v3.24.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Total revenues $ 850,381 $ 707,913 $ 606,375
Cost of operations (exclusive of depreciation and amortization shown below):      
Depreciation and amortization 182,869 174,463 160,045
Selling, general and administrative 73,308 44,882 37,665
Long-lived asset impairment 0 0 9,107
(Gain) loss on sale of property, plant and equipment (777) (874) 426
Total operating expenses 606,271 485,822 417,420
Income from operations 244,110 222,091 188,955
Other income (expenses):      
Interest expense (222,514) (165,867) (84,640)
Loss on extinguishment of debt (6,757) 0 0
Gain on derivatives 20,266 83,116 18,174
Other income (expense) 31 17 (99)
Total other expenses (208,974) (82,734) (66,565)
Income before income taxes 35,136 139,357 122,390
Income tax expense (benefit) 15,070 33,092 (58,573)
Net income $ 20,066 $ 106,265 $ 180,963
Earnings per share:      
Basic earnings per share (in dollars per share) $ 0.29 $ 1.80 $ 3.07
Diluted earnings per share (in dollars per share) $ 0.29 $ 1.80 $ 3.07
Basic weighted average shares of common stock outstanding (in shares) 68,058,630 59,000,000 59,000,000
Diluted weighted average shares of common stock outstanding (in shares) 68,327,018 59,000,000 59,000,000
Compression Operations      
Revenues:      
Total revenues $ 735,605 $ 654,957 $ 583,070
Cost of operations (exclusive of depreciation and amortization shown below):      
Cost of operations 257,092 225,715 192,813
Other Services      
Revenues:      
Total revenues 114,776 52,956 23,305
Cost of operations (exclusive of depreciation and amortization shown below):      
Cost of operations $ 93,779 $ 41,636 $ 17,364

Source