The earnings call reflects a mixed sentiment with notable achievements in production growth, inclusion in significant indices, and legislative support, but these are balanced by challenges including a decline in adjusted EBITDA, lower RIN prices, and nonrecurring expenses.

Company Guidance -

Q3 2025

During the OPAL Fuels Second Quarter 2025 earnings call, the company maintained its guidance for the year despite a challenging environment with lower RIN prices and reduced renewable power earnings. The second quarter adjusted EBITDA was $16.5 million, down $4.6 million from the previous year, while revenue was $80.5 million, up from $71 million in Q2 2024. Key highlights included a 33% increase in RNG Fuel segment production to 1.2 million MMBtus and a 30% rise in Fuel Station Services segment EBITDA to approximately $11.2 million. Additionally, OPAL completed the sale of $16.7 million in investment tax credits. The company was added to the Russell 2000 indices, with less than 20% of companies included in both Growth and Value indexes, reflecting its strong platform and growth trajectory. Despite policy uncertainties, OPAL expects positive contributions from the extension of the 45Z production tax credit through 2029, potentially adding at least $2 per MMBtu in salable tax credits for landfill RNG. Looking ahead, OPAL remains focused on executing its strategic growth objectives, with several projects under construction and a robust development pipeline, anticipating continued operational improvements and financial performance in line with annual guidance.

RNG Fuel Segment Production Increase

Production in the RNG Fuel segment reached 1.2 million MMBtus, a 33% increase compared to the same period last year.

Fuel Station Services Segment EBITDA Growth

Fuel Station Services segment EBITDA was approximately $11.2 million, 30% higher compared to the second quarter of 2024.

Positive Earnings Per Share

OPAL Fuels achieved positive earnings per share in the second quarter.

Inclusion in Russell Indices

OPAL Fuels was added to the Russell 2000, Russell 2000 Value, and Russell 2000 Growth indices.

Significant Legislative Support

The passage of the One Big Beautiful Bill Act provides extensive benefits for biomethane capture and the extension of the 45Z production tax credit through 2029.

Revenue Growth

Revenue for the quarter was $80.5 million, up from $71 million in the same period last year.

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
Nov 17, 2025	2025 (Q3)	0.02 / -	0.09	―	―	―
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)	―
Aug 09, 2023	2023 (Q2)	0.03 / -0.06	0.02	-400.00% (-0.08)	―

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
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%
Nov 07, 2024	$3.85	$3.85	0.00%

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 (OPAL) report earnings?

OPAL Fuels (OPAL) is schdueled to report earning on Nov 17, 2025, Before Open (Confirmed).

What is OPAL Fuels (OPAL) earnings time?

OPAL Fuels (OPAL) earnings time is at Nov 17, 2025, 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 (Q3) is 0.02.

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