secwatch.observer — SEC 8-K summary
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Issuer:     OPAL Fuels Inc. (OPAL)
CIK:        0001842279
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001842279-24-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OPAL Fuels Q2 revenue up 29% to $71M; Adj EBITDA $18.9M; RNG production target lowered
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- Revenue $71.0M (+29% YoY); Net income $1.9M vs $114.1M prior year (included $122.9M non-cash gain).
- Adjusted EBITDA $18.9M, up from $5.1M YoY; maintains FY 2024 guidance of $90M-$100M.
- RNG produced 0.9M MMBtu (+50% YoY); FY RNG production guidance lowered to 4.0-4.4M MMBtu from 4.4-4.8M.
- Added Burlington RNG facility (0.46M MMBtu annual design capacity) with South Jersey Industries; portfolio now 10.8M MMBtu.
- RNG sold as transportation fuel 18.7M GGEs (+70% YoY); Fuel Station Services segment sold 36.6M GGEs (+3%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842279/000184227924000041/0001842279-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842279/000184227924000041/opal-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001842279-24-000041

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