OPAL Fuels Q1 revenue $43M (-12% YoY); net loss $7.3M; Adj EBITDA $8.7M (+112%)

OPAL Fuels Inc.

2023-Q1 EPS reported -$0.06 revenue$42,957,000

Revenue $43.0M, down 12% YoY; net loss $7.3M vs $4.5M loss in prior year.
Adjusted EBITDA $8.7M, up 112% YoY; basic and diluted loss per share $0.06.
RNG produced 0.6M MMBtu (+50% YoY); RNG sold as transport fuel 8.3M GGEs (+36%).
Advanced Development Pipeline grew to 9.3M MMBtu from 8.3M MMBtu at year-end.
Emerald RNG project on track for commercial ops in coming months; Prince William expected Q4 2023.

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 the three months ended March 31, 2023 results: revenue $43.0 million, net income $7.3 million, EPS $0.06.

Period: the three months ended March 31, 2023
Revenue: $43.0 million
Net income: $7.3 million
EPS: $0.06
Result: reported results

Exact text from the filing

Fuels proportional ownership with respect to RNG projects owned with joint venture partners. 1 Financial Highlights • Revenues for the three months ended March 31, 2023, were $43.0 million, down 12%, compared to to the same period last year. • Net loss for the three months ended March 31, 2023, was $7.3 million compared to $4.5 million in the same period last year.

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Source: SEC EDGAR

accession 0001842279-23-000037

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