Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.22.1
Segment Information
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Information
NOTE 19 – Segment Information
The Company’s two reporting segments for the three months ended March 31, 2022 and 2021 are RNG and Power. The Company’s chief operating decision maker evaluates the performance of its segments based on operational measures including revenues, net income and EBITDA.
The following summarizes selected financial information for the Company’s reporting segments:
(in thousands)
RNG
Power
Corporate and Other
Total
Three months ended March 31, 2022
Revenue
$ 38,842 $ 16,849 $ 1,209 $ 56,900
Intersegment revenue
—  1,411  (1,411) — 
Total revenue and other income
38,842 18,260 (202) 56,900
Equity investment income, net
1,038  391  —  1,429 
Net income (loss)
14,205 1,645 (49,022) (33,172)
Interest expense
(303) 2,956 2,653
Depreciation, amortization and accretion
9,108 3,158 224 12,490
EBITDA
$ 23,010 $ 4,803 $ (45,842) $ (18,029)
March 31, 2022
Goodwill
$ 29,137  $ $ $ 29,137
Three months ended March 31, 2021
Revenue
$ $ $ 1,654 $ 1,654
Intersegment revenue
—  —  —  — 
Total revenue and other income
1,654 1,654
Equity investment income, net
—  —  —  — 
Net income (loss)
(1,090) (1,409) (2,499)
Interest expense
— 
Depreciation, amortization and accretion
13  —  36  49 
EBITDA
$ (1,071) $ $ (1,373) $ (2,444)
December 31, 2021
Goodwill
$ 29,211 $ $ $ 29,211