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v3.22.1

Revenue Recognition (Tables) | 3 Months Ended
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Mar. 31, 2022
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue [Table Text Block] | The following table displays our revenue by major source based on product and service type for the three months ended March 31, 2022 and 2021:
|  | Three months ended March 31, 2022 |  | Three months ended March 31, 2021
(in thousands) |  | Regulated Energy |  | Unregulated Energy |  | Other and Eliminations |  | Total |  | Regulated Energy |  | Unregulated Energy |  | Other and Eliminations |  | Total
Energy distribution |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Delaware natural gas division |  | $ | 34,481 |  |  | $ | — |  |  | $ | — |  |  | $ | 34,481 |  |  | $ | 33,272 |  |  | $ | — |  |  | $ | — |  |  | $ | 33,272 |
Florida natural gas division |  | 10,266 |  |  | — |  |  | — |  |  | 10,266 |  |  | 8,956 |  |  | — |  |  | — |  |  | 8,956 |
FPU electric distribution |  | 19,089 |  |  | — |  |  | — |  |  | 19,089 |  |  | 18,551 |  |  | — |  |  | — |  |  | 18,551 |
FPU natural gas distribution |  | 30,020 |  |  | — |  |  | — |  |  | 30,020 |  |  | 26,861 |  |  | — |  |  | — |  |  | 26,861 |
Maryland natural gas division |  | 10,464 |  |  | — |  |  | — |  |  | 10,464 |  |  | 10,466 |  |  | — |  |  | — |  |  | 10,466 |
Sandpiper natural gas/propane operations |  | 7,636 |  |  | — |  |  | — |  |  | 7,636 |  |  | 8,071 |  |  | — |  |  | — |  |  | 8,071 |
Elkton Gas |  | 3,366 |  |  | — |  |  | — |  |  | 3,366 |  |  | 2,635 |  |  | — |  |  | — |  |  | 2,635 |
Total energy distribution |  | 115,322 |  |  | — |  |  | — |  |  | 115,322 |  |  | 108,812 |  |  | — |  |  | — |  |  | 108,812 |
Energy transmission |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aspire Energy |  | — |  |  | 18,036 |  |  | — |  |  | 18,036 |  |  | — |  |  | 12,905 |  |  | — |  |  | 12,905 |
Aspire Energy Express |  | 263 |  |  | — |  |  | — |  |  | 263 |  |  | 47 |  |  | — |  |  | — |  |  | 47 |
Eastern Shore |  | 20,321 |  |  | — |  |  | — |  |  | 20,321 |  |  | 19,972 |  |  | — |  |  | — |  |  | 19,972 |
Peninsula Pipeline |  | 6,772 |  |  | — |  |  | — |  |  | 6,772 |  |  | 6,467 |  |  | — |  |  | — |  |  | 6,467 |
Total energy transmission |  | 27,356 |  |  | 18,036 |  |  | — |  |  | 45,392 |  |  | 26,486 |  |  | 12,905 |  |  | — |  |  | 39,391 |
Energy generation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Eight Flags |  | — |  |  | 5,539 |  |  | — |  |  | 5,539 |  |  | — |  |  | 4,329 |  |  | — |  |  | 4,329 |
Propane operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Propane delivery operations |  | — |  |  | 75,606 |  |  | — |  |  | 75,606 |  |  | — |  |  | 55,264 |  |  | — |  |  | 55,264 |
Compressed Natural Gas Services |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marlin Gas Services |  | — |  |  | 2,209 |  |  | — |  |  | 2,209 |  |  | — |  |  | 2,352 |  |  | — |  |  | 2,352 |
Other and eliminations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Eliminations |  | (14,787) |  |  | (98) |  |  | (6,435) |  |  | (21,320) |  |  | (14,101) |  |  | (91) |  |  | (4,901) |  |  | (19,093) |
Other |  | — |  |  | — |  |  | 132 |  |  | 132 |  |  | — |  |  | — |  |  | 132 |  |  | 132 |
Total other and eliminations |  | (14,787) |  |  | (98) |  |  | (6,303) |  |  | (21,188) |  |  | (14,101) |  |  | (91) |  |  | (4,769) |  |  | (18,961) |
Total operating revenues (1) |  | $ | 127,891 |  |  | $ | 101,292 |  |  | $ | (6,303) |  |  | $ | 222,880 |  |  | $ | 121,197 |  |  | $ | 74,759 |  |  | $ | (4,769) |  |  | $ | 191,187 |
(1) Total operating revenues for the three months ended March 31, 2022, include other revenue (revenues from sources other than contracts with customers) of $0.1 million for both Regulated and Unregulated Energy segments, respectively, and $(0.3) million and $0.1 million for our Regulated and Unregulated Energy segments, respectively, for the three months ended March 31, 2021. The sources of other revenues include revenue from alternative revenue programs related to revenue normalization for the Maryland division and Sandpiper Energy and late fees.
Contract with Customer, Asset and Liability [Table Text Block] | The balances of our trade receivables, contract assets, and contract liabilities as of March 31, 2022 and December 31, 2021 were as follows:
|  | Trade Receivables |  | Contract Assets (Current) |  | Contract Assets (Non-current) |  | Contract Liabilities (Current)
(in thousands) |  |  |  |  |  |  |  |
Balance at 12/31/2021 |  | $ | 56,277 |  |  | $ | 18 |  |  | $ | 4,806 |  |  | $ | 747 |
Balance at 3/31/2022 |  | 50,440 |  |  | 18 |  |  | 4,743 |  |  | 504 |
Increase (decrease) |  | $ | (5,837) |  |  | $ | — |  |  | $ | (63) |  |  | $ | (243) |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block] | Revenue for these businesses for the remaining performance obligations, at March 31, 2022, are expected to be recognized as follows:
(in thousands) | 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028 and thereafter
Eastern Shore and Peninsula Pipeline | $ | 35,359 |  |  | $ | 44,475 |  |  | $ | 39,677 |  |  | $ | 33,050 |  |  | $ | 29,467 |  |  | $ | 25,228 |  |  | $ | 179,247 |
Natural gas distribution operations | 5,010 |  |  | 5,681 |  |  | 5,458 |  |  | 4,928 |  |  | 4,745 |  |  | 4,406 |  |  | 27,089 |
FPU electric distribution | 489 |  |  | 652 |  |  | 652 |  |  | 275 |  |  | 275 |  |  | 275 |  |  | 275 |
Total revenue contracts with remaining performance obligations | $ | 40,858 |  |  | $ | 50,808 |  |  | $ | 45,787 |  |  | $ | 38,253 |  |  | $ | 34,487 |  |  | $ | 29,909 |  |  | $ | 206,611 |

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