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 (OPAL) drives innovation in renewable natural gas solutions for heavy-duty transportation and industrial decarbonization. This news center provides stakeholders with authoritative updates on the company's infrastructure projects, operational milestones, and environmental impact initiatives.
Discover official announcements covering RNG production growth, fueling station network expansions, and strategic partnerships within the clean energy sector. Our curated selection enables efficient tracking of OPAL's progress in replacing diesel with sustainable alternatives across commercial fleets and manufacturing operations.
Regular updates include financial performance reports, regulatory compliance developments, and technological advancements in biogas upgrading systems. This resource simplifies monitoring OPAL's integrated approach to renewable energy solutions while maintaining neutral, factual reporting standards.
Bookmark this page for direct access to OPAL Fuels' latest corporate announcements and industry analysis. Stay informed about critical developments in renewable fuel infrastructure through comprehensive coverage of operational achievements and market positioning.
OPAL Fuels Inc. (Nasdaq: OPAL) has announced the opening of its third fueling station in El Centro, CA, in partnership with GT Carriers Inc. This expansion brings their annual fuel supply to 1.7 million GGEs across three fueling stations. The new station, set to begin operations in December, is part of OPAL Fuels' network of over 300 stations across the U.S.
The collaboration aligns with OPAL Fuels' mission of "Cleaner, Cheaper, Now," focusing on delivering cleaner fuel solutions for heavy-duty fleets. These strategically located stations near major Southern California transit routes enable GT Carriers to efficiently transport agricultural products throughout the southwestern United States while reducing carbon emissions and diesel fuel costs.
OPAL Fuels' Fuel Station Services business segment continues to grow, supported by customers like GT Carriers who recognize the benefits of RNG in lowering fuel costs and carbon footprint.
OPAL Fuels Inc. (Nasdaq: OPAL) has announced the sale of approximately $11.1 million of Inflation Reduction Act (IRA) investment tax credits to a subsidiary of Apollo Global Management, Inc. This sale represents OPAL Fuels' stake in the tax credits generated by the Emerald RNG facility, a joint venture 50% owned by OPAL Fuels. The Emerald RNG facility, with a nameplate capacity of 10,000 scfm, is one of the largest landfill RNG facilities in North America.
Jonathan Maurer, Co-CEO of OPAL Fuels, stated that the sale provides additional liquidity to fund strategic growth initiatives. He views the IRA as favorable for the renewable energy industry and an important driver of investment across their project pipeline over the next several years. The transaction marks OPAL Fuels' first IRA tax credit sale, highlighting the company's efforts to capitalize on the benefits provided by the Inflation Reduction Act for renewable fuel projects.
OPAL Fuels Inc. (Nasdaq: OPAL) reported solid Q2 2024 results, maintaining its 2024 financial objectives. Key highlights include:
- Revenue increased 29% to $71.0 million for Q2 2024
- Adjusted EBITDA rose to $18.9 million, driven by growing RNG production and improved margins
- RNG production increased 50% to 0.9 million MMBtu for Q2 2024
- Added Burlington RNG facility to in-construction portfolio, bringing total projects to 16
- Maintaining 2024 Adjusted EBITDA guidance of $90-100 million
- RNG production guidance adjusted to 4.0-4.4 million MMBtu for 2024
- Capex maintained at $230.0 million for 2024
The company remains well-positioned to capitalize on strong market fundamentals for biogenic methane emissions capture and conversion.
South Jersey Industries (SJI) and OPAL Fuels (Nasdaq: OPAL) have commenced construction on a Renewable Natural Gas (RNG) facility at the Burlington County Resource Recovery Complex in Florence Township, NJ. The facility will produce nearly 0.92 million MMBtus of RNG annually, equivalent to approximately 6.5 million gas gallons, using methane from landfill decomposition. OPAL Fuels will distribute the RNG to heavy-duty trucks, reducing emissions and fuel costs. The project aims to displace over 530,000 metric tons of CO2 annually, addressing methane and transportation emissions. This is the second collaboration between SJI and OPAL Fuels to advance renewable energy solutions in New Jersey.
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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