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 during the nine months ended September 30, 2025 would result in an annual decrease of approximately $9.1 million and $6.1 million in our revenue and Adjusted gross margin, respectively.
+Added: A one percent decrease in average revenue-generating horsepower during the three months ended March 31, 2026 would result in an annual decrease of approximately $12.1 million and $7.8 million in our revenue and Adjusted gross margin, respectively.
Adjusted gross margin is a non-GAAP financial measure.
2 unchanged sentences
We are exposed to market risk due to variable interest rates under the Credit Agreement.
−Removed: As of September 30, 2025, we had $54.7 million of variable-rate indebtedness outstanding at a weighted-average interest rate of 7.35%.
−Removed: Based on our September 30, 2025 variable-rate indebtedness outstanding, a one percent increase or decrease, respectively, in the effective interest rate would result in an annual increase or decrease, respectively, in our interest expense of approximately $0.5 million.
−Removed: Assuming the Redemption took place on September 30, 2025, we would have had $811.0 million of variable-rate indebtedness outstanding as of such date.
−Removed: Based on this amount of variable-rate indebtedness outstanding and the September 30, 2025 weighted-average interest rate of 7.35%, a one percent increase or decrease, respectively, in the effective interest rate would result in an annual increase or decrease, respectively, in our interest expense of approximately $8.1 million.
+Added: As of March 31, 2026, we had $1.25 billion of variable-rate indebtedness outstanding at a weighted-average interest rate of 5.66%.
+Added: Based on our March 31, 2026 variable-rate indebtedness outstanding, a one percent increase or decrease, respectively, in the effective interest rate would result in an annual increase or decrease, respectively, in our interest expense of approximately $12.5 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.
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.