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Revenue from Contracts with Customers
12 Months Ended
Dec. 31, 2025
Revenue from Contracts with Customers  
Revenue from Contracts with Customers

18. Revenue from Contracts with Customers

The following table presents our revenue from contracts with customers by segment and disaggregated by revenue source:

Year Ended December 31, 

(in thousands)

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

Contract operations:

  ​

  ​

  ​

0 ― 1,000 horsepower per unit

$

424,362

$

246,524

$

170,320

1,001 ― 1,500 horsepower per unit

 

425,969

 

384,956

 

350,961

Over 1,500 horsepower per unit

 

421,165

 

348,295

 

287,183

Other (1)

 

585

 

630

 

975

Total contract operations revenue (2)

 

1,272,081

 

980,405

 

809,439

Aftermarket services:

 

  ​

 

  ​

 

  ​

Services

 

127,146

 

100,847

 

98,803

OTC parts and components sales

88,719

 

76,023

 

82,095

Other

 

1,872

316

Total aftermarket services revenue (3)

 

217,737

 

177,186

 

180,898

Total revenue

$

1,489,818

$

1,157,591

$

990,337

(1)Primarily relates to fees associated with owned non–compression equipment.
(2)Includes $6.1 million, $5.3 million and $4.2 million during the years ended December 31, 2025, 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 and other revenue is recognized at a point in time.

See Note 28 (“Segments”) for further details.

Performance Obligations

As of December 31, 2025, we had $851.1 million of remaining performance obligations related to our contract operations segment, which will be recognized through 2032 as follows:

(in thousands)

  ​ ​ ​

2026

  ​ ​ ​

2027

  ​ ​ ​

2028

  ​ ​ ​

2029

  ​ ​ ​

2030

Thereafter (1)

  ​ ​ ​

Total

Remaining performance obligations

$

543,250

$

201,037

$

71,017

$

24,759

$

9,784

$

1,267

$

851,114

(1) Performance obligations of $0.7 million and $0.6 million during the years ended December 31, 2031 and 2032, respectively.

We do not disclose the aggregate transaction price for the remaining performance obligations for aftermarket services as there are no contracts with customers with an original contract term that is greater than one year.