v3.26.1
Property, Plant and Equipment, net
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property, Plant and Equipment, net
7. Property, Plant and Equipment, net
Property, plant and equipment, net consisted of the following:
(in thousands)
June 30, 2026December 31, 2025
Compression equipment$4,468,626 $4,391,894 
Power equipment491,490 — 
Field equipment179,535 99,277 
Buildings and shipping containers5,393 5,065 
Technology hardware and software7,250 6,901 
Trailers and vehicles30,964 20,646 
Leasehold improvements15,053 14,986 
Furniture and fixtures2,642 2,643 
Land1,000 1,000 
Total property, plant and equipment, gross5,201,953 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.