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Revenue from Contracts with Customers

12 Months Ended

Dec. 31, 2023

Revenue from Contracts with Customers

Revenue from Contracts with Customers

18. Revenue from Contracts with Customers

The following table presents our revenue from contracts with customers by segment (see Note 29 (“Segments”)) and disaggregated by revenue source:

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​	​	​	​	​	​	​	​	​	​
​	​	​					​	​	​
​	​	Year Ended December 31,
(in thousands)	​	2023			2022			2021
Contract operations:	​	​		​	​		​	​
0 ― 1,000 horsepower per unit	​	$	170,320	​	$	159,140	​	$	175,457
1,001 ― 1,500 horsepower per unit	​		350,961	​		285,758	​		267,191
Over 1,500 horsepower per unit	​		287,183	​		231,923	​		204,893
Other (1)	​		975	​		980	​		770
Total contract operations revenue (2)	​		809,439	​		677,801	​		648,311
​	​	​	​	​	​	​	​	​	​
Aftermarket services:	​			​			​
Services	​		98,803	​		88,728	​		69,876
OTC parts and components sales	​		82,095	​		79,039	​		63,274
Total aftermarket services revenue (3)	​		180,898	​		167,767	​		133,150
​	​	​	​	​	​	​	​	​	​
Total revenue	​	$	990,337	​	$	845,568	​	$	781,461

(1) Primarily relates to fees associated with owned non–compression equipment.

(2) Includes $4.2 million, $3.2 million and $4.0 million during the years ended December 31, 2023, 2022 and 2021, respectively, related to billable maintenance on owned compressors that was recognized at a point in time. All other contract operations revenue is recognized over time.

(3) Services revenue within aftermarket services is recognized over time. OTC parts and components sales revenue is recognized at a point in time.

Performance Obligations

As of December 31, 2023, we had $440.1 million of remaining performance obligations related to our contract operations segment, which will be recognized through 2028 as follows:

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(in thousands)

2024

​

2025

2026

2027

2028

Total

Remaining performance obligations

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$

267,825

​

$

114,456

​

$

42,574

​

$

10,082

​

$

5,181

​

$

440,118

​

We do not disclose the aggregate transaction price for the remaining performance obligations for aftermarket services as there are no contracts with customers with an original contract term that is greater than one year.

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- References

No definition available.

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- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
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-URI https://asc.fasb.org//606/tableOfContent

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