Annual report pursuant to Section 13 and 15(d)

Transportation and Distribution Revenue (Tables)

v3.19.3.a.u2
Transportation and Distribution Revenue (Tables)
 12 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
Summary of Contract Liability Balance
The table below summarizes the Company's contract liability balance related to its transportation and distribution revenue contracts as of December 31, 2019 and 2018:
 
Contract Liability(1)
 
December 31, 2019
 
December 31, 2018
Beginning Balance January 1
$
6,522,354

 
$
—

Cumulative Transition Adjustment Upon Adoption of ASC 606
—

 
3,307,109

Unrecognized Performance Obligations
887,916

 
3,307,109

Recognized Performance Obligations
(559,480
)
 
(91,864
)
Ending Balance December 31
$
6,850,790

 
$
6,522,354

(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 years ended December 31, 2019, 2018 and 2017:
 
For the Years Ended December 31,
 
2019
 
2018
 
2017
Natural gas transportation contracts
67.8
%
 
64.3
%
 
71.5
%
Natural gas distribution contracts
25.5
%
 
26.8
%
 
20.4
%