4 unchanged sentences
Commodity Price Risk
−Removed: Our material and fuel purchases expose us to commodity price risk.
−Removed: Our material costs primarily include the cost of inventory consumed while performing our pressure pumping services such as proppants, chemicals, guar, trucking and fluid supplies.
+Added: Our materials and fuel purchases expose us to commodity price risk.
+Added: Our material costs primarily include the cost of inventory consumed while performing our completion services such as proppants, perforating guns, chemicals, guar, trucking and fluid supplies.
Our fuel costs consist primarily of diesel and natural gas used by our various trucks and other motorized equipment.
6 unchanged sentences
We do not currently engage in interest rate derivatives to hedge our interest rate risk.
−Removed: The impact of a 1% increase in interest rates on our variable rate debt would have resulted in an increase in interest expense and corresponding (increase)/decrease in pre‑tax (loss)/income of approximately $0, $0.4 million and $1.3 million , for the years ended December 31, 2021, 2020 and 2019, respectively.
+Added: The impact of a 1% increase in interest rates on our variable rate debt would have resulted in an increase in interest expense and corresponding decrease/(increase) in pre‑tax income/(loss) of approximately $0.1 million , $0 and $0.4 million , for the years ended December 31, 2022, 2021 and 2020, respectively.
Financial instruments that potentially subject us to concentrations of credit risk are trade receivables.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.