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 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues and Other Income        
Revenue $ 102,271 $ 11,781 $ 230,850 $ 18,563
Amortization of intangibles and below-market contracts 2,722 205 8,259 205
Total revenues 104,993 11,986 239,109 18,768
Equity Investment Income, Net 2,945 879 7,067 879
Cost of Sales        
Cost of energy 63,253 9,478 138,531 12,625
Cost of other revenues 3,109 615 7,049 2,976
Depreciation, amortization and accretion 16,972 3,142 43,191 4,077
Total Cost of Sales 83,334 13,235 188,771 19,678
General and administrative expenses 30,478 11,889 75,714 22,933
Operating Income (Loss) (5,874) (12,259) (18,309) (22,964)
Other Income (Expense)        
Interest expense, net (10,575) (1,586) (16,941) (1,606)
Gain (loss) on warrants and derivative contracts (7,605) (10,413) 10,575 (10,413)
Other income (expense) (124) 81 78 377
Total Other Income (Expense) (18,304) (11,918) (6,288) (11,642)
Income (Loss) Before Income Taxes (24,178) (24,177) (24,597) (34,606)
Income tax expense 57 0 186 0
Net income (loss) (24,235) (24,177) (24,783) (34,606)
Net income (loss) attributable to nonredeemable noncontrolling interests (2,020) (335) (2,020) (589)
Net income (loss) attributable to Legacy Archaea 0 (8,569) 0 (18,744)
Net income (loss) attributable to redeemable noncontrolling interests (7,224) $ (8,262) (11,295) $ (8,262)
Net Income (Loss) Attributable to Class A Common Stock $ (17,011)   $ (13,488)  
Net income (loss) per Class A Common Stock:        
Net income (loss) – basic (in usd per share) [1] $ (0.18) $ (0.13) $ (0.15) $ (0.13)
Net income (loss) – diluted (in usd per share) [1] $ (0.18) $ (0.13) $ (0.18) $ (0.13)
Weighted average shares of Class A Common Stock outstanding:        
Basic (in shares) [1] 81,044,814 52,847,195 76,034,987 52,847,195
Diluted (in shares) [1] 81,044,814 52,847,195 78,542,786 52,847,195
Class A Units        
Other Income (Expense)        
Net Income (Loss) Attributable to Class A Common Stock $ (14,991) $ (7,011) $ (11,468) $ (7,011)
Weighted average shares of Class A Common Stock outstanding:        
Basic (in shares) 81,045,000 52,847,000 76,035,000 52,847,000
Diluted (in shares) 81,045,000 52,847,000 78,543,000 52,847,000
Energy revenue        
Revenues and Other Income        
Revenue $ 98,377 $ 10,916 $ 222,528 $ 13,975
Other revenue        
Revenues and Other Income        
Revenue $ 3,894 $ 865 $ 8,322 $ 4,588
[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.”