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Revenue from Contracts with Customers (Tables) | 12 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | These contracts are reported in pipeline, net marketing services and other revenues in the Statements of Consolidated Operations. Derivative contracts are also outside the scope of ASU 2014-09.
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
| (Thousands)
Revenues from contracts with customers: |  |  |  |  |
Production: |  |  |  |  |
Sales of natural gas, NGLs and oil |  |  |  |  |
Natural gas sales | $ | 4,224,882 |  |  | $ | 4,520,817 |  |  | $ | 11,448,293 |
NGLs sales | 615,933 |  |  | 427,760 |  |  | 586,715 |
Oil sales | 93,551 |  |  | 96,191 |  |  | 79,160 |
Sales of natural gas, NGLs and oil | 4,934,366 |  |  | 5,044,768 |  |  | 12,114,168 |
Gathering: |  |  |  |  |
Pipeline revenue |  |  |  |  |
Firm reservation fee revenue (a) | 313,987 |  |  | — |  |  | — |
Volumetric-based fee revenue (b) | 452,476 |  |  | 161,395 |  |  | 96,947 |
Total | 766,463 |  |  | 161,395 |  |  | 96,947 |
Transmission: |  |  |  |  |
Pipeline revenues |  |  |  |  |
Firm reservation fee revenue | 183,088 |  |  | — |  |  | — |
Volumetric-based fee revenue | 34,968 |  |  | — |  |  | — |
Total | 218,056 |  |  | — |  |  | — |
Intersegment eliminations and other | (704,517) |  |  | (148,830) |  |  | (83,321) |
Total revenues from contracts with customers (c) | 5,214,368 |  |  | 5,057,333 |  |  | 12,127,794 |
Other sources of revenue: |  |  |  |  |
Gain (loss) on derivatives | 51,117 |  |  | 1,838,941 |  |  | (4,642,932) |
Net marketing services and other revenues | 7,824 |  |  | 12,649 |  |  | 12,827 |
Total other sources of revenue | 58,941 |  |  | 1,851,590 |  |  | (4,630,105) |
Total operating revenues | $ | 5,273,309 |  |  | $ | 6,908,923 |  |  | $ | 7,497,689 |
(a)Firm reservation fee revenue for the year ended December 31, 2024 included unbilled revenues supported by MVCs of $4.2 million. (b)Volumetric-based fee revenue for the year ended December 31, 2024 included unbilled revenues supported by MVCs of $4.5 million. (c)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 amounts due from contracts with customers of $939.9 million and $584.8 million in accounts receivable in the Consolidated Balance Sheets as of December 31, 2024 and 2023, respectively.
Schedule of Remaining Performance Obligations | The table excludes contracts that qualified for the exception to the relative standalone selling price method as of December 31, 2024.
| 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029 |  | Thereafter |  | Total
| (Thousands)
Gathering firm reservation fees: |  |  |  |  |  |  |  |  |  |  |  |
Third-party contracts | $ | 101,671 |  |  | $ | 92,311 |  |  | $ | 85,651 |  |  | $ | 85,651 |  |  | $ | 85,651 |  |  | $ | 371,792 |  |  | $ | 822,727 |
Affiliate contracts | 91,918 |  |  | 101,728 |  |  | 101,393 |  |  | 97,701 |  |  | 97,701 |  |  | 1,482,452 |  |  | 1,972,893 |
Total Gathering firm reservation fees | 193,589 |  |  | 194,039 |  |  | 187,044 |  |  | 183,352 |  |  | 183,352 |  |  | 1,854,244 |  |  | 2,795,620 |
Gathering revenues supported by MVCs: |  |  |  |  |  |  |  |  |  |
Third-party contracts | 82,396 |  |  | 89,217 |  |  | 80,904 |  |  | 77,153 |  |  | 65,788 |  |  | 185,423 |  |  | 580,881 |
Affiliate contracts | 372,446 |  |  | 397,966 |  |  | 410,621 |  |  | 411,740 |  |  | 410,621 |  |  | 2,042,451 |  |  | 4,045,845 |
Total Gathering revenues supported by MVCs | 454,842 |  |  | 487,183 |  |  | 491,525 |  |  | 488,893 |  |  | 476,409 |  |  | 2,227,874 |  |  | 4,626,726 |
Transmission firm reservation fees: |  |  |  |  |  |  |  |  |  |  |  |
Third-party contracts | 176,189 |  |  | 174,435 |  |  | 171,768 |  |  | 169,410 |  |  | 166,324 |  |  | 814,742 |  |  | 1,672,868 |
Affiliate contracts | 241,507 |  |  | 261,045 |  |  | 261,045 |  |  | 260,715 |  |  | 260,383 |  |  | 1,964,638 |  |  | 3,249,333 |
Total Transmission firm reservation fees | 417,696 |  |  | 435,480 |  |  | 432,813 |  |  | 430,125 |  |  | 426,707 |  |  | 2,779,380 |  |  | 4,922,201 |
Total | $ | 1,066,127 |  |  | $ | 1,116,702 |  |  | $ | 1,111,382 |  |  | $ | 1,102,370 |  |  | $ | 1,086,468 |  |  | $ | 6,861,498 |  |  | $ | 12,344,547 |
As of December 31, 2024, the Company had no remaining performance obligations on its natural gas sales contracts with fixed consideration.

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