Annual report pursuant to Section 13 and 15(d)

Transportation and Distribution Revenue (Tables)

v3.20.4
Transportation and Distribution Revenue (Tables)
12 Months Ended
Dec. 31, 2020
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, 2020 and 2019:
Contract Liability(1)
December 31, 2020 December 31, 2019
Beginning Balance January 1 $ 6,850,790  $ 6,522,354 
Unrecognized Performance Obligations 347,811  887,916 
Recognized Performance Obligations (1,093,622) (559,480)
Ending Balance December 31 $ 6,104,979  $ 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 years ended December 31, 2020, 2019 and 2018:
For the Years Ended December 31,
2020 2019 2018
Natural gas transportation contracts 64.3  % 67.8  % 64.3  %
Natural gas distribution contracts 23.9  % 25.5  % 26.8  %