v3.25.2
Revenue from Contracts with Customers
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers 2. REVENUE FROM CONTRACTS WITH CUSTOMERS
The following table summarizes revenue from contracts with customers:
 Three Months Ended 
June 30,		Six Months Ended 
June 30,
thousands2025202420252024
Revenue from customers
Service revenues – fee based$851,419 $793,785 $1,674,616 $1,575,047 
Service revenues – product based50,442 61,466 109,694 128,206 
Product sales40,280 50,111 74,749 89,403 
Total revenue from customers942,141 905,3621,859,059 1,792,656
Revenue from other than customers
Other181 267 379 702 
Total revenues and other$942,322 $905,629 $1,859,438 $1,793,358 

Contract balances. Receivables from customers, which are included in Accounts receivable, net on the consolidated balance sheets, were $698.1 million and $693.9 million as of June 30, 2025, and December 31, 2024, respectively.
Contract assets primarily relate to (i) revenue accrued but not yet billed under cost-of-service contracts with fixed and variable fees and (ii) accrued deficiency fees the Partnership expects to charge customers once the related performance periods are completed. The following table summarizes activity related to contract assets from contracts with customers:
thousands
Contract assets balance at December 31, 2024
$43,186 
Amounts transferred to Accounts receivable, net that were included in the contract assets balance at the beginning of the period (1)
(3,568)
Additional estimated revenues recognized (2)
2,889 
Contract assets balance at June 30, 2025
$42,507 
Contract assets at June 30, 2025
Other current assets$17,333 
Other assets25,174 
Total contract assets from contracts with customers$42,507 
_________________________________________________________________________________________
(1)Includes $(1.7) million for the three months ended June 30, 2025.
(2)Includes $0.8 million for the three months ended June 30, 2025.
2. REVENUE FROM CONTRACTS WITH CUSTOMERS

Contract liabilities primarily relate to (i) fixed and variable fees under cost-of-service contracts that are received from customers for which revenue recognition is deferred, (ii) aid-in-construction payments received from customers that must be recognized over the expected period of customer benefit, and (iii) fees that are charged to customers for only a portion of the contract term and must be recognized as revenues over the expected period of customer benefit.
The following table summarizes activity related to contract liabilities from contracts with customers:
thousands
Contract liabilities balance at December 31, 2024
$610,571 
Cash received or receivable, excluding revenues recognized during the period (1)
69,746 
Revenues recognized that were included in the contract liability balance at the beginning of the period (2)
(6,707)
Contract liabilities balance at June 30, 2025
$673,610 
Contract liabilities at June 30, 2025
Accrued liabilities$10,887 
Other liabilities662,723 
Total contract liabilities from contracts with customers$673,610 
_________________________________________________________________________________________
(1)Includes $36.0 million for the three months ended June 30, 2025.
(2)Includes $(2.8) million for the three months ended June 30, 2025.

Transaction price allocated to remaining performance obligations. Revenues expected to be recognized from certain performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2025, are presented in the table below. The Partnership applies the optional exemptions in Revenue from Contracts with Customers (Topic 606) and does not disclose consideration for remaining performance obligations with an original expected duration of one year or less or for variable consideration related to unsatisfied (or partially unsatisfied) performance obligations. 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 2025$535,607 
20261,164,379 
20271,145,538 
2028962,239 
20291,469,620 
Thereafter1,770,500 
Total$7,047,883