v3.26.1
Properties, Plant and Equipment, Net (Tables)
9 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Summary of Properties, Plant and Equipment

Properties, plant and equipment, net consisted of the following at the end of each period presented.

 

 

 

Depreciation

 

Estimated useful

 

March 31,

 

 

June 30,

 

Asset category

 

method

 

life (in years)

 

2026

 

 

2025

 

 

 

 

 

 

 

(in thousands)

 

Land

 

N/A

 

 

$

1,533

 

 

$

1,533

 

Small-scale facility — plant

 

Straight-line

 

3.75

 

 

70,300

 

 

 

69,313

 

Injection and recovery wells

 

Straight-line

 

3.75(1)

 

 

6,134

 

 

 

6,134

 

Buildings

 

Straight-line

 

7-15

 

 

1,050

 

 

 

979

 

Vehicles

 

Straight-line

 

3-5

 

 

305

 

 

 

305

 

Other plant and equipment

 

Straight-line

 

5-10

 

 

817

 

 

 

754

 

 

 

 

 

 

 

80,139

 

 

 

79,018

 

Less accumulated depreciation

 

 

 

 

 

 

(40,360

)

 

 

(25,360

)

Properties, plant and equipment, net

 

 

 

 

 

$

39,779

 

 

$

53,658

 

 

(1)
Effective July 1, 2025, the estimated useful life of the injection and recovery wells were revised downward from 5 years to 3.75 years to align with the Company’s revised operational and development plans.