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Assets Held for Sale | 6 Months Ended
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Jun. 30, 2025
Assets Held for Sale. |
Assets Held for Sale | 18. Assets Held for Sale During the second quarter of 2025, we committed to a plan to sell certain contract operations customer agreements and approximately 155 compressors, comprising approximately 47,000 horsepower, used to provide compression services under those agreements, as well as other assets used to support the operations and determined that the criteria for classification as assets held for sale as of June 30, 2025 was met. The disposal group includes an allocation of goodwill, customer-related intangible assets and unamortized revenue recognition balance sheet accounts based on a ratio of the horsepower sold relative to the total horsepower of the asset group. To adjust the carrying value of the disposal group to its estimated fair value less costs to sell, we recorded a write-down of $8.7 million during the three and six months ended June 30, 2025, which is included in long-lived and other asset impairment in our condensed consolidated statements of operations. The following table summarizes the estimated fair value less costs to sell of the disposal group classified as assets held for sale in our condensed consolidated balance sheet as of June 30, 2025: ​
​ | ​ | ​ | ​
(in thousands) |  | June 30, 2025
Property, plant and equipment, net | ​ | $ | 74,101
Intangible assets, net | ​ | ​ | 4,379
Goodwill | ​ | ​ | 547
Other assets | ​ | ​ | 359
Write-down(1) | ​ | ​ | (8,736)
Estimated fair value less costs to sell of disposal group | ​ | $ | 70,650
(1) Includes a write-down of $4.4 million related to intangible assets, net, $3.4 million related to property, plant and equipment, net, $0.5 million related to goodwill and $0.4 million related to other assets. See Note 15 (“Fair Value Measurements”) for further details. Sale of disposal group On August 1, 2025, we completed the sale of the disposal group classified as held for sale as of June 30, 2025. The transaction, executed pursuant to the asset purchase agreement dated July 1, 2025, included contract operations customer agreements, compression and other assets sold to Flowco for cash consideration of $71.0 million. The purchase price is subject to customary post-closing adjustments in accordance with the terms of the asset purchase agreement.

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- Definition Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 + Details
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