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Contract Assets (Tables)

3 Months Ended

Mar. 31, 2025

Revenue Recognition [Abstract]

Schedule of Outstanding Contract Assets

Contract assets are as follows (in thousands):

			March 31, 2025						December 31, 2024
Contract assets			$	83,060					$	83,060
Less accumulated amortization			(15,497)						(14,016)
Contract assets, net			67,563						69,044
Less current contract assets			(5,782)						(5,939)
Contract assets, long term			$	61,781					$	63,105

The below table reflects our estimated amortization per year (in thousands) based on the Company’s current forecasted revenues from the ProFrac Agreement.

Years ending December 31,						Amortization
2025 (excluding first three months)						$	4,213
2026						8,740
2027						10,404
2028						10,404
2029						10,404
Thereafter through May 2032						23,398
Total contract assets						$	67,563

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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

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- References

No definition available.

+ Details

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