OPAL Fuels Inc. Stock Price, News & Analysis

OPAL Fuels (NASDAQ: OPAL) reported solid Q1 2025 financial results with revenue of $85.4 million, up 31% year-over-year. Net income reached $1.3 million, compared to $0.7 million in Q1 2024. The company's RNG production increased 38% to 1.1 million MMBtu, while Adjusted EBITDA grew to $20.2 million from $15.2 million. The Fuel Station Services segment showed strong performance, selling 40.6 million GGEs of transportation fuel (+16% YoY), including 19.5 million GGEs of RNG (+19% YoY). Two RNG facilities brought online in Q4 2024 are performing as expected, and the company completed an $8.9 million IRA Investment Tax Credits sale. Construction projects remain on track, though two dairy projects in California face delays due to contractor disputes. The company maintains its full-year 2025 guidance.

OPAL Fuels (Nasdaq: OPAL) has scheduled its first quarter 2025 earnings release and conference call. The company will disclose its financial results for Q1 2025, ending March 31, after the market closes on Thursday, May 8, 2025. A conference call will follow on Friday, May 9, 2025 at 11:00 a.m. Eastern Time. Investors can access the presentation through a listen-only webcast available on the company's Investor Relations website.

OPAL Fuels (Nasdaq: OPAL) announced that its controlling shareholder, Fortistar , has exchanged 50.0 million shares of Class D common stock (with five votes per share) for an equal number of newly issued Class B common stock (with one vote per share). This exchange maintains Fortistar's economic interest while reducing its voting control.

The company revealed that Fortistar has now converted over 120 million Class D shares in total. This strategic move is aimed at potentially facilitating the inclusion of OPAL's publicly traded Class A common stock in certain stock market indices, which could affect broad-based mutual funds and exchange-traded index funds. However, the company explicitly stated that inclusion in stock market indices cannot be guaranteed and is beyond their control.

OPAL Fuels (Nasdaq: OPAL) has successfully completed the sale of Inflation Reduction Act (IRA) investment tax credits worth $8.9 million. The credits were generated by the Sapphire RNG facility, a joint venture in which OPAL Fuels holds a 50% ownership stake. The proceeds from this transaction will positively impact the company's net income and operating cash flow. This marks OPAL Fuels' second IRA tax credit sale, supporting initiatives for heavy-duty trucking decarbonization, energy security, and domestic fuel production.

OPAL Fuels (Nasdaq: OPAL) reported its Q4 and full-year 2024 financial results, demonstrating significant operational growth despite market challenges. The company's revenue reached $300.0 million for FY2024, up 17% year-over-year, while Q4 revenue was $80.0 million, down 8% compared to Q4 2023.

Key operational highlights include:

• Commenced operations at three landfill RNG projects in 2024, increasing total operating RNG capacity to 8.8 million MMBtu
• RNG production grew 41% to 3.8 million MMBtu for FY2024
• Fuel Station Services segment saw a 13% increase in fuel sales to 150.2 million GGEs
• RNG dispensed as transportation fuel increased 69% to 74.0 million GGEs

For 2025, OPAL Fuels projects Adjusted EBITDA between $90-110 million, with expected RNG production of 5.0-5.4 million MMBtu. The company maintains strong liquidity of $223.6 million and anticipates approximately $50 million in ITC sale proceeds.

OPAL Fuels Inc. (Nasdaq: OPAL) has announced expansion into Canada with five new fuel station service agreements. The company will design, build, own, and operate these stations, expected to be operational by Q4 2025. The facilities will be supported by long-term fuel supply agreements.

The new stations will collectively dispense approximately 3.85 million gasoline gallons equivalent (GGE) per year, totaling around 40 million GGE over the contract terms. This expansion aligns with OPAL's 'Cleaner, Cheaper, Now' mission, focusing on providing cleaner, more affordable, low-carbon energy solutions in Canada's growing natural gas fueling market.

OPAL Fuels (Nasdaq: OPAL) has scheduled its fourth quarter and full year 2024 financial results announcement for Thursday, March 13, 2025, after market close. The company will host a conference call to discuss the results on Friday, March 14, 2025, at 11:00 a.m. Eastern Time. Investors can access the presentation through a listen-only webcast available on the company's Investor Relations website.

OPAL Fuels (Nasdaq: OPAL) has secured development rights for four new landfill RNG production projects through joint venture partnerships. The company's 50% share represents 1.5 million MMBtu of aggregate annual design capacity. Construction is expected to begin in 2025, with the facilities projected to produce approximately 20 million GGE (Gasoline Gallon Equivalent) annually when fully operational.

The projects aim to contribute to decarbonizing heavy-duty trucking fleets and providing clean energy for homes and businesses, according to Co-CEO Jonathan Maurer.

OPAL Fuels Inc. (Nasdaq: OPAL) has announced the acquisition of the Western Milling fueling station in Visalia, California. The company plans to upgrade the station and sell renewable natural gas (RNG) to Western Milling's transportation business, OHK Transport, as well as other local shippers.

OPAL anticipates supplying RNG to this high-volume station from both its own production facilities and third-party RNG suppliers. The acquisition expands OPAL's RNG dispensing network to meet growing demand for renewable transportation fuels in California.

Adam Comora, co-CEO of OPAL Fuels, highlighted that RNG represents "the best choice as an ultra low-carbon solution that improves their bottom line" as more fleets look to transition from diesel to alternative fuels.

The station is located at 31189 Road 68, Visalia, CA 93291, serving the Central Valley, and is supported by a long-term lease and fuel purchase agreement with potential for additional public volume growth.