The earnings call presented a mixed outlook with strong operational achievements in RNG production and new project launches. However, financial performance was hindered by lower RIN prices and regulatory uncertainties. The company remains confident in meeting its full-year guidance despite these challenges.

Company Guidance

In the third quarter of 2025, OPAL Fuels reported robust operational progress and confirmed its full-year guidance. RNG production reached 1.3 million MMBtus, marking a 30% year-over-year increase, with October production at a historic high. The company introduced the Atlantic project, adding 0.33 million MMBtu of annual capacity, bringing the total to 12 facilities with a combined capacity of 9.1 million MMBtu. The CMS RNG project in North Carolina, with a 1.0 million MMBtu capacity, commenced construction. Investment tax credit monetization brought $43 million in gross proceeds year-to-date, with an additional sale anticipated by year-end. Despite lower RIN prices impacting third-quarter adjusted EBITDA, which stood at $19.5 million, the company remains optimistic about future performance. For 2026, OPAL Fuels plans to expand its RNG production platform and invest in CNG and RNG infrastructure for heavy-duty trucking.

Significant Increase in RNG Production

RNG production was 1.3 million MMBtus, marking a 30% increase compared to the third quarter of last year.

Successful Launch of Atlantic Project

The Atlantic project, OPAL's first project with South Jersey Industries, was brought online, adding approximately 0.33 million MMBtu of annual design capacity.

Expansion of RNG Facilities

OPAL now has 12 operating RNG facilities with a combined 9.1 million MMBtu of annual design capacity, up from just 2 facilities in 2022.

Investment Tax Credit Success

Completed fourth investment tax credit monetization for 2025, bringing total gross proceeds to $43 million year-to-date.

Strong Liquidity Position

Ended the quarter with $184 million of total liquidity, including $29.9 million in cash and short-term investments.

Confidence in Full Year Guidance

Despite challenges, the company remains confident in delivering results in line with full-year guidance.

OPAL Fuels (OPAL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

OPAL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 12, 2026	2025 (Q4)	0.16 / -	-0.05	―	―	―
Nov 06, 2025	2025 (Q3)	0.04 / 0.05	0.09	-44.44% (-0.04)
Aug 07, 2025	2025 (Q2)	0.09 / 0.03	-0.01	400.00% (+0.04)
May 08, 2025	2025 (Q1)	0.04 / -0.01	-0.01	0.00% (0.00)	―
Mar 13, 2025	2024 (Q4)	0.18 / -0.05	0.11	-145.45% (-0.16)	―
Nov 07, 2024	2024 (Q3)	0.19 / 0.09	-0.01	1000.00% (+0.10)	―
Aug 07, 2024	2024 (Q2)	0.09 / -0.01	-0.06	83.33% (+0.05)	―
May 09, 2024	2024 (Q1)	0.03 / -0.01	-0.06	83.33% (+0.05)	―
Mar 13, 2024	2023 (Q4)	0.19 / 0.11	0.403	-72.70% (-0.29)	―
Nov 13, 2023	2023 (Q3)	0.06 / -0.01	-0.06	83.33% (+0.05)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

OPAL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2025	$2.16	$2.02	-6.48%
Aug 07, 2025	$2.26	$2.21	-2.21%
May 08, 2025	$2.41	$2.20	-8.71%
Mar 13, 2025	$2.17	$1.89	-12.90%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Opal Fuels Inc. (OPAL) report earnings?

Opal Fuels Inc. (OPAL) is schdueled to report earning on Mar 12, 2026, Before Open (Confirmed).

What is Opal Fuels Inc. (OPAL) earnings time?

Opal Fuels Inc. (OPAL) earnings time is at Mar 12, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is OPAL EPS forecast?

OPAL EPS forecast for the fiscal quarter 2025 (Q4) is 0.16.

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