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Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment, Net

Property, Plant and Equipment, Net

8. Property, Plant and Equipment, net

Property, plant and equipment, net is comprised of the following:

​

​	​	​	​	​	​	​
​	​	December 31,
(in thousands)	​	2024		​	2023
Compression equipment, facilities and other fleet assets	​	$	4,392,818	​	$	3,326,919
Land and buildings	​		32,060	​		30,169
Transportation and shop equipment	​		118,413	​		100,474
Computer hardware and software	​		78,021	​		77,532
Other	​		7,411	​		5,678
Property, plant and equipment	​		4,628,723	​		3,540,772
Accumulated depreciation	​		(1,304,893)	​		(1,238,790)
Property, plant and equipment, net	​	$	3,323,830	​	$	2,301,982

​

Depreciation expense was $185.1 million, $159.3 million and $155.4 million during the years ended December 31, 2024, 2023 and 2022, respectively. Assets under construction of $125.0 million and $64.7 million at December 31, 2024 and 2023, respectively, primarily consisted of compression equipment and other fleet assets.

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/360/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-7

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