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Opal Fuels Inc. (OPAL)
:OPAL
US Market
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OPAL Fuels (OPAL) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Mar 31, 2025
TBA Not Confirmed
Period Ending
2024 (Q4)
Consensus EPS Forecast
0.18
Last Year’s EPS
0.11
Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:Nov 14, 2022
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% Change Since: -18.18%
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Next Earnings Date:Aug 10, 2022
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with significant growth in project capacity, financial performance, and production metrics. While there are regulatory challenges in the European market and a slight decline in renewable power revenue, these are outweighed by strong revenue and income growth, successful project commissioning, and strategic positioning in the RNG market.
Company Guidance
During the third quarter of 2024 earnings call for OPAL Fuels, the company provided guidance indicating strong performance and future growth. The company's RNG production reached 1.0 million MMBtus, marking a 40% year-over-year increase. With 11 RNG projects operational, including new additions Sapphire and Polk, OPAL Fuels increased its nameplate design capacity to 8.8 million MMBtus. Financially, the company reported an adjusted EBITDA of $31 million and a net income of $17.1 million, a significant rise from $0.2 million in the previous year, driven by enhanced contributions from RNG projects and environmental credit sales. Revenue for the quarter was $84 million, compared to $71.1 million in Q3 2023. The company maintains its guidance for the full year, supported by its strategic focus on vertically integrated operations and ongoing RNG project developments. OPAL Fuels also completed the first monetization of ITC credits, netting $8.6 million. The executives highlighted the bipartisan support for RNG and its potential role in energy policy, emphasizing RNG's advantages as a renewable fuel. Looking forward, OPAL Fuels remains optimistic about meeting its growth objectives and leveraging market opportunities.
Commissioning of New RNG Projects
OPAL Fuels has successfully commissioned the Sapphire and Polk RNG projects, bringing their total to 11 RNG projects in operation with a design capacity of 8.8 million MMBtus, a 3.6 million increase this year.
Strong Financial Performance
Adjusted EBITDA for the quarter was approximately $31 million, up from $16.5 million in Q3 2023, with significant contributions from environmental credit sales and fuel station services.
Revenue Growth
Revenue in the third quarter was $84 million, an increase from $71.1 million in Q3 2023, primarily driven by increased production and timing of environmental credit sales.
Net Income Surge
Net income for the third quarter was $17.1 million, a significant increase from $0.2 million in Q3 2023, driven by growth in fuel station services and sale of investment tax credits.
RNG Production Increase
RNG production was 1.0 million MMBtus for Q3 2024, a 40% year-over-year increase.
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OPAL Fuels (OPAL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

OPAL Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Aug 10, 20222022 (Q2)
0.02 / 0.02
-0.063131.75% (+0.08)
Nov 14, 20222022 (Q3)
0.05 / -0.06
0.045-233.33% (-0.10)
Mar 27, 20232022 (Q4)
0.00 / 0.40
-0.068692.65% (+0.47)
May 10, 20232023 (Q1)
-0.06 / -0.06
0.05-220.00% (-0.11)
Aug 09, 20232023 (Q2)
0.03 / -0.06
0.02-400.00% (-0.08)
Nov 13, 20232023 (Q3)
0.06 / -0.01
-0.0683.33% (+0.05)
Mar 13, 20242023 (Q4)
0.19 / 0.11
0.403-72.70% (-0.29)
May 09, 20242024 (Q1)
0.03 / -0.01
-0.0683.33% (+0.05)
Aug 07, 20242024 (Q2)
0.09 / -0.01
-0.0683.33% (+0.05)
Nov 07, 20242024 (Q3)
0.19 / 0.09
-0.011000.00% (+0.10)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OPAL Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 07, 2024$3.85$3.850.00%
Aug 07, 2024$3.66$3.68+0.55%
May 09, 2024$5.00$5.07+1.40%
Mar 13, 2024$4.91$4.84-1.43%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ

When does Opal Fuels Inc. (OPAL) report earnings?
Opal Fuels Inc. (OPAL) is schdueled to report earning on Mar 31, 2025, TBA Not Confirmed.
    What is Opal Fuels Inc. (OPAL) earnings time?
    Opal Fuels Inc. (OPAL) earnings time is at Mar 31, 2025, TBA Not Confirmed.
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is OPAL EPS forecast?
          OPAL EPS forecast for the fiscal quarter 2024 (Q4) is 0.18.
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