Related Parties Transactions |
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| Related Parties Transactions | Related Party Transactions We provide natural gas compression and treating services to entities affiliated with Energy Transfer, which as of June 30, 2025, owned approximately 38% of our limited partner interests and 100% of the General Partner. Under our partnership agreement, our General Partner does not receive a management fee or other compensation for its role as our general partner. However, our General Partner is reimbursed for expenses incurred on our behalf. These expenses include costs allocable to us under the shared services model with Energy Transfer, as well as all other expenses necessary or appropriate to the conduct of our business that are allocable to us, as provided for in our partnership agreement. There is no cap on the amount that may be paid or reimbursed to our General Partner. Related party transactions from those entities affiliated with Energy Transfer on our unaudited condensed consolidated statements of operations were as follows (in thousands):
Balances with related parties from those entities affiliated with Energy Transfer on our unaudited condensed consolidated balance sheets were as follows (in thousands):
Additionally, for the three and six months ended June 30, 2025, we recognized capitalized expense reimbursement of $0.2 million and $0.4 million, respectively, to other assets related to cloud computing arrangement ERP implementation costs. We have binding commitments under purchase orders for new compression units ordered but not received with an entity affiliated with Energy Transfer. The commitments as of June 30, 2025, were $44.9 million.
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