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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

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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.

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