Earnings ·
OPAL Fuels Inc. reported financial results for the quarter ended June 30, 2026, on August 10, 2026
OPALOPAL Fuels Inc.
OPAL Fuels Inc. reported financial results for the quarter ended June 30, 2026, on August 10, 2026. Adjusted EBITDA increased 40% to $23.1 million from $16.5 million in the prior year period, driven by 45Z production tax credits and growth in the Fuel Station Services segment. Revenue was $83.4 million, a 4% increase year-over-year, while net loss widened to $(4.1) million compared to net income of $7.6 million previously. The company maintained its full-year 2026 guidance and entered into a $100 million Master Agreement in April to monetize section 45Z Production Tax Credits. RNG production rose 4% to 1.3 million MMBtu, while Fuel Station Services volume decreased 4%. OPAL Fuels operates in the renewable energy sector, capturing biogas and converting it into low carbon intensity renewable natural gas (RNG) and renewable power.