Archaea Energy GAAP EPS of -$0.18, revenue of $77.22M, updates FY guidance

Aug. 16, 2022 7:33 AM ETArchaea Energy Inc. (LFG)By: Deepa Sarvaiya, SA News Editor
  • 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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