earnings
confidence high
sentiment positive
materiality 0.70
OPAL Fuels FY2023: rev $256.1M, net income $127.0M, EPS $0.70; RNG capacity targets 8.8M MMBtu
OPAL Fuels Inc.
- Revenue for FY2023 $256.1M (+9% YoY); Q4 $87.0M (+30% YoY).
- Net income FY2023 $127.0M vs $32.6M prior year; basic EPS $0.70.
- Adjusted EBITDA Q4 $32.0M, FY $52.0M; Q4 up 57% YoY.
- RNG produced 2.7M MMBtu (+23% YoY); sold 43.8M GGEs (+49%).
- Expect 8.8M MMBtu RNG capacity online by end 2024; closed $500M credit facility.