v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Total revenues $ 79,491 $ 83,357 $ 236,265 $ 249,220
Operating expenses:        
Project development and startup costs 2,744 2,543 7,860 12,101
Selling, general and administrative 12,432 11,316 36,524 38,197
Depreciation, amortization, and accretion 5,040 5,223 15,133 16,258
Impairment loss 14 0 4,156 0
(Income) loss from equity method investments (1,293) (839) 423 (2,483)
Total operating expenses 70,660 78,501 223,184 246,129
Operating income 8,831 4,856 13,081 3,091
Interest and financing expense (8,927) (7,185) (24,218) (20,272)
Interest income 742 287 3,603 942
Other income, net 1,014 129 1,111 2,450
Total other expenses (7,171) (6,769) (19,504) (16,880)
Net income (loss) before provision for income taxes 1,660 (1,913) (6,423) (13,789)
Provision for income taxes 0 0 (183) 0
Net income (loss) 1,660 (1,913) (6,606) (13,789)
Net loss attributable to redeemable non-controlling interest (4,501) (3,847) (22,984) (18,295)
Net income attributable to non-redeemable non-controlling interest 575 93 794 329
Accretion of the redeemable preferred non-controlling interest to its redemption amount 6,528 2,617 20,416 7,851
Net loss attributable to Class A common stockholders $ (942) $ (776) $ (4,832) $ (3,674)
Weighted average shares outstanding of Class A common stock:        
Basic (in shares) 29,641,216 28,279,527 29,193,870 28,090,014
Diluted (in shares) 29,641,216 28,279,527 29,193,870 28,090,014
Per share amounts:        
Basic (in dollars per share) $ (0.03) $ (0.03) $ (0.17) $ (0.13)
Diluted (in dollars per share) $ (0.03) $ (0.03) $ (0.17) $ (0.13)
RNG fuel        
Revenues:        
Total revenues [1],[2] $ 22,489 $ 22,921 $ 67,948 $ 75,650
Operating expenses:        
Cost of sales 9,138 13,466 27,496 41,216
Fuel Station Services        
Revenues:        
Total revenues [3],[4] 49,740 51,722 147,370 149,426
Operating expenses:        
Cost of sales 35,289 40,230 111,041 118,683
Renewable Power        
Revenues:        
Total revenues [5],[6] 7,262 8,714 20,947 24,144
Operating expenses:        
Cost of sales $ 7,296 $ 6,562 $ 20,551 $ 22,157
[1]
Includes revenues from related parties of $16,917 and $55,658 for the nine months ended September 30, 2026 and 2025, respectively.
[2] Includes revenues from related parties of $0 and $17,825 for the three months ended September 30, 2026 and 2025, respectively.
[3]
Includes revenues from related parties of $19,022 and $40,921 for the nine months ended September 30, 2026 and 2025, respectively.
[4] Includes revenues from related parties of $2,664 and $11,492 for the three months ended September 30, 2026 and 2025, respectively
[5]
Includes revenues from related parties of $872 and $4,676 for the nine months ended September 30, 2026 and 2025, respectively.
[6] Includes revenues from related parties of $0 and $2,022 for the three months ended September 30, 2026 and 2025, respectively.