Related Party Transactions

9 Months Ended

Sep. 30, 2024

Related Party Transactions

Related Party Transactions

16. Related Party Transactions

ECOTEC

During both the three and nine months ended September 30, 2024, we made purchases of $0.3 million from our unconsolidated affiliate ECOTEC for use in our operations.

Hilcorp

From August 2019 to present, our Board of Directors has included a member affiliated with our customer Hilcorp or its subsidiaries or affiliates. Revenue from Hilcorp was $10.2 million and $8.9 million during the three months ended September 30, 2024 and 2023, respectively, and $30.6 million and $26.7 million during the nine months ended September 30, 2024 and 2023, respectively. Accounts receivable, net due from Hilcorp was $3.6 million and $3.8 million as of September 30, 2024 and December 31, 2023, respectively.