Schedule of Segment Reporting Information, by Segment |
The following summarizes selected financial information for the Company’s reporting segments:
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(in thousands) |
RNG |
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Power |
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Corporate and Other |
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Total |
Three months ended September 30, 2022 |
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Revenue and other income |
$ |
73,857 |
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$ |
27,366 |
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$ |
3,770 |
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$ |
104,993 |
Intersegment revenue |
— |
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1,161 |
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(1,161) |
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— |
Total revenue and other income |
73,857 |
|
28,527 |
|
2,609 |
|
104,993 |
Equity investment income, net |
2,547 |
|
398 |
|
— |
|
2,945 |
Net income (loss) |
17,762 |
|
3,249 |
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(45,246) |
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(24,235) |
Interest expense |
1,454 |
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— |
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9,121 |
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|
10,575 |
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Depreciation, amortization and accretion |
11,104 |
|
5,602 |
|
266 |
|
16,972 |
Income tax expense |
5 |
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6 |
|
46 |
|
57 |
EBITDA |
$ |
30,325 |
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$ |
8,857 |
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$ |
(35,813) |
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$ |
3,369 |
Nine months ended September 30, 2022 |
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Revenue and other income |
$ |
171,480 |
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$ |
59,307 |
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$ |
8,322 |
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$ |
239,109 |
Intersegment revenue |
— |
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3,938 |
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(3,938) |
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— |
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Total revenue and other income |
171,480 |
|
63,245 |
|
4,384 |
|
239,109 |
Equity investment income, net |
6,091 |
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|
976 |
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— |
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|
7,067 |
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Net income (loss) |
42,188 |
|
6,523 |
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(73,494) |
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(24,783) |
Interest expense |
3,448 |
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— |
|
13,493 |
|
16,941 |
Depreciation, amortization and accretion |
31,178 |
|
11,333 |
|
680 |
|
43,191 |
Income tax expense |
5 |
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6 |
|
175 |
|
186 |
EBITDA |
$ |
76,819 |
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$ |
17,862 |
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$ |
(59,146) |
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$ |
35,535 |
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September 30, 2022 |
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Goodwill |
$ |
47,833 |
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$ |
— |
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$ |
— |
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$ |
47,833 |
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Three months ended September 30, 2021 |
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Revenue and other income |
$ |
5,963 |
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$ |
5,158 |
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$ |
865 |
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$ |
11,986 |
Intersegment revenue |
— |
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12 |
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(12) |
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— |
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Total revenue and other income |
5,963 |
|
5,170 |
|
853 |
|
11,986 |
Net income (loss) |
28 |
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(320) |
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(23,885) |
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(24,177) |
Interest expense |
(18) |
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— |
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1,604 |
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|
1,586 |
Depreciation, amortization and accretion |
1,906 |
|
1,204 |
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32 |
|
3,142 |
EBITDA |
$ |
1,916 |
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$ |
884 |
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$ |
(22,249) |
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$ |
(19,449) |
Nine months ended September 30, 2021 |
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Revenue and other income |
$ |
6,785 |
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$ |
7,395 |
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$ |
4,588 |
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$ |
18,768 |
Intersegment revenue |
— |
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12 |
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(12) |
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— |
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Total revenue and other income |
6,785 |
|
7,407 |
|
4,576 |
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18,768 |
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Net income (loss) |
(1,538) |
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(2,150) |
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(30,918) |
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(34,606) |
Interest expense |
2 |
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— |
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1,604 |
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|
1,606 |
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Depreciation, amortization and accretion |
2,121 |
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|
1,834 |
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|
122 |
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|
4,077 |
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EBITDA |
$ |
585 |
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$ |
(316) |
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$ |
(29,192) |
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$ |
(28,923) |
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December 31, 2021 |
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Goodwill |
$ |
29,211 |
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$ |
— |
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$ |
— |
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$ |
29,211 |
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Schedule of Segment Reporting Information, by Segment |
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(in thousands) |
RNG |
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Power |
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Corporate and Other |
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Total |
For the period July 1 to September 14, 2021 |
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Total revenue and other income |
$ |
27,668 |
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$ |
9,127 |
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$ |
(1,807) |
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$ |
34,988 |
Net income (loss) |
20,293 |
|
1,505 |
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(22,332) |
|
(534) |
Depreciation, amortization and accretion |
1,888 |
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|
2,739 |
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7 |
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|
4,634 |
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Interest expense |
— |
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— |
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|
2,053 |
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|
2,053 |
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EBITDA |
$ |
22,181 |
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$ |
4,244 |
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$ |
(20,272) |
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$ |
6,153 |
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For the year-to-date period ended September 14, 2021 |
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Total Revenue and other income |
$ |
82,338 |
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$ |
37,058 |
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$ |
(1,807) |
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$ |
117,589 |
Net income (loss) |
59,066 |
|
66,431 |
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(40,977) |
|
84,520 |
Depreciation, amortization and accretion |
6,447 |
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|
9,467 |
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34 |
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15,948 |
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Interest expense |
— |
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— |
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|
10,729 |
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|
10,729 |
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EBITDA |
$ |
65,513 |
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$ |
75,898 |
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$ |
(30,214) |
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$ |
111,197 |
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