Quarterly report pursuant to Section 13 or 15(d)

Revenues (Tables)

v3.22.2.2
Revenues (Tables)
9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregates Revenue by Significant Product Type
The following table disaggregates revenue by significant product type and operating segment for the three and nine months ended September 30, 2022 and 2021:
Three Months Ended September 30, Nine Months Ended September 30,
(in thousands)
2022 2021 2022 2021
Revenue by Product Type
RNG, including RINs and LCFS credits
$ 69,976  $ 5,525  $ 159,859  $ 6,346 
RNG O&M service (1)
280  110  812  110 
Power, including RECs
27,038  5,125  58,796  7,363 
Power O&M service (1)
1,083  156  3,061  156 
Equipment and associated services
2,567  865  6,589  4,588 
Other (1)
1,327  —  1,733  — 
Total
$ 102,271  $ 11,781  $ 230,850  $ 18,563 
Revenue by Operating Segment
RNG
$ 70,256  $ 5,635  $ 160,671  $ 6,456 
Power
28,121  5,281  61,857  7,519 
Corporate and Other
3,894  865  8,322  4,588 
Total $ 102,271  $ 11,781  $ 230,850  $ 18,563 
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(1) Includes revenues earned from the Company’s equity method investment joint ventures, see “Note 20 - Related Party Transactions.”
Schedule of Contract Assets and Liabilities
Contract assets and liabilities consisted of the following as of September 30, 2022 and December 31, 2021:
(in thousands) September 30, 2022 December 31, 2021
Contract assets (included in Prepaid expenses and other current assets)
$ 1,540  $ 87 
Contract liabilities (included in Accrued and other current liabilities)
$ (1,457) $ (505)
Schedule of Revenue Expected to be Recognized on Remaining Performance Obligations Under Sales Contracts The following table summarizes the revenue the Company expects to recognize over next 21 years on these firm sales contracts as of September 30, 2022:
(in thousands)
Remainder of 2022 $ 19,729 
2023-2024 262,926 
2025-2026 430,193 
2027-2028 441,060 
2029-2030 434,641 
2031-2032 418,453 
Thereafter 1,842,870 
Total $ 3,849,872