LFG - Archaea Energy GAAP EPS of -$0.18 revenue of $77.22M updates FY guidance
- Archaea Energy press release ( NYSE: LFG ): Q2 GAAP EPS of -$0.18.
- Revenue of $77.22M (+1405.3% Y/Y).
- Adjusted EBITDA of $30.1M
- Produced and sold 2.04 million MMBtu of RNG for the three months ended June 30, 2022 and 3.58 million MMBtu of RNG for the six months ended June 30, 2022.
- Produced and sold 159 thousand MWh of electricity for the three months ended June 30, 2022 and 324 thousand MWh of electricity for the six months ended June 30, 2022.
- Increased full year 2022 Adjusted EBITDA guidance range to $132.5 million – $147.5 million from $125M-$145M.
- Increased full year 2022 capital expenditures (excluding acquisition costs) guidance range to $325 million – $365 million, from $255 million – $285 million previously, to begin development on recent additions to the Company’s development backlog.
- Reaffirmed full year 2022 electricity production sold guidance of 850 thousand – 950 thousand MWh.
- Updated full year 2022 RNG production sold guidance range to 10.4 million – 11.4 million MMBtu.
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Archaea Energy GAAP EPS of -$0.18, revenue of $77.22M, updates FY guidance