Opal Fuels Inc. ( (OPAL) ) has released its Q1 earnings. Here is a breakdown of the information Opal Fuels Inc. presented to its investors.
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Opal Fuels Inc. is a company specializing in the capture and conversion of biogas into renewable natural gas (RNG) and renewable power, primarily serving the heavy-duty trucking and industrial sectors. In its first-quarter 2025 earnings report, Opal Fuels reported a 31% increase in revenue, reaching $85.4 million, and a net income of $1.3 million, reflecting a solid performance in line with expectations. The company highlighted the successful ramp-up of two RNG facilities and the completion of a significant investment tax credit sale. Key financial metrics included a 38% increase in RNG production and a 16% rise in fuel station services. The company maintained its full-year guidance, indicating confidence in its strategic execution and market position. Looking ahead, Opal Fuels remains focused on disciplined growth and shareholder value creation, with several projects on track for future operations.