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OPAL Fuels Inc (symbol: OPAL) is a nationwide leader in the production and distribution of low-carbon intensity renewable natural gas (RNG). The company is heavily involved in marketing and distributing RNG to sectors such as heavy-duty trucking and other industries that are challenging to de-carbonize. OPAL Fuels designs, develops, constructs, operates, and services fueling stations across the United States, helping fleets transition from diesel to natural gas transportation fuel, thus significantly reducing their carbon footprint.
OPAL Fuels generates revenue through multiple channels. These include the sale of renewable power, the design and construction of fueling stations, and the sales of RNG. The RNG sold by OPAL Fuels is produced both in-house and by third parties, ensuring it meets pipeline-quality standards.
Recent achievements for the company include expanding its network of fueling stations and forming strategic partnerships to enhance its distribution capabilities. Their integrated approach to the RNG market, from production to end-use distribution, positions them as a key player in the renewable energy sector.
By utilizing RNG, OPAL Fuels not only supports the growing demand for cleaner energy alternatives but also contributes to the reduction of greenhouse gas emissions. The company's ongoing projects and partnerships underline its commitment to driving sustainable energy solutions forward.
OPAL Fuels Inc. (Nasdaq: OPAL), a leader in biogas capture and conversion to renewable natural gas (RNG) and renewable electricity, has announced its second quarter 2024 earnings release schedule. The company will disclose its financial results for the quarter ending June 30, 2024, after the market closes on Wednesday, August 7, 2024. A conference call is scheduled for Thursday, August 8, 2024, at 11:00 a.m. Eastern Time. Investors can access a listen-only connection to the presentation via a provided link or through the company's Investor Relations website.
OPAL Fuels Inc. (NASDAQ: OPAL) reports robust financial and operational results for Q1 2024. Revenue up by 51% to $65.0 million, net income at $0.7 million vs. a net loss of $7.3 million year-on-year. Adjusted EBITDA at $15.2 million, a significant increase compared to the prior year. Operational highlights include 0.8 million MMBtu of RNG produced, 16.4 million GGEs of RNG sold as transportation fuel, and 35.0 million GGEs of transportation fuel dispensed. Construction projects progressing well with new RNG facilities coming online. Liquidity is strong at $334.0 million. Earnings call scheduled for May 10, 2023, at 11:00 AM EDT.
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