OPAL Fuels Q1 net loss $7.3M, revenue down 12%; corrects RIN estimate to 4.2M

OPAL Fuels Inc.

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

Revenue $43.0M (-12% YoY); net loss $7.3M vs $4.5M loss prior year; diluted EPS -$0.06.
Adjusted EBITDA $8.7M (+112% YoY); includes RNG pending certification and unsold credit inventory at quarter-end prices.
RNG produced 0.6M MMBtu (+50% YoY); RNG sold as transport fuel 8.3M GGEs (+36%).
Corrected anticipated RINs from 5.9M to 4.2M upon certification of RNG produced.
Advanced Development Pipeline grew to 9.3M MMBtu feedstock biogas; on track for 2M MMBtu RNG projects into construction in 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 0.98

OPAL Fuels Inc. reported three months ended March 31, 2023 results: revenue $43.0 million, net income Net loss for the three months ended March 31, 2023, was $7.3 million, EPS Basic and diluted loss per share attributable to Class A common shareholders for the three months ended March 31, 2023 w.

Period: three months ended March 31, 2023
Revenue: $43.0 million
Net income: Net loss for the three months ended March 31, 2023, was $7.3 million
EPS: Basic and diluted loss per share attributable to Class A common shareholders for the three months ended March 31, 2023 w
Result: reported results

Exact text from the filing

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. • Basic and diluted loss per share attributable to Class A common shareholders for the three months ended March 31, 2023 was $0.06.

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Source: SEC EDGAR

accession 0001842279-23-000043

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