| Summary of Reconciliation of the Company's Reportable Segments' Net Income (Loss) from Continuing Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
For The Year Ended December 31, 2025 |
|
|
|
RNG |
|
|
REG |
|
|
Total |
|
Operating segment revenue |
|
$ |
155,736 |
|
|
$ |
17,231 |
|
|
$ |
172,967 |
|
|
|
|
|
|
|
|
|
|
|
Corporate and other revenue |
|
|
|
|
|
|
|
|
3,415 |
|
Total consolidated revenue |
|
|
|
|
|
|
|
$ |
176,382 |
|
|
|
|
|
|
|
|
|
|
|
Less (1) |
|
|
|
|
|
|
|
|
|
Payroll and related expenses |
|
|
9,242 |
|
|
|
3,143 |
|
|
|
12,385 |
|
Wellfield operating and maintenance |
|
|
7,220 |
|
|
|
3,035 |
|
|
|
10,255 |
|
Plant expense |
|
|
2,276 |
|
|
|
1,501 |
|
|
|
3,777 |
|
Waste disposal |
|
|
2,415 |
|
|
|
161 |
|
|
|
2,576 |
|
Preventative maintenance |
|
|
15,045 |
|
|
|
3,189 |
|
|
|
18,234 |
|
Breakdown expenses |
|
|
2,069 |
|
|
|
1,368 |
|
|
|
3,437 |
|
Utility expense |
|
|
16,376 |
|
|
|
514 |
|
|
|
16,890 |
|
Royalties, transportation, gathering and production fuel |
|
|
30,986 |
|
|
|
1,959 |
|
|
|
32,945 |
|
Depreciation, depletion and amortization |
|
|
24,377 |
|
|
|
5,332 |
|
|
|
29,709 |
|
Impairment |
|
|
3,107 |
|
|
|
120 |
|
|
|
3,227 |
|
Other operating expenses (2) |
|
|
4,450 |
|
|
|
1,779 |
|
|
|
6,229 |
|
Operating segment expenses |
|
$ |
117,563 |
|
|
$ |
22,101 |
|
|
$ |
139,664 |
|
|
|
|
|
|
|
|
|
|
|
Corporate and other operating expenses (3) |
|
|
|
|
|
|
|
|
35,866 |
|
Total consolidated operating expenses |
|
|
|
|
|
|
|
$ |
175,530 |
|
|
|
|
|
|
|
|
|
|
|
Operating segment income (loss) |
|
$ |
38,173 |
|
|
$ |
(4,870 |
) |
|
$ |
33,303 |
|
|
|
|
|
|
|
|
|
|
|
Corporate and other operating loss |
|
|
|
|
|
|
|
|
(32,451 |
) |
Total consolidated operating income |
|
|
|
|
|
|
|
$ |
852 |
|
|
|
|
|
|
|
|
|
|
|
Operating segment other expenses |
|
$ |
15 |
|
|
$ |
50 |
|
|
$ |
65 |
|
Corporate and other expenses (4) |
|
|
|
|
|
|
|
|
3,274 |
|
Total consolidated other expenses |
|
|
|
|
|
|
|
$ |
3,339 |
|
|
|
|
|
|
|
|
|
|
|
Operating segment income (loss) before income taxes |
|
$ |
38,158 |
|
|
$ |
(4,920 |
) |
|
$ |
33,238 |
|
|
|
|
|
|
|
|
|
|
|
Corporate and other loss before income taxes |
|
|
|
|
|
|
|
|
(35,725 |
) |
Total consolidated loss before income taxes |
|
|
|
|
|
|
|
$ |
(2,487 |
) |
|
|
|
|
|
|
|
|
|
|
Operating segment assets |
|
$ |
201,056 |
|
|
$ |
192,152 |
|
|
$ |
393,208 |
|
Corporate and other assets |
|
|
|
|
|
|
|
|
42,252 |
|
Total consolidated assets |
|
|
|
|
|
|
|
$ |
435,460 |
|
|
|
|
|
|
|
|
|
|
|
Operating segment capital expenditures |
|
$ |
38,693 |
|
|
$ |
77,618 |
|
|
$ |
116,311 |
|
Corporate and other capital expenditures |
|
|
|
|
|
|
|
|
231 |
|
Total consolidated capital expenditures |
|
|
|
|
|
|
|
$ |
116,542 |
|
(1) Significant expenses regularly reviewed by the CODM. (2) The majority of other operating expenses for RNG and REG are consumables, rent, environmental compliance and general and administrative expenses. (3) The majority of operating expenses for Corporate and other are payroll and related expenses of $19,152, insurance of $4,646 and professional and IT fees of $4,843. (4) The majority of other expense (income) for Corporate and other are interest expense of $4,816 and income from equity investment of ($1,485).
|
|
|
|
|
|
|
|
|
|
|
|
|
For The Year Ended December 31, 2024 |
|
|
|
RNG |
|
|
REG |
|
|
Total |
|
Operating segment revenue |
|
$ |
157,983 |
|
|
$ |
17,753 |
|
|
$ |
175,736 |
|
|
|
|
|
|
|
|
|
|
|
Corporate and other revenue |
|
|
|
|
|
|
|
|
- |
|
Total consolidated revenue |
|
|
|
|
|
|
|
$ |
175,736 |
|
|
|
|
|
|
|
|
|
|
|
Less (1) |
|
|
|
|
|
|
|
|
|
Payroll and related expenses |
|
|
8,516 |
|
|
|
2,226 |
|
|
|
10,742 |
|
Wellfield operating and maintenance |
|
|
5,104 |
|
|
|
3,537 |
|
|
|
8,641 |
|
Plant expense |
|
|
2,262 |
|
|
|
1,133 |
|
|
|
3,395 |
|
Waste disposal |
|
|
2,353 |
|
|
|
54 |
|
|
|
2,407 |
|
Preventative maintenance |
|
|
13,677 |
|
|
|
3,607 |
|
|
|
17,284 |
|
Breakdown expenses |
|
|
1,736 |
|
|
|
469 |
|
|
|
2,205 |
|
Utility expense |
|
|
15,571 |
|
|
|
310 |
|
|
|
15,881 |
|
Royalties, transportation, gathering and production fuel |
|
|
29,529 |
|
|
|
1,973 |
|
|
|
31,502 |
|
Depreciation, depletion and amortization |
|
|
18,192 |
|
|
|
5,099 |
|
|
|
23,291 |
|
Impairment |
|
|
843 |
|
|
|
743 |
|
|
|
1,586 |
|
Other operating expenses (2) |
|
|
4,168 |
|
|
|
1,425 |
|
|
|
5,593 |
|
Operating segment expenses |
|
$ |
101,951 |
|
|
$ |
20,576 |
|
|
$ |
122,527 |
|
|
|
|
|
|
|
|
|
|
|
Corporate and other operating expenses (3) |
|
|
|
|
|
|
|
|
37,086 |
|
Total consolidated operating expenses |
|
|
|
|
|
|
|
$ |
159,613 |
|
|
|
|
|
|
|
|
|
|
|
Operating segment income (loss) |
|
$ |
56,032 |
|
|
$ |
(2,823 |
) |
|
$ |
53,209 |
|
|
|
|
|
|
|
|
|
|
|
Corporate and other operating loss |
|
|
|
|
|
|
|
|
(37,086 |
) |
Total consolidated operating income |
|
|
|
|
|
|
|
$ |
16,123 |
|
|
|
|
|
|
|
|
|
|
|
Operating segment other income |
|
$ |
(32 |
) |
|
$ |
(1,010 |
) |
|
$ |
(1,042 |
) |
Corporate and other expenses (4) |
|
|
|
|
|
|
|
|
4,988 |
|
Total consolidated other expenses |
|
|
|
|
|
|
|
$ |
3,946 |
|
|
|
|
|
|
|
|
|
|
|
Operating segment income (loss) before income taxes |
|
$ |
56,064 |
|
|
$ |
(1,813 |
) |
|
$ |
54,251 |
|
|
|
|
|
|
|
|
|
|
|
Corporate and other loss before income taxes |
|
|
|
|
|
|
|
|
(42,074 |
) |
Total consolidated income before income taxes |
|
|
|
|
|
|
|
$ |
12,177 |
|
|
|
|
|
|
|
|
|
|
|
Operating segment assets |
|
$ |
187,438 |
|
|
$ |
107,519 |
|
|
$ |
294,957 |
|
Corporate and other assets |
|
|
|
|
|
|
|
|
54,058 |
|
Total consolidated assets |
|
|
|
|
|
|
|
$ |
349,015 |
|
|
|
|
|
|
|
|
|
|
|
Operating segment capital expenditures |
|
$ |
25,403 |
|
|
$ |
36,280 |
|
|
$ |
61,683 |
|
Corporate and other capital expenditures |
|
|
|
|
|
|
|
|
640 |
|
Total consolidated capital expenditures |
|
|
|
|
|
|
|
$ |
62,323 |
|
(1) Significant expenses regularly reviewed by the CODM. (2) The majority of other operating expenses for RNG and REG are consumables, rent, environmental compliance and general and administrative expenses. (3) The majority of operating expenses for Corporate and other are payroll and related expenses of $23,847, insurance of $5,488 and professional and IT fees of $4,141. (4) The majority of other expense (income) for Corporate and other is interest expense of $5,276.
|
|
|
|
|
|
|
|
|
|
|
|
|
For The Year Ended December 31, 2023 |
|
|
|
RNG |
|
|
REG |
|
|
Total |
|
Operating segment revenue |
|
$ |
156,455 |
|
|
$ |
18,449 |
|
|
$ |
174,904 |
|
|
|
|
|
|
|
|
|
|
|
Corporate and other revenue |
|
|
|
|
|
|
|
|
- |
|
Total consolidated revenue |
|
|
|
|
|
|
|
$ |
174,904 |
|
|
|
|
|
|
|
|
|
|
|
Less (1) |
|
|
|
|
|
|
|
|
|
Payroll and related expenses |
|
|
7,620 |
|
|
|
1,850 |
|
|
|
9,470 |
|
Wellfield operating and maintenance |
|
|
3,659 |
|
|
|
2,080 |
|
|
|
5,739 |
|
Plant expense |
|
|
2,874 |
|
|
|
806 |
|
|
|
3,680 |
|
Waste disposal |
|
|
2,103 |
|
|
|
24 |
|
|
|
2,127 |
|
Preventative maintenance |
|
|
10,202 |
|
|
|
3,822 |
|
|
|
14,024 |
|
Breakdown expenses |
|
|
2,711 |
|
|
|
832 |
|
|
|
3,543 |
|
Utility expense |
|
|
15,168 |
|
|
|
579 |
|
|
|
15,747 |
|
Royalties, transportation, gathering and production fuel |
|
|
32,876 |
|
|
|
1,985 |
|
|
|
34,861 |
|
Depreciation, depletion and amortization |
|
|
15,720 |
|
|
|
5,193 |
|
|
|
20,913 |
|
Impairment |
|
|
777 |
|
|
|
125 |
|
|
|
902 |
|
Other operating expenses (2) |
|
|
3,458 |
|
|
|
1,749 |
|
|
|
5,207 |
|
Operating segment expenses |
|
$ |
97,168 |
|
|
$ |
19,045 |
|
|
$ |
116,213 |
|
|
|
|
|
|
|
|
|
|
|
Corporate and other operating expenses (3) |
|
|
|
|
|
|
|
|
35,051 |
|
Total consolidated operating expenses |
|
|
|
|
|
|
|
$ |
151,264 |
|
|
|
|
|
|
|
|
|
|
|
Operating segment income (loss) |
|
$ |
59,287 |
|
|
$ |
(596 |
) |
|
$ |
58,691 |
|
|
|
|
|
|
|
|
|
|
|
Corporate and other operating loss |
|
|
|
|
|
|
|
|
(35,051 |
) |
Total consolidated operating income |
|
|
|
|
|
|
|
$ |
23,640 |
|
|
|
|
|
|
|
|
|
|
|
Operating segment other expenses (income) |
|
$ |
16 |
|
|
$ |
(24 |
) |
|
$ |
(8 |
) |
Corporate and other expenses (4) |
|
|
|
|
|
|
|
|
5,282 |
|
Total consolidated other expenses |
|
|
|
|
|
|
|
$ |
5,274 |
|
|
|
|
|
|
|
|
|
|
|
Operating segment income (loss) before income taxes |
|
$ |
59,271 |
|
|
$ |
(572 |
) |
|
$ |
58,699 |
|
|
|
|
|
|
|
|
|
|
|
Corporate and other loss before income taxes |
|
|
|
|
|
|
|
|
(40,333 |
) |
Total consolidated income before income taxes |
|
|
|
|
|
|
|
$ |
18,366 |
|
|
|
|
|
|
|
|
|
|
|
Operating segment assets |
|
$ |
176,951 |
|
|
$ |
73,369 |
|
|
$ |
250,320 |
|
Corporate and other assets |
|
|
|
|
|
|
|
|
99,918 |
|
Total consolidated assets |
|
|
|
|
|
|
|
$ |
350,238 |
|
|
|
|
|
|
|
|
|
|
|
Operating segment capital expenditures |
|
$ |
41,325 |
|
|
$ |
21,682 |
|
|
$ |
63,007 |
|
Corporate and other capital expenditures |
|
|
|
|
|
|
|
|
84 |
|
Total consolidated capital expenditures |
|
|
|
|
|
|
|
$ |
63,091 |
|
(1) Significant expenses regularly reviewed by the CODM. (2) The majority of other operating expenses for RNG and REG are consumables, rent, environmental compliance and general and administrative expenses. (3) The majority of operating expenses for Corporate and other are payroll and related expenses of $20,396, insurance of $5,951 and professional and IT fees of $5,399. (4) The majority of other expense (income) for Corporate and other is interest expense of $5,753.
|