Investments

12 Months Ended

Dec. 31, 2024

Investments in and Advances to Affiliates [Abstract]

Investments

INVESTMENTS

Our investments as of December 31, 2024 and 2023, consist of the following:

	December 31,
	2024		2023
	(In Thousands)
Investment in Kodiak(1)	$	18,393	$	8,538
Investment in Standard Lithium	1,168		1,616
Other investments	8,598		7,200
Total investments	$	28,159	$	17,354

(1)        Kodiak acquired CSI Compressco on April 1, 2024.

We retained an interest in our former subsidiary, CSI Compressco LP (“CSI Compressco’), which was acquired by Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak”) on April 1, 2024, and we received shares of Kodiak in exchange for our common units in CSI Compressco in connection with such acquisition. We sold our Kodiak shares in January 2025. See Note 18 - “Subsequent Event” for further information.

In addition, we are party to agreements whereby Standard Lithium has the right to explore for, and an option to acquire the rights to produce and extract, lithium in our Arkansas leases and other additional potential resources in the Mojave region of California. The Company receives stock of Standard Lithium under the terms of the arrangements.

We also hold investments in convertible notes, common units and preferred units issued by two privately-held companies. These convertible notes, common units and preferred units are not publicly traded and may not be offered, sold, transferred or pledged until such common units are registered pursuant to an effective registration statement or pursuant to an exemption from registration. Our exposure to potential losses is limited to our investments, including capitalized and accrued interest associated with the convertible notes.

See Note 14 - “Fair Value Measurements” for further information.