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Goodwill and Intangible Assets, Net (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill

The following table summarizes the activity in goodwill balance for periods presented below (in thousands):

 

 

Natural Gas Technologies

 

 

Production Solutions

 

 

Total

 

 

 

Goodwill

 

 

Accumulated
Impairment
Losses

 

 

Goodwill, net of
Accumulated
Impairment

 

 

Goodwill

 

 

Accumulated
Impairment
Losses

 

 

Goodwill, net of
Accumulated
Impairment

 

 

Goodwill, net of
Accumulated
Impairment

 

Balance as of December 31, 2023

 

$

 

—

 

 

$

 

—

 

 

$

 

—

 

 

$

 

7,596

 

 

$

 

(5,372

)

 

$

 

2,224

 

 

$

 

2,224

 

Additions to goodwill

 

 

 

66,325

 

 

 

 

—

 

 

 

 

66,325

 

 

 

 

181,143

 

 

 

 

—

 

 

 

 

181,143

 

 

 

 

247,468

 

Goodwill impairment

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

Balance as of December 31, 2024

 

$

 

66,325

 

 

$

 

—

 

 

$

 

66,325

 

 

$

 

188,739

 

 

$

 

(5,372

)

 

$

 

183,367

 

 

$

 

249,692

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2024

 

$

 

66,325

 

 

$

 

—

 

 

$

 

66,325

 

 

$

 

188,739

 

 

$

 

(5,372

)

 

$

 

183,367

 

 

$

 

249,692

 

Additions to goodwill

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

Goodwill impairment

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

 

 

 

—

 

Balance as of December 31, 2025

 

$

 

66,325

 

 

$

 

—

 

 

$

 

66,325

 

 

$

 

188,739

 

 

$

 

(5,372

)

 

$

 

183,367

 

 

$

 

249,692

 
Schedule of Intangible Assets, Net

Intangible assets, net, consist of the following as of December 31, 2025 and 2024 (in thousands):

 

 

December 31, 2025

 

 

December 31, 2024

 

 

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Net
Carrying
Value

 

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Net
Carrying
Value

 

Developed technology

 

$

 

97,354

 

 

 

 

(16,584

)

 

$

 

80,770

 

 

$

 

97,350

 

 

$

 

(9,221

)

 

$

 

88,129

 

Trade name

 

 

 

61,010

 

 

 

 

(11,946

)

 

 

 

49,064

 

 

 

 

61,010

 

 

 

 

(5,845

)

 

 

 

55,165

 

Customer relationships

 

 

 

170,264

 

 

 

 

(28,659

)

 

 

 

141,605

 

 

 

 

168,340

 

 

 

 

(11,350

)

 

 

 

156,990

 

Non-compete agreement

 

 

 

2,048

 

 

 

 

(796

)

 

 

 

1,252

 

 

 

 

2,048

 

 

 

 

—

 

 

 

 

2,048

 

Patent

 

 

 

764

 

 

 

 

(18

)

 

 

 

746

 

 

 

 

193

 

 

 

 

(3

)

 

 

 

190

 

Total

 

$

 

331,440

 

 

$

 

(58,003

)

 

$

 

273,437

 

 

$

 

328,941

 

 

$

 

(26,419

)

 

$

 

302,522

 
Schedule of Weighted Average Remaining Useful Lives of Company's Intangible Assets

As of December 31, 2025, the weighted average remaining useful lives for the Company's intangible assets are as follows:

Developed technology

 

12.8 Years

Trade name

 

8.1 Years

Customer relationships

 

8.5 Years

Non-compete agreement

 

1.9 Years

Patent

 

18.5 Years
Schedule of Estimated Future Amortization Expense Estimated future amortization expense as of December 31, 2025 for each of the next five years and thereafter is as follows (in thousands):

 

2026

$

 

32,036

 

2027

 

 

31,922

 

2028

 

 

30,450

 

2029

 

 

29,432

 

2030

 

 

28,431

 

Thereafter

 

 

121,166

 

$

 

273,437