XML 49 R32.htm IDEA: XBRL DOCUMENT
v3.25.3

Contract Assets (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Revenue Recognition [Abstract] |
Schedule of Outstanding Contract Assets | Contract assets are as follows (in thousands):
| September 30, 2025 |  | December 31, 2024
Contract assets | $ | 83,060 |  |  | $ | 83,060 |
Less accumulated amortization | (18,226) |  |  | (14,016) |
Contract assets, net | 64,834 |  |  | 69,044 |
Less current contract assets | (8,179) |  |  | (5,939) |
Contract assets, long term | $ | 56,655 |  |  | $ | 63,105 |
The table below reflects our estimated amortization per year (in thousands) based on the Company’s forecasted revenues from the ProFrac Agreement as of September 30, 2025.
Years ending December 31, |  | Amortization |
2025 (excluding first nine months) |  | $ | 1,745 |  |
2026 |  | 8,724 |  |
2027 |  | 9,976 |  |
2028 |  | 10,443 |  |
2029 |  | 10,443 |  |
Thereafter through May 2032 |  | 23,503 |  |
Total contract assets |  | $ | 64,834 |  |

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