XML 45 R34.htm IDEA: XBRL DOCUMENT

Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2025

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)	2025		2024		2025		2024
Contract operations:
0 ― 1,000 horsepower per unit	$	108,670	$	45,334	$	210,902	$	90,661
1,001 ― 1,500 horsepower per unit		106,354		94,687		207,956		190,357
Over 1,500 horsepower per unit		103,155		85,290		199,571		167,155
Other ⁽¹⁾		148		157		295		346
Total contract operations revenue ⁽²⁾		318,327		225,468		618,724		448,519

Aftermarket services:
Services		33,107		25,675		59,162		51,113
OTC parts and components sales		29,846		19,383		50,557		39,382
Other		1,872		—		1,872		—
Total aftermarket services revenue ⁽³⁾		64,825		45,058		111,591		90,495

Total revenue	$	383,152	$	270,526	$	730,315	$	539,014

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

(2) Includes $1.8 million and $1.1 million for the three months ended June 30, 2025 and 2024, respectively, and $3.4 million and $2.2 million for the six months ended June 30, 2025 and 2024, 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)	2025		2026		2027		2028		2029		2030		Total
Remaining performance obligations	$	339,921	$	396,255	$	130,694	$	48,156	$	16,058	$	2,663	$	933,747

Summary of changes in allowance for credit losses


(in thousands)
Balance at beginning of period	$	414
Provision for credit losses		227
Write-offs charged against allowance		(25)
Balance at end of period	$	616