secwatch.observer — SEC 8-K summary
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Issuer:     OPAL Fuels Inc. (OPAL)
CIK:        0001842279
Form:       8-K/A
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0001842279-23-000094
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842279/000184227923000094/0001842279-23-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842279/000184227923000094/opal-20231113.htm
  HTML page:      https://secwatch.observer/filing/0001842279-23-000094

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