OPAL Fuels Third Quarter 2024 Earnings: Misses Expectations

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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