---
schema_version: "secwatch.filing_event.v1"
accession: "0001842279-23-000094"
form_type: "8-K/A"
ticker: "OPAL"
cik: "0001842279"
company_name: "OPAL Fuels Inc."
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T02:44:43.509220+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001842279-23-000094
- form_type: 8-K/A
- ticker: OPAL
- cik: 0001842279
- company_name: OPAL Fuels Inc.
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1842279/000184227923000094/0001842279-23-000094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1842279/000184227923000094/opal-20231113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001842279-23-000094
- JSON: https://secwatch.observer/filing/0001842279-23-000094.json
- Plain text: https://secwatch.observer/filing/0001842279-23-000094.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842279/000184227923000094/0001842279-23-000094-index.htm

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