Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.22.2.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues and Other Income        
Revenue $ 74,450 $ 5,127 $ 128,580 $ 6,781
Amortization of intangibles and below-market contracts 2,769 0 5,537 0
Total revenues 77,219 5,127 134,116 6,781
Equity Investment Income, Net 2,693 0 4,122 0
Cost of Sales        
Cost of energy 46,699 3,148 75,278 3,148
Cost of other revenues 2,317 1,199 3,940 2,360
Depreciation, amortization and accretion 13,730 886 26,219 935
Total Cost of Sales 62,746 5,233 105,437 6,443
General and administrative expenses 18,883 7,884 45,236 11,042
Operating Income (Loss) (1,717) (7,990) (12,435) (10,704)
Other Income (Expense)        
Interest expense, net (3,712) (13) (6,366) (19)
Gain (loss) on warrants and derivative contracts 38,095 0 18,180 0
Other income (expense) 87 73 202 294
Total Other Income (Expense) 34,470 60 12,016 275
Income (Loss) Before Income Taxes 32,753 (7,930) (419) (10,429)
Income tax expense 129 0 129 0
Net income (loss) 32,624 (7,930) (548) (10,429)
Net income (loss) attributable to nonredeemable noncontrolling interests 0 (168) 0 (254)
Net income (loss) attributable to Legacy Archaea 0 (7,762) 0 (10,175)
Net income (loss) attributable to redeemable noncontrolling interests 10,674 $ 0 (4,071) $ 0
Net income (loss) attributable to Class A Common shares - basic $ 21,950   $ 3,523  
Net income (loss) per Class A Common Stock:        
Net income (loss) – basic (in usd per share) [1] $ 0.27 $ 0 $ 0.05 $ 0
Net income (loss) – diluted (in usd per share) $ (0.18) $ 0 [1] $ (0.12) $ 0 [1]
Weighted average shares of Class A Common Stock outstanding:        
Basic (in shares) [1]   0 73,488,555 0
Diluted (in shares) [1] 83,445,455 0 76,203,753 0
Class A Units        
Other Income (Expense)        
Net income (loss) attributable to Class A Common shares - basic $ 21,950 $ 0 $ 3,523 $ 0
Weighted average shares of Class A Common Stock outstanding:        
Basic (in shares) 80,522,737 [1] 0 73,489,000 0
Diluted (in shares) 83,445,000 0 76,204,000 0
Energy revenue        
Revenues and Other Income        
Revenue $ 71,235 $ 3,059 $ 124,151 $ 3,059
Other revenue        
Revenues and Other Income        
Revenue $ 3,215 $ 2,068 $ 4,428 $ 3,722
[1] Class A Common Stock is outstanding beginning September 15, 2021 due to the reverse recapitalization transaction as described in “Note 4 - Business Combinations and Reverse Recapitalization.”