Revenue (Tables)

6 Months Ended

Jun. 30, 2026

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 June 30, 2026 are as follows (in thousands):


Remainder of year ending December 31, 2026		$	105,459
Year ending December 31, 2027			231,476
Year ending December 31, 2028			181,531
Year ending December 31, 2029			123,016
Year ending December 31, 2030			89,885
Thereafter			134,943
Total		$	866,310

Schedule of disaggregation of revenue


		Three Months Ended June 30,						Six Months Ended June 30,
(in thousands)		2025			2026			2025			2026
Reportable segment / Type of service
Gathering and Processing ⁽¹⁾
Gathering		$	113,890			137,734			222,895			263,490
Compression			68,017			72,476			133,091			142,921
High pressure gathering			66,994			61,297			130,932			127,390
Amortization of customer relationships			(9,272)			(13,784)			(18,543)			(26,168)
Water Handling
Fresh water delivery			39,066			33,182			80,275			66,501
Other fluid handling			35,173			45,357			64,744			85,165
Amortization of customer relationships			(8,396)			(9,018)			(16,793)			(17,844)
Total		$	305,472			327,244			596,601			641,455

Reportable segment / Type of contract
Gathering and Processing ⁽¹⁾
Per unit fixed fee		$	248,901			264,807			486,918			523,229
Cost plus 3%			—			6,624			—			10,496
Cost of service fee			—			76			—			76
Amortization of customer relationships			(9,272)			(13,784)			(18,543)			(26,168)
Water Handling
Per unit fixed fee			39,531			33,182			81,246			66,812
Cost plus 3%			25,592			30,117			45,945			56,174
Cost of service fee			9,116			15,240			17,828			28,680
Amortization of customer relationships			(8,396)			(9,018)			(16,793)			(17,844)
Total		$	305,472			327,244			596,601			641,455

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