v3.26.1
RELATED PARTIES (Tables)
3 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
Schedule of Revenues Recorded from Related Parties
The following table summarizes revenues recorded from related parties:
Three Months Ended March 31, 2026
RNG fuelFuel Station ServicesRenewable Power
Environmental Attributes (1)
$16,917 $10,856 $— 
Commodity swaps (2)
— — 872 
Environmental processing (3)
— 2,251 — 
Service agreements (4)
125 — — 
Total$17,042 $13,107 $872 
Three Months Ended March 31, 2025
RNG fuelFuel Station ServicesRenewable Power
Environmental Attributes (1)
$20,101 $14,979 $— 
Commodity swaps (2)
— — 1,166 
Environmental processing (3)
— 1,624 — 
Total$20,101 $16,603 $1,166 
(1) Represents RIN and LCFS sales to NextEra. Includes revenues of $5,674 and $5,017 recognized under the Green Gas Contract, which were recorded within RNG fuel revenues for the three months ended March 31, 2026 and 2025, respectively.
(2) Represents revenue earned under ISDA and REC sales agreements with NextEra.
(3) Represents environmental processing fees earned under agreements with equity method investments, related to the generation and marketing of RINs and LCFS.
(4) Represents management fees earned under an agreement with Fortistar.
The following table summarizes the various fees recorded under the service agreements with related parties which are included in selling, general and administrative within the Company's condensed consolidated statements of operations:
Three Months Ended March 31,
20262025
Staffing and management services$588 $633 
Rent - fixed compensation185 230 
IT services1,224 965 
Total related party fees$1,997 $1,828 
The following table presents the various balances for related parties included in the Company's condensed consolidated balance sheets as of March 31, 2026 and December 31, 2025:
Location in Balance SheetMarch 31, 2026December 31, 2025
Assets:
Trade AR - NextEraAccounts receivable, net of allowance$15,327 $12,626 
OtherAccounts receivable, net of allowance— 692 
Total receivables - related party15,327 13,318 
Liabilities:
Payables to equity method investment entitiesAccounts payable1,606 8,450 
OtherAccounts payable1,440 501 
Total liabilities - related party$3,046 $8,951