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Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2025

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)	2025		2024		2025		2024
Contract operations:
0 ― 1,000 horsepower per unit	$	107,606	$	60,589	$	318,508	$	151,250
1,001 ― 1,500 horsepower per unit		109,494		96,160		317,450		286,517
Over 1,500 horsepower per unit		109,020		88,529		308,591		255,684
Other ⁽¹⁾		149		142		444		488
Total contract operations revenue ⁽²⁾		326,269		245,420		944,993		693,939

Aftermarket services:
Services		35,039		27,396		94,201		78,509
OTC parts and components sales		21,122		19,029		71,679		58,411
Other		—		316		1,872		316
Total aftermarket services revenue ⁽³⁾		56,161		46,741		167,752		137,236

Total revenue	$	382,430	$	292,161	$	1,112,745	$	831,175

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

(2) Includes $1.3 million and $1.5 million for the three months ended September 30, 2025 and 2024, respectively, and $4.7 million and $3.8 million for the nine months ended September 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		Thereafter ⁽¹⁾		Total
Remaining performance obligations	$	202,777	$	427,364	$	155,181	$	55,833	$	20,547	$	8,894	$	870,596

(1) Performance obligations of $7.6 million, $0.7 million and $0.5 million during the years ended December 31, 2030, 2031 and 2032, respectively.

Summary of changes in allowance for credit losses


(in thousands)
Balance at beginning of period	$	414
Provision for credit losses		524
Write-offs charged against allowance		(257)
Balance at end of period	$	681