Significant EBITDA Growth
First quarter adjusted EBITDA was $20.1 million, over 30% higher compared to the same period last year.
Fuel Station Services Segment Performance
First quarter 2025 fuel station services segment EBITDA was approximately $12.5 million, 80% higher versus the first quarter of 2024.
Increase in RNG Fuel Production
RNG fuel production for the quarter was 1.1 million MMBtus, up nearly 40% versus the same period last year.
Revenue and Net Income Growth
Revenue for the quarter was $85 million compared to $64.9 million in the same period last year. Net income was $1.3 million, up from $700,000 in Q1 2024.
Strong Liquidity Position
Total liquidity was $240 million, including over $40 million in cash and cash equivalents, and more than $178 million of undrawn availability under the term credit facility.
Positive Outlook for RNG Production
Maintained 2025 RNG production guidance of 5 million MMBtus to 5.4 million MMBtus, a 37% increase versus 2024.