OPAL Fuels Q3 revenue $71.1M (+7% YoY); net income $0.2M; RNG capacity triples to 5.2M MMBtu

OPAL Fuels Inc.

2023-Q3 EPS reported $0.58 revenue$169,100,000

Q3 revenue $71.1M (+7% YoY); net income $0.2M vs $5.4M; basic EPS loss $0.01.
Adjusted EBITDA Q3 $16.5M vs $17.7M; nine-month $19.9M vs $33.0M; presentation changed by excluding 'RNG Pending Monetization'.
RNG annual design capacity online now 5.2M MMBtu across 8 projects, tripled in two years; 4.4M MMBtu in construction.
Closed $500M credit facility; signed JV with South Jersey Industries for two RNG projects.
RNG Pending Monetization (unsold inventory) totals $33.5M at quarter end.

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 financial results for three and nine months ended September 30, 2023.

Period: three and nine months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 13, 2023, OPAL Fuels Inc. (the "Company") issued a press release regarding its financial results for the three and nine months ended September 30, 2023. A copy of the press release is furnished as Exhibit 99.1 hereto.

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Source: SEC EDGAR

accession 0001842279-23-000090

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