Quarterly report pursuant to Section 13 or 15(d)

Transportation and Distribution Revenue (Tables)

v3.19.2
Transportation and Distribution Revenue (Tables)
 6 Months Ended
Jun. 30, 2019
Revenue from Contract with Customer [Abstract]  
Contract with Customer, Asset and Liability
The table below summarizes the Company's contract asset and contract liability balances related to its transportation and distribution revenue contracts as of June 30, 2019:
 
Contract Asset(1)
 
Contract Liability(2)
Beginning Balance January 1, 2019
$
180,579

 
$
6,522,354

Unrecognized Performance Obligations
(231,916
)
 
186,398

Recognized Performance Obligations
158,455

 
(275,592
)
Ending Balance June 30, 2019
$
107,118

 
$
6,433,160

(1) The contract asset balance is included in prepaid expenses and other assets in the Consolidated Balance Sheets.
(2) The contract liability balance is included in unearned revenue in the Consolidated Balance Sheets.
Schedules of Concentration of Risk
The following is a breakout of the Company's transportation and distribution revenue for the three and six months ended June 30, 2019 and 2018:
 
For the Three Months Ended
 
For the Six Months Ended
 
June 30, 2019
 
June 30, 2018
 
June 30, 2019
 
June 30, 2018
Natural gas transportation contracts
57.6
%
 
66.1
%
 
59.5
%
 
66.3
%
Natural gas distribution contracts
35.0
%
 
27.2
%
 
34.9
%
 
26.8
%