ESSENTIAL UTILITIES, INC. AND SUBSIDIARIES Notes to Consolidated Financial Statements (continued) (In thousands of dollars, except per share amounts)
Wastewater Revenues
Natural Gas Revenues
2024
Water Revenues
Other Revenues
Revenues from contracts with customers: Residential
$
662,909 $
146,849 $
504,426 $
- - - - - - -
Commercial Fire protection
186,534 42,409 34,831
36,951
100,662
-
-
Industrial
2,724
2,279
Gas transportation & storage
-
- -
194,413
Other water
80,964
- -
Other wastewater
- -
12,898
Other utility
-
30,436 832,216 10,775
11,226 11,226
Revenues from contracts with customers
1,007,647
199,422
Alternative revenue program
3,850
(265)
-
Other and eliminations
-
-
-
21,242
Consolidated
$
1,011,497 $
199,157 $
842,991 $ 32,468
Wastewater Revenues
Natural Gas Revenues
2023
Water Revenues
Other Revenues
Revenues from contracts with customers: Residential
$
641,351 $
139,188 $
519,406 $
- - - - - - -
Commercial Fire protection
180,731 41,257 33,949
35,530
111,272
-
-
Industrial
2,087
3,232
Gas transportation & storage
-
- -
184,598
Other water
51,527
- -
Other wastewater
- -
10,589
Other utility
-
43,163 861,671
14,863 14,863
Revenues from contracts with customers
948,815
187,394
Alternative revenue program
2,236
68
2,088
-
Other and eliminations
-
-
-
36,689
Consolidated
$
951,051 $
187,462 $
863,759 $ 51,552
Revenues from Contracts with Customers – These revenues are composed of four main categories: water, wastewater, natural gas, and other. Water revenues represent revenues earned for supplying customers with water service. Wastewater revenues represent revenues earned for treating wastewater and releasing it into the environment. Natural gas revenues represent revenues earned for the gas commodity and delivery of natural gas to customers. Other revenues are associated fees that relate to our utility businesses but are not water, wastewater, or natural gas revenues. Refer to the description below for a discussion of the performance obligation for each of these revenue streams. Tariff Revenues – These revenues are categorized by customer class: residential, commercial, fire protection, industrial, gas transportation, other water, and other wastewater. The rates that generate these revenues are approved by the respective state utility commission, and revenues are billed cyclically and accrued for when unbilled. The regulated natural gas rates are set and adjusted for increases or decreases in our purchased gas costs through purchased gas adjustment mechanisms. Purchased gas adjustment mechanisms provide us with a means to recover purchased gas costs on an ongoing basis without filing a rate case. Other water and other wastewater revenues consists primarily of fines, penalties, surcharges, and availability lot fees. Our performance obligation for tariff revenues is to provide potable water, wastewater treatment service, or delivery and sale of natural gas to customers. This performance obligation is satisfied over time as the services are rendered. The amounts that the Company has a right to invoice for tariff revenues reflect the right to consideration from the customers in an amount that corresponds directly with the value transferred to the customer for the performance completed to date.
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