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v3.24.2

Revenue from Contracts with Customers (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contracts with Customers |
Schedule of revenue from contracts with customers by segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
(in thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Contract operations: | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
0 ― 1,000 horsepower per unit | ​ | $ | 45,334 | ​ | $ | 43,176 | ​ | $ | 90,661 | ​ | $ | 83,130
1,001 ― 1,500 horsepower per unit | ​ |  | 94,687 | ​ |  | 88,008 | ​ |  | 190,357 | ​ |  | 169,814
Over 1,500 horsepower per unit | ​ |  | 85,290 | ​ |  | 69,672 | ​ |  | 167,155 | ​ |  | 135,386
Other (1) | ​ |  | 157 | ​ |  | 264 | ​ |  | 346 | ​ |  | 535
Total contract operations revenue (2) | ​ |  | 225,468 | ​ |  | 201,120 | ​ |  | 448,519 | ​ |  | 388,865
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Aftermarket services: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Services | ​ |  | 25,675 | ​ |  | 24,567 | ​ |  | 51,113 | ​ |  | 45,816
OTC parts and components sales | ​ |  | 19,383 | ​ |  | 21,856 | ​ |  | 39,382 | ​ |  | 42,696
Total aftermarket services revenue (3) | ​ |  | 45,058 | ​ |  | 46,423 | ​ |  | 90,495 | ​ |  | 88,512
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total revenue | ​ | $ | 270,526 | ​ | $ | 247,543 | ​ | $ | 539,014 | ​ | $ | 477,377
(1) | Primarily relates to fees associated with owned non-compression equipment.
(2) | Includes $1.1 million for each of the three months ended June 30, 2024, and 2023, and $2.2 million and $1.9 million for the six months ended June 30, 2024 and 2023, 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.
Schedule of remaining performance obligations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) | ​ |  | 2024 | ​ | 2025 | ​ | 2026 |  | 2027 |  | 2028 |  | 2029 |  | Total
Remaining performance obligations | ​ | ​ | $ | 218,909 | ​ | $ | 244,411 | ​ | $ | 131,685 | ​ | $ | 25,523 | ​ | $ | 10,017 | ​ | $ | 1,226 | ​ | $ | 631,771
Summary of changes in allowance for credit losses | ​
​ | ​ | ​ | ​
(in thousands) |  | ​ | ​
Balance at beginning of period |  | $ | 587
Provision for credit losses | ​ | ​ | 5
Write-offs charged against allowance | ​ | ​ | (36)
Balance at end of period | ​ | $ | 556

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