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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Total revenues $ 83,357 $ 84,047 $ 249,220 $ 219,949
Operating expenses:        
Project development and startup costs 2,543 6,803 12,101 10,523
Selling, general, and administrative 14,376 12,692 47,803 39,552
Depreciation, amortization, and accretion 5,566 4,697 16,772 12,677
Income from equity method investments (637) (3,822) (1,877) (11,828)
Total operating expenses 79,769 71,738 248,401 198,381
Operating income 3,588 12,309 819 21,568
Other (expense) income:        
Interest and financing expense, net (6,898) (5,026) (19,330) (13,976)
Change in fair value of derivative instruments, net 0 278 281 1,457
Other income 129 640 2,169 1,737
Total other expenses (6,769) (4,108) (16,880) (10,782)
(Loss) income before income tax benefit (3,181) 8,201 (16,061) 10,786
Income tax benefit 14,567 8,906 36,290 8,906
Net income 11,386 17,107 20,229 19,692
Net income attributable to redeemable non-controlling interests 7,226 11,998 10,034 9,618
Net income attributable to non-redeemable non-controlling interests 93 130 329 328
Dividends on redeemable preferred non-controlling interests 2,617 2,617 7,851 7,853
Net income attributable to Class A common stockholders $ 1,450 $ 2,362 $ 2,015 $ 1,893
Weighted average shares outstanding of Class A common stock:        
Basic (in shares) 28,279,527 27,709,203 28,090,014 27,585,620
Diluted (in shares) 29,592,822 27,743,417 29,013,705 27,644,164
Per share amounts:        
Basic (in dollars per share) $ 0.05 $ 0.09 $ 0.07 $ 0.07
Diluted (in dollars per share) $ 0.05 $ 0.09 $ 0.07 $ 0.07
RNG fuel        
Revenues:        
Total revenues $ 22,921 $ 25,864 $ 75,650 $ 63,036
Operating expenses:        
Cost of sales 11,774 9,985 35,341 26,644
Fuel Station Services        
Revenues:        
Total revenues 51,722 45,395 149,426 121,794
Operating expenses:        
Cost of sales 40,230 33,609 118,683 94,882
Renewable Power Segment        
Revenues:        
Total revenues 8,714 12,788 24,144 35,119
Operating expenses:        
Cost of sales $ 5,917 $ 7,774 $ 19,578 $ 25,931