OPAL
Company Description
OPAL Fuels Inc. focuses on the creation and distribution of renewable natural gas (RNG), supplying it as an alternative vehicle fuel primarily for heavy and medium-duty commercial trucking fleets. Beyond merely providing fuel, the company also specializes in the comprehensive design, development, construction, operation, and servicing of natural gas fueling infrastructure for these fleets, thereby assisting them in transitioning away from diesel. Additionally, OPAL Fuels offers its expertise in the planning and construction of hydrogen fueling stations. The company further diversifies its operations by generating and marketing renewable electricity to utility providers. As of May 1, 2022, it managed a portfolio of 24 owned and operated biogas production facilities. Established in 1998, OPAL Fuels Inc. is headquartered in White Plains, New York.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | 348.98M | 299.97M | 256.11M | 235.53M | 166.12M | 117.71M | 119.70M |
| Net Income | 14.75M | 11.03M | 29.95M | 11.32M | 210,000 | (25.36M) | (5.25M) |
| EPS | 0.15 | 0.02 | 0.70 | 0.13 | 1.64 | -1.01 | -0.44 |
| Free Cash Flow | (34.24M) | (94.21M) | (75.56M) | (132.76M) | (70.79M) | (22.65M) | (1.17M) |
| FCF / Share | -1.22 | -3.41 | -2.78 | -5.15 | -2.81 | -0.90 | -0.05 |
| Operating CF | 36.50M | 33.03M | 38.27M | (1.35M) | 18.86M | 2.29M | 4.34M |
| Total Assets | 959.47M | 881.08M | 754.61M | 644.86M | 380.84M | 169.46M | 165.71M |
| Total Debt | 365.43M | 310.56M | 210.61M | 179.65M | 229.10M | 103.83M | 114.79M |
| Cash & Equiv | 24.41M | 24.31M | 38.35M | 40.39M | 39.31M | 12.82M | 10.86M |
| Book Value | (12.93M) | (148.45M) | (478.81M) | (800.60M) | 14,000 | 23.77M | 19.81M |
| Return on Equity | N/A | N/A | N/A | N/A | 15.00 | -1.07 | -0.27 |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 73.38M | 99.75M | 83.36M | 80.46M | 85.41M | 80.02M | 84.05M | 70.95M | 64.95M | 87.01M | 71.10M | 55.04M |
| Net Income | 6.89M | 4.89M | 4.07M | 3.42M | 2.38M | 1.28M | 4.98M | 2.46M | 2.30M | 5.61M | 2.38M | 20.77M |
| EPS | -0.09 | 0.08 | 0.05 | 0.03 | -0.01 | -0.05 | 0.09 | -0.01 | -0.01 | 0.11 | -0.01 | 0.66 |
| Free Cash Flow | (11.45M) | (8.21M) | (9.27M) | (29.72M) | 18.11M | (50.77M) | (5.40M) | (22.46M) | (13.03M) | 14.44M | (23.20M) | (29.61M) |
| FCF / Share | -0.40 | -0.29 | -0.33 | -1.05 | 0.65 | -1.79 | -0.19 | -0.81 | -0.48 | 0.51 | -0.86 | -1.10 |
| Operating CF | 12.92M | 1.64M | 18.21M | (7.87M) | 29.68M | 3.67M | 17.67M | 533,000 | 13.72M | 36.01M | (2.96M) | 3.62M |
| Total Assets | 1.06B | 959.47M | 916.75M | 905.54M | 884.92M | 881.08M | 831.09M | 782.31M | 750.50M | 754.61M | 690.46M | 671.95M |
| Total Debt | 447.17M | 352.12M | 353.55M | 333.33M | 308.45M | 310.56M | 256.38M | 236.81M | 210.59M | 210.61M | 188.29M | 154.34M |
| Cash & Equiv | 134.17M | 24.41M | 29.93M | 29.27M | 40.08M | 24.31M | 20.33M | 19.02M | 28.21M | 38.35M | 15.00M | 21.59M |
| Book Value | 8.22M | (12.93M) | 7.48M | (25.04M) | 57.09M | (148.45M) | (180.08M) | (273.03M) | (382.39M) | (478.81M) | (852.94M) | (761.50M) |
| Return on Equity | 0.84 | N/A | 0.54 | N/A | 0.04 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
