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OPAL Fuels (OPAL)
NASDAQ:OPAL
Earnings Data
Report Date
May 07, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.06Last Year’s EPS
-0.01Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a broadly constructive operational and liquidity picture: material production growth (28% YoY), improved plant utilization, expansion of owned fueling stations, and strengthened capital structure (new $180M preferred facility and credit draws). These positives were offset by meaningful macro and commodity headwinds—chiefly a ~ $0.70 decline in realized D3 RIN prices that reduced adjusted EBITDA by roughly $33M, the expiration of an ISCC pathway contribution (> $10M in 2024), and delayed downstream demand from fleet deferrals and adverse winter weather. Management delivered 2026 guidance implying modest growth (midpoint ~14%) and emphasized cautious, disciplined capital allocation. On balance, operational momentum, improved liquidity, and forward guidance outweigh the near-term headwinds.Company Guidance
Strong RNG Production Growth
RNG production reached 4.9 million MMBtu in 2025, up 28% year-over-year; fourth-quarter production exceeded 1.3 million MMBtu, ~24% higher versus Q4 2024. Management expects 2026 production of 5.4–5.8 million MMBtu (>14% growth versus 2025).
Resilient Adjusted EBITDA and Q4 Outperformance
Full-year adjusted EBITDA was $90.2 million (essentially flat versus 2024) despite commodity headwinds. Fourth-quarter revenue was $99.8 million and adjusted EBITDA was $34.2 million versus $80.0 million revenue and $22.6 million adjusted EBITDA in Q4 2024.
Fuel Station Services Expansion and EBITDA Growth
OPAL-owned fueling stations increased to 61 at year-end. Fuel Station Services segment EBITDA rose to $46.7 million from $38.4 million in 2024, a 22% increase year-over-year, improving earnings mix and downstream visibility.
Improved Operations and Utilization
Operating availability/efficiency improved from roughly 70% to ~80% during 2025 with a management target of ~85–86% utilization, driven by upgraded operating teams and plant tuning (e.g., gas quality, nitrogen rejection optimizations).
Strengthened Liquidity and Capital Structure
Closed a $180 million Series A preferred facility, repaid a $100 million preferred investment, and drew ≈$128 million under the senior secured credit facility. Reported total year-end liquidity of $184 million (≈$30M cash and short-term investments, $138M undrawn term capacity, $16M revolver availability).
2026 Financial Guidance and Capital Allocation
Provided 2026 adjusted EBITDA guidance of $95M–$110M (midpoint ~14% growth versus 2025) and 2026 CapEx plan of ~$154 million focused on committed construction projects and select downstream investments. Assumes ~$15M–$20M of 45Z credits in 2026.
Historic Growth Track Record
Since going public nearly four years ago, compounded annual growth rates are 32% for RNG production and 22% for adjusted EBITDA, underscoring multi-year production and earnings growth trends.
OPAL Earnings History
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 |
|---|---|---|---|
Mar 16, 2026 | $2.14 | $2.73 | +27.57% |
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% |
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 May 07, 2026, Before Open (Confirmed).
What is OPAL Fuels (OPAL) earnings time?
OPAL Fuels (OPAL) earnings time is at May 07, 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 2026 (Q1) is 0.06.