Core Viewpoint - OPAL Fuels Inc. is experiencing a positive trend in earnings estimates, which is likely to drive its stock price higher [1][2]. Earnings Estimates - Current quarter earnings are projected at $0.44 per share, reflecting a 300% increase from the previous year [4]. - The Zacks Consensus Estimate for the current quarter has risen by 195.24% over the last 30 days, with one estimate increasing and no negative revisions [4]. - For the full year, earnings are expected to be $0.80 per share, indicating a 15.94% increase from the prior year [5]. - The consensus estimate for the current year has increased by 37.68%, with one estimate moving higher and no negative revisions [5]. Zacks Rank - OPAL Fuels Inc. holds a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which historically correlate with stock performance [6]. - Stocks with Zacks Rank 1 and 2 have shown significant outperformance compared to the S&P 500 [6]. Stock Performance - OPAL Fuels Inc. shares have increased by 5.4% over the past four weeks, indicating investor confidence in its earnings growth prospects [7].

Core Viewpoint - OPAL Fuels Inc. has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in buying or selling pressure that affects stock prices [4]. Company Performance Indicators - OPAL Fuels Inc. is projected to earn $0.75 per share for the fiscal year ending December 2024, reflecting an 8.7% year-over-year increase [8]. - Over the past three months, the Zacks Consensus Estimate for OPAL has risen by 0.6%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 20% receiving a 'Strong Buy' or 'Buy' rating [9][10]. - OPAL Fuels Inc.'s upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

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Project Operations and Capacity - As of September 30, 2024, the company owned and operated 25 projects, including 10 RNG projects with a design capacity of 7.8 million MMBtus per year and 15 Renewable Power projects with a nameplate capacity of 105.8 MW per hour[185]. - The company is actively pursuing expansion of its RNG-generating capacity, with a portfolio of projects in construction and development, including six Renewable Power projects considered for conversion to RNG[185]. - The company has a total of 7,765,807 MMBtus of RNG projects in operation as of September 30, 2024[208]. - The company has 3,027,569 MMBtus of RNG projects currently under construction, with expected commercial operation dates in 2024 and 2025[208]. - The company's landfill RNG facility design capacity rose to 1.7 million MMBtus for the three months ended September 30, 2024, up from 1.0 million MMBtus in 2023, a 70% increase[204]. - The company expects inlet design capacity utilization to remain in the range of 75-85% over the next several years[204]. Revenue and Financial Performance - Total revenues for the three months ended September 30, 2024, reached $84.0 million, an increase of $12.9 million or 18% compared to $71.1 million in the same period of 2023[217]. - Revenue from RNG Fuel increased by $5.8 million or 29% for the three months ended September 30, 2024, compared to the same period in 2023, primarily due to higher sales volumes and pricing of RINs and LCFSs[218]. - Revenue from Fuel Station Services increased by $8.1 million or 22% for the three months ended September 30, 2024, driven by higher volumes and pricing in RIN and LCFS services[219]. - Revenue from Renewable Power decreased by $0.9 million or 7% for the three months ended September 30, 2024, primarily due to the conversion of two facilities into RNG facilities[222]. - Operating income for the three months ended September 30, 2024, was $12.3 million, a significant increase of $8.7 million or 242% compared to $3.6 million in the same period of 2023[217]. - Net income for the three months ended September 30, 2024, was $17.1 million, a substantial increase of $16.9 million compared to $0.2 million in the same period of 2023[217]. - The company reported a net income attributable to Class A common stockholders of $2.4 million for the three months ended September 30, 2024, compared to a loss of $0.4 million in the same period of 2023[217]. Costs and Expenses - Total expenses for the three months ended September 30, 2024, were $71.7 million, an increase of $4.2 million or 6% compared to $67.5 million in the same period of 2023[217]. - Cost of sales from RNG Fuel increased by $1.7 million or 21% for the three months ended September 30, 2024, primarily due to the Prince William facility coming online[223]. - Cost of sales from Fuel Station Services increased by $1.7 million or 5% for the three months ended September 30, 2024, mainly due to higher dispensing fees[224]. - Cost of sales from Renewable Power decreased by $3.3 million, or 30%, for the three months ended September 30, 2024 compared to the same period in 2023[225]. - Project development and startup costs increased by $5.8 million, or 598%, for the three months ended September 30, 2024 compared to the same period in 2023[227]. - Interest and financing expenses, net increased by $2.1 million, or 74%, for the three months ended September 30, 2024 compared to the same period in 2023[228]. Cash Flow and Capital Expenditures - Net cash provided by operating activities for the nine months ended September 30, 2024 was $31.9 million, an increase of $27.1 million compared to the same period in 2023[239]. - Net cash used in investing activities for the nine months ended September 30, 2024 was $86.5 million, an increase of $41.6 million compared to the same period in 2023[240]. - Net cash provided by financing activities for the nine months ended September 30, 2024 was $31.6 million, an increase of $47.1 million compared to the net cash used in financing activities for the same period in 2023[241]. - The company anticipates spending approximately $208.8 million in capital expenditures over the next 12 months for projects and fuel stations currently under construction[242]. - The capital expenditures primarily relate to the development and construction of new renewable energy facilities and the purchase of equipment for Fueling Station services and Renewable Power operations[242]. Regulatory and Market Influences - Demand for the company's RNG and associated Environmental Attributes is influenced by U.S. federal and state energy regulations, with transportation generating approximately 30% of overall CO₂ emissions in the U.S.[190]. - The company anticipates that regulatory changes in the European Union regarding ISCC Carbon Credits will lead to the termination of contracts governing sales of these credits by November 21, 2024[190]. - The Inflation Reduction Act, signed into law in August 2022, invests nearly $369 billion in energy and climate policies, which is viewed as favorable for the renewable energy industry, although uncertainties remain regarding its applicability to the company's projects[194]. - The company has completed applications for registration under the Biogas Regulatory Reform Rule, which requires compliance by January 1, 2025, for RIN generation from biogas[193]. - The company is exposed to commodity prices of natural gas and diesel, which can impact the demand for RNG[190]. Customer Concentration - Customer A accounted for 43% of consolidated revenues for the three months ended September 30, 2024, up from 24% in 2023[202].

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 - Interim Chief Financial Officer Conference Call Participants Matthew Blair - TPH Alex Kania - Marathon Capital Ryan Pfingst - B. Riley Craig Shere - Tuohy Brothers Paul Cheng - Scotiabank Adam Bubes - Goldman Sachs Operator Good morning, and welc ...

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]

FOR IMMEDIATE RELEASE OPAL Fuels Reports Third Quarter 2024 Results WHITE PLAINS, N.Y. – (November 7, 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 power, today announced results for the three and nine months ended September 30, 2024. "Our third quarter results were strong and provide momentum for this year and next," said Adam Comora, CoCEO. "W ...

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 at the Sampson County Landfill. The landfill, owned and operated by a subsidiary of GFL, is located in Roseboro, North Carolina. The plant is producing and injecting pipeline quality RNG. EPA registrations have been filed for the project ...

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 June 30, 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 (S ...

OPAL Fuels Inc. (NASDAQ:OPAL) Q2 2024 Earnings Conference Call August 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 - Interim Chief Financial Officer Conference Call Participants Matthew Blair - TPH Paul Cheng - Scotiabank Ryan Pfingst - B. Riley Adam Bubes - Goldman Sachs Alex Kania - Marathon Capital Thomas Meric - Janney Montgomery Scott Operator Good morning ...