The location and amounts of interest rate swaps and their fair values in the condensed consolidated balance sheets are:


In	September 30, 2026		December 31, 2025		Location of Fair Value Recognized in Balance Sheet
Derivatives designated as cash flow hedges:
Short term portion of the interest rate swaps	$	2,047	$	128	Prepaid expense and other current assets
Long term portion of the interest rate swaps	2,389		—		Other long-term assets
Long term portion of the interest rate swaps	—		(301)		Other long-term liabilities
	$	4,436	$	(173)

The following table summarizes the effect of commodity swaps on the condensed consolidated statements of operations for the three and nine months ended September 30, 2026 and 2025:


	Location of Gain (Loss) Recognized	Three Months Ended September 30,				Nine Months Ended September 30,
		2026		2025		2026		2025
Derivatives not designated as hedging instruments:
Commodity swaps - realized	Revenues - Renewable Power	$	—	$	8	$	(138)	$	(52)
Commodity swaps - unrealized	Revenues - Renewable Power	—		12		92		—
Commodity swaps - realized	Revenues - RNG Fuel	1,227		1,029		1,483		1,900
Commodity swaps - unrealized	Revenues - RNG Fuel	(116)		313		(82)		920
Total realized and unrealized gain		$	1,111	$	1,362	$	1,355	$	2,768

The following table summarizes the derivative assets and liabilities related to commodity swaps as of September 30, 2026 and December 31, 2025:


	Fair Value
	September 30, 2026		December 31, 2025		Location of Fair value recognized in Balance Sheet
Derivatives not designated as hedging instruments:
Current portion of unrealized gain on commodity swaps	$	2,000	$	1,933	Prepaid expense and other current assets
Current portion of unrealized loss on commodity swaps	—		(92)		Accrued expenses and other current liabilities
Non - current portion of unrealized gain on commodity swaps	—		149		Other long-term assets

Total commodity swaps - unrealized gain	$	2,000	$	1,990

There were no amounts offset in the condensed consolidated balance sheets as of the period-end dates. In addition, there were no collateral balances with counterparties outstanding as of the period-end dates.

During the first quarter of 2026, the Company issued the Warrants with an initial estimated fair value of $2,760. Changes in fair value of $(773) and $(619) were recognized in other (expense) income, net, for the three and nine months ended September 30, 2026, respectively, resulting in an estimated fair value of $2,141 as of September 30, 2026 and included in other long-term liabilities. The key inputs into the Black-Scholes option pricing model for the Warrants were as follows for the relevant periods:


	As of September 30, 2026			As of March 6, 2026
Risk-free interest rate	5.2		%	4.0		%
Expected term (years)	7.3			8.0
Expected volatility	59.1		%	57.7		%
Exercise price	$	2.7		$	2.7
Stock price	$	1.8		$	2.1

There were no transfers of assets between Level 1, Level 2, or Level 3 of the fair value hierarchy as of September 30, 2026 and December 31, 2025.

The Company's assets and liabilities that are measured at fair value on a recurring basis include the following as of September 30, 2026 and December 31, 2025, set forth by level, within the fair value hierarchy:


	Fair values as of September 30, 2026
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	48,609	$	—	$	—	$	48,609
Interest rate swap contracts	—		4,436		—		4,436
Commodity swap contracts	—		2,000		—		2,000
Liabilities:
Warrants	$	—	$	—	$	2,141	$	2,141


	Fair values as of December 31, 2025
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	22,969	$	—	$	—	$	22,969

Commodity swap contracts	$	—	$	2,082	$	—	$	2,082