Related Party Transactions |
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| Related Party Transactions | 18. Related Party Transactions ECOTEC During the three and six months ended June 30, 2026, we made purchases of $0.1 million and $0.3 million, respectively, from our unconsolidated affiliate ECOTEC, whereas during the three and six months ended June 30, 2025, we made purchases of $0.2 million and $0.3 million, respectively, from our unconsolidated affiliate. FGC Holdco During the three and six months ended June 30, 2026, we made no purchases from our unconsolidated affiliate FGC Holdco, whereas during the three and six months ended June 30, 2025, we made purchases of $1.2 million and $3.1 million, respectively, from our unconsolidated affiliate. The carrying value of assets and liabilities recognized in our condensed consolidated balance sheets related to our variable interests in FGC Holdco and our maximum exposure to loss related to our involvement with an unconsolidated VIE were as follows:
Hilcorp From August 2019 to present, our Board of Directors has included a member affiliated with our customer Hilcorp or its subsidiaries or affiliates. During the three and six months ended June 30, 2026, revenue from Hilcorp and affiliates was $9.5 million and $18.5 million, respectively, whereas during the three and six months ended June 30, 2025, revenue from Hilcorp and affiliates was $10.6 million and $21.7 million, respectively. During the three and six months ended June 30, 2026, there were no used equipment sales to Hilcorp and affiliates, whereas during both the three and six months ended June 30, 2025, we recorded a sale of used equipment to Hilcorp and affiliates of $9.9 million. Accounts receivable, net due from Hilcorp and affiliates was $1.6 million and $1.7 million as of June 30, 2026 and December 31, 2025, respectively. Shoreline AI During both the three and six months ended June 30, 2026, we made purchases of $0.1 million from our unconsolidated affiliate Shoreline AI. |
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