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Revenue (Tables)

9 Months Ended

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.