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Revenue from Contracts with Customers
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers
2. REVENUE FROM CONTRACTS WITH CUSTOMERS

The following table summarizes revenue from contracts with customers:
Three Months Ended 
June 30,
Six Months Ended 
June 30,
thousands2026202520262025
Revenue from customers
Service revenues – fee based$980,096 $851,419 $1,913,398 $1,674,616 
Service revenues – product based112,641 50,442 201,408 109,694 
Product sales124,763 40,280224,379 74,749
Total revenue from customers1,217,500 942,1412,339,185 1,859,059
Revenue from other than customers
Other7,219 181 9,113 379 
Total revenues and other$1,224,719 $942,322 $2,348,298 $1,859,438 

Contract balances. Receivables from customers, which are included in accounts receivable, net on the consolidated balance sheets, were $933.5 million and $737.0 million as of June 30, 2026, and December 31, 2025, respectively.
Contract assets primarily relate to (i) revenue accrued but not yet billed under cost-of-service contracts with fixed and variable fees and (ii) accrued deficiency fees the Partnership expects to charge customers once the related performance periods are completed. The following table summarizes activity related to contract assets from contracts with customers:
thousands
Contract assets balance at December 31, 2025$10,515 
Amounts transferred to Accounts receivable, net that were included in the contract assets balance at the beginning of the period (1)
(3,602)
Additional estimated revenues recognized (2)
6,753 
Amounts acquired with the acquisition of Brazos Delaware (3)
900 
Contract assets balance at June 30, 2026$14,566 
           
Contract assets at June 30, 2026
Other current assets$7,208 
Other assets7,358 
Total contract assets from contracts with customers$14,566 
_________________________________________________________________________________________
(1)Includes $(2.7) million for the three months ended June 30, 2026.
(2)Includes $(0.4) million for the three months ended June 30, 2026.
(3)See Note 3.
2. REVENUE FROM CONTRACTS WITH CUSTOMERS

Contract liabilities primarily relate to (i) consideration received from customers for which revenue recognition is deferred and (ii) aid-in-construction payments received from customers that must be recognized over the expected period of customer benefit.
The following table summarizes activity related to contract liabilities from contracts with customers:
thousands
Contract liabilities balance at December 31, 2025$767,148 
Cash received or receivable, excluding revenues recognized during the period (1)
(3,900)
Revenues recognized that were included in the contract liability balance at the beginning of the period (2)
(56,552)
Non-cash consideration received for WES unit redemption from Occidental, net of revenues recognized in the period (3)
572,712 
Amounts acquired with the acquisition of Brazos Delaware (4)
5,588 
Contract liabilities balance at June 30, 2026$1,284,996 
       
Contract liabilities at June 30, 2026
Accrued liabilities$192,031 
Other liabilities1,092,965 
Total contract liabilities from contracts with customers$1,284,996 
________________________________________________________________________________________
(1)Includes $(10.1) million for the three months ended June 30, 2026.
(2)Includes $(24.3) million for the three months ended June 30, 2026.
(3)See Note 6.
(4)See Note 3.

Transaction price allocated to remaining performance obligations. Revenues expected to be recognized from certain performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2026, are presented in the table below. The Partnership applies the optional exemptions in Revenue from Contracts with Customers (Topic 606) and does not disclose consideration for remaining performance obligations with an original expected duration of one year or less or for variable consideration related to unsatisfied (or partially unsatisfied) performance obligations. Therefore, the following table represents only a portion of expected future revenues from existing contracts, as most future revenues from customers are dependent on future variable customer volumes and, in some cases, variable commodity prices for those volumes.
thousands
Remainder of 2026$741,693 
20271,685,247 
20281,208,166 
2029912,123 
2030765,191 
Thereafter2,554,054 
Total$7,866,474