OPAL Fuels Q3 revenue $66.6M (+41% YoY); FY22 Adj. EBITDA guidance $60-63M

OPAL Fuels Inc.

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

Q3 2022 revenue $66.6M, up 41% YoY; net income $5.4M vs $0.8M prior year.
Adjusted EBITDA Q3 $25.5M, up 130% YoY; nine-month Adj. EBITDA $40.6M, up 78%.
FY2022 Adj. EBITDA guidance $60-63M; RNG production guidance 2.2-2.3M MMBtu.
Filed 8-K/A to correct clerical error: nine-month Renewable Power revenue decline due to lower generation, not mark-to-market change.

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 0.9

OPAL Fuels Inc. updated its the full year 2022 guidance (initiated).

Period: the full year 2022
Guidance: initiated
Result: guidance update

Exact text from the filing

Estimated Adjusted EBITDA 2 for the full year 2022 is anticipated to range between $60.0 million and $63.0 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OPAL Fuels Inc. reported the three months ended September 30, 2022 results: revenue $66.6 million, net income $5.4 million.

Period: the three months ended September 30, 2022
Revenue: $66.6 million
Net income: $5.4 million
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.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OPAL Fuels Inc. reported the nine months ended September 30, 2022 results: revenue $168.8 million, net income $0.6 million.

Period: the nine months ended September 30, 2022
Revenue: $168.8 million
Net income: $0.6 million
Result: reported results

Exact text from the filing

results for the three and nine months ended September 30, 2022. Financial Highlights • 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,

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Source: SEC EDGAR

accession 0001842279-22-000044

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