v3.25.4
Revenue (Tables)
12 Months Ended
Dec. 31, 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 December 31, 2025 are as follows (in thousands):

Year ending December 31, 2026

$

314,934

Year ending December 31, 2027

254,249

Year ending December 31, 2028

183,839

Year ending December 31, 2029

123,016

Year ending December 31, 2030

89,885

Thereafter

134,944

Total (1)

$

1,100,867

(1)Minimum future lease cash flows related to the Utica Shale Property and Equipment classified as held for sale were $48 million as of December 31, 2025.
Schedule of disaggregation of revenue

Year Ended December 31,

(in thousands)

  ​ ​ ​

2023

  ​ ​ ​

2024

2025

Reportable segment / Type of service

Gathering and Processing (1)

Gathering—low pressure

$

420,002

427,074

451,168

Gathering—low pressure fee rebate

(51,500)

Compression

246,952

252,984

269,563

Gathering—high pressure

226,908

246,005

266,553

Amortization of customer relationships

(37,086)

(37,086)

(37,086)

Water Handling

Fresh water delivery

164,641

149,072

154,498

Other fluid handling

105,440

101,730

117,316

Amortization of customer relationships

(33,586)

(33,586)

(33,586)

Total

$

1,041,771

1,106,193

1,188,426

Reportable segment / Type of contract

Gathering and Processing (1)

Per unit fixed fee

$

893,862

926,063

987,284

Gathering—low pressure fee rebate

(51,500)

Amortization of customer relationships

(37,086)

(37,086)

(37,086)

Water Handling

Per unit fixed fee

166,055

151,016

156,914

Cost plus 3%

81,125

69,095

77,202

Cost of service fee

22,901

30,691

37,698

Amortization of customer relationships

(33,586)

(33,586)

(33,586)

Total

$

1,041,771

1,106,193

1,188,426

(1)Revenue related to the gathering and processing segment is classified as lease income related to the gathering and compression systems.