Archaea Energy (LFG) Misses Q1 EPS by 36c
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Archaea Energy Inc. Reports First Quarter 2022 Results, Reaffirms Full Year 2022 Adjusted EBITDA and Production Guidance, and Increases Estimated Long-Term Annual Earnings Power
May 10, 2022 7:45 AM EDT50 high-quality RNG development projects added to backlog through acquisition of INGENCO and formation of joint venture with Republic Services
Increasing estimated long-term annual earnings power by ~50% to ~$600 million
HOUSTON--(BUSINESS WIRE)-- Archaea Energy Inc. (Archaea, the Company, or we) (NYSE: LFG), an industry-leading renewable natural gas (RNG) company, today announced preliminary1 financial and operating results for the first quarter 2022.
FINANCIAL HIGHLIGHTS
Revenue of $56.9 million and net equity investment income of $1.4 million for the three months ended March 31, 2022. Net loss2 of $33.2 million for... More