XML 37 R27.htm IDEA: XBRL DOCUMENT v3.25.3
Revenue from Contracts with Customers (Tables)
 9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue 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 $939.9 million as of September 30, 2025 and December 31, 2024, respectively.
Schedule of Remaining Performance Obligations The following table summarizes the transaction price allocated to the Company's remaining obligations on all contracts with fixed consideration as of September 30, 2025. The table excludes contracts that qualified for the exception to the relative standalone selling price method as of September 30, 2025.
2025 (a)2026202720282029ThereafterTotal
(Thousands)
Production natural gas sales$— $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.