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Revenue from Contracts with Customers (Tables)

6 Months Ended

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