NASDAQ$OPAL
Opal Fuels Inc-A · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported strong third quarter results driven by strategic execution and favorable market conditions.
Opal Fuels reported strong Q3 2024 results with revenue of $84.0 million and net income of $17.1 million. The company successfully brought online three landfill RNG facilities, began construction on three new landfill RNG projects, and grew its downstream business. They are maintaining their current guidance.
- Revenue increased by 18% to $84.0 million compared to the same period last year.
- Net income was $17.1 million, a significant increase from $0.2 million in the prior year.
- Adjusted EBITDA increased to $31.1 million, up from $16.5 million in the same period last year.
- RNG sold as transportation fuel increased by 80% to 19.6 million GGEs.
Headline financials
Revenue & EPS history
Opal Fuels · Revenue · Quarterly
$84M
Revenue by segment
Opal Fuels · $71.1M total across 3 segments · Q3 2023
- Fuel Station Services$37.3M—52.5%
- RNG Fuel$20.1M—28.3%
- Renewable Power$13.7M—19.3%
Forward guidance
The company is maintaining its current guidance.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 14 quarterly earnings reports · overlaid with Q3 2024
-1.1%
Avg return
Earnings day
-3.6%
Avg return
5 days after
-1.7%
Avg return
30 days after
40%
6 / 15 earnings
Positive
+30.3%
Q4 2025
Best reaction
-12.9%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.5% | -14.5% | -14.5% | |
| Q4 2025 | +30.3% | -3.7% | +15.0% | |
| Q3 2025 | +4.0% | +13.1% | +30.2% | |
| Q1 2025 | -7.5% | -6.6% | +33.2% | |
| Q4 2024 | -12.9% | -7.2% | -26.4% | |
| Q3 2024 | +0.0% | -3.9% | -4.7% | |
| Q2 2024 | -2.4% | -9.0% | -14.9% | |
| Q1 2024 | +2.4% | -1.0% | -7.3% | |
| Q4 2023 | +1.9% | +1.5% | +0.4% | |
| Q3 2023 | +0.9% | +7.0% | +0.3% | |
| Q2 2023 | -5.1% | -4.0% | -9.5% | |
| Q1 2023 | +0.5% | +0.0% | -5.0% | |
| Q4 2022 | -3.4% | -1.3% | +7.5% | |
| Q3 2022 | -10.4% | -12.4% | -16.5% | |
| Q2 2022 | -10.9% | -12.2% | -12.9% |
Discussion
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