OPAL Fuels (NASDAQ:OPAL) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$84.0m (up 18% from 3Q 2023).
- Net income: US$2.36m (up from US$400.0k loss in 3Q 2023).
- Profit margin: 2.8% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
- EPS: US$0.085 (up from US$0.015 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
OPAL Fuels Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 56%.
Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are down 4.6% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for OPAL Fuels (1 is concerning!) that we have uncovered.
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About NasdaqCM:OPAL
OPAL Fuels
Engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets.
Reasonable growth potential with questionable track record.
