Fuel Station Service Segment EBITDA Growth
The 2024 fuel station service segment EBITDA was $40.2 million, 76% higher versus 2023, and within the guidance set out for the segment last March.
RNG Fuel Production Increase
RNG fuel production for 2024 was 3.8 million MMBtus, up 41% versus 2023. Although slightly behind guidance, it demonstrates significant production growth.
Expansion of RNG Projects
OPAL Fuels brought online three large landfill RNG projects in 2024, totaling 3.8 million MMBtus of annual design capacity, increasing from two to eleven operating facilities since 2022.
2025 Growth Projections
2025 RNG production is expected to range from 5.0 to 5.4 million MMBtus, a 30% to 40% increase over 2024, with adjusted EBITDA expected to range from $90 million to $110 million.