OPAL Fuels corrects segment Adjusted EBITDA error; Q3 revenue up 7% to $71.1M

OPAL Fuels Inc.

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

RNG Fuel segment Adjusted EBITDA corrected to $25.4M (was understated by $3.9M); Corporate corrected to $(38.5M).
Q3 2023 revenue $71.1M (+7% YoY); GAAP net income $0.2M; Adjusted EBITDA $16.5M.
Closed $500M credit facility; signed JV with SJI for two RNG projects; Emerald project began operations.
Total online RNG design capacity now 5.2M MMBtu/year across 8 projects, more than tripled in two years.
RNG Pending Monetization (stored environmental credits and RNG) totaled $33.5M at Sept 30, 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 0.95

OPAL Fuels Inc. reported three and nine months ended September 30, 2023 results: revenue $71.1 million and $169.1 million, net income $0.2 million and $106.9 million, EPS $(0.01) and $0.59.

Period: three and nine months ended September 30, 2023
Revenue: $71.1 million and $169.1 million
Net income: $0.2 million and $106.9 million
EPS: $(0.01) and $0.59
Result: reported results

Exact text from the filing

near and longer-term earnings power of the business,” said co-CEO Jonathan Maurer. 1 Financial Highlights • Revenues for the three and nine months ended September 30, 2023, were $71.1 million and $169.1 million, up 7% and 0.2% compared to same periods last year. • Net income for the three and nine months ended September 30, 2023, was $0.2 million and $106.9 million

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Source: SEC EDGAR

accession 0001842279-23-000094

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