v3.26.1
Derivative Financial Instruments and Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Effect of Derivative Instruments on Statement of Operations
The following table summarizes the effect of commodity swaps on the consolidated statements of operations for the years ended December 31, 2025 and 2024:
Year Ended December 31,
Derivatives not designated as hedging instruments:
Location of gain (loss) recognized20252024
Commodity swaps - realized (loss) gainRevenues - Renewable Power$(79)$761 
Commodity swaps - unrealized (loss) gainRevenues - Renewable Power(20)(704)
Commodity swaps - realized gainRevenues - RNG Fuel2,444 — 
Commodity swaps - unrealized gainRevenues - RNG Fuel2,082 — 
Total realized and unrealized gain$4,427 $57 
Derivatives Fair Values on Balance Sheet
The following table summarizes the derivative assets and liabilities related to commodity swaps as of December 31, 2025 and 2024:
Fair Value
December 31, 2025December 31, 2024Location of Fair value recognized in Balance Sheet
Derivatives not designated as hedging instruments:
Current portion of unrealized gain commodity swaps$1,933 $— Prepaid expense and other current assets
Current portion of unrealized loss commodity swaps(92)(9)Accrued expenses and other current liabilities
Non - current portion of unrealized gain commodity swaps149 — Other long-term assets
Non - current portion of unrealized loss commodity swaps— (63)Other long-term liabilities
Total commodity swaps - unrealized gain (loss)$1,990 $(72)
Assets and Liabilities Measured at Fair Value on Recurring Basis
The Company's assets and liabilities that are measured at fair value on a recurring basis include the following as of December 31, 2025 and 2024, set forth by level, within the fair value hierarchy:
Fair value as of December 31, 2025
Level 1Level 2Level 3Total
Assets:
Money market funds$22,969 $— $— $22,969 
Commodity swap contracts$— $2,082 $— $2,082 
Fair value as of December 31, 2024
Level 1Level 2Level 3Total
Assets:
Money market funds$19,786 $— $— $19,786 
Convertible note receivable
— — 760 760 
Liabilities:
Commodity swap contracts$— $72$— $72