| Property, Plant and Equipment, net |
7. Property, Plant and Equipment, net Property, plant and equipment, net consisted of the following: | | | | | | | | | | | | (in thousands) | June 30, 2026 | | December 31, 2025 | | Compression equipment | $ | 4,468,626 | | | $ | 4,391,894 | | | Power equipment | 491,490 | | | — | | | Field equipment | 179,535 | | | 99,277 | | | Buildings and shipping containers | 5,393 | | | 5,065 | | | Technology hardware and software | 7,250 | | | 6,901 | | | Trailers and vehicles | 30,964 | | | 20,646 | | | Leasehold improvements | 15,053 | | | 14,986 | | | Furniture and fixtures | 2,642 | | | 2,643 | | | Land | 1,000 | | | 1,000 | | | | | | | Total property, plant and equipment, gross | 5,201,953 | | | 4,542,412 | | | Less: accumulated depreciation | (1,289,423) | | | (1,164,857) | | | Property, plant and equipment, net | $ | 3,912,530 | | | $ | 3,377,555 | |
Depreciation expense was $72.9 million and $137.2 million for the three and six months ended June 30, 2026, respectively, and is recorded within depreciation and amortization in the accompanying condensed consolidated statements of operations. Depreciation expense was $62.1 million and $128.5 million for the three and six months ended June 30, 2025, respectively. The Company rents equipment to customers under ASC 842 operating lease arrangements. As of June 30, 2026, gross rental equipment of $491.5 million was included in property and equipment, of which $153.2 million is classified as construction in progress and not yet available for lease.
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