Risk Factors Update Summary
- Unitholders may not receive cash distributions equal to their share of taxable income or tax due.
- Quarterly cash requirements increased from $206 million to $216 million, an increase of $10 million.
- Annual cash requirements decreased from $48 million to $44 million, a decrease of $4 million.
- The rig count decreased from 1,931 to 247, a significant decline of 1,684 rigs.
- The leverage ratio decreased from 4.76x to 1.0x, a substantial improvement in financial leverage.
- Identified intangible assets reduced from $275 million to $245 million, a decrease of $30 million.
- Compression units retired decreased from 42 to 15, a reduction of 27 units.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
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