secwatch.observer — SEC 8-K summary
======================================

Issuer:     OPAL Fuels Inc. (OPAL)
CIK:        0001842279
Form:       8-K/A
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001842279-23-000043
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842279/000184227923000043/0001842279-23-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842279/000184227923000043/opal-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001842279-23-000043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer