OPAL News & Events

"Our annual design capacity is now at 9.1 million MMBtu across twelve operating projects, our vertical integration with the marketing and distribution of RNG and CNG as a transportation fuel continues to contribute to our growth," said co-CEO Jonathan Maurer. "We are building an energy infrastructure platform to address heavy-duty transportation, historically a hard to de-carbonize sector. At present, RNG and CNG are the most attractive alternatives to replace diesel for the Class 8 trucking market. We are positioned to lead faster adoption in this market which is building long-term and sustainable intrinsic value for OPAL shareholders."

Reports Q3 revenue $83.26M, consensus $91.39M. "Third quarter results were in line with our expectations," said Adam Comora, co-CEO of Opal Fuels. "RNG production continues to increase, up 8% sequentially and 30% when compared to the third quarter of 2024. We are pleased operationally with the progress made in the third quarter and we expect full year results to be within our 2025 guidance range, despite a lower D3 RIN price environment. We continue to execute on our strategic growth objectives having placed our Atlantic RNG Project online last month and today announce our CMS RNG Project in North Carolina has entered construction representing 1.0 million MMBtu of annual design capacity net to OPAL Fuels. We continue to see a positive policy environment where RNG receives bipartisan support. In the quarter, we completed our fourth sale of IRA Investment Tax Credits with aggregate total gross sale proceeds greater than $40 million this year and expect to begin recognizing 45Z production tax credits in the fourth quarter."