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May 20, 2026·SEC
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May 11, 2026·SEC
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Apr 28, 2026·SEC
OPAL Fuels Inc.(OPAL)Earnings, Financials & Key Ratios
OPAL•NASDAQ•Utilities
$2.07
13.8× P/E·Price updated Jul 7, 2026
AboutOPAL Fuels Inc. engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel. In addition, it offers design, development, and construction services for hydrogen fueling stations. Further, the company generates and sells renewable power to utilities. As of May 1, 2022, it owned and operated 24 biogas projects. The company was founded in 1998 and is based in White Plains, New York.Show more
- Revenue$349M+16.4%
- EBITDA$28M-28.5%
- Net Income$15M+33.7%
- Free Cash Flow-$34M+63.7%
- EBITDA Margin8.06%-38.6%
- Net Margin4.23%+14.9%
- ROE3.06%+28.1%
- Interest Coverage0.18-83.3%
- Debt/Equity0.71+5.9%
OPAL Price & Volume
OPAL Fuels Inc. (OPAL) stock price & volume — 10-year historical chart
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Volatile RNG Infrastructure Scaling Masks Earnings Instability
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Mixed
Cash Flow:Burning
Primary Risk:Environmental credit price volatility
Key Thesis Takeaways
- OPAL Fuels is currently navigating a capital-intensive expansion phase, with net property, plant, and equipment growing to $512.5 million as of 2026Q1, yet the company struggles to translate this asset base into consistent operating income.
- The firm's reliance on volatile environmental credit markets creates significant earnings uncertainty, as evidenced by the 14.8% revenue decline in 2026Q1.
- Investors should remain cautious given the structural dependence on external debt to fund operations and the persistent difficulty in maintaining positive operating margins, which reached -3.5% in the most recent quarter.
Verdict Logic
the company's inability to generate consistent free cash flow, highlighted by a negative $11.5 million FCF in 2026Q1, suggests that the current 17.1% dividend yield may be unsustainable.
OPAL Growth Metrics
OPAL Fuels Inc. (OPAL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years24.29%
3 Years14.01%
TTM4.03%
Profit CAGR
10 Years-
5 Years-
3 Years9.22%
TTM73.36%
EPS CAGR
10 Years-
5 Years-
3 Years4.89%
TTM153.09%
Return on Capital
10 Years-0.19%
5 Years2.56%
3 Years1.57%
Last Year0.6%
OPAL Recent Earnings
OPAL Fuels Inc. (OPAL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (8%)●Beat Revenue 2/12 qtrs (17%)
Q2 2026Latest
May 11, 2026Metric
Actual
Est
EPS
$0.09-228.6%
$0.07
Rev
$73M-21.8%
$94M
Q2 2026
Mar 16, 2026Metric
Actual
Est
EPS
$0.08-13.8%
$0.09
Rev
$100M+5.7%
$94M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.05-86.8%
$0.38
Rev
$83M-15.6%
$99M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.03-76.9%
$0.13
Rev
$78M-8.8%
$85M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $0.09vs $0.07-228.6% | $73Mvs $94M-21.8% |
| Q2 2026 | Mar 16, 2026 | $0.08vs $0.09-13.8% | $100Mvs $94M+5.7% |
| Q4 2025 | Nov 6, 2025 | $0.05vs $0.38-86.8% | $83Mvs $99M-15.6% |
| Q3 2025 | Aug 7, 2025 | $0.03vs $0.13-76.9% | $78Mvs $85M-8.8% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for OPAL Fuels Inc. (OPAL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $2.07 | $60.03M | 13.80 | 16.37% | 4.23% | 3.06% | 17.29% | |
| $2.13 | $469.08M | -2.11 | 2.56% | -22.65% | -17.17% | — | |
| $15.80 | $1.11B | -8.78 | -14.93% | -0.79% | -2.01% | — | |
| $1.46 | $355.38M | -10.43 | 849.33% | -19.38% | -7.19% | — | |
| $46.08 | $1.52B | 18.43 | 1.24% | 14.13% | 13.67% | — | |
| $1.77 | $120.62M | -1.38 | -22.29% | -35.43% | — | — |
Compare OPAL vs Peers
OPAL Fuels Inc. (OPAL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
OPAL SEC Filings & Documents
OPAL Fuels Inc. (OPAL) SEC filings — annual & quarterly reports (10-K, 10-Q)
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OPAL Frequently Asked Questions
OPAL Fuels Inc. (OPAL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is OPAL Fuels Inc.'s revenue?
OPAL Fuels Inc. (OPAL) reported $334.7M in revenue for fiscal year 2025. This represents a 180% increase from $119.7M in 2019.
How fast is OPAL Fuels Inc. growing?
OPAL Fuels Inc. (OPAL) grew revenue by 16.4% over the past year. This is strong growth.
Is OPAL profitable?
Yes, OPAL Fuels Inc. (OPAL) is profitable, generating $19.3M in net income for fiscal year 2025 (4.2% net margin).
Dividend & Returns
Does OPAL pay dividends?
Yes, OPAL Fuels Inc. (OPAL) pays a dividend with a yield of 17.29%. This makes it attractive for income-focused investors.
What is OPAL's return on equity?
OPAL Fuels Inc. (OPAL) has a return on equity (ROE) of 3.1%. This is below average, suggesting room for improvement.
What is OPAL Fuels Inc.'s free cash flow?
OPAL Fuels Inc. (OPAL) had negative free cash flow of $58.6M in fiscal year 2025, likely due to heavy capital investments.