OPAL Fuels Q1 revenue $65M (+51% YoY), net income $0.7M vs loss; RNG produced up 33%

OPAL Fuels Inc.

2024-Q1 EPS reported -$0.01 revenue$64,952,000

Revenue $65M, up 51% YoY; net income $0.7M vs net loss $7.3M in Q1 2023.
Adjusted EBITDA $15.2M, up $16.8M YoY; diluted EPS loss $0.01.
RNG produced 0.8M MMBtu (+33% YoY); RNG sold as transportation fuel 16.4M GGEs (+98%).
Prince William RNG facility (1.7M MMBtu annual capacity) commenced operations; Sapphire and Polk on track for Q3/Q4 2024.
Started construction on fifteenth RNG project, Cottonwood (0.7M MMBtu capacity); aggregate portfolio design capacity 10.3M annual MMBtu.

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