XML 40 R27.htm IDEA: XBRL DOCUMENT v3.22.1
REVENUE RECOGNITION (Tables)
3 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Summary of Disaggregation of Revenue
The following table presents a disaggregation of the Company’s revenue.
Three Months Ended March 31,
2022 2021
(In thousands)
Gathering and processing services $ 80,445  $ 67,662 
Natural gas, NGLs and condensate sales 174,928  79,993 
Other revenue 1,876  448 
Total revenues and other $ 257,249  $ 148,103 
Schedule of Remaining Performance Obligation, Expected Timing of Satisfaction
The following table presents our estimated revenue from contracts with customers for remaining performance obligations that has not yet been recognized, representing our contractually committed revenues as of March 31, 2022:
Amount
Fiscal Year (In thousands)
Remaining of 2022 $ 10,179 
2023 11,626 
2024 8,102 
2025 6,227 
2026 5,066 
Thereafter 72,952 
$ 114,152 
Schedule of Contract with Customer, Contract Liability
The following table provides information about contract liabilities from contracts with customers as of March 31, 2022:
Amount
(In thousands)
Balance as of January 1, 2022 $ 14,756 
Reclassification of beginning contract liabilities to revenue as a result of performance obligation being satisfied (1,328)
Cash received and not recognized as revenue 13,908 
Balance as of March 31, 2022 27,336 
Less: Current portion 4,994 
Non-current portion $ 22,342