| Schedule of Disaggregation of Revenues |
The following table presents our third-party revenue from contracts with customers by reportable segment (see Note 17 – Segment Information) and disaggregated by major product and service lines, timing of revenue recognition, and geographical markets for the three months ended March 31, 2026 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2026 |
|
Segments |
|
Production
Solutions |
|
|
Natural Gas
Technologies |
|
|
Other and Eliminations |
|
|
Total |
|
Major Product/Service Lines |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Surface Equipment (1) |
|
$ |
|
70,027 |
|
|
$ |
|
— |
|
|
$ |
|
— |
|
|
$ |
|
70,027 |
|
Downhole Components |
|
|
|
70,136 |
|
|
|
|
— |
|
|
|
|
— |
|
|
|
|
70,136 |
|
Vapor Recovery (1) |
|
|
|
— |
|
|
|
|
62,111 |
|
|
|
|
(43 |
) |
|
|
|
62,068 |
|
Natural Gas Systems |
|
|
|
— |
|
|
|
|
18,519 |
|
|
|
|
(11,220 |
) |
|
|
|
7,299 |
|
Total |
|
$ |
|
140,163 |
|
|
$ |
|
80,630 |
|
|
$ |
|
(11,263 |
) |
|
$ |
|
209,530 |
|
Timing of Revenue Recognition |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goods and services transferred at a point in time |
|
$ |
|
65,446 |
|
|
$ |
|
33,474 |
|
|
$ |
|
(11,263 |
) |
|
$ |
|
87,657 |
|
Services transferred over time |
|
|
|
74,717 |
|
|
|
|
47,156 |
|
|
|
|
— |
|
|
|
|
121,873 |
|
Total |
|
$ |
|
140,163 |
|
|
$ |
|
80,630 |
|
|
$ |
|
(11,263 |
) |
|
$ |
|
209,530 |
|
Geographical Markets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States |
|
$ |
|
138,341 |
|
|
$ |
|
80,325 |
|
|
$ |
|
(11,263 |
) |
|
$ |
|
207,403 |
|
International |
|
|
|
1,822 |
|
|
|
|
305 |
|
|
|
|
— |
|
|
|
|
2,127 |
|
Total |
|
$ |
|
140,163 |
|
|
$ |
|
80,630 |
|
|
$ |
|
(11,263 |
) |
|
$ |
|
209,530 |
|
____________________________ (1) All of revenue for these service lines are recognized in accordance with ASC 842 as described within the Revenue Recognition section above. The following table presents our third-party revenue from contracts with customers by reportable segment (see Note 17 – Segment Information) and disaggregated by major product and service lines, timing of revenue recognition, and geographical markets for the three months ended March 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2025 |
|
Segments |
|
Production
Solutions |
|
|
Natural Gas
Technologies |
|
|
Other and Eliminations |
|
|
Total |
|
Major Product/Service Lines |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Surface Equipment (1) |
|
$ |
|
54,598 |
|
|
$ |
|
— |
|
|
$ |
|
— |
|
|
$ |
|
54,598 |
|
Downhole Components |
|
|
|
61,394 |
|
|
|
|
— |
|
|
|
|
— |
|
|
|
|
61,394 |
|
Vapor Recovery (1) |
|
|
|
— |
|
|
|
|
56,616 |
|
|
|
|
(45 |
) |
|
|
|
56,571 |
|
Natural Gas Systems |
|
|
|
— |
|
|
|
|
28,881 |
|
|
|
|
(9,094 |
) |
|
|
|
19,787 |
|
Total |
|
$ |
|
115,992 |
|
|
$ |
|
85,497 |
|
|
$ |
|
(9,139 |
) |
|
$ |
|
192,350 |
|
Timing of Revenue Recognition |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goods and services transferred at a point in time |
|
$ |
|
61,394 |
|
|
$ |
|
42,799 |
|
|
$ |
|
(9,139 |
) |
|
$ |
|
95,054 |
|
Services transferred over time |
|
|
|
54,598 |
|
|
|
|
42,698 |
|
|
|
|
— |
|
|
|
|
97,296 |
|
Total |
|
$ |
|
115,992 |
|
|
$ |
|
85,497 |
|
|
$ |
|
(9,139 |
) |
|
$ |
|
192,350 |
|
Geographical Markets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States |
|
$ |
|
113,458 |
|
|
$ |
|
85,298 |
|
|
$ |
|
(9,139 |
) |
|
$ |
|
189,617 |
|
International |
|
|
|
2,534 |
|
|
|
|
199 |
|
|
|
|
— |
|
|
|
|
2,733 |
|
Total |
|
$ |
|
115,992 |
|
|
$ |
|
85,497 |
|
|
$ |
|
(9,139 |
) |
|
$ |
|
192,350 |
|
___________________________ (1) All of revenue for these service lines are recognized in accordance with ASC 842 as described within the Revenue Recognition section above.
|