Transactions with Related Parties |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Related Party Transactions [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||
| Transactions with Related Parties | Transactions with Related Parties We provide natural gas compression and treating services to entities affiliated with Energy Transfer, which as of March 31, 2025, owned approximately 39% of our limited partner interests and 100% of the General Partner. Transactions with related parties from those entities affiliated with Energy Transfer on our unaudited condensed consolidated statements of operations were as follows (in thousands):
Additionally, under our partnership agreement, our General Partner does not receive a management fee or other compensation for its role as our general partner. However, our General Partner is reimbursed for expenses incurred on our behalf. These expenses include costs allocable to us under the shared services model with Energy Transfer, as well as all other expenses necessary or appropriate to the conduct of our business that are allocable to us, as provided for in our partnership agreement. There is no cap on the amount that may be paid or reimbursed to our General Partner. For the three months ended March 31, 2025, we recognized shared service costs of $0.3 million within selling, general, and administrative expense and capitalized shared service costs of $0.5 million to other assets related to cloud computing arrangement ERP implementation costs. During the three months ended March 31, 2025, we recognized a $0.6 million loss on disposition of assets related to the exchange of compression units with an entity affiliated with Energy Transfer. Balances on our unaudited condensed consolidated balance sheets with those entities affiliated with Energy Transfer were as follows: •Related-party receivables of $2.1 million and $0.6 million as of March 31, 2025 and December 31, 2024, respectively. •Related-party payables of $4.2 million and $0.1 million as of March 31, 2025 and December 31, 2024, respectively. We have binding commitments under purchase orders for new compression units ordered but not received with an entity affiliated with Energy Transfer. The commitments as of March 31, 2025, were $44.7 million. |
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