19 unchanged sentences
We are exposed to interest rate risk, primarily associated with our Wells Fargo Revolving Credit Facility, to fund operations.
−Removed: As of December 31, 2024, the Company did not have any borrowings under the Wells Fargo Revolving Credit Facility and therefore a hypothetical 1.0% increase or decrease in the weighted average interest rate would increase or decrease interest expense by less than $0.1 million per year.
+Added: As of December 31, 2025, the Company had outstanding borrowings of $3.5 million under the Wells Fargo Revolving Credit Facility, with a weighted average rate of 5.9%.
+Added: A hypothetical 1.0% increase or decrease in the weighted average interest rate would increase or decrease interest expense by less than $0.1 million per year.
We do not currently hedge our interest rate exposure.
8 unchanged sentences
The market for our services is indirectly exposed to fluctuations in the prices of oil and natural gas to the extent such fluctuations impact the activity levels of our E&P customers.
−Removed: Any prolonged substantial reduction in oil and natural gas prices would likely affect oil and natural gas production levels and therefore affect demand for our services.
+Added: Any prolonged substantial reduction in oil and natural gas
+Added: prices would likely affect oil and natural gas production levels and therefore affect demand for our services.
We do not currently intend to hedge our indirect exposure to commodity price risk.
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.