---
schema_version: "secwatch.filing_event.v1"
accession: "0001842279-23-000043"
form_type: "8-K/A"
ticker: "OPAL"
cik: "0001842279"
company_name: "OPAL Fuels Inc."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T04:50:02.979294+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001842279-23-000043
- form_type: 8-K/A
- ticker: OPAL
- cik: 0001842279
- company_name: OPAL Fuels Inc.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1842279/000184227923000043/0001842279-23-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1842279/000184227923000043/opal-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001842279-23-000043
- JSON: https://secwatch.observer/filing/0001842279-23-000043.json
- Plain text: https://secwatch.observer/filing/0001842279-23-000043.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842279/000184227923000043/0001842279-23-000043-index.htm

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