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Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contracts with Customers

Schedule of revenue from contracts with customers by segment


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in thousands)	2024		2023		2024		2023
Contract operations:
0 ― 1,000 horsepower per unit	$	60,589	$	43,142	$	151,250	$	126,272
1,001 ― 1,500 horsepower per unit		96,160		90,016		286,517		259,830
Over 1,500 horsepower per unit		88,529		74,140		255,684		209,526
Other ⁽¹⁾		142		254		488		789
Total contract operations revenue ⁽²⁾		245,420		207,552		693,939		596,417

Aftermarket services:
Services		27,396		24,860		78,509		70,676
OTC parts and components sales		19,029		20,955		58,411		63,651
Other		316		—		316		—
Total aftermarket services revenue ⁽³⁾		46,741		45,815		137,236		134,327

Total revenue	$	292,161	$	253,367	$	831,175	$	730,744

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

(2) Includes $1.5 million and $1.0 million for the three months ended September 30, 2024 and 2023, respectively, and $3.8 million and $2.9 million for the nine months ended September 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 and other 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	$	175,887	$	387,950	$	208,119	$	41,617	$	12,350	$	2,403	$	828,326

Summary of changes in allowance for credit losses


(in thousands)
Balance at beginning of period	$	587
Provision for credit losses		95
Write-offs charged against allowance		(44)
Balance at end of period	$	638