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Trade Accounts Receivable
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Trade Accounts Receivable Trade Accounts Receivable
The following table summarizes our trade accounts receivable from customers as of the dates presented:
March 31, December 31,
20252024
Trade accounts receivable
Rentals$14,339 $14,218 
Sales and aftermarket services1,624 2,657 
15,963 16,875 
Less: Allowance for credit losses
(548)(1,249)
Total trade accounts receivable, net$15,415 $15,626 
Our trade accounts receivable consist of customer obligations due under normal trade terms for (i) operating leases for the use of our compressor equipment, (ii) the sale of compressors and related equipment and (iii) the performance of aftermarket services.
Major Customers and Concentration of Credit Risk
Rental revenue and sales from Occidental Permian, LTD. (“Oxy”) in the three months ended March 31, 2025 and 2024 amounted to 46 percent and 51 percent of revenue, respectively. No other single customer accounted for more than 10 percent of our revenues during these periods. Likewise, Oxy’s accounts receivable balances amounted to 47 percent and 52 percent of our accounts receivable as of March 31, 2025, and December 31, 2024, respectively. No other customers amounted to more than 10 percent of our accounts receivable as of these dates.
Allowance for Credit Losses
The following table summarizes the changes in our allowance for credit losses for the periods presented:
Three months endedYear ended
March 31, December 31,
20252024
Beginning balance$1,249 $823 
Provision for credit losses208 433 
Write-offs(909)(7)
Ending balance$548 $1,249 
Management believes that the allowance is adequate; however, actual write-offs may exceed the recorded allowance. The substantial write-off of the allowance for credit losses during the three months ended March 31, 2025 reflects certain aged receivables that are no longer deemed collectible.