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Revenue from Contracts with Customers (Tables)
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Summary of Revenue from Contracts with Customers Table
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 Tables 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.
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.
Expected Revenue Recognition from Satisfaction of Performance Obligations Table 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