v3.25.4
Note 5 - Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

5. PROPERTY, PLANT AND EQUIPMENT, NET

 

Property, Plant and Equipment

 

The Company’s property, plant and equipment, net as of  December 31, 2025 and 2024, consisted of the following (in thousands):

 

  

Estimated

         
  

Useful Life

  

December 31,

 
  

(years)

  

2025

  

2024

 
            

Liquefaction plants and systems

 10 - 15  $57,341  $56,752 

Real property and buildings

 3 - 25   2,082   2,082 

Vehicles and tanker trailers and equipment

 2 - 10   50,316   49,754 

Computer and office equipment

 2 - 7   897   545 

Construction in progress

 —   14,946   8,082 

Leasehold improvements

 —   31   31 

Total

     125,613   117,246 

Less: accumulated depreciation

     (72,666)  (65,518)

Net

    $52,947  $51,728 

 

Depreciation expense for the years ended  December 31, 2025 and 2024 totaled $7.3 million and $7.1 million respectively, of which all is included in the Consolidated Statements of Operations as its own line item.

 

Construction in progress of $14.9 million and $8.1 million at  December 31, 2025 and 2024, respectively, primarily relate to the deployment and build-out of liquefaction assets and the purchase of additional liquefaction assets, in the prior year, and in the current year, investment in growth initiatives, related to proposed expansion efforts in Galveston, Texas.