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Complete financial analysis of OPAL Fuels Inc. (OPAL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of OPAL Fuels Inc., a leading company in the Regulated Gas industry within the Utilities sector.
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OPAL Fuels Inc. (OPAL)
About OPAL Fuels Inc.
OPAL Fuels Inc. engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel. In addition, it offers design, development, and construction services for hydrogen fueling stations. Further, the company generates and sells renewable power to utilities. As of May 1, 2022, it owned and operated 24 biogas projects. The company was founded in 1998 and is based in White Plains, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 256.11M | 235.53M | 166.12M | 117.71M | 119.70M |
| Cost of Revenue | 183.90M | 172.05M | 115.07M | 90.17M | 90.97M |
| Gross Profit | 72.21M | 63.48M | 51.06M | 27.54M | 28.73M |
| Gross Profit Ratio | 28.19% | 26.95% | 30.74% | 23.40% | 24.00% |
| Research & Development | 4.87M | 6.44M | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 19.95M | 17.51M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 528.00K | 281.00K |
| SG&A | 51.26M | 48.57M | 29.38M | 20.47M | 17.80M |
| Other Expenses | 9.04M | 13.14M | 10.65M | 8.34M | 8.03M |
| Operating Expenses | 65.17M | 61.71M | 40.03M | 28.81M | 25.83M |
| Cost & Expenses | 249.07M | 233.75M | 155.10M | 118.98M | 116.80M |
| Interest Income | 2.93M | 3.28M | 769.00K | 15.00K | 5.00K |
| Interest Expense | 10.66M | 6.64M | 6.82M | 4.85M | 6.25M |
| Depreciation & Amortization | 15.21M | 13.91M | 10.65M | 8.15M | 7.85M |
| EBITDA | 152.89M | 53.13M | 21.68M | -12.19M | 9.03M |
| EBITDA Ratio | 59.70% | 9.89% | 13.72% | 4.06% | 7.24% |
| Operating Income | 7.04M | 9.51M | 11.03M | -3.37M | 814.00K |
| Operating Income Ratio | 2.75% | 4.04% | 6.64% | -2.86% | 0.68% |
| Total Other Income/Expenses | 119.98M | 25.02M | 29.74M | -7.54M | -6.06M |
| Income Before Tax | 127.02M | 32.58M | 40.27M | -25.37M | -5.25M |
| Income Before Tax Ratio | 49.60% | 13.83% | 24.24% | -21.55% | -4.39% |
| Income Tax Expense | 0.00 | 29.19M | 8.35M | 4.55M | 5.94M |
| Net Income | 29.95M | 3.39M | 31.92M | -29.92M | -11.19M |
| Net Income Ratio | 11.69% | 1.44% | 19.21% | -25.42% | -9.34% |
| EPS | 0.70 | 0.13 | 0.22 | -1.19 | -0.44 |
| EPS Diluted | 0.69 | 0.13 | 0.22 | -1.19 | -0.44 |
| Weighted Avg Shares Out | 27.15M | 25.77M | 144.40M | 25.17M | 25.17M |
| Weighted Avg Shares Out (Dil) | 27.49M | 26.06M | 144.40M | 25.17M | 25.17M |
OPAL Fuels Appoints Darrell Birck as Executive Vice President of Biogas
WHITE PLAINS, N.Y.--(BUSINESS WIRE)---- $OPAL--OPAL Fuels Inc. (Nasdaq: OPAL) announced today the appointment of Darrell P. Birck as Executive Vice President of Biogas. The appointment is effective immediately and Darrell will report to Co-CEOs, Adam Comora and Jonathan Maurer. In...
OPAL Fuels: Capitalizing On RNG Growth Amid Regulatory Uncertainties
OPAL Fuels is a vertically integrated RNG producer with significant revenue growth and increased production capacity, despite a 30% YTD stock price decline. The RNG market is projected to grow from $14 billion in 2024 to $24.23 billion by 2031,...
OPAL Fuels Inc. (OPAL) Q3 2024 Earnings Call Transcript
OPAL Fuels Inc. (NASDAQ:OPAL ) Q3 2024 Results Conference Call November 8, 2024 11:00 AM ET Company Participants Todd Firestone - Vice President, Investor Relations Adam Comora - Co-Chief Executive Officer Jonathan Maurer - Co-Chief Executive Officer Scott Contino -...
OPAL Fuels Inc. (OPAL) Q3 Earnings and Revenues Lag Estimates
OPAL Fuels Inc. (OPAL) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to loss of $0.01 per share a year ago.
OPAL Fuels Reports Third Quarter 2024 Results
WHITE PLAINS, N.Y.--(BUSINESS WIRE)---- $OPAL--OPAL Fuels Inc. (“OPAL Fuels” or the “Company”) (Nasdaq: OPAL), a vertically integrated leader in the capture and conversion of biogas into low carbon intensity renewable natural gas (RNG) and renewable power, today announced results for...
OPAL Fuels Begins Construction on California Renewable Natural Gas Production Facility
WHITE PLAINS, N.Y.--(BUSINESS WIRE)---- $OPAL--OPAL Fuels Inc. (Nasdaq: OPAL) announced today that construction has commenced on a new landfill-gas-to-RNG facility at the Kirby Canyon Landfill, located in Santa Clara County, California. The new facility will have an initial annual design...
OPAL Fuels Inc. (OPAL) Reports Next Week: Wall Street Expects Earnings Growth
OPAL FUELS INC (OPAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
OPAL Fuels Begins Commercial Operations of its Polk County Florida RNG Project
WHITE PLAINS, N.Y.--(BUSINESS WIRE)---- $OPAL--OPAL Fuels Inc. (Nasdaq: OPAL) today announced the start of commercial operations at its renewable natural gas (RNG) facility at the Polk County municipal landfill in Jones Corner, Florida, marking the company's eleventh operational RNG project...
OPAL Fuels Announces Third Quarter 2024 Earnings Release Date and Conference Call
WHITE PLAINS, N.Y.--(BUSINESS WIRE)---- $OPAL--OPAL Fuels Inc. (Nasdaq: OPAL), a vertically integrated leader in the capture and conversion of biogas into low carbon intensity renewable natural gas (RNG) and renewable electricity, announced that it will release its earnings results for...
GFL Environmental and OPAL Fuels Begin Commercial Operations of Their Second RNG Facility
WHITE PLAINS, N.Y., Oct. 7, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL") and OPAL Fuels Inc. (Nasdaq: OPAL) today announced their joint venture, Paragon RNG has commenced commercial operations of their new renewable natural gas ("RNG") facility...
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