. These contracts typically require payment within 25 days of the end of the calendar month in which the commodity is delivered. A significant number of these contracts contain variable consideration because the payment terms refer to market prices at future delivery dates. In these situations, the Company has not identified a standalone selling price because the terms of the variable payments relate specifically to the Company's efforts to satisfy the performance obligations. Other contracts, such as fixed price contracts or contracts with a fixed differential to New York Mercantile Exchange (NYMEX) or index prices, contain fixed consideration. The Company allocates the fixed consideration to each performance obligation on a relative standalone selling price basis, which requires judgment from management. For these contracts, the Company generally concludes that the fixed price or fixed differentials in the contracts are representative of the standalone selling price.

Based on management's judgment, the performance obligations for the sale of natural gas, NGLs and oil are satisfied at a point in time because the customer obtains control and legal title of the asset when the natural gas, NGLs or oil is delivered to the designated sales point.
The sales of natural gas, NGLs and oil presented in the Statements of Condensed Consolidated Operations represent the Company's share of revenues net of royalties and exclude revenue interests owned by others. When selling natural gas, NGLs and oil on behalf of royalty or working interest owners, the Company acts as an agent and, thus, reports the revenue on a net basis.

Pipeline revenue. The Company provides gathering, transmission and storage services under firm and interruptible service contracts.

Firm service contracts generally require the customer to pay a firm reservation fee, which is a fixed, monthly fee to reserve an agreed upon amount of pipeline or storage capacity regardless of whether the customer uses the capacity. Under its firm service contracts, the Company has a stand-ready obligation to provide the firm service over the life of the contract. The performance obligation for revenue from firm reservation fees is satisfied over time as the pipeline capacity is made available to the customer. As such, the Company recognizes firm reservation fee revenue evenly over the contract period using a time-elapsed output method to measure progress.

Volumetric-based fees, which are charges based on the volume of gas gathered, transported or stored, can also be charged under firm service contracts for each firm contracted volume gathered, transported or stored as well as for volumes gathered, transported or stored in excess of the firm contracted volume so long as capacity exists.

Interruptible service contracts require the customer to pay volumetric-based fees and generally do not guarantee access to the pipeline or storage facility.

The performance obligation for revenue from volumetric-based fees is generally satisfied upon the Company's monthly invoicing to the customer for volumes gathered, transported or stored during the month. The amount invoiced generally corresponds directly to the value of the Company's performance to date as the customer obtains value as each volume is gathered, transported or stored. Gathering service contracts are invoiced on a one-month lag, with payment typically due within 21 days of the invoice date. Revenue for gathering services provided but not yet invoiced is estimated based on contract data, preliminary throughput and allocation measurements on a monthly basis. Transmission and storage service contracts are invoiced at the end of each calendar month, with payment typically due within 10 days of the invoice date.

For both firm reservation and volumetric-based fee revenues, the Company allocates the transaction price to each performance obligation based on the estimated relative standalone selling price. Any excess of consideration received over revenue recognized results in the deferral of those amounts until future periods based on a units-of-production or straight-line methodology as these methods align with the consumption of services provided to the customer. The units-of-production methodology requires the use of judgment to estimate future production volumes.

Certain of the Company's gathering service agreements are structured with minimum volume commitments (MVCs), which specify minimum quantities that the customer will be charged regardless of whether such quantities are gathered. Revenue is recognized for MVCs when the performance obligation has been met, which is the earlier of when the gas is gathered or when the likelihood that the customer will be able to meet its MVC is remote. If a customer fails to meet its MVC for a specified period (thus not exercising all the contractual rights to gathering services within the specified period), the customer is obligated to pay a contractually-determined fee based on the shortfall between actual volume gathered and the MVC.
Disaggregated revenue information. The table below provides disaggregated information on the Company's revenues. Certain other revenue contracts are outside the scope of ASU 2014-09, Revenue from Contracts with Customers. These contracts are reported in pipeline and other revenues in the Statements of Condensed Consolidated Operations. Derivative contracts are also outside the scope of ASU 2014-09.
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
(Thousands)
Revenues from contracts with customers:
Production sales
Natural gas$1,514,172 $938,911 $5,103,327 $2,791,190 
NGLs139,326 139,697 458,246 435,581 
Oil24,119 21,144 61,270 66,403 
Sales of natural gas, NGLs and oil1,677,617 1,099,752 5,622,843 3,293,174 
Gathering pipeline revenue
Firm reservation fee (a)144,259 136,752 480,547 136,752 
Volumetric-based fee176,893 140,077 496,187 278,739 
Total Gathering pipeline revenue321,152 276,829 976,734 415,491 
Transmission pipeline revenues
Firm reservation fee101,914 73,034 316,301 73,034 
Volumetric-based fee34,799 14,350 101,266 14,350 
Total Transmission pipeline revenue136,713 87,384 417,567 87,384 
Intersegment eliminations and other(315,060)(252,805)(943,752)(384,884)
Total revenues from contracts with customers (b)1,820,422 1,211,160 6,073,392 3,411,165 
Other sources of revenue:
Gain on derivatives135,784 66,816 176,829 234,660 
Other2,365 5,826 5,919 2,757 
Total other sources of revenue138,149 72,642 182,748 237,417 
Total operating revenues$1,958,571 $1,283,802 $6,256,140 $3,648,582 

(a)Firm reservation fee revenue included unbilled revenues supported by MVCs of approximately $4.1 million and $1.8 million for the three months ended September 30, 2025 and 2024, respectively, and $15.3 million and $1.8 million for the nine months ended September 30, 2025 and 2024, respectively.
(b)For contracts with customers where the Company's performance obligations had been satisfied and an unconditional right to consideration existed as of the balance sheet date, the Company recorded in accounts receivable amounts due from contracts with customers of $644.8 million and $939.9 million as of September 30, 2025 and December 31, 2024, respectively.
Summary of remaining performance obligations. The following table summarizes the transaction price allocated to the Company's remaining obligations on all contracts with fixed consideration as of September 30, 2025. The table excludes contracts that qualified for the exception to the relative standalone selling price method as of September 30, 2025.
2025 (a)2026202720282029ThereafterTotal
(Thousands)
Production natural gas sales$— $1,341 $1,978 $— $— $— $3,319 
Gathering firm reservation fee revenue:
Third-party contracts25,316 96,774 85,998 85,998 85,998 373,259 753,343 
Affiliate contracts27,068 101,791 101,450 97,701 97,701 1,507,675 1,933,386 
Total Gathering firm reservation fee revenue52,384 198,565 187,448 183,699 183,699 1,880,934 2,686,729 
Gathering revenues supported by MVCs:
Third-party contracts22,647 96,712 89,538 80,871 67,647 190,021 547,436 
Affiliate contracts97,062 397,966 410,622 411,741 410,621 2,042,451 3,770,463 
Total Gathering revenues supported by MVCs119,709 494,678 500,160 492,612 478,268 2,232,472 4,317,899 
Transmission firm reservation fee revenue:
Third-party contracts50,616 178,888 173,890 170,635 168,020 819,984 1,562,033 
Affiliate contracts73,556 262,575 261,047 260,715 260,383 1,964,638 3,082,914 
Total Transmission firm reservation fee revenue124,172 441,463 434,937 431,350 428,403 2,784,622 4,644,947 
Total$296,265 $1,136,047 $1,124,523 $1,107,661 $1,090,370 $6,898,028 $11,652,894 

(a)October 1 through December 31.

As of September 30, 2025, based on total projected contractual revenues, the Company's firm gathering contracts had weighted average remaining terms of approximately 10 years for third-party contracts and 13 years for affiliate contracts.
As of September 30, 2025, based on total projected contractual revenues, the Company's firm transmission and storage contracts had weighted average remaining terms of approximately 10 years for third-party contracts and 13 years for affiliate contracts.