Quarterly report pursuant to Section 13 or 15(d)

Transportation and Distribution Revenue (Tables)

v3.20.1
Transportation and Distribution Revenue (Tables)
 3 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
Contract with Customer, Asset and Liability
The table below summarizes the Company's contract liability balance related to its transportation and distribution revenue contracts as of March 31, 2020:
 
Contract Liability(1)
 
March 31, 2020
 
December 31, 2019
Beginning Balance January 1
$
6,850,790

 
$
6,522,354

Unrecognized Performance Obligations
—

 
887,916

Recognized Performance Obligations
(160,368
)
 
(559,480
)
Ending Balance
$
6,690,422

 
$
6,850,790

(1) 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 months ended March 31, 2020 and 2019:
 
For the Three Months Ended
 
March 31, 2020
 
March 31, 2019
Natural gas transportation contracts
68.8
%
 
61.4
%
Natural gas distribution contracts
23.2
%
 
34.8
%