The following table summarizes the inventory intermediation fees, which are included in Cost of revenues (excluding depreciation) on our condensed consolidated statements of operations, and Interest expense and financing costs, net, related to the intermediation agreements (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Net fees and expenses:
Inventory Intermediation Agreement
Inventory intermediation fees (1)	$	24,554	$	10,877	$	32,845	$	16,477
Interest expense and financing costs, net	332		332		664		664



Renewables Intermediation Agreement
Inventory intermediation fees (1)	1,305		—		1,975		—
Interest expense and financing costs, net	486		—		991		—

(1)Inventory intermediation fees under the Inventory Intermediation Agreement included market structure fees of $19.8 million and $35.2 million for the three and six months ended June 30, 2026, respectively, and $4.7 million and $9.2 million for three and six months ended June 30, 2025. Inventory intermediation fees under the Renewables Intermediation Agreement included immaterial market structure fees for the three and six months ended June 30, 2026. There were no inventory intermediation fees under the Renewables Intermediation Agreement for the three and six months ended June 30, 2025.