Revenue (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Company Revenue

The following table presents the Company’s revenue for the years ended December 31, 2023, 2022 and 2021 (in thousands):

	For the years ended December 31,
	2023		2022		2021
Revenue from leases	$	342,518	$	327,738	$	347,643
Revenue from contracts with customers
Time charter, regasification and other services		164,292		117,419		120,387
Gas sales		652,153		2,027,816		420,525
Total revenue	$	1,158,963	$	2,472,973	$	888,555

Schedule of revenue from leases

The Company’s time charter contracts are accounted for as operating or sales-type leases. The Company’s revenue from leases is presented within revenues in the consolidated statements of income and for the years ended December 31, 2023, 2022 and 2021 consists of the following (in thousands):

	For the years ended December 31,
	2023		2022		2021
Operating lease income	$	278,264	$	252,350	$	270,197
Sales-type lease income		64,254		75,388		77,446
Total revenue from leases	$	342,518	$	327,738	$	347,643

Schedule of leased property and equipment

The following represents the amount of property and equipment that is leased to customers as of December 31, 2023 and December 31, 2022 (in thousands):

	December 31, 2023			December 31, 2022
Property and equipment	$	2,184,347		$	2,034,183
Accumulated depreciation		(929,141	)		(823,942	)
Property and equipment, net	$	1,255,206		$	1,210,241

Schedule of minimum future revenue

As of December 31, 2023, the minimum contractual future revenues to be received under the time charters during the next five years and thereafter are as follows (in thousands):

Year	Sales-type			Operating
2024	$	83,340		$	369,694
2025		87,612			333,720
2026		87,612			295,796
2027		87,612			302,538
2028		80,848			257,272
Thereafter		411,507			849,408
Total undiscounted	$	838,531		$	2,408,428
Less: imputed interest		(438,521	)
Net investment in sales-type leases		400,010
Less: current portion		(16,463	)
Non-current net investment in sales-type leases	$	383,547

Schedule of disaggregated revenues

The following tables show disaggregated revenues from customers attributable to the country in which the revenues were derived (in thousands). Revenues from external customers are attributed to the country in which the party to the applicable agreement has its principal place of business. (in thousands)

	For the year ended December 31, 2023
			Revenue from contracts with customers
	Revenue from		TCP, Regas		Gas		Total
	leases		and other		sales		revenue
Brazil	$	55,436	$	9,426	$	460,134	$	524,996
Bangladesh		64,255		48,317		169,443		282,015
Argentina		54,179		42,639		—		96,818
UAE		69,257		23,612		—		92,869
Finland		38,325		11,246		22,226		71,797
Pakistan		44,132		11,847		—		55,979
Germany		16,934		6,273		—		23,207
United States		—		10,537		—		10,537
Other		—		395		350		745
Total revenue	$	342,518	$	164,292	$	652,153	$	1,158,963

	For the year ended December 31, 2022
			Revenue from contracts with customers
	Revenue from		TCP, Regas		Gas		Total
	leases		and other		sales		revenue
Brazil	$	52,130	$	7,484	$	1,933,448	$	1,993,062
Bangladesh		75,142		40,099		—		115,241
Argentina		47,584		22,919		—		70,503
UAE		62,516		19,137		—		81,653
Finland		9,660		2,425		20,269		32,354
Pakistan		44,132		11,091		—		55,223
United States		—		7,238		74,099		81,337
Israel		36,574		6,533		—		43,107
Other		—		493		—		493
Total revenue	$	327,738	$	117,419	$	2,027,816	$	2,472,973

	For the year ended December 31, 2021
			Revenue from contracts with customers
	Revenue from		TCP, Regas		Gas		Total
	leases		and other		sales		revenue
Brazil	$	50,964	$	6,714	$	222,878	$	280,556
Bangladesh		78,161		38,734		157,122		274,017
Argentina		47,202		17,599		—		64,801
UAE		60,395		17,738		—		78,133
Pakistan		45,025		9,578		—		54,603
United States		—		8,377		733		9,110
Israel		38,080		6,494		—		44,574
China		—		—		38,950		38,950
Other		27,816		15,153		842		43,811
Total revenue	$	347,643	$	120,387	$	420,525	$	888,555

Schedule of changes in long-term contract liabilities

The following table reflects the changes in our liabilities related to long-term contracts with customers as of December 31, 2023 and December 31, 2022 (in thousands):

	For the years ended December 31,
	2023			2022
Deferred revenues, beginning of period	$	177,754		$	24,104
Cash received but not yet recognized		36,014			166,651
Revenue recognized from prior period deferral		(157,501	)		(13,001	)
Deferred revenues, end of period	$	56,267		$	177,754

Schedule of expected recognized revenue from contracts

Company expects to recognize revenue from contracts exceeding one year over the following time periods (in thousands):

2024	$	123,743
2025		101,278
2026		530,623
2027		522,169
2028		589,442
Thereafter		6,176,269
Total expected revenue	$	8,043,524