OPAL Fuels Q3 revenue $66.6M (+41% YoY), Adj. EBITDA $25.5M (+130%); FY2022 EBITDA guidance $60-63M

OPAL Fuels Inc.

2022-Q3 EPS reported -$0.06 revenue$168,814,000

Q3 revenue $66.6M (+41% YoY); net income $5.4M vs $0.8M year ago.
Q3 Adj. EBITDA $25.5M, up 130% YoY; 9-month Adj. EBITDA $40.6M (+78% YoY).
FY2022 Adj. EBITDA guidance $60-63M; RNG production expected 2.2-2.3M MMBtu.
9-month net income $0.6M, down from $19.0M prior year, reflecting non-cash items.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

OPAL Fuels Inc. reported Three and nine months ended September 30, 2022 results: revenue $66.6 million (three months) and $168.8 million (nine months), net income $5.4 million (three months) and $0.6 million (nine months). Guidance initiated.

Period: Three and nine months ended September 30, 2022
Revenue: $66.6 million (three months) and $168.8 million (nine months)
Net income: $5.4 million (three months) and $0.6 million (nine months)
Guidance: initiated
Result: reported results

Exact text from the filing

Revenues for the three and nine months ended September 30, 2022, were $66.6 million and $168.8 million, respectively, up 41% and 61%, compared to prior-year periods. • Net income for the three and nine months ended September 30, 2022, was $5.4 million and $0.6 million, respectively, compared to $0.8 million and $19.0 million, in the same period last year. • Adjusted EBITDA 1 for the three and nine months ended September 30, 2022, was $25.5 million and $40.6 million, respectively, up 130% and 78%, compared to prior-year periods. Full Year 2022 Guidance Expectations • Estimated Adjusted EBITDA 2 for the full year 2022 is anticipated to range between $60.0 million and $63.0 million.

View on SEC.gov

Browse all earnings releases →

OPAL Fuels Inc. filing history →

Source: SEC EDGAR

accession 0001842279-22-000039

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.