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
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
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 the three months ended March 31, 2022.
Adjusted EBITDA3 of $20.6 million for the thr
