| Schedule of Error Corrections and Prior Period Adjustments |
The effects of the change on condensed consolidated statements of operations are as follows: | | | | | | | | | | | | | (In thousands of U.S. dollars, except per share data) | Three Months Ended March 31, 2025 | | Condensed Consolidated Statement of Operations | As Previously Reported | Effect of Change | As Adjusted | | Selling, general and administrative ⁽¹⁾ | $ | 15,967 | | $ | (399) | | $ | 15,568 | | | | | | | Loss from equity method investments | 722 | | (202) | | 520 | | | Total operating expenses | 87,349 | | (601) | | 86,748 | | | Operating loss | (1,942) | | 601 | | (1,341) | | | Loss before income taxes | (6,753) | | 601 | | (6,152) | | | Income tax benefit | 8,037 | | (8,037) | | — | | | Net income (loss) | $ | 1,284 | | $ | (7,436) | | $ | (6,152) | | | Net loss attributable to redeemable non-controlling interests | $ | (1,174) | | $ | (6,193) | | $ | (7,367) | | | Net loss attributable to Class A common stockholders | (235) | | (1,243) | | (1,478) | | | Comprehensive income (loss) | 719 | | (7,436) | | (6,717) | | | Net income (loss) per share of Class A common stock: | | | | | Basic | $ | (0.01) | | $ | (0.04) | | $ | (0.05) | | | Diluted | $ | (0.01) | | $ | (0.04) | | $ | (0.05) | |
| | | | | | | | | | | | | (In thousands of U.S. dollars, except per share data) | Three Months Ended June 30, 2025 | | Condensed Consolidated Statement of Operations | As Previously Reported | Effect of Change | As Adjusted | | Selling, general and administrative ⁽¹⁾ | $ | 17,460 | | $ | (28) | | $ | 17,432 | | | Depreciation, amortization, and accretion | 5,264 | | (171) | | 5,093 | | | Income from equity method investments | (1,962) | | (202) | | (2,164) | | | Total operating expenses | 81,283 | | (401) | | 80,882 | | | Operating loss | (827) | | 401 | | (426) | | | Loss before income taxes | (6,127) | | 401 | | (5,726) | | | Income tax benefit | 13,686 | | (13,686) | | — | | | Net income (loss) | $ | 7,559 | | $ | (13,285) | | $ | (5,726) | | | Net income (loss) attributable to redeemable non-controlling interests | $ | 3,982 | | $ | (11,063) | | $ | (7,081) | | | Net income (loss) attributable to Class A common stockholders | 800 | | (2,222) | | (1,422) | | | Comprehensive income (loss) | 7,223 | | (13,285) | | (6,062) | | | Net income (loss) per share of Class A common stock: | | | | | Basic | $ | 0.03 | | $ | (0.08) | | $ | (0.05) | | | Diluted | $ | 0.03 | | $ | (0.08) | | $ | (0.05) | |
| | | | | | | | | | | | | (In thousands of U.S. dollars, except per share data) | Six Months Ended June 30, 2025 | | Condensed Consolidated Statement of Operations | As Previously Reported | Effect of Change | As Adjusted | | Selling, general and administrative ⁽¹⁾ | $ | 33,427 | | $ | (427) | | $ | 33,000 | | | Depreciation, amortization, and accretion | 11,206 | | (171) | | 11,035 | | | Income from equity method investments | (1,240) | | (404) | | (1,644) | | | Total operating expenses | 168,632 | | (1,002) | | 167,630 | | | Operating loss | (2,769) | | 1,002 | | (1,767) | | | Loss before income taxes | (12,880) | | 1,002 | | (11,878) | | | Income tax benefit | 21,723 | | (21,723) | | — | | | Net income (loss) | $ | 8,843 | | $ | (20,721) | | $ | (11,878) | | | Net income (loss) attributable to redeemable non-controlling interests | $ | 2,808 | | $ | (17,256) | | $ | (14,448) | | | Net income (loss) attributable to Class A common stockholders | 565 | | (3,464) | | (2,899) | | | Comprehensive income (loss) | 7,942 | | (20,721) | | (12,779) | | | Net income (loss) per share of Class A common stock: | | | | | Basic | $ | 0.02 | | $ | (0.12) | | $ | (0.10) | | | Diluted | $ | 0.02 | | $ | (0.12) | | $ | (0.10) | |
| | | | | | | | | | | | | (In thousands of U.S. dollars, except per share data) | Three Months Ended September 30, 2025 | | Condensed Consolidated Statement of Operations | As Previously Reported | Effect of Change | As Adjusted | | Selling, general and administrative ⁽¹⁾ | $ | 14,376 | | $ | (725) | | $ | 13,651 | | | Depreciation, amortization, and accretion | 5,566 | | (343) | | 5,223 | | | Income from equity method investments | (637) | | (202) | | (839) | | | Total operating expenses | 79,769 | | (1,268) | | 78,501 | | | Operating income | 3,588 | | 1,268 | | 4,856 | | | Loss before income taxes | (3,181) | | 1,268 | | (1,913) | | | Income tax benefit (provision) | 14,567 | | (14,567) | | — | | | Net income (loss) | $ | 11,386 | | $ | (13,299) | | $ | (1,913) | | | Net income (loss) attributable to redeemable non-controlling interests | $ | 7,226 | | $ | (11,073) | | $ | (3,847) | | | Net income (loss) attributable to Class A common stockholders | 1,450 | | (2,226) | | (776) | | | Comprehensive income (loss) | 11,306 | | (13,302) | | (1,996) | | | Net income (loss) per share of Class A common stock: | | | | | Basic | $ | 0.05 | | $ | (0.08) | | $ | (0.03) | | | Diluted | $ | 0.05 | | $ | (0.08) | | $ | (0.03) | |
| | | | | | | | | | | | | (In thousands of U.S. dollars, except per share data) | Nine Months Ended September 30, 2025 | | Condensed Consolidated Statement of Operations | As Previously Reported | Effect of Change | As Adjusted | | Selling, general and administrative ⁽¹⁾ | $ | 47,803 | | $ | (1,153) | | $ | 46,650 | | | Depreciation, amortization, and accretion | 16,772 | | (514) | | 16,258 | | | Income from equity method investments | (1,877) | | (606) | | (2,483) | | | Total operating expenses | 248,401 | | (2,272) | | 246,129 | | | Operating income (loss) | 819 | | 2,272 | | 3,091 | | | Loss before income taxes | (16,061) | | 2,272 | | (13,789) | | | Income tax benefit (provision) | 36,290 | | (36,290) | | — | | | Net income (loss) | $ | 20,229 | | $ | (34,018) | | $ | (13,789) | | | Net income (loss) attributable to redeemable non-controlling interests | $ | 10,034 | | $ | (28,329) | | $ | (18,295) | | | Net income (loss) attributable to Class A common stockholders | 2,015 | | (5,689) | | (3,674) | | | Comprehensive income (loss) | 19,245 | | (34,018) | | (14,773) | | | Net income (loss) per share of Class A common stock: | | | | | Basic | $ | 0.07 | | $ | (0.20) | | $ | (0.13) | | | Diluted | $ | 0.07 | | $ | (0.20) | | $ | (0.13) | |
| | | | | | | | | | | | | (In thousands of U.S. dollars, except per share data) | Three Months Ended March 31, 2026 | | Condensed Consolidated Statement of Operations | As Previously Reported | Effect of Change | As Adjusted | Cost of sales – RNG fuel ⁽¹⁾ | $ | 12,829 | | $ | (5,709) | | $ | 7,120 | | | Selling, general and administrative ⁽¹⁾ | 15,184 | | (148) | | 15,036 | | | Depreciation, amortization, and accretion | 5,613 | | (344) | | 5,269 | | | Loss from equity method investments | 1,757 | | (319) | | 1,438 | | | Total operating expenses | 78,218 | | (6,520) | | 71,698 | | | Operating (loss) income | (4,843) | | 6,520 | | 1,677 | | | Loss before income taxes | (11,302) | | 6,520 | | (4,782) | | | Income tax benefit (provision) | 5,709 | | (5,709) | | — | | | Net loss | $ | (5,593) | | $ | 811 | | $ | (4,782) | | | Net loss attributable to redeemable non-controlling interests | $ | (12,567) | | $ | 670 | | $ | (11,897) | | | Net loss attributable to Class A common stockholders | (2,642) | | 141 | | (2,501) | | | Comprehensive loss | (4,378) | | 811 | | (3,567) | | | | | | | | | | | | | |
| | | | | | | | | | | | | (In thousands of U.S. dollars, except per share data) | Three Months Ended June 30, 2026 | | Condensed Consolidated Statement of Operations | As Previously Reported | Effect of Change | As Adjusted | Cost of sales – RNG fuel ⁽¹⁾ | $ | 12,282 | | $ | (4,921) | | $ | 7,361 | | | | | | | Depreciation, amortization, and accretion | 5,167 | | (344) | | 4,823 | | | Loss from equity method investments | 597 | | (319) | | 278 | | | Total operating expenses | 86,410 | | (5,584) | | 80,826 | | | Operating (loss) income | (3,011) | | 5,584 | | 2,573 | | | Loss before income taxes | (8,885) | | 5,584 | | (3,301) | | | Income tax benefit (provision) | 4,738 | | (4,921) | | (183) | | | Net loss | $ | (4,147) | | $ | 663 | | $ | (3,484) | | | Net loss attributable to redeemable non-controlling interests | $ | (7,136) | | $ | 548 | | $ | (6,588) | | | Net loss attributable to Class A common stockholders | (1,501) | | 115 | | (1,386) | | | Comprehensive loss | (2,820) | | 663 | | (2,157) | | | | | | | | | | | | | |
| | | | | | | | | | | | | (In thousands of U.S. dollars, except per share data) | Six Months Ended June 30, 2026 | | Condensed Consolidated Statement of Operations | As Previously Reported | Effect of Change | As Adjusted | Cost of sales – RNG fuel ⁽¹⁾ | $ | 25,111 | | $ | (10,630) | | $ | 14,481 | | | Selling, general and administrative ⁽¹⁾ | 29,458 | | (148) | | 29,310 | | | Depreciation, amortization, and accretion | 10,780 | | (687) | | 10,093 | | | Loss from equity method investments | 2,354 | | (638) | | 1,716 | | | Total operating expenses | 164,628 | | (12,104) | | 152,524 | | | Operating (loss) income | (7,854) | | 12,104 | | 4,250 | | | Loss before income taxes | (20,187) | | 12,104 | | (8,083) | | | Income tax benefit (provision) | 10,447 | | (10,630) | | (183) | | | Net loss | $ | (9,740) | | $ | 1,474 | | $ | (8,266) | | | Net loss attributable to redeemable non-controlling interests | $ | (19,703) | | $ | 1,218 | | $ | (18,485) | | | Net loss attributable to Class A common stockholders | (4,143) | | 256 | | (3,887) | | | Comprehensive loss | (7,198) | | 1,474 | | (5,724) | | | Net loss per share of Class A common stock: | | | | | Basic | $ | (0.14) | | $ | 0.01 | | $ | (0.13) | | | Diluted | $ | (0.14) | | $ | 0.01 | | $ | (0.13) | |
| | | | | | | | | | | | | (In thousands of U.S. dollars, except per share data) | Three Months Ended September 30, 2026 | | Condensed Consolidated Statement of Operations | Under Prior Method ⁽ᵃ⁾ | Effect of Change | As Reported | Cost of sales – RNG fuel ⁽¹⁾ | $ | 16,420 | | $ | (7,282) | | $ | 9,138 | | | | | | | Depreciation, amortization, and accretion | 5,384 | | (344) | | 5,040 | | | Income from equity method investments | (974) | | (319) | | (1,293) | | | Total operating expenses | 78,605 | | (7,945) | | 70,660 | | | Operating income | 886 | | 7,945 | | 8,831 | | | (Loss) income before income taxes | (6,285) | | 7,945 | | 1,660 | | | Income tax benefit | 7,282 | | (7,282) | | — | | | Net income | $ | 997 | | $ | 663 | | $ | 1,660 | | | Net loss attributable to redeemable non-controlling interests | $ | (5,085) | | $ | 584 | | $ | (4,501) | | | Net loss attributable to Class A common stockholders | (1,021) | | 79 | | (942) | | | Comprehensive loss | 3,270 | | 663 | | 3,933 | | | | | | | | | | | | | |
| | | | | | | | | | | | | (In thousands of U.S. dollars, except per share data) | Nine Months Ended September 30, 2026 | | Condensed Consolidated Statement of Operations | Under Prior Method ⁽ᵃ⁾ | Effect of Change | As Reported | Cost of sales – RNG fuel ⁽¹⁾ | $ | 45,408 | | $ | (17,912) | | $ | 27,496 | | | Selling, general and administrative ⁽¹⁾ | 36,672 | | (148) | | 36,524 | | | Depreciation, amortization, and accretion | 16,164 | | (1,031) | | 15,133 | | | Loss from equity method investments | 1,380 | | (957) | | 423 | | | Total operating expenses | 243,232 | | (20,048) | | 223,184 | | | Operating (loss) income | (6,967) | | 20,048 | | 13,081 | | | Loss before income taxes | (26,471) | | 20,048 | | (6,423) | | | Income tax benefit (provision) | 17,729 | | (17,912) | | (183) | | | Net loss | $ | (8,742) | | $ | 2,136 | | $ | (6,606) | | | Net loss attributable to redeemable non-controlling interests | $ | (24,943) | | $ | 1,959 | | $ | (22,984) | | | Net loss attributable to Class A common stockholders | (5,009) | | 177 | | (4,832) | | | Comprehensive loss | (3,927) | | 2,136 | | (1,791) | | | Net loss per share of Class A common stock: | | | | | Basic | $ | (0.18) | | $ | 0.01 | | $ | (0.17) | | | Diluted | $ | (0.18) | | $ | 0.01 | | $ | (0.17) | |
The effects of the change on condensed consolidated balance sheets are as follows: | | | | | | | | | | | | | (In thousands of U.S. dollars) | As of December 31, 2025 | | Condensed Consolidated Balance Sheet | As Previously Reported | Effect of Change | As Adjusted | | Government grants receivable | $ | — | | $ | 16,456 | | $ | 16,456 | | | Total current assets | 122,682 | | 16,456 | | 139,138 | | | Property, plant, and equipment, net | 495,634 | | (26,641) | | 468,993 | | | Investments in other entities | 231,223 | | (24,500) | | 206,723 | | | Other long-term assets | 44,398 | | (16,456) | | 27,942 | | | Total assets | 959,469 | | (51,141) | | 908,328 | | | Accrued expenses and other current liabilities | 63,857 | | 148 | | 64,005 | | | Total liabilities | 461,712 | | 148 | | 461,860 | | | Accumulated deficit | (1,307) | | (51,289) | | (52,596) | | | Total stockholders' deficit attributable to the Company | (12,930) | | (51,289) | | (64,219) | | | Total stockholders' deficit | (10,141) | | (51,289) | | (61,430) | | | Total liabilities, redeemable preferred non-controlling interests, redeemable non-controlling interests and stockholders' equity (deficit) | $ | 959,469 | | $ | (51,141) | | $ | 908,328 | |
| | | | | | | | | | | | | (In thousands of U.S. dollars) | As of September 30, 2026 | | Condensed Consolidated Balance Sheet | Under Prior Method ⁽ᵃ⁾ | Effect of Change | As Reported | | Government grants receivable | $ | — | | $ | 17,308 | | $ | 17,308 | | | Total current assets | 167,242 | | 17,308 | | 184,550 | | | Property, plant, and equipment, net | 545,979 | | (25,610) | | 520,369 | | | Investments in other entities | 236,943 | | (23,543) | | 213,400 | | | Other long-term assets | 53,576 | | (17,308) | | 36,268 | | | Total assets | 1,073,767 | | (49,153) | | 1,024,614 | | | | | | | | | | | Accumulated deficit | 98,610 | | (49,153) | | 49,457 | | | Total stockholders' deficit attributable to the Company | 87,822 | | (49,153) | | 38,669 | | | Total stockholders' deficit | 102,102 | | (49,153) | | 52,949 | | | Total liabilities, redeemable preferred non-controlling interests, redeemable non-controlling interests and stockholders' equity (deficit) | $ | 1,073,767 | | $ | (49,153) | | $ | 1,024,614 | |
The effects of the change on condensed consolidated statements of cash flows are as follows:
| | | | | | | | | | | | | (In thousands of U.S. dollars) | Three Months Ended March 31, 2025 | | Condensed Consolidated Statement of Cash Flows | As Previously Reported | Effect of Change | As Adjusted | | Net income (loss) | $ | 1,284 | | $ | (7,436) | | $ | (6,152) | | | Loss from equity method investments | 722 | | (202) | | 520 | | | Net cash provided by operating activities | 29,679 | | (7,638) | | 22,041 | | | Proceeds from transfer of investment tax credits, net of transaction costs | — | | 7,638 | | 7,638 | | | Net cash used in investing activities | (9,277) | | 7,638 | | (1,639) | | | | | |
| | | | | | | | | | | | | (In thousands of U.S. dollars) | Three Months Ended March 31, 2026 | | Condensed Consolidated Statement of Cash Flows | As Previously Reported | Effect of Change | As Adjusted | | Net income (loss) | $ | (5,593) | | $ | 811 | | $ | (4,782) | | | Depreciation, amortization, and accretion | 5,613 | | (344) | | 5,269 | | | Loss from equity method investments | 1,757 | | (319) | | 1,438 | | | Deferred income taxes | (5,709) | | 5,709 | | — | | | Prepaid expenses and other current and long-term assets ⁽ᵇ⁾ | 8,799 | | (15,238) | | (6,439) | | | Net cash provided by operating activities | 12,916 | | (9,381) | | 3,535 | | | Proceeds from transfer of investment tax credits, net of transaction costs | — | | 9,381 | | 9,381 | | | Net cash used in investing activities | (19,384) | | 9,381 | | (10,003) | | | | | |
| | | | | | | | | | | | | (In thousands of U.S. dollars) | Six Months Ended June 30, 2025 | | Condensed Consolidated Statement of Cash Flows | As Previously Reported | Effect of Change | As Adjusted | | Net income (loss) | $ | 8,843 | | $ | (20,721) | | $ | (11,878) | | | Depreciation, amortization, and accretion | 11,206 | | (171) | | 11,035 | | | Income from equity method investments | (1,240) | | (404) | | (1,644) | | | Net cash provided by operating activities | 21,805 | | (21,296) | | 509 | | | Proceeds from transfer of investment tax credits, net of transaction costs | — | | 21,296 | | 21,296 | | | Net cash used in investing activities | (36,026) | | 21,296 | | (14,730) | | | | | |
| | | | | | | | | | | | | (In thousands of U.S. dollars) | Six Months Ended June 30, 2026 | | Condensed Consolidated Statement of Cash Flows | As Previously Reported | Effect of Change | As Adjusted | | Net income (loss) | $ | (9,740) | | $ | 1,474 | | $ | (8,266) | | | Depreciation, amortization, and accretion | 10,780 | | (687) | | 10,093 | | | Loss from equity method investments | 2,354 | | (638) | | 1,716 | | | Deferred income taxes | (10,630) | | 10,630 | | — | | | Prepaid expenses and other current and long-term assets ⁽ᵇ⁾ | 10,812 | | (20,159) | | (9,347) | | | Net cash provided by operating activities | 23,677 | | (9,380) | | 14,297 | | | Proceeds from transfer of investment tax credits, net of transaction costs | — | | 9,380 | | 9,380 | | | Net cash used in investing activities | (58,456) | | 9,380 | | (49,076) | | | | | |
| | | | | | | | | | | | | (In thousands of U.S. dollars) | Nine Months Ended September 30, 2025 | | Condensed Consolidated Statement of Cash Flows | As Previously Reported | Effect of Change | As Adjusted | | Net income (loss) | $ | 20,229 | | $ | (34,018) | | $ | (13,789) | | | Depreciation, amortization, and accretion | 16,772 | | (514) | | 16,258 | | | Income from equity method investments | (1,877) | | (606) | | (2,483) | | | Net cash provided by operating activities | 40,016 | | (35,137) | | 4,879 | | | Proceeds from transfer of investment tax credits, net of transaction costs | — | | 35,137 | | 35,137 | | | Net cash used in investing activities | (69,933) | | 35,137 | | (34,796) | | | | | |
| | | | | | | | | | | | | (In thousands of U.S. dollars) | Nine Months Ended September 30, 2026 | | Condensed Consolidated Statement of Cash Flows | Under Prior Method ⁽ᵃ⁾ | Effect of Change | As Reported | | Net income (loss) | $ | (8,742) | | $ | 2,136 | | $ | (6,606) | | | Depreciation, amortization, and accretion | 16,164 | | (1,031) | | 15,133 | | | Loss from equity method investments | 1,380 | | (957) | | 423 | | | Deferred income taxes | (17,946) | | 17,912 | | (34) | | | Prepaid expenses and other current and long-term assets ⁽ᵇ⁾ | 10,258 | | (27,441) | | (17,183) | | | Net cash provided by operating activities | 39,971 | | (9,381) | | 30,590 | | | Proceeds from transfer of investment tax credits, net of transaction costs | — | | 9,381 | | 9,381 | | | Net cash used in investing activities | (78,100) | | 9,381 | | (68,719) | | | | | |
(1) Cost of sales – RNG fuels and Selling, general and administrative expenses on the face of the statement of operations also reflected a correction of an immaterial error. Refer to the “Correction of Immaterial Errors” paragraph below.⁽a⁾ Amounts that would have been reported under the prior method, under which §45Z PTCs and ITCs were accounted for as income tax benefits under ASC 740.
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