OPAL Fuels First Quarter 2024 Earnings: US$0.012 loss per share (vs US$0.058 loss in 1Q 2023)
OPAL Fuels (NASDAQ:OPAL) First Quarter 2024 Results
Key Financial Results
Revenue: US$65.0m (up 51% from 1Q 2023).
Net loss: US$316.0k (loss narrowed by 80% from 1Q 2023).
US$0.012 loss per share (improved from US$0.058 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
OPAL Fuels Earnings Insights
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are up 3.5% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on OPAL Fuels' balance sheet.
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