What changed in this filing

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Item 1. Financial Statements

2025-08-06 compared with 2025-05-06 · 113 added, 72 removed, 450 unchanged (29% of the section changed)

38 unchanged sentences

(in thousands, except per unit amounts)

Three Months Ended March 31,

Three Months Ended June 30, Six Months Ended June 30,

2025 2024 2025 2024

Contract operations $ 227,277 $ 223,643 $ 452,252 $ 441,747

1 unchanged sentence

Related party

16,341 5,843 31,506 11,555

Total revenues 250,125 235,313 495,359 464,589

3 unchanged sentences

Selling, general, and administrative 12,896 14,173 31,758 37,000

Loss on disposition of assets 1,325 1,254

Loss (gain) on disposition of assets

39 ( 18 ) 1,364 1,236

Impairment of assets 3,242 311 6,887 311

5 unchanged sentences

Gain on derivative instrument — 3,131 — 11,902

Other 16 26 41 60

Total other expense ( 47,658 ) ( 45,671 ) ( 95,002 ) ( 88,498 )

20 unchanged sentences

Partners’ deficit ending balance, March 31, 2025 ( 180,711 )

Vesting of phantom units 986

Distributions and DERs, $ 0.525 per unit

Issuance of common units under the DRIP 58

Unit-based compensation for equity-classified awards 437

Exercise and conversion of Preferred Units into common units 92,971

Net income attributable to common unitholders’ interests 26,609

Partners’ deficit ending balance, June 30, 2025 $ ( 121,415 )

Partners’ deficit ending balance, December 31, 2023

6 unchanged sentences

Partners’ deficit ending balance, March 31, 2024

$ ( 289,572 )

Distributions and DERs, $ 0.525 per unit

Issuance of common units under the DRIP

Unit-based compensation for equity-classified awards

Exercise and conversion of Preferred Units into common units 262,592

Net income attributable to common unitholders’ interests

Partners’ deficit ending balance, June 30, 2024

See accompanying notes to unaudited condensed consolidated financial statements.

2 unchanged sentences

(in thousands)

Three Months Ended March 31,

Six Months Ended June 30,

Cash flows from operating activities:

14 unchanged sentences

Other assets ( 2,219 ) 1,503

Accounts payable 4,113 94

Accounts payable and related-party payables

Accrued liabilities and deferred revenue 271 35,022

16 unchanged sentences

Other ( 183 ) ( 682 )

Net cash provided by (used in) financing activities ( 36,622 ) 32,653

Net cash used in financing activities

( 138,512 ) ( 15,945 )

Decrease in cash and cash equivalents ( 12 ) ( 2 )

5 unchanged sentences

(in thousands)

Three Months Ended March 31,

Six Months Ended June 30,

Supplemental cash flow information:

Cash paid for interest, net of capitalized amounts $ 90,238 $ 60,860

Cash paid for income taxes 1,500 1,152

Supplemental non-cash transactions:

2 unchanged sentences

Changes in capital expenditures included in accounts payable and accrued liabilities ( 1,078 ) ( 4,189 )

Lease assets obtained in exchange for lease obligations

Changes in financing costs included in accounts payable and accrued liabilities 225 ( 96 )

17 unchanged sentences

In the opinion of our management, financial information presented herein reflects all normal recurring adjustments necessary for the fair presentation of these interim unaudited condensed consolidated financial statements in accordance with GAAP.

Operating results for the three months ended March 31, 2025, are not necessarily indicative of the results that may be expected for the year ending December 31, 2025.

Operating results for the three and six months ended June 30, 2025, are not necessarily indicative of the results that may be expected for the year ending December 31, 2025.

Certain information and footnote disclosures normally included in annual consolidated financial statements prepared in accordance with GAAP have been condensed or omitted in accordance with SEC rules and regulations.

26 unchanged sentences

Capitalized interest is calculated by multiplying our monthly effective interest rate on outstanding variable-rate indebtedness by the amount of qualifying costs, which include upfront payments to acquire certain compression units.

Capitalized interest was $ 39 thousand and $ 35 thousand for the three months ended March 31, 2025 and 2024 , respectively.

Capitalized interest was $ 8 thousand and $ 47 thousand for the three and six months ended June 30, 2025, respectively, and $ 21 thousand and $ 56 thousand for the three and six months ended June 30, 2024, respectively.

Impairment of Long-Lived Assets

5 unchanged sentences

The fair value of the asset is measured using quoted market prices or, in the absence of quoted market prices, based on an estimate of discounted cash flows, the expected net sale proceeds compared to the other similarly configured fleet units that we recently sold or a review of other units recently offered for sale by third parties, or the estimated component value of the equipment we plan to continue using.

Refer to Note 5 for more detailed information about impairment charges during the three months ended March 31, 2025 and 2024.

Refer to Note 5 for more detailed information about impairment charges during the three and six months ended June 30, 2025 and 2024.

Identifiable Intangible Assets

4 unchanged sentences

generally, this occurs with the provision of services or the transfer of goods.

Revenue is measured at the amount of consideration we expect to receive in exchange for providing services or transferring goods.

Revenue is measured at the amount of consideration we expect to receive

in exchange for providing services or transferring goods.

Incidental items, if any, that are immaterial in the context of the contract are recognized as expenses.

1 unchanged sentence

Our unit-based compensation awards include phantom units, restricted units, and cash restricted units.

The fair values of phantom units granted to employees and cash restricted units are estimated at the end of each reporting period and are accounted for as liabilities.

The fair values of phantom and cash restricted units granted to employees are estimated at the end of each reporting period and are accounted for as liabilities.

The fair value of phantom units granted to directors and restricted units are determined at grant date and amortized using the straight-line method over the vesting period.

19 unchanged sentences

Level 3 inputs are unobservable inputs for the asset or liability.

As of March 31, 2025 and December 31, 2024, our financial instruments primarily consisted of cash and cash equivalents, trade accounts receivable, trade accounts payable, and long-term debt.

As of June 30, 2025 and December 31, 2024, our financial instruments primarily consisted of cash and cash equivalents, trade accounts receivable, trade accounts payable, and long-term debt.

The book values of cash and cash equivalents, trade accounts receivable, and trade accounts payable are representative of fair value due to their short-term maturities.

12 unchanged sentences

(3) Trade Accounts Receivable

The allowance for credit losses, which was $ 1.5 million at both March 31, 2025 and December 31, 2024, represents our best estimate of the amount of probable credit losses included within our existing accounts receivable balance.

The allowance for credit losses, which was $ 1.5 million at both June 30, 2025 and December 31, 2024, represents our best estimate of the amount of probable credit losses included within our existing accounts receivable balance.

(4) Inventories

Components of inventories are as follows (in thousands):

Components of inventories consisted of the following (in thousands):

2025 December 31,

20 unchanged sentences

Vehicles and computer equipment

Leasehold improvements 5 years

Depreciation expense on property and equipment and loss on disposition of assets were as follows (in thousands):

Three Months Ended March 31,

Leasehold improvements

Depreciation expense on property and equipment and loss (gain) on disposition of assets were as follows (in thousands):

Three Months Ended June 30, Six Months Ended June 30,

2025 2024 2025 2024

Depreciation expense $ 63,496 $ 57,968 $ 126,544 $ 113,874

Loss on disposition of assets 1,325 1,254

Loss (gain) on disposition of assets 39 ( 18 ) 1,364 1,236

On a quarterly basis, we evaluate the future deployment of our idle fleet assets under current market conditions.

For the three months ended March 31, 2025, we retired 17 compression units representing approximately 10,200 of aggregate horsepower that previously were used to provide compression services in our business.

As a result, we recorded an impairment of compression equipment of $ 3.6 million for the three months ended March 31, 2025.

No impairment of compression equipment was recorded for the three months ended March 31, 2024.

For the three and six months ended June 30, 2025, we retired four and 21 compression units representing approximately 5,900 and 16,100 of aggregate horsepower, respectively, that previously were used to provide compression services in our business.

As a result, we recorded an impairment of compression equipment of $ 3.0 million and $ 6.8 million for the three and six months ended June 30, 2025, respectively.

For the three and six months ended June 30, 2024, we retired two compression units representing approximately 1,300 of aggregate horsepower that previously were used to provide compression services in our business.

As a result, we recorded an impairment of compression equipment of $ 0.3 million for the three and six months ended June 30, 2024.

The primary circumstances supporting these impairments were:

6 unchanged sentences

Amortization expense ( 13,052 ) ( 1,638 ) ( 14,690 )

Net balance as of March 31, 2025 $ 192,008 $ 16,920 $ 208,928

Accumulated amortization of intangible assets was $ 341.7 million and $ 334.4 million as of March 31, 2025 and December 31, 2024, respectively.

Net balance as of June 30, 2025 $ 185,482 $ 16,101 $ 201,583

Accumulated amortization of intangible assets was $ 349.1 million and $ 334.4 million as of June 30, 2025 and December 31, 2024, respectively.

(6) Current Liabilities

3 unchanged sentences

Accrued unit-based compensation liability 12,652 22,766

Accrued capital expenditures 7,365 4,641

Accrued payroll and benefits 12,369 10,656

7 unchanged sentences

The following table summarizes the location and amounts recognized related to our derivative instrument within our unaudited condensed consolidated statements of operations (in thousands):

Three Months Ended March 31,

Three Months Ended June 30, Six Months Ended June 30,

Income Statement Classification 2025 2024 2025 2024

17 unchanged sentences

restricted subsidiaries (subject to customary exceptions).

As of March 31, 2025, we had outstanding borrowings under the Credit Agreement of $ 804.6 million and, after accounting for outstanding letters of credit in the amount of $ 0.8 million, $ 794.6 million of remaining unused availability, of which, due to restrictions related to compliance with the applicable financial covenants, $ 739.8 million was available to be drawn.

Our weighted-average interest rate in effect for all borrowings under the Credit Agreement for the three months ended March 31, 2025, was 6.97 %, and our weighted-average interest rate under the Credit Agreement as of March 31, 2025, was 6.96 %.

As of June 30, 2025, we had outstanding borrowings under the Credit Agreement of $ 770.6 million and, after accounting for outstanding letters of credit in the amount of $ 0.8 million, $ 828.6 million of remaining unused availability, of which, due to restrictions related to compliance with the applicable financial covenants, $ 735.1 million was available to be drawn.

Our weighted-average interest rate in effect for all borrowings under the Credit Agreement for the six months ended June 30, 2025, was 6.98 %, and our weighted-average interest rate under the Credit Agreement as of June 30, 2025, was 6.98 %.

We pay an annualized commitment fee of 0.375 % on the unused portion of the aggregate commitment.

7 unchanged sentences

In addition, the Partnership may increase the applicable ratio by 0.25 for any fiscal quarter during which a Specified Acquisition (as defined in the Credit Agreement) occurs and for the following two fiscal quarters, but in no event shall the maximum ratio exceed 5.50 to 1.00 for any fiscal quarter as a result of such increase.

As of March 31, 2025, we were in compliance with all of our covenants under the Credit Agreement.

As of June 30, 2025, we were in compliance with all of our covenants under the Credit Agreement.

For purposes of the above covenants, EBITDA is calculated as set forth in the Credit Agreement.

6 unchanged sentences

The indenture governing the Senior Notes 2029 (the “2029 Indenture”) contains certain financial covenants that we must comply with in order to make certain restricted payments as described in the 2029 Indenture.

As of March 31, 2025, we were in compliance with such financial covenants under the 2029 Indenture.

As of June 30, 2025, we were in compliance with such financial covenants under the 2029 Indenture.

The Senior Notes 2029 are fully and unconditionally guaranteed (the “2029 Guarantees”), jointly and severally, on a senior unsecured basis by all of our existing subsidiaries (other than Finance Corp), and will be fully and unconditionally guaranteed, jointly and severally, by each of our future restricted subsidiaries that either borrows under, or guarantees, the Credit Agreement or guarantees certain of our other indebtedness (collectively, the “Guarantors”).

6 unchanged sentences

The indenture governing the Senior Notes 2027 (the “2027 Indenture”) contains certain financial covenants that we must comply with in order to make certain restricted payments as described in the 2027 Indenture.

As of March 31, 2025, we were in compliance with such financial covenants under the 2027 Indenture.

As of June 30, 2025, we were in compliance with such financial covenants under the 2027 Indenture.

The Senior Notes 2027 are fully and unconditionally guaranteed (the “2027 Guarantees”), jointly and severally, on a senior unsecured basis by the Guarantors.

10 unchanged sentences

Number of Preferred Units outstanding, December 31, 2024 180,000

Number of Preferred Units outstanding, March 31, 2025 180,000

Exercise and conversion of Preferred Units into common units ( 100,000 )

Number of Preferred Units outstanding, June 30, 2025 80,000

Redemption and Conversion Features

3 unchanged sentences

On or after April 2, 2028, each holder of the Preferred Units will have the right to require us to redeem all or a portion of their Preferred Units, subject to certain minimum redemption threshold amounts, for a redemption price set forth in the Partnership Agreement, which we may elect to pay up to 50 % in common units, subject to certain additional limits.

June 2025 Conversion

On June 3, 2025, the holders of the Preferred Units elected to convert 100,000 Preferred Units into 4,997,126 common units.

These Preferred Units were converted into common units and, for our second-quarter 2025 distribution, the holders will receive the common unit distribution of $ 0.525 on the 4,997,126 common units in lieu of the Preferred Unit distribution of $ 24.375 on the converted 100,000 Preferred Units.

Cash Distributions

7 unchanged sentences

February 7, 2025 $ 24.375

May 9, 2025 24.375

Total 2025 distributions

Announced Quarterly Distribution

On April 17, 2025, we declared a cash distribution of $ 24.375 per unit on our Preferred Units.

The distribution will be paid on May 9, 2025, to the holders of the Preferred Units of record as of the close of business on April 28, 2025.

Changes in the Preferred Units’ balance are as follows (in thousands):

On July 17, 2025, we declared a cash distribution of $ 24.375 per unit on our Preferred Units.

The distribution will be paid on August 8, 2025, to the holders of the Preferred Units of record as of the close of business on July 28, 2025.

The changes in the Preferred Units’ balance were as follows (in thousands):

Preferred Units

1 unchanged sentence

Cash distributions on Preferred Units ( 8,775 )

Exercise and conversion of Preferred Units into common units ( 92,971 )

Net income allocated to Preferred Units 6,338

Balance as of March 31, 2025 $ 168,809

Balance as of June 30, 2025 $ 73,401

(10) Partners’ Deficit

The change in common units outstanding were as follows:

The changes in common units outstanding were as follows:

Common Units Outstanding

2 unchanged sentences

Issuance of common units under the DRIP 4,706

Number of common units outstanding, March 31, 2025 117,540,788

As of March 31, 2025, Energy Transfer held 46,056,228 common units, including 8,000,000 common units held by the General Partner and controlled by Energy Transfer.

Exercise and conversion of Preferred Units into common units 4,997,126

Number of common units outstanding, June 30, 2025 122,581,952

As of June 30, 2025, Energy Transfer held 46,056,228 common units, including 8,000,000 common units held by the General Partner and controlled by Energy Transfer.

Cash Distributions

We have declared and paid per-unit quarterly distributions to our limited partner unitholders of record, including holders of our common and phantom units, as follows (dollars in millions, except distribution per unit):

Payment Date Distribution per Limited Partner Unit Amount Paid to Common Unitholders Amount Paid to Phantom Unitholders Total Distribution

We have declared and paid per-unit quarterly distributions to our limited partner unitholders of record, including holders of our common, phantom, and restricted units, as follows (dollars in millions, except distribution per unit):

Payment Date Distribution per Limited Partner Unit Amount Paid to Common Unitholders Amount Paid to Phantom and Restricted Unitholders

Total Distribution

February 2, 2024 $ 0.525 $ 54.1 $ 1.0 $ 55.1

5 unchanged sentences

February 7, 2025 $ 0.525 $ 61.7 $ 0.7 $ 62.4

May 9, 2025 0.525 61.7 0.6 62.3

Total 2025 distributions

$ 1.050 $ 123.4 $ 1.3 $ 124.7

Announced Quarterly Distribution

On April 17, 2025, we announced a cash distribution of $ 0.525 per unit on our common units.

The distribution will be paid on May 9, 2025, to common unitholders of record as of the close of business on April 28, 2025.

During the three months ended March 31, 2025, distributions of $ 0.1 million were reinvested under the DRIP resulting in the issuance of 2,244 common units.

On July 17, 2025, we announced a cash distribution of $ 0.525 per unit on our common units.

The distribution will be paid on August 8, 2025, to common unitholders of record as of the close of business on July 28, 2025.

During the six months ended June 30, 2025, distributions of $ 0.1 million were reinvested under the DRIP resulting in the issuance of 4,706 common units.

Income Per Unit

4 unchanged sentences

Diluted income per unit is computed using the treasury stock method, which considers the potential issuance of limited partner units associated with our long-term incentive plan.

Unvested phantom and restricted units are not included in basic income per unit, as they are not considered to be participating securities, but are included in the calculation of diluted income per unit to the extent they are dilutive.

For the three months ended March 31, 2025, approximately 741,000 incremental unvested phantom and restricted units represent the difference between our basic and diluted weighted-average common units outstanding.

For the three months ended March 31, 2024, approximately 1,071,000 incremental unvested phantom units represent the difference between our basic and diluted weighted-average common units outstanding.

Unvested phantom and restricted units are not included in basic

income per unit, as they are not considered to be participating securities, but are included in the calculation of diluted income per unit to the extent they are dilutive.

For the three and six months ended June 30, 2025, approximately 500,000 and 621,000 incremental unvested phantom and restricted units, respectively, represent the difference between our basic and diluted weighted-average common units outstanding.

For the three and six months ended June 30, 2024, approximately 1,123,000 and 1,097,000 incremental unvested phantom units, respectively, represent the difference between our basic and diluted weighted-average common units outstanding.

(11) Revenue Recognition

1 unchanged sentence

The following table disaggregates our revenue by type of service (in thousands):

Three Months Ended March 31,

Three Months Ended June 30, Six Months Ended June 30,

2025 2024 2025 2024

Contract operations revenue $ 242,155 $ 229,091 $ 481,822 $ 452,871

2 unchanged sentences

The following table disaggregates our revenue by timing of provision of services or transfer of goods (in thousands):

Three Months Ended March 31,

Three Months Ended June 30, Six Months Ended June 30,

2025 2024 2025 2024

Services provided over time:

7 unchanged sentences

Components of deferred revenue were as follows (in thousands):

Balance sheet location March 31,

Balance sheet location June 30,

2025 December 31,

3 unchanged sentences

________________________________

(1) We recognized $ 60.7 million of revenue during the three months ended March 31, 2025 related to our deferred revenue balance as of December 31, 2024.

(1) We recognized $ 0.9 million and $ 61.6 million of revenue during the three and six months ended June 30, 2025, respectively, related to our deferred revenue balance as of December 31, 2024.

Performance Obligations

As of March 31, 2025, the aggregate amount of transaction price allocated to unsatisfied performance obligations related to our contract operations revenue was $ 1.2 billion.

As of June 30, 2025, the aggregate amount of transaction price allocated to unsatisfied performance obligations related to our contract operations revenue was $ 1.2 billion.

We expect to recognize these remaining performance obligations as follows (in thousands):

2 unchanged sentences

Remaining performance obligations $ 352,646 $ 473,037 $ 241,610 $ 92,795 $ 24,719 $ 1,184,807

(12) Transactions with Related Parties

We provide natural gas compression and treating services to entities affiliated with Energy Transfer, which as of March 31, 2025, owned approximately 39 % of our limited partner interests and 100 % of the General Partner.

Transactions with related parties from those entities affiliated with Energy Transfer on our unaudited condensed consolidated statements of operations were as follows (in thousands):

Three Months Ended March 31,

Related-party revenues $ 15,165 $ 5,712

Additionally, under our partnership agreement, our General Partner does not receive a management fee or other compensation for its role as our general partner.

(12) Related Party Transactions

We provide natural gas compression and treating services to entities affiliated with Energy Transfer, which as of June 30, 2025, owned approximately 38 % of our limited partner interests and 100 % of the General Partner.

Under our partnership agreement, our General Partner does not receive a management fee or other compensation for its role as our general partner.

However, our General Partner is reimbursed for expenses incurred on our behalf.

1 unchanged sentence

There is no cap on the amount that may be paid or reimbursed to our General Partner.

For the three months ended March 31, 2025, we recognized shared service costs of $ 0.3 million within selling, general, and administrative expense and capitalized shared service costs of $ 0.5 million to other assets related to cloud computing arrangement ERP implementation costs.

During the three months ended March 31, 2025, we recognized a $ 0.6 million loss on disposition of assets related to the exchange of compression units with an entity affiliated with Energy Transfer.

Balances on our unaudited condensed consolidated balance sheets with those entities affiliated with Energy Transfer were as follows:

• Related-party receivables of $ 2.1 million and $ 0.6 million as of March 31, 2025 and December 31, 2024, respectively.

• Related-party payables of $ 4.2 million and $ 0.1 million as of March 31, 2025 and December 31, 2024, respectively.

Related party transactions from those entities affiliated with Energy Transfer on our unaudited condensed consolidated statements of operations were as follows (in thousands):

Three Months Ended June 30, Six Months Ended June 30,

2025 2024 2025 2024

Related-party revenues $ 16,341 $ 5,843 $ 31,506 $ 11,555

Expense reimbursement

701 — 1,007 —

Losses on disposition of assets

Balances with related parties from those entities affiliated with Energy Transfer on our unaudited condensed consolidated balance sheets were as follows (in thousands):

2025 December 31,

Related-party receivables

$ 6,752 $ 636

Related-party payables

Additionally, for the three and six months ended June 30, 2025, we recognized capitalized expense reimbursement of $ 0.2 million and $ 0.4 million, respectively, to other assets related to cloud computing arrangement ERP implementation costs.

We have binding commitments under purchase orders for new compression units ordered but not received with an entity affiliated with Energy Transfer.

The commitments as of March 31, 2025 , were $ 44.7 million.

The commitments as of June 30, 2025 , were $ 44.9 million.

(13) Commitments and Contingencies

(a) Major Customers

One customer accounted for approximately 11 % and 13 % of total revenues for the three months ended March 31, 2025 and 2024, respectively.

One customer accounted for approximately 11 % and 12 % of total revenues for the three and six months ended June 30, 2025 and 2024, respectively.

(b) Litigation

9 unchanged sentences

Based on discussions with the IRS, we recognized a charge of $ 1.0 million, which we believe is a reasonable estimate of the potential loss from the aggregate final imputed underpayment for the years 2019 and 2020.

This $ 1.0 million estimated amount was recognized within income tax expense for the three months ended March 31, 2025.

This $ 1.0 million estimated amount was

recognized within income tax expense for the six months ended June 30, 2025.

However, the final partnership imputed underpayment, if any, has not been determined.

Once determined, our General Partner may elect to either pay the imputed underpayment, if any, (including any applicable penalties and interest) directly to the IRS or, if eligible, issue a revised information statement to each unitholder, and former unitholder, with respect to an audited and adjusted return.

Once determined, our General Partner may elect to either pay the imputed underpayment, if any, (including any applicable penalties and interest) directly to the IRS or, if eligible, issue a revised information statement to each unitholder, or former unitholder as applicable, with respect to an audited and adjusted return.

(d) Equipment Purchase Commitments

Our future capital commitments are comprised of binding commitments under purchase orders for new compression units ordered but not received.

The commitments as of March 31, 2025, were $ 44.7 million, all of which is expected to be settled within the next 12 months.

The commitments as of June 30, 2025, were $ 44.9 million, all of which is expected to be settled within the next 12 months.

(e) Environmental

12 unchanged sentences

Our chief operating decision maker (“CODM”) is the Chief Executive Officer.

The CODM assesses segment performance and allocates resources based on consolidated net income, a U.S.

GAAP measure, and Adjusted EBITDA, a non-GAAP measure.

The CODM assesses segment performance and allocates resources based on consolidated net income, a GAAP measure, and Adjusted EBITDA, a non-GAAP measure.

Although we use Adjusted EBITDA to assess segment performance and allocate resources, our primary measure is consolidated net income.

All expense categories on the Consolidated Statements of Operations are significant and there are no other significant segment expenses that would require disclosure.

All expense categories on the unaudited condensed consolidated statements of operations are significant and there are no other significant segment expenses that would require disclosure.

The CODM uses consolidated net income to assess operating performance as compared to historical results, budget and forecast amounts, expected return on capital investment, and our competitors.

The CODM uses this information to allocate future operating and capital expenditures.

The measure of segment assets is reported on the balance sheet as total consolidated assets.

The measure of segment assets is reported on the unaudited condensed consolidated balance sheets as total consolidated assets.

(15) Recent Accounting Pronouncements

11 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.

What changed 10-Q

Item 1. Financial Statements