Welcome to our dedicated page for OPAL Fuels news (Ticker: OPAL), a resource for investors and traders seeking the latest updates and insights on OPAL Fuels stock.
OPAL Fuels Inc. reports developments in renewable natural gas, renewable electricity and fleet fueling infrastructure. The company captures and converts biogas into low-carbon-intensity RNG, markets and distributes RNG to heavy-duty trucking and other hard-to-decarbonize industrial sectors, and develops, operates and services natural gas fueling stations.
Recurring news covers financial and operating results, RNG facility production, environmental credit pricing, IRA investment tax credit and Section 45Z credit monetization, preferred financing activity, and project updates across its upstream RNG platform and downstream fleet-fueling business.
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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.