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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
Fair value  
Schedule of changes in assets measured at fair value on a recurring basis

(in thousands)

2025

2024

Balance at beginning of period

$

14,671

$

14,905

Purchases of equity interests

1,250

Unrealized loss (1)

(25)

(1,484)

Balance at end of period

14,646

14,671

(1)Included in other expense, net in our consolidated statement of operations.
Schedule of carrying value and estimated fair value of debt instruments

December 31, 

(in thousands)

2025

2024

Carrying amount of fixed rate debt (1)

$

1,500,000

$

1,800,000

Fair value of fixed rate debt

 

1,527,000

 

1,796,000

(1)Carrying amounts exclude unamortized debt premium and deferred financing costs. See Note 15 (“Long-Term Debt”) for further details.
Compressors  
Fair value  
Schedule of non-recurring fair value assets

(in thousands)

2025

2024

Impaired compression fleet

$

871

$

1,048

Schedule of significant unobservable inputs

  ​ ​ ​

Range

  ​ ​ ​ ​ ​ ​

  ​ ​Weighted Average (1)

Estimated net sale proceeds:

As of December 31, 2025

$0 - $241 per horsepower

$54 per horsepower

As of December 31, 2024

$0 - $188 per horsepower

$46 per horsepower

(1) Calculated based on an estimated discount for market liquidity of 19% and 25% as of December 31, 2025 and 2024, respectively.

ECOTEC | Equity investment  
Fair value  
Schedule of significant unobservable inputs

Significant

Year Ended

Year Ended

Unobservable

December 31, 2025

December 31, 2024

Inputs

Range

Median

Range

Median

Valuation technique:

  ​ ​ ​ ​ ​

Discounted cash flow

WACC

0.0% - 17.8%

11.1%

0.0% - 17.0%

12.9%

Guideline public company

Revenue multiple

1.6x - 7.6x

5.3x

1.6x - 7.3x

4.3x