OPAL Fuels Inc. Stock Price, News & Analysis

OPAL Fuels announced its financial results for 2022, reporting a revenue of $235.5 million, a 42% increase from 2021, and a net income of $32.6 million. The company achieved a 38% growth in renewable natural gas (RNG) production, with expectations for over 50% growth in 2023. The Advanced Development Pipeline now includes 8.3 million MMBtu across 19 projects. OPAL Fuels anticipates a full-year Adjusted EBITDA between $85 and $95 million in 2023, driven by a projected RNG production of 3.2 million to 3.6 million MMBtu. The company expects benefits from the Inflation Reduction Act and outlined upcoming projects in their pipeline.

OPAL Fuels Inc. (Nasdaq: OPAL) will announce its fourth quarter and full year earnings results for the period ending December 31, 2022 post-market on March 27, 2023. A conference call is scheduled for March 28, 2023, at 11:00 a.m. Eastern Time. Investors can access the audio-only connection and presentation via the Investor Relations website. OPAL Fuels specializes in renewable natural gas (RNG) production and distribution, targeting the heavy-duty truck sector, while focusing on reducing methane emissions.

OPAL Fuels has launched Florida’s first renewable natural gas (RNG) facility at the New River Solid Waste Association landfill in Raiford. This facility is set to produce around 5 million gasoline gallon equivalents (GGE) of RNG annually, significantly reducing greenhouse gas emissions. The RNG will supply OPAL’s transportation clients through the Peoples Gas distribution system, enhancing cost-effective and low-emission fuel access. This project is expected to create new jobs and revenue streams while promoting sustainable waste management in Florida.

OPAL Fuels Inc. (NASDAQ: OPAL) has successfully completed its exchange offer and consent solicitation involving public and private placement warrants. The company issued approximately 3,310,189 shares of Class A common stock in exchange for these warrants, which will lead to the public warrants being delisted from Nasdaq. Following the exchange, the total number of outstanding Class A shares will increase by about 14.8%, totaling approximately 29,477,870 shares. This transaction is part of OPAL Fuels' strategy to enhance its capital structure within the renewable natural gas sector.

OPAL Fuels Inc. (Nasdaq: OPAL) announced the results of its recent exchange offer and consent solicitation concerning its public and private placement warrants. The offer ended on December 16, 2022, with 85.7% of outstanding warrants validly tendered. The company plans to simplify its capital structure by exchanging the warrants for shares at a reduced ratio, leading to the delisting of public warrants from Nasdaq. Approximately 29.5 million shares of Class A common stock will be outstanding post-exchange, marking a 14.8% increase.