The following is a summary of the OPAL Fuels Inc. (OPAL) Q3 2024 Earnings Call Transcript:

Financial Performance:

• OPAL Fuels Inc. reported Q3 2024 financial results with revenue of $84 million, compared to $71.1 million in Q3 2023.

• Adjusted EBITDA for the quarter was approximately $31 million.

• Net income for Q3 2024 was reported at $17.1 million, a significant increase from $0.2 million in Q3 2023.

Business Progress:

• OPAL Fuels has successfully brought 11 RNG projects into operation, with recent additions being the Sapphire and Polk RNG projects, increasing nameplate design capacity to 8.8 million MMBtus.

• Three more projects were placed into construction this year, taking the total to six projects under construction.

Opportunities:

• OPAL Fuels sees opportunities in leveraging the growing demand for RNG and renewable electricity, focusing on markets that utilize these for decarbonizing primary sectors like heavy-duty trucking and electricity generation.

• Anticipates growth through expanding RNG dispensing network, environmental credit sales, and leveraging investment tax credits for additional liquidity.

• Expects potential positive shifts from election results favoring energy policies that promote natural gas and RNG use.

Risks:

• Regulatory and political changes impacting renewable fuel standards and investment tax credits could affect business operations and financial performance.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.