Opal Fuels reports Q4 EPS 11c, consensus 17c

Reports Q4 revenue $87.0M consensus $89.24M. Q4 adjusted EBITDA was $32.0M vs. $20.4M. “OPAL Fuels continues to progress on its strategic and operational goals,” said Co-CEO Jonathan Maurer. “Over the last two years, we have more than doubled RNG production and significantly expanded our fueling station network while continuing to organically grow our project pipeline with industry leading partners. We are pleased with our results as we leverage the benefits of our vertically integrated platform. Q4 and full year 2023 financial and operational results were in-line with our most recent guidance. These results, coupled with achieving strategic initiatives such as closing on our $500; credit facility and advancing industry partnerships, put us in a position to capitalize on favorable industry fundamentals in 2024.”