Core Viewpoint - OPAL Fuels Inc. reported quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.18 per share, and compared to a loss of $0.01 per share a year ago, indicating a significant earnings surprise of -50% [1][2] Financial Performance - The company posted revenues of $84.05 million for the quarter ended September 2024, which was 5.35% below the Zacks Consensus Estimate and an increase from $71.1 million in the same quarter last year [2] - Over the last four quarters, OPAL Fuels has only surpassed consensus EPS estimates once [2] Stock Performance - OPAL Fuels shares have declined approximately 30.3% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The current Zacks Rank for OPAL Fuels is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.26 on revenues of $95.66 million, and for the current fiscal year, it is $0.75 on revenues of $324.41 million [7] - The trend for estimate revisions ahead of the earnings release was unfavorable, which may impact future stock performance [6] Industry Context - The Alternative Energy - Other industry, to which OPAL Fuels belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [8]

FUELS Renewable Natural Gas Fuel for Vehicles AUGUST 2024 Second Quarter 2024 Investor Presentation Disclaimer 1 For the purposes of this notice, the "presentation" that follows shall mean and include the slides that follow, the oral presentation of the slides by members of management of OPAL Fuels Inc. (the "Company" or "OPAL Fuels") or any person on their behalf and the question-and-answer session that follows that oral presentation. By reading the presentation slides, you will be deemed to have (i) agree ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q1 2024 was approximately $15 million, compared to a negative $1.6 million in Q1 2023, driven by improved revenue from environmental credit sales and production growth from the Emerald RNG project [20][44] - Net income for Q1 2024 was approximately $0.7 million, a significant improvement from a net loss of $7.3 million in Q1 2023, primarily due to increased revenues from environmental credit sales [28] - Revenue in Q1 2024 was $65 million, up from $43 million in Q1 2023, with the increase attributed to the timing and pricing of environmental credit sales [43] Business Line Data and Key Metrics Changes - RNG Fuel segment revenues were $17.7 million in Q1 2024, compared to $6.7 million in Q1 2023, primarily due to higher RIN sales and production growth [29] - Renewable Power revenues decreased to $10.1 million in Q1 2024 from $15.4 million in Q1 2023, mainly due to the Emerald RNG project using gas previously allocated for renewable power [30] - Fuel Station Services segment revenues increased to $37.1 million in Q1 2024 from $20.8 million in Q1 2023, reflecting higher utilization of dispensing capacity and new OPAL-owned fueling stations [45] Market Data and Key Metrics Changes - RNG production increased to 0.8 million MMBtu in Q1 2024 from 0.6 million MMBtu in Q1 2023, largely due to the Emerald RNG project's contribution [11] - The company expects to exit 2024 with 8.8 million MMBtu of annual design capacity in operation, up from 5.2 million MMBtu at the end of 2023 [10] Company Strategy and Development Direction - The company is focused on vertical integration to capitalize on supportive market fundamentals for D3 RINs, benefiting both the RNG Fuel business and Fuel Station Services [7] - OPAL Fuels announced the commencement of construction on its 15th RNG project at the Cottonwood landfill, aiming to meet or exceed a target of $2 million annual MMBtu for new RNG projects entering construction this year [8] - The company is exploring opportunities to capture and convert biogas from various feedstocks as an extension of its core business [13] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the IRS clarifying ITC eligibility for landfill gas to RNG projects, which could enhance financial performance [22] - The company remains confident in meeting its full-year guidance, supported by visibility into RNG production growth from new projects and continued growth from operating projects [24] - Management highlighted the importance of capturing methane emissions from organic waste and converting them into low-carbon energy products, positioning OPAL Fuels as a leader in this space [23] Other Important Information - As of March 31, 2024, the company had liquidity of approximately $334 million, consisting of $300 million available under the credit facility and $34 million in cash and short-term investments [47] - Capital expenditures for Q1 2024 were approximately $37.7 million, in line with the company's full-year guidance [46] Q&A Session Summary Question: Guidance on adjusted EBITDA for 2024 - Management confirmed comfort with the 2024 guidance based on visibility to production growth and forward sales of RINs, which derisks revenue [51] Question: Insights on project pipeline and execution - Management noted that lessons learned from previous projects contribute to confidence in upcoming projects, with a focus on proven designs [55] Question: Updates on major projects and their success - Management emphasized the importance of applying lessons from past projects to ensure timely and successful startups of Sapphire and Polk [57] Question: Thoughts on M&A and market valuations - Management indicated a focus on organic growth and vertical integration, while remaining open to M&A opportunities that could enhance shareholder value [80][94] Question: Clarification on RIN production and certification - Management explained that RIN credits from new projects will be available for sale after production, with specific timelines for certification [86] Question: Updates on dairy projects and strategic opportunities - Management provided an update on ongoing disputes with EPC contractors for dairy projects and expressed optimism about expanding into other agricultural waste opportunities [116]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ____________ Commission File Number: 001-40272 OPAL FUELS INC. (Exact name of registrant as specified in its charter) Delaware 98-1578357 ( ...

(1) Design capacity is the annual design output for each facility and may not reflect actual production from the projects, which depends on many variables including, but not limited to, quantity and quality of the biogas, operational up-time of the facility, and actual productivity of the facility. Quantities shown reflect OPAL Fuels' proportionate ownership. 9 Overview of Business Segments Leading vertically integrated biomethane energy company | --- | --- | --- | --- | |----------------------------------- ...

OPAL Fuels Inc. (OPAL) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.02. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -150%. A quarter ago, it was expected that this company would post earnings of $0.22 per share when it actually produced earnings of $0.11, delivering a surprise of -50%.Over the last four quarters, the company has not been able to ...

FOR IMMEDIATE RELEASE OPAL Fuels Reports First Quarter 2024 Results WHITE PLAINS, N.Y. – (May 9, 2024) – 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 electricity, today announced financial and operating results for the three months ended March 31, 2024. "First quarter financial and operational results reflect the strength of our integrated business mod ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ____________ Commission file number 001-40272 OPAL FUELS INC. (Exact name of registrant as specified in its charter) Delaware 98-1578357 (State ...

OPAL Fuels Reports Fourth Quarter and Full Year 2023 Results WHITE PLAINS, N.Y. – (March 13, 2024) – 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 electricity, today announced financial and operating results for the three and twelve months ended December 31, 2023. "OPAL Fuels continues to progress on its strategic and operational goals" said Co-CEO Jona ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ____________ Commission File Number: 001-40272 OPAL FUELS INC. (Exact name of registrant as specified in its charter) (State or other j ...