Archaea Energy (LFG) Misses Q1 EPS by 36c

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Go back to Archaea Energy (LFG) Misses Q1 EPS by 36c

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 EDT

50 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