Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2026

Revenue from Contracts with Customers

Schedule of revenue from contracts with customers by segment


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2026		2025		2026		2025
Contract operations:
0 ― 1,000 horsepower per unit	$	105,444	$	108,670	$	212,584	$	210,902
1,001 ― 1,500 horsepower per unit		106,249		106,354		215,700		207,956
Over 1,500 horsepower per unit		117,436		103,155		231,587		199,571
Other ⁽¹⁾		131		148		269		295
Total contract operations revenue ⁽²⁾		329,260		318,327		660,140		618,724

Aftermarket services:
Services		22,915		33,107		44,387		59,162
OTC parts and components sales		19,063		29,846		40,478		50,557
Other		—		1,872		—		1,872
Total aftermarket services revenue ⁽³⁾		41,978		64,825		84,865		111,591

Total revenue	$	371,238	$	383,152	$	745,005	$	730,315

(1) Primarily relates to fees associated with owned non-compression equipment.

(2) Includes $1.6 million and $1.8 million for the three months ended June 30, 2026 and 2025, respectively, and $3.1 million and $3.4 million for the six months ended June 30, 2026 and 2025, respectively, related to billable maintenance on owned compressors that was recognized at a point in time. All other contract operations revenue is recognized over time.

(3) Services revenue within aftermarket services is recognized over time. OTC parts and components sales revenue and other revenue is recognized at a point in time.

Schedule of remaining performance obligations


(in thousands)		2026			2027			2028			2029			2030		Thereafter ⁽¹⁾			Total
Remaining performance obligations		$	351,346		$	413,296		$	212,807		$	140,457		$	109,724	$	274,546		$	1,502,176

(1) Performance obligations are expected to be $89.6 million, $79.9 million, $71.5 million and $33.5 million during the years ending December 31, 2031, 2032, 2033 and 2034, respectively.

Summary of changes in allowance for credit losses


(in thousands)
Balance at beginning of period	$	1,205
Provision for credit losses		85
Write-offs charged against allowance		(85)
Balance at end of period	$	1,205