OPAL FUELS Reports Robust 2nd Quarter Earnings for FY2023
August 24, 2023
☀️Earnings Overview
On June 30th 2023, OPAL FUELS ($NASDAQ:OPAL) released their financial earnings for the 2nd quarter of FY2023. With total revenue of USD 55.0 million, it was a 3.4% increase compared to the same quarter in the year prior. Net income was also considerably higher than the previous year at USD 20.8 million, up from USD 1.7 million.
Market Price
The company’s stock opened at $7.8 and closed at $7.6, down by 1.3% from the previous closing price of $7.7. Despite the slight decline, OPAL FUELS still reported impressive earnings for the quarter, indicating a strong financial performance. This is a positive sign for the company’s future performance and growth.
Overall, OPAL FUELS reported a strong second quarter financial performance, indicating that the company is well positioned for long-term success. The stock may have declined in value slightly, but this does not reflect a decline in overall performance as the solid financial numbers reveal otherwise. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Opal Fuels. More…
| Total Revenues | Net Income | Net Margin |
| 231.27 | 19.74 | -0.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Opal Fuels. More…
| Operations | Investing | Financing |
| 15.71 | -157.75 | 68.89 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Opal Fuels. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 671.95 | 1.43k | -27.5 |
Key Ratios Snapshot
Some of the financial key ratios for Opal Fuels are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.3% | -15.1% | 63.2% |
| FCF Margin | ROE | ROA |
| -57.6% | -11.6% | 13.6% |
Analysis
GoodWhale has conducted an analysis of OPAL FUELS‘ wellbeing. Our analysis using the Star Chart indicates that the company is strong in terms of growth but only medium when it comes to assets, profitability and dividend. Based on its performance, we have classified OPAL FUELS as a ‘cheetah’ – a type of company that has achieved high revenue or earnings growth, yet is considered less stable due to lower profitability. Given its performance, OPAL FUELS is likely to be of interest to investors with a higher risk tolerance. We have awarded OPAL FUELS an intermediate health score of 5/10 with regard to its cashflows and debt, which suggests that the company is likely to safely ride out any crisis without the risk of bankruptcy. More…
Peers
It competes in the market with companies such as Chesapeake Utilities Corp, UGI Corp, and Sakol Energy PCL. All of these companies provide quality products and services, but OPAL Fuels Inc stands out by offering exceptional customer service and an impressive selection of fuel options.
– Chesapeake Utilities Corp ($NYSE:CPK)
Chesapeake Utilities Corporation is a diversified energy company serving customers in Delaware, Florida, Maryland, New Jersey and Pennsylvania. The company has a market cap of 2.1B as of 2022 and a Return on Equity of 10.49%. This shows that the company is performing well and has managed to create value for its shareholders. Chesapeake Utilities Corporation is primarily engaged in the distribution of natural gas, propane and electricity, as well as other energy-related services. Additionally they provide non-utility services such as contract operations services, energy marketing, HVAC services and other energy-related services.
– UGI Corp ($NYSE:UGI)
UGI Corp is a leading energy and energy services provider. The company has a market capitalization of 7.89 billion as of 2022, which makes it one of the largest and most successful energy companies in the world. UGI Corp’s return on equity (ROE) of 17.89% indicates that the company is able to generate a significant amount of profits from the capital invested by shareholders. This means that shareholders are getting a good return from their investment in the company. UGI Corp provides customers with reliable and cost-effective energy solutions, including natural gas, propane, electricity, and heating and cooling services. The company also offers advanced energy technologies and services to help customers achieve their environmental goals.
– Sakol Energy PCL ($SET:SKE)
Sakol Energy PCL is a Thai energy company focused on power generation, transmission and distribution, coal mining and oil and gas exploration. As of 2022, the company has a market cap of 781.2M, indicating its status as a mid-cap stock. Its Return on Equity (ROE) of 2.75% indicates a strong financial performance, as ROE indicates how well a company is using its equity to generate profits and is generally considered a good measure of a company’s overall financial health.
Summary
OPAL FUELS has seen a 3.4% increase in total revenue for the second quarter of fiscal year 2023, reaching USD 55 million. Investors should note that OPAL FUELS has managed to grow revenue and profitability despite the challenging global economic conditions, thereby demonstrating their resilience and potential for future growth.
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