---
schema_version: "secwatch.filing_event.v1"
accession: "0001842279-23-000006"
form_type: "8-K"
ticker: "OPAL"
cik: "0001842279"
company_name: "OPAL Fuels Inc."
filed_at: "2023-03-27T23:59:59+00:00"
generated_at: "2026-06-17T15:33:29.438462+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001842279-23-000006
- form_type: 8-K
- ticker: OPAL
- cik: 0001842279
- company_name: OPAL Fuels Inc.
- filed_at: 2023-03-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1842279/000184227923000006/0001842279-23-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1842279/000184227923000006/opal-20230327.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001842279-23-000006
- JSON: https://secwatch.observer/filing/0001842279-23-000006.json
- Plain text: https://secwatch.observer/filing/0001842279-23-000006.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842279/000184227923000006/0001842279-23-000006-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842279/000184227923000006/0001842279-23-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.