XML 45 R33.htm IDEA: XBRL DOCUMENT
v3.26.1

Revenue Recognition (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2026
Revenue from Contract with Customer [Abstract] |
Disaggregation of revenue | The following table disaggregates our revenue by type of service (in thousands):
| Three Months Ended March 31, |  |
| 2026 |  | 2025 |  |  |  |
Contract operations revenue | $ | 309,336 |  |  | $ | 239,667 |  |  |  |  |
Retail parts and services revenue | 21,939 |  |  | 5,567 |  |  |  |  |
Total revenues | $ | 331,275 |  |  | $ | 245,234 |  |  |  |  |
The following table disaggregates our revenue by timing of provision of services or transfer of goods (in thousands):
| Three Months Ended March 31, |  |
| 2026 |  | 2025 |  |  |  |
Services provided over time: |  |  |  |  |  |  |
Primary term | $ | 230,808 |  |  | $ | 194,533 |  |  |  |  |
Month-to-month | 78,528 |  |  | 45,134 |  |  |  |  |
Total services provided over time | 309,336 |  |  | 239,667 |  |  |  |  |
Services provided or goods transferred at a point in time | 21,939 |  |  | 5,567 |  |  |  |  |
Total revenues | $ | 331,275 |  |  | $ | 245,234 |  |  |  |  |
Summary of deferred revenue | Components of deferred revenue were as follows (in thousands):
| Balance sheet location |  | March 31, 2026 |  | December 31, 2025
Current (1) | Deferred revenue |  | $ | 81,161 |  |  | $ | 65,013 |
Noncurrent | Other liabilities |  | 3,960 |  |  | 4,486 |
Total |  |  | $ | 85,121 |  |  | $ | 69,499 |
________________________________ (1)We recognized $65.8 million of revenue during the three months ended March 31, 2026 related to our deferred revenue balance as of December 31, 2025.
Expected timing of recognizing remaining performance obligations | We expect to recognize these remaining performance obligations as follows (in thousands):
| 2026 (remainder) |  | 2027 |  | 2028 |  | 2029 |  | Thereafter |  | Total
Remaining performance obligations | $ | 560,034 |  |  | $ | 419,041 |  |  | $ | 177,893 |  |  | $ | 45,237 |  |  | $ | 17,333 |  |  | $ | 1,219,538 |

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration