Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Operations

v3.21.2
Consolidated Condensed Statements of Operations - USD ($)
2 Months Ended 3 Months Ended 8 Months Ended 9 Months Ended
Sep. 14, 2021
Sep. 30, 2021
Sep. 30, 2020
Sep. 14, 2021
Sep. 30, 2021
Sep. 30, 2020
Revenues and Other Income            
Revenue   $ 11,781,000 $ 1,904,000   $ 18,563,000 $ 4,496,000
Amortization of intangibles and below-market contracts   205,000 0   205,000 0
Total revenues   11,986,000 1,904,000   18,768,000 4,496,000
Equity Investment Income, Net   879,000 0   879,000 0
Cost of Operations            
Cost of energy   9,478,000 52,000   12,625,000 87,000
Cost of other revenues   615,000 1,202,000   2,976,000 2,490,000
Depreciation, amortization and accretion   3,142,000 34,000   4,077,000 101,000
Total Cost of Operations   13,235,000 1,288,000   19,678,000 2,678,000
General and administrative expenses   9,053,000 1,205,000   20,097,000 3,652,000
Operating Income (Loss)   (9,423,000) (589,000)   (20,128,000) (1,834,000)
Other Income (Expense)            
Interest expense   (1,586,000) 0   (1,606,000) 0
Gain (loss) on derivative contracts   (10,413,000) 0   (10,413,000) 0
Other income (expense)   81,000 (13,000)   377,000 15,000
Total Other Income (Expense)   (11,918,000) (13,000)   (11,642,000) 15,000
Income (Loss) Before Income Taxes   (21,341,000) (602,000)   (31,770,000) (1,819,000)
Income tax benefit   0 0   0 0
Net income (loss) $ (6,012,000) (21,341,000) (602,000) $ (16,442,000) (31,770,000) (1,819,000)
Net income (loss) attributable to nonredeemable noncontrolling interests   (335,000) 258,000   (589,000) 386,000
Net income (loss) attributable to Legacy Archaea   (5,733,000) (860,000)   (15,908,000) (2,205,000)
Net income (loss) attributable to redeemable noncontrolling interests   $ (8,262,000) $ 0   $ (8,262,000) $ 0
Net income (loss) per Class A common share:            
Basic (in usd per share) [1]   $ (0.13) $ 0   $ (0.13) $ 0
Diluted (in usd per share) [1]   $ (0.13) $ 0   $ (0.13) $ 0
Weighted average shares of Class A Common Stock outstanding:            
Basic (in shares) [1]   52,847,195 0   52,847,195 0
Diluted (in shares) [1]   52,847,195 0   52,847,195 0
Energy revenue            
Revenues and Other Income            
Revenue   $ 10,916,000 $ 0   $ 13,975,000 $ 0
Other revenue            
Revenues and Other Income            
Revenue   $ 865,000 1,904,000   $ 4,588,000 4,496,000
Aria Energy LLC            
Revenues and Other Income            
Revenue 35,773,000   36,081,000 120,282,000   105,975,000
Amortization of intangibles and below-market contracts 785,000   917,000 2,693,000   2,752,000
Total revenues 34,988,000   35,164,000 117,589,000   103,223,000
Equity Investment Income, Net 6,451,000   2,558,000 19,777,000   6,005,000
Cost of Operations            
Cost of energy 15,175,000   17,006,000 56,291,000   53,020,000
Cost of other revenues 8,000   2,576,000 30,000   9,476,000
Depreciation, amortization and accretion 4,634,000   7,801,000 15,948,000   23,381,000
Total Cost of Operations 19,817,000   27,383,000 72,269,000   85,877,000
Gain on disposal of assets 0   0 (1,347,000)   0
General and administrative expenses 20,678,000   5,303,000 33,737,000   14,934,000
Operating Income (Loss) 944,000   5,036,000 32,707,000   8,417,000
Other Income (Expense)            
Interest expense (2,053,000)   (4,765,000) (10,729,000)   (14,429,000)
Gain (loss) on derivative contracts 574,000   261,000 1,129,000   (61,000)
Other income (expense) 1,000   0 2,000   2,000
Gain on extinguishment of debt 0   0 61,411,000   0
Total Other Income (Expense) (1,478,000)   (4,504,000) 51,813,000   (14,488,000)
Net income (loss) (534,000)   532,000 84,520,000   (6,071,000)
Net income attributable to noncontrolling interest 0   22,000 289,000   61,000
Net income (loss) (534,000)   510,000 84,231,000   (6,132,000)
Aria Energy LLC | Energy revenue            
Revenues and Other Income            
Revenue 35,765,000   33,376,000 120,250,000   96,025,000
Aria Energy LLC | Construction revenue            
Revenues and Other Income            
Revenue $ 8,000   $ 2,705,000 $ 32,000   $ 9,950,000
[1] Class A Common Stock is outstanding beginning September 15, 2021 due to the reverse recapitalization transaction as described in Note 4.