Estimated

         
  

Useful Life

  

December 31,

 
  

(years)

  

2025

  

2024

 
            

Liquefaction plants and systems

 10 - 15  $57,341  $56,752 

Real property and buildings

 3 - 25   2,082   2,082 

Vehicles and tanker trailers and equipment

 2 - 10   50,316   49,754 

Computer and office equipment

 2 - 7   897   545 

Construction in progress

    14,946   8,082 

Leasehold improvements

    31   31 

Total

     125,613   117,246 

Less: accumulated depreciation

     (72,666)  (65,518)

Net

    $52,947  $51,728 

Historical Timeline

Fiscal YearFiled
2025Mar 5, 2026Showing above
2024Feb 25, 2025
2023Mar 7, 2024
2022Mar 9, 2023
2021Mar 10, 2022
2020Mar 16, 2021
2019Mar 16, 2020
2018Apr 16, 2019
2017Mar 29, 2018
2016Mar 28, 2017
2015Mar 30, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.