---
schema_version: "secwatch.filing_event.v1"
accession: "0001842279-23-000099"
form_type: "8-K"
ticker: "OPAL"
cik: "0001842279"
company_name: "OPAL Fuels Inc."
filed_at: "2023-11-22T23:59:59+00:00"
generated_at: "2026-06-07T22:21:28.652047+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# OPAL Fuels delays ITC sales, cuts FY2023 Adjusted EBITDA guidance by $8.5M due to IRS proposal

## Summary
- IRS proposed regulations on Nov 17 create inconsistencies for ITC credits on renewable projects.
- Company delaying pending ITC sales transactions until IRS clarifies issues.
- Removing anticipated $8.5M ITC proceeds from FY2023 Adjusted EBITDA guidance.
- Revised FY2023 Adjusted EBITDA guidance now $51.5-54.5M (down from $60-63M).
- Proposed regulations are open for comment; final outcome uncertain.

## SEC filing metadata
- accession: 0001842279-23-000099
- form_type: 8-K
- ticker: OPAL
- cik: 0001842279
- company_name: OPAL Fuels Inc.
- filed_at: 2023-11-22T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1842279/000184227923000099/0001842279-23-000099-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1842279/000184227923000099/opal-20231122.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001842279-23-000099
- JSON: https://secwatch.observer/filing/0001842279-23-000099.json
- Plain text: https://secwatch.observer/filing/0001842279-23-000099.txt

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