OPAL Fuels Q2 revenue $55M (+3% YoY); adjusted EBITDA $21.4M (+92%)

OPAL Fuels Inc.

2023-Q2 EPS reported $0.59 revenue$97,999,000

Q2 revenue $55.0M (+3% YoY); H1 revenue $98.0M (-4% YoY).
Net income $114.1M includes one-time gain; adjusted net loss $7.8M ($0.06/share).
Adjusted EBITDA $21.4M in Q2 (+92% YoY); H1 $30.1M (+97%).
Full-year adjusted EBITDA guidance reaffirmed at $85-95M; production may be at low end.
Unsold RINs and LCFS credits valued at $34.4M, up from $17.7M in Q1.

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 0.9

OPAL Fuels Inc. reported three and six months ended June 30, 2023 results: revenue $55.0 million and $98.0 million, net income $114.1 million and $106.7 million, EPS $0.66 and $0.60. Guidance reaffirmed.

Period: three and six months ended June 30, 2023
Revenue: $55.0 million and $98.0 million
Net income: $114.1 million and $106.7 million
EPS: $0.66 and $0.60
Guidance: reaffirmed
Result: reported results

Exact text from the filing

we believe we are well positioned heading into the second half of 2023.” said Maurer. 1 Financial Highlights • Revenues for the three and six months ended June 30, 2023, were $55.0 million and $98.0 million, up 3% and down 4%, in the first half of the year compared to the same periods last year. As disclosed in previous reporting, revenue was affected by our

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Source: SEC EDGAR

accession 0001842279-23-000066

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