v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Total revenues $ 83,399 $ 80,456 $ 156,774 $ 165,863
Operating expenses:        
Project development and startup costs 3,301 3,477 5,116 9,558
Selling, general and administrative 14,274 17,460 29,458 33,427
Depreciation, amortization, and accretion 5,167 5,264 10,780 11,206
Impairment loss 4,142 0 4,142 0
Loss (income) from equity method investments 597 (1,962) 2,354 (1,240)
Total operating expenses 86,410 81,283 164,628 168,632
Operating loss (3,011) (827) (7,854) (2,769)
Interest and financing expense (8,647) (6,637) (15,291) (13,087)
Interest income 2,101 270 2,861 655
Other income, net 672 1,067 97 2,321
Total other expenses (5,874) (5,300) (12,333) (10,111)
Net loss before income tax benefit (8,885) (6,127) (20,187) (12,880)
Income tax benefit 4,738 13,686 10,447 21,723
Net (loss) income (4,147) 7,559 (9,740) 8,843
Net (loss) income attributable to redeemable non-controlling interest (7,136) 3,982 (19,703) 2,808
Net income attributable to non-redeemable non-controlling interest 137 160 219 236
Accretion of the redeemable preferred non-controlling interest to its redemption amount 4,353 2,617 13,887 5,234
Net (loss) income attributable to Class A common stockholders $ (1,501) $ 800 $ (4,143) $ 565
Weighted average shares outstanding of Class A common stock:        
Basic (in shares) 29,641,216 28,265,710 28,966,490 27,995,258
Diluted (in shares) 29,641,216 29,229,245 28,966,490 28,688,505
Per share amounts:        
Basic (in dollars per share) $ (0.05) $ 0.03 $ (0.14) $ 0.02
Diluted (in dollars per share) $ (0.05) $ 0.03 $ (0.14) $ 0.02
RNG fuel        
Revenues:        
Total revenues [1],[2] $ 23,821 $ 25,130 $ 45,459 $ 52,729
Operating expenses:        
Cost of sales 12,282 11,414 25,111 23,567
Fuel Station Services        
Revenues:        
Total revenues [3],[4] 53,064 47,026 97,630 97,704
Operating expenses:        
Cost of sales 40,362 38,731 75,752 78,453
Renewable Power        
Revenues:        
Total revenues [5],[6] 6,514 8,300 13,685 15,430
Operating expenses:        
Cost of sales $ 6,285 $ 6,899 $ 11,915 $ 13,661
[1]
Includes revenues from related parties of $17,167 and $37,979 for the six months ended June 30, 2026 and 2025, respectively.
[2] Includes revenues from related parties of $125 and $17,878 for the three months ended June 30, 2026 and 2025, respectively.
[3]
Includes revenues from related parties of $16,358 and $29,429 for the six months ended June 30, 2026 and 2025, respectively.
[4] Includes revenues from related parties of $3,251 and $12,826 for the three months ended June 30, 2026 and 2025, respectively
[5]
Includes revenues from related parties of $872 and $2,654 for the six months ended June 30, 2026 and 2025, respectively.
[6] Includes revenues from related parties of $0 and $1,488 for the three months ended June 30, 2026 and 2025, respectively.