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Revenue (Tables) | 9 Months Ended
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Sep. 30, 2025
Revenue |
Schedule of minimum future lease cash flows to be received by the Company under the gathering and compression agreements | Minimum future lease cash flows to be received by the Company under the gathering and compression agreements as of September 30, 2025 are as follows (in thousands):
​ | ​ | ​ | ​ | ​
Remainder of year ending December 31, 2025 | ​ | $ | 41,313 | ​
Year ending December 31, 2026 | ​ | ​ | 315,911 | ​
Year ending December 31, 2027 | ​ | ​ | 250,571 | ​
Year ending December 31, 2028 | ​ | ​ | 181,179 | ​
Year ending December 31, 2029 | ​ | ​ | 121,236 | ​
Thereafter | ​ | ​ | 221,575 | ​
Total | ​ | $ | 1,131,785 | ​
Schedule of disaggregation of revenue | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, | ​ | Nine Months Ended September 30, | ​ | ​ | ​
(in thousands) | ​ | 2024 | ​ | 2025 |  | 2024 | ​ | 2025 |  | Reportable Segment | ​
Type of service | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Gathering—low pressure | ​ | $ | 107,418 | ​ | ​ | 114,077 | ​ | ​ | 319,734 | ​ | ​ | 336,972 | ​ | Gathering and Processing (1) | ​
Compression | ​ | ​ | 63,887 | ​ | ​ | 68,178 | ​ | ​ | 189,119 | ​ | ​ | 201,269 | ​ | Gathering and Processing (1) | ​
Gathering—high pressure | ​ | ​ | 63,542 | ​ | ​ | 67,572 | ​ | ​ | 182,580 | ​ | ​ | 198,504 | ​ | Gathering and Processing (1) | ​
Fresh water delivery | ​ | ​ | 28,091 | ​ | ​ | 37,023 | ​ | ​ | 103,937 | ​ | ​ | 117,298 | ​ | Water Handling | ​
Other fluid handling | ​ | ​ | 24,600 | ​ | ​ | 25,639 | ​ | ​ | 76,350 | ​ | ​ | 90,383 | ​ | Water Handling | ​
Amortization of customer relationships | ​ | ​ | (9,271) | ​ | ​ | (9,271) | ​ | ​ | (27,814) | ​ | ​ | (27,814) | ​ | Gathering and Processing | ​
Amortization of customer relationships | ​ | ​ | (8,397) | ​ | ​ | (8,397) | ​ | ​ | (25,190) | ​ | ​ | (25,190) | ​ | Water Handling | ​
Total | ​ | $ | 269,870 | ​ | ​ | 294,821 | ​ | ​ | 818,716 | ​ | ​ | 891,422 | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Type of contract | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Per unit fixed fee | ​ | $ | 234,847 | ​ | ​ | 249,827 | ​ | ​ | 691,433 | ​ | ​ | 736,745 | ​ | Gathering and Processing (1) | ​
Per unit fixed fee | ​ | ​ | 28,489 | ​ | ​ | 37,556 | ​ | ​ | 105,419 | ​ | ​ | 118,802 | ​ | Water Handling | ​
Cost plus 3% | ​ | ​ | 16,469 | ​ | ​ | 16,337 | ​ | ​ | 53,007 | ​ | ​ | 62,282 | ​ | Water Handling | ​
Cost of service fee | ​ | ​ | 7,733 | ​ | ​ | 8,769 | ​ | ​ | 21,861 | ​ | ​ | 26,597 | ​ | Water Handling | ​
Amortization of customer relationships | ​ | ​ | (9,271) | ​ | ​ | (9,271) | ​ | ​ | (27,814) | ​ | ​ | (27,814) | ​ | Gathering and Processing | ​
Amortization of customer relationships | ​ | ​ | (8,397) | ​ | ​ | (8,397) | ​ | ​ | (25,190) | ​ | ​ | (25,190) | ​ | Water Handling | ​
Total | ​ | $ | 269,870 | ​ | ​ | 294,821 | ​ | ​ | 818,716 | ​ | ​ | 891,422 | ​ | ​ | ​
(1) | Revenue related to the gathering and processing segment is classified as lease income related to the gathering and compression systems.

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