REVENUE RECOGNITION (Tables)

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

The following table presents a disaggregation of the Company’s revenue:


	Three Months Ended March 31,
	2026		2025

	(In thousands)
Gathering and processing services	$	93,772	$	127,926
Natural gas, NGLs and condensate sales	312,233		312,505
Other revenue	3,971		2,832
Total revenues	$	409,976	$	443,263

Schedule of Remaining Performance Obligation, Expected Timing of Satisfaction

The following table presents our estimated revenue from contracts with customers for remaining performance obligations that have not yet been recognized, representing our contractually committed revenues as of March 31, 2026:


	Amount

Fiscal Year	(In thousands)
Remaining 2026	$	29,992
2027	70,331
2028	75,488
2029	74,736
2030	90,133
Thereafter	88,208
	$	428,888

Schedule of Contract with Customer, Contract Liability

The following table provides information about contract liabilities from contracts with customers as of March 31, 2026:


	Amount

	(In thousands)
Balance at December 31, 2025	$	36,632
Reclassification of beginning contract liabilities to revenue as a result of performance obligations being satisfied	(1,633)
Cash received in advance and not recognized as revenue	777
Balance at March 31, 2026	35,776
Less: Current portion	5,283
Non-current portion	$	30,493

Kinetik Holdings Inc. 10-Q