6 unchanged sentences
We do not intend to hedge our indirect exposure to fluctuating commodity prices.
−Removed: A one percent decrease in average revenue generating horsepower for the nine months ended September 30, 2021 would result in an annual decrease of approximately $5.9 million in revenue and $4.1 million in Adjusted gross margin.
+Added: A one percent decrease in average revenue generating horsepower for the three months ended March 31, 2022 would result in an annual decrease of approximately $6.0 million and $4.0 million in our revenue and Adjusted gross margin, respectively.
Adjusted gross margin is a non-GAAP financial measure.
1 unchanged sentence
Interest Rate Risk
−Removed: We are exposed to market risk due to variable interest rates under our financing arrangements.
−Removed: As of September 30, 2021, we had $505.7 million of variable-rate indebtedness outstanding at a weighted average interest rate of 2.96%.
−Removed: A one percent increase or decrease in the effective interest rate on our variable-rate outstanding debt as of September 30, 2021 would result in an annual increase or decrease in our interest expense of approximately $5.1 million.
+Added: We are exposed to market risk due to variable interest rates under the Credit Agreement.
+Added: As of March 31, 2022, we had $565.5 million of variable-rate indebtedness outstanding at a weighted-average interest rate of 3.17%.
+Added: A one percent increase or decrease in the effective interest rate on our variable-rate outstanding debt as of March 31, 2022 would result in an annual increase or decrease in our interest expense of approximately $5.7 million.
For further information regarding our exposure to interest rate fluctuations on our debt obligations, see Note 8 to our unaudited condensed consolidated financial statements under Part I, Item 1 “Financial Statements” of this report.
1 unchanged sentence
Our credit exposure generally relates to receivables for services provided.
−Removed: We cannot currently predict the duration or magnitude of the effects of the COVID-19 pandemic and crude oil market volatility on our customers and their ability to pay amounts due.
If any significant customer of ours should have credit or financial problems resulting in a delay or failure to pay the amount it owes us, it could have a material adverse effect on our business, financial condition, results of operations and cash flows.
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.