v3.23.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 203,306 $ 177,151 $ 393,418 $ 345,492
Cost of operations (exclusive of depreciation and amortization shown below):        
Depreciation and amortization 45,430 43,397 90,327 85,802
Selling, general and administrative expenses 13,438 11,740 26,523 21,570
Gain on sale of fixed assets (738)   (721) (7)
Total operating expenses 141,246 125,247 271,003 239,239
Income from operations 62,060 51,904 122,415 106,253
Other income (expenses):        
Interest expense, net (60,964) (36,829) (119,687) (62,469)
Realized gain on derivatives 25,835   25,835  
Unrealized (loss) gain on derivatives (3,595) (3,386) (21,529) 32,822
Other income (expense) 32 (7) 1 9
Total other expenses (38,692) (40,222) (115,380) (29,638)
Income before income taxes 23,368 11,682 7,035 76,615
Income tax expense 5,851 2,781 1,861 18,159
Net income $ 17,517 $ 8,901 $ 5,174 $ 58,456
Earnings per share:        
Earnings per share, basic $ 0.3 $ 0.15 $ 0.09 $ 0.99
Earnings per share, diluted $ 0.3 $ 0.15 $ 0.09 $ 0.99
Weighted-average shares outstanding, basic 59,000,000 59,000,000 59,000,000 59,000,000
Weighted-average shares outstanding, diluted 59,000,000 59,000,000 59,000,000 59,000,000
Compression Operations [Member]        
Revenues:        
Total revenues $ 181,619 $ 162,808 $ 359,316 $ 320,303
Cost of operations (exclusive of depreciation and amortization shown below):        
Cost of operations 65,017 58,336 127,787 111,273
Other Services [Member]        
Revenues:        
Total revenues 21,687 14,343 34,102 25,189
Cost of operations (exclusive of depreciation and amortization shown below):        
Cost of operations $ 18,099 $ 11,774 $ 27,087 $ 20,601

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