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Opal Fuels Inc (OPAL) Q3 2025 earnings call highlights strategic growth, strong liquidity, and a challenging RIN price environment. RNG production increased by 30% YoY to 1.3 million MMBtus, with the Atlantic Project online and CMS RNG project in North Carolina expected to meet 2.0 million MMBtu target. Adjusted EBITDA was $19.5 million, down from $31.1 million YoY due to lower RIN prices. The company maintains $184 million in total liquidity, supporting ongoing projects.

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