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OPAL Fuels(NASDAQ) OPAL

Current Price$2.23
Market Cap$67.09MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2021)-77%
5 Year-78%
1 Year-14%
1 Month+10%
OPAL Fuels last closing stock price
MetricPriceDate
Last closeUSD 2.212026-07-24
OPAL Fuels stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-12.65%USD 2.532026-07-17
1 month+9.95%USD 2.012026-06-24
3 month-5.56%USD 2.342026-04-24
Year to date-6.16%USD 2.362025-12-31
1 year-14.01%USD 2.572025-07-24
3 year-70.53%USD 7.502023-07-25
5 year-77.63%USD 9.882021-07-23
Since inception-77.45%USD 9.802021-05-24

OPAL Fuels Financials at a Glance

Market Cap

$67.09MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$336.94M

Net Income (TTM)

$19.26M

EPS (TTM)

$0.06

P/E Ratio

36.11

Dividend

$0.00

Beta (Volatility)

0.64 (Low)

Price

$2.23

Volume

57,663.232

Open

$2.23

Previous Close

$2.21

Daily Range

$2.17 - $2.24

52-Week Range

$1.65 - $2.87

Estimated Earnings Date

Aug 6, 2026

OPAL News

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About OPAL Fuels

OPAL Fuels turns landfill and farm waste into renewable natural gas for trucks. It builds and operates fueling stations for fleets using cleaner fuels. Its services help trucking companies reduce diesel use and emissions.

Products and Services

  • Fuel Station Services: Builds, operates, and maintains fueling stations for natural gas and hydrogen vehicles, mainly for commercial fleets.
  • RNG Fuel (29.1%): Produces and sells renewable natural gas made from landfill and dairy waste, used as vehicle fuel.
  • Renewable Power (9.4%): Generates and sells electricity from biogas, mainly to utilities, and sells related renewable energy credits.
  • Environmental Attribute Management: Manages and sells credits like RINs and LCFS, which are government incentives for using cleaner fuels.
  • Construction & Services: Designs and builds fueling stations for third parties and provides ongoing maintenance.

Growth and Expansion

  • Expanded RNG production with five new projects under construction in 2025.
  • Entered hydrogen fueling station design and construction in 2025.
  • Formed long-term partnerships with landfill and dairy owners for gas rights, often over 20 years.
  • Secured a $120 million preferred equity investment and $128.4 million term loan in March 2026.

What Makes OPAL Fuels Stand Out

OPAL Fuels controls the full process from waste capture to fuel delivery, keeping more value in-house. The company specializes in managing government credits, which are a major revenue source. Its long-term site agreements and in-house engineering support stable operations and project growth.

Five Things You Need to Know

  • Total revenue was $349 million in FY 2025, up 16% from FY 2024.
  • Fuel Station Services made up 61.5% of revenue in FY 2025.
  • Net income was $36.4 million in FY 2025, up 154% from FY 2024, mainly due to tax benefits.
  • Operating income fell 65% to $7.4 million in FY 2025, as costs rose faster than sales.
  • Customer A accounted for 34% of total revenue in FY 2025, showing high customer concentration risk.

Bottom Line

OPAL Fuels has grown by expanding renewable gas projects and entering hydrogen fueling. Its integrated model and focus on environmental credits support its position in the clean fuel market.

AI Generated • Apr 16, 2026

Industry

Oil, Gas and Consumable Fuels

Sector

Energy

Employees

331

CEO

Adam J. Comora, MBA; Gilbert Jonathan Maurer, MBA

Headquarters

White Plains, NY 10601, US

OPAL Financials

Key Financial Metrics (TTM)

Gross Margin

29.36%

Operating Margin

0.87%

Net Income Margin

5.72%

Return on Equity

-346.00%

Return on Capital

1.36%

Return on Assets

1.82%

Earnings Yield

2.77%

Dividend Yield

0.00%

Payout Ratio

58.64%

Stock Overview

Market Cap

$67.09MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

30.36M

Volume

57.66K

Avg. Volume

279.51K

Financials (TTM)

Gross Profit

$98.94M

Operating Income

$2.92M

EBITDA

$30.90M

Operating Cash Flow

$24.90M

Capital Expenditure

-$83.54M

Free Cash Flow

-$58.65M

Cash & ST Invst.

$134.17M

Total Debt

$447.17M

OPAL Fuels Performance Analysis

OPAL Fuels annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 237,800,00043.1%
20232023-12-31USD 253,506,0006.6%
20242024-12-31USD 299,915,00018.3%
20252025-12-31USD 349,074,00016.4%
OPAL Fuels sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-5.8%
Q32025-09-303.6%
Q42025-12-3119.7%
Q12026-03-31-26.4%
OPAL Fuels annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 0.13N/A
20232023-12-31USD 0.69451.0%
20242024-12-31USD 0.02-97.1%
20252025-12-31USD 0.15621.2%
OPAL Fuels sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30422.4%
Q32025-09-3082.5%
Q42025-12-3155.0%
Q12026-03-31-220.5%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$73.38M

-14.1%

Gross Profit

$19.53M

-27.1%

Gross Margin

26.61%

N/A

Market Cap

$67.09MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$202.69K

N/A

Employees

331

N/A

Net Income

$6.89M

+189.3%

EBITDA

$955.00K

-83.1%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$134.17M

+234.7%

Total Debt

$447.17M

+45.0%

Accounts Receivable

$49.42M

-6.4%

Inventory

$12.20M

-5.1%

Long Term Debt

$427.70M

+40.7%

Short Term Debt

$19.47M

+332.1%

Return on Assets

1.82%

N/A

Return on Invested Capital

0.30%

N/A

Free Cash Flow

-$11.45M

-163.2%

Operating Cash Flow

$12.92M

-56.5%

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Questions About OPAL

What is the current price of OPAL Fuels?

OPAL Fuels is trading at $2.23 per share.

What is the 52-week range for OPAL Fuels?

Over the past 52 weeks, OPAL Fuels has traded between $1.65 and $2.87.

How much debt does OPAL Fuels have?

As of the most recent reporting period, OPAL Fuels reported total debt of $447.17M.

How much cash does OPAL Fuels have on hand?

OPAL Fuels reported $134.17M in cash and cash equivalents in its most recent financial results.

What is OPAL Fuels’s dividend yield?

OPAL Fuels does not currently have a dividend yield.

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