v3.26.1
Property, Plant and Equipment, Net
6 Months Ended
Jun. 30, 2026
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net

NOTE 7 – PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment consist of the following as of June 30, 2026 and December 31, 2025:

 

June 30, 2026

 

December 31, 2025

 

Land

$

1,568

 

$

1,568

 

Buildings and improvements

 

39,071

 

 

38,914

 

Machinery and equipment

 

326,315

 

 

321,834

 

Gas mineral rights

 

35,526

 

 

35,526

 

Construction work in progress

 

217,561

 

 

163,277

 

Total

$

620,041

 

$

561,119

 

Less: Accumulated depreciation and amortization

 

(234,417

)

 

(219,724

)

Property, plant & equipment, net

$

385,624

 

$

341,395

 

Depreciation expense for Property, plant and equipment was $7,507 and $6,640 for the three months ended June 30, 2026 and 2025, respectively, and $15,476 and $12,548 for the six months ended June 30, 2026 and 2025, respectively. Depletion expense for gas mineral rights was $91 for both the three months ended June 30, 2026 and 2025, and $182 for both the six months ended June 30, 2026 and 2025.

Construction work in progress consists of RNG and REG capital expenditures on developmental projects and improvements to existing sites. Development projects, on average, last between 18 to 36 months, and when completed for their intended use, costs are placed in service and begin depreciating.