v3.26.1
Goodwill and Identifiable Intangible Assets, net
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Identifiable Intangible Assets, net
8. Goodwill and Identifiable Intangible Assets, net
Goodwill
The Company allocates goodwill across its Compression Infrastructure and Power Infrastructure reporting units.
The carrying amount of goodwill, including changes therein, is shown below:
Compression InfrastructurePower InfrastructureTotal Goodwill
Balance as of December 31, 2025$408,681 $— $408,681 
Acquisition of DPS (1)
— 344,782 344,782 
Balance as of June 30, 2026$408,681 $344,782 $753,463 
(1) The goodwill increase between December 31, 2025 and June 30, 2026 stems from the DPS Acquisition, with the full amount allocated to the Power Infrastructure reporting unit. See Note 3. Acquisitions for more details.
Intangible Assets
The Company’s identifiable intangible assets were as follows:
June 30, 2026December 31, 2025
(in thousands)
Original CostAccumulated
Amortization
Net AmountOriginal CostAccumulated
Amortization
Net Amount
Trade name$19,400 $(7,686)$11,714 $19,400 $(6,721)$12,679 
Customer relationships236,100 (66,405)169,695 191,100 (59,373)131,727 
Internal use software9,840 (1,816)8,024 10,894 (826)10,068 
Total identifiable intangible assets$265,340 $(75,907)$189,433 $221,394 $(66,920)$154,474 
Amortization expense was $5.1 million and $9.0 million for the three and six months ended June 30, 2026, respectively, and is recorded within depreciation and amortization in the condensed consolidated statements of operations. Amortization expense was $3.4 million and $6.7 million for the three and six months ended June 30, 2025, respectively.
As of June 30, 2026 and December 31, 2025, the remaining weighted average amortization period for identifiable intangible assets recognized is 10.4 years and 11.0 years, respectively.
Estimated future amortization expense related to intangible assets as of June 30, 2026 is as follows:
(in thousands)
Amount
Years ending December 31,
Remainder of 2026$10,306 
202720,476 
202820,476 
202919,185 
203017,214 
Thereafter100,360