OPAL Fuels 2022 revenue $235.5M (+42% YoY), RNG production 2.2M MMBtu (+38%), guides >50% growth in 2023

OPAL Fuels Inc.

Revenue $235.5M for FY2022, up 42% YoY; Net income $32.6M vs $40.8M prior year.
Adjusted EBITDA $60.7M, up 50% YoY; RNG production 2.2M MMBtu, +38% YoY.
Co-CEOs forecast RNG production growth exceeding 50% in 2023, with accelerated growth expected in 2024.
Advanced Development Pipeline totals 8.3M MMBtu across 19 projects; recently added 0.8M MMBtu.
Renewed UPS agreement for 51 fueling stations for 10 years; signed agreements for 17 new OPAL stations.

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 the three months ended December 31, 2022 results: revenue $66.7 million, net income $32.0 million.

Period: the three months ended December 31, 2022
Revenue: $66.7 million
Net income: $32.0 million
Result: reported results

Exact text from the filing

Revenue for the three and twelve months ended December 31, 2022, was $66.7 million and $235.5 million, respectively, up 9% and 42%, compared to prior-year periods. • Net income for the three and twelve months ended December 31, 2022, was $32.0 million and $32.6 million, respectively

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

OPAL Fuels Inc. reported the twelve months ended December 31, 2022 results: revenue $235.5 million, net income $32.6 million.

Period: the twelve months ended December 31, 2022
Revenue: $235.5 million
Net income: $32.6 million
Result: reported results

Exact text from the filing

Revenue for the three and twelve months ended December 31, 2022, was $66.7 million and $235.5 million, respectively, up 9% and 42%, compared to prior-year periods. • Net income for the three and twelve months ended December 31, 2022, was $32.0 million and $32.6 million, respectively

View on SEC.gov

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OPAL Fuels Inc. filing history →

Source: SEC EDGAR

accession 0001842279-23-000006

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