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Revenue Recognition (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Contract operations revenue | $ | 319,449 |  |  | $ | 242,155 |  |  | $ | 628,785 |  |  | $ | 481,822 |
Retail parts and services revenue | 22,697 |  |  | 7,970 |  |  | 44,636 |  |  | 13,537 |
Total revenues | $ | 342,146 |  |  | $ | 250,125 |  |  | $ | 673,421 |  |  | $ | 495,359 |
The following table disaggregates our revenue by timing of provision of services or transfer of goods (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Services provided over time: |  |  |  |  |  |  |
Primary term | $ | 238,350 |  |  | $ | 201,995 |  |  | $ | 469,158 |  |  | $ | 396,528 |
Month-to-month | 81,099 |  |  | 40,160 |  |  | 159,627 |  |  | 85,294 |
Total services provided over time | 319,449 |  |  | 242,155 |  |  | 628,785 |  |  | 481,822 |
Services provided or goods transferred at a point in time | 22,697 |  |  | 7,970 |  |  | 44,636 |  |  | 13,537 |
Total revenues | $ | 342,146 |  |  | $ | 250,125 |  |  | $ | 673,421 |  |  | $ | 495,359 |
Summary of deferred revenue | Components of deferred revenue were as follows (in thousands):
| Balance sheet location |  | June 30, 2026 |  | December 31, 2025
Current (1) | Deferred revenue |  | $ | 74,622 |  |  | $ | 65,013 |
Noncurrent | Other liabilities |  | 3,434 |  |  | 4,486 |
Total |  |  | $ | 78,056 |  |  | $ | 69,499 |
(1)We recognized $0.7 million and $63.4 million of revenue during the three and six months ended June 30, 2026, respectively, 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 | $ | 380,504 |  |  | $ | 474,291 |  |  | $ | 216,417 |  |  | $ | 65,854 |  |  | $ | 42,880 |  |  | $ | 1,179,946 |

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- 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
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- 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
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- 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
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