Opal Fuels

Opal Fuels

Produces and distributes renewable natural gas

Overview

OPAL Fuels produces and distributes renewable natural gas (RNG) sourced from waste streams, transforming methane emissions into a low-carbon fuel. Their RNG is used to power heavy-duty trucks and other industrial equipment, offering a cost-effective alternative to diesel. The company’s product pathway involves capturing methane at its source, purifying it into RNG, and selling it through a vertically integrated model that spans upstream production and downstream marketing. This integration helps minimize methane leaks and lowers costs, with RNG priced up to 50% less per gallon than diesel. OPAL Fuels differentiates itself by owning and coordinating the full energy value chain—from capture and purification to distribution—allowing scalable decarbonization for customers in transportation and industry. The goal is to reduce carbon emissions for clients and contribute to global efforts against climate change by expanding the use of low-carbon RNG.

About Opal Fuels

Simplify's Rating
Why Opal Fuels is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Automotive & Transportation

Industrial & Manufacturing

Energy

Company Size

51-200

Company Stage

IPO

Headquarters

White Plains, New York

Founded

1998

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Simplify's Take

What believers are saying

  • August 10, 2026 adjusted EBITDA rose 40% to $23.1 million.
  • OPAL kept 2026 guidance and expects over 2 million MMBtu online within 12 months.
  • June 2026 liquidity stood at $162.2 million, funding construction without immediate dilution.

What critics are saying

  • Q2 2026 revenue missed consensus, and net loss widened to $4.1 million.
  • Fortistar’s March 2026 preferred carries a 12% coupon and 3 million-share warrant.
  • If 45Z or RIN economics weaken, OPAL’s project returns collapse by 2027.

What makes Opal Fuels unique

  • OPAL Fuels vertically integrates landfill methane capture, RNG production, and fuel distribution.
  • June 3, 2026 GFL projects deepen supply access across Alabama and Georgia landfills.
  • Its heavy-duty trucking network monetizes RNG through stations, not only commodity sales.

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Funding

Total Funding

$2.6B

Above

Industry Average

Funded Over

4 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Tuition Reimbursement

Referral Bonus

Paid Holidays

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

0%

2 year growth

1%
Yahoo Finance
Aug 10th, 2026
OPAL Fuels Q2 adjusted EBITDA surges 40% to $23.1M on tax credits and fuel services growth

OPAL Fuels reported strong second-quarter results, with adjusted EBITDA rising 40% year over year to $23.1 million and revenue increasing 4% to $83.4 million. The gains were supported by production tax credits, Fuel Station Services growth, and lower general and administrative expenses. The company produced 1.3 million MMBtus of renewable natural gas during the quarter, up approximately 8% from the previous year. Management maintained full-year guidance despite RNG production falling modestly below internal expectations. OPAL has more than 2 million MMBtus of annual RNG design capacity expected online within 12 months. The company had $162.2 million in liquidity at quarter-end and expects existing financing capacity to fund projects under construction.

Kalkine
Aug 10th, 2026
OPAL Fuels (NASDAQ: OPAL) reports $4.1M net loss as EPS falls below consensus.

OPAL Fuels (NASDAQ: OPAL) reports $4.1M net loss as EPS falls below consensus. 10 August 2026 11:12 AM PDT Summarize with AI You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to its research reports, in-depth technical and fundamental research. Learn more OPAL Fuels reported a net loss of $4.1 million for the quarter ended June 30, 2026, with Earnings Per Share of $-0.05, falling short of the $0.11 consensus estimate. This underperformance highlights challenges in Revenue generation amid fluctuating market conditions and impacts investor sentiment. Key Highlights * OPAL's adjusted EBITDA rose 40% year-over-year to $23.1 million for Q2 2026. * Revenue for the quarter reached $83.4 million, a 4% increase from the prior year. * Short interest increased by 20%, now at 10.3 days of average Volume to cover. OPAL Fuels Inc. ( Nasdaq: OPAL) reported a net loss of $4.1 million, or $-0.05 per share, for the quarter ending June 30, 2026. This result significantly deviated from the consensus estimate of $0.11, indicating operational challenges at a time when investors are closely monitoring earnings performance. Strong Adjusted EBITDA Growth OPAL's adjusted EBITDA for the second quarter reached $23.1 million, marking a strong 40% increase from the $16.5 million reported in Q2 2025. The growth was attributed to the contribution from production tax credits and strategic cost management within the company. Total revenue for the quarter amounted to $83.4 million, up 4% year-over-year, but this growth comes amid a flat renewable identification number (RIN) price environment, which could complicate future revenue gains. The operational struggles against a decreasing revenue backdrop highlight the potential Volatility in profit margins, prompting investors to consider shifting operational strategies ahead. Revenue and Production Insights Revenue Diversification remains key for OPAL, with the RNG segment generating $23.8 million alongside $53.1 million from Fuel Station Services. Despite a 4% decrease in total volume delivered, the production of renewable Natural Gas (RNG) saw slight increases, with 1.3 million MMBtu produced during the quarter. Long-term forecasts hinge on the company's ability to optimize its production facilities and Leverage inherent advantages of natural gas over diesel, suggesting a critical junction ahead for operational execution. The company's reliance on renewable energy credits underscores a potentially lucrative avenue if market conditions align favorably. Market Positioning and Investor Sentiment As of July 15, 2026, OPAL's short interest stood at 10.3 days of average volume to cover, reflecting a 20% increase from the prior settlement period. This heightened short interest may indicate investor concerns about future performance and earnings consistency post-earnings miss. The overall market sentiment also adds to the challenges faced by OPAL, with shows from sector peers like CVI and CLMT posting declines on the day following earnings announcements. Such investor positioning may lead to increased scrutiny on future financial releases, emphasizing the importance of management's strategies in responding to these market dynamics. What to Watch Next The next catalyst for OPAL Fuels is the release of its annual performance guidance, scheduled for August 30, 2026. Investors will be looking closely at the implications of recent financial results, adjusted EBITDA trends, and any indications of upcoming operational changes that could enhance profitability. Focusing on how effectively management addresses the challenges highlighted in this Quarterly Report will be important in shaping investor outlook moving forward. The upcoming guidance will be key in assessing OPAL's strategic direction. Peers Moving on This News * CVR Energy Inc (CVI) down 0.5% * World Kinect Corp (WKC) little changed * Calumet Inc (CLMT) down 0.2% Analysis based on the Form 8-K filed 10 August 2026. This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making Investment decisions. FAQs. Q: What were OPAL Fuels' earnings per share for Q2 2026? A: OPAL Fuels reported an EPS of $-0.05 for the second quarter of 2026, which fell short of the $0.11 consensus estimate. Q: How did OPAL Fuels' revenue compare year-over-year? A: OPAL Fuels saw a revenue increase of 4% year-over-year, totaling $83.4 million for Q2 2026. Q: What is the adjusted EBITDA for OPAL Fuels in Q2 2026? A: The adjusted EBITDA for OPAL Fuels in the second quarter of 2026 was $23.1 million, representing a 40% growth compared to the same quarter last year. Download Free Report - Explore 3 Stock Ideas & Industry Insights Unlock 3 stock ideas and key industry insights in its free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice. All investments involve risk - consider independent advice before making any investment decisions. Disclaimer:

Yahoo Finance
Jun 4th, 2026
GFL Environmental launches two RNG facilities with OPAL Fuels to power 800 heavy-duty trucks

OPAL Fuels and GFL Environmental have begun construction on two renewable natural gas facilities at landfills in Georgia and Alabama. The projects will convert landfill methane into approximately 15 million gasoline gallon equivalents of RNG annually, enough to fuel roughly 800 Class 8 trucks. The expansion deepens GFL's partnership with OPAL Fuels in decarbonising transportation and building RNG infrastructure. However, the development doesn't substantially alter GFL's near-term investment narrative, which remains focused on integrating past acquisitions, managing high leverage and delivering on 2026 revenue guidance. GFL recently authorised share buybacks of up to 34.7 million shares and increased its dividend by 10%. Analysts project the company's revenue could reach CA$8.6 billion by 2029, implying 8.8% annual growth.

Newswire
Jun 3rd, 2026
OPAL Fuels and GFL Environmental advance growth strategy with new RNG projects in Alabama and Georgia.

OPAL Fuels and GFL Environmental advance growth strategy with new RNG projects in Alabama and Georgia. Jun 03, 2026, 06:30 ET New Projects Expected to Add Approximately 15 Million GGEs of RNG Supply Capacity WHITE PLAINS, N.Y. and MIAMI BEACH, FL, June 3, 2026 /CNW/ - OPAL Fuels (Nasdaq: OPAL), a leading vertically integrated producer and distributor of renewable natural gas and compressed natural gas (RNG/CNG) and GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL") announced today the advancement of construction for two new RNG facilities at the Stones Throw Landfill in Tallapoosa County, Alabama and the Grady Road Landfill in Polk County, Georgia. The projects together represent nearly 2 million MMBTU of plant design capacity and are owned jointly, 50 percent each, by GFL and OPAL Fuels. OPAL Fuels has agreed to market and distribute the full output from the new RNG facilities through its expanding CNG/RNG dispensing network further advancing OPAL Fuels' strategy to drive profitable growth across both upstream production and downstream distribution. The new RNG facilities are designed to supply fuel for approximately 800 Class 8 heavy-duty tractors, with such fuel providing better economics than diesel and the added benefits of zero Scope 1 and Scope 2 emissions. The projects are well positioned to supply accelerating fleet conversion activity in the heavy-duty trucking sector which is being driven by higher and volatile diesel pricing, increased regulatory clarity regarding combustion engines, and the availability of next-generation natural gas engine platforms. "The construction of these two facilities underscore OPAL Fuels' momentum in advancing our growth objectives with value accretive projects," said Jonathan Maurer, Co-Chief Executive Officer of OPAL Fuels. "Bringing new RNG production online amid accelerating fleet demand reinforces the strength of our vertically integrated model, connecting landfill partners to high-value end markets through our growing fuel station network. This work supports our focus on sustainable revenue growth, margin expansion, and creating long-term shareholder value." "We are excited to continue building on our investments in RNG facilities at our landfills," said Patrick Dovigi, GFL's Founder and CEO. "These projects support the achievement of GFL's GHG reduction goals including fueling our own CNG fleet from landfill gas produced at our landfills, in addition to generating strong, stable, risk-adjusted returns for many years into the future." Using proven technology, the projects will capture methane generated from the natural decomposition of organic material at the Grady Road Landfill and the Stones Throw Landfill and convert it into RNG, a low-carbon, cost-effective transportation fuel. About OPAL Fuels OPAL Fuels (Nasdaq: OPAL) is a leader in the capture and conversion of biogas into low carbon intensity RNG and renewable electricity. OPAL Fuels is also a leader in the marketing and distribution of RNG to heavy duty trucking and other hard to decarbonize industrial sectors. For additional information, and to learn more about OPAL Fuels and how it is leading the effort to capture North America's harmful methane emissions and decarbonize the economy, please visit www.opalfuels.com. GFL is the fourth largest diversified environmental services company in North America, providing comprehensive solid waste management services from its platform of facilities throughout Canada and 18 U.S. states. GFL has a workforce of more than 15,000 employees across its organization. Forward-Looking Statements This release includes certain "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements"), within the meaning of applicable U.S. and Canadian securities laws, respectively. Forward-looking statements are statements that are not historical facts and generally relate to future events or OPAL Fuels' or GFL's future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as "believe," "may," "will," "potentially," "estimate," "continue," "anticipate," "intend," "could," "would," "project," "target," "plan," "expect," or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by OPAL Fuels and GFL and their respective management, as the case may be, are inherently uncertain and subject to material change. Factors that may cause actual results to differ materially from current expectations include various factors beyond management's control, including, but not limited to, general economic conditions and other risks, uncertainties and factors set forth in the sections entitled "Risk Factors" and "Cautionary Statement Regarding Forward-Looking Statements" in the OPAL Fuels' annual report on Form 10-K and quarterly reports on Form 10-Q, and other filings it makes with the Securities and Exchange Commission and in the "Risk Factors" section of GFL's annual information form for the year ended December 31, 2025, GFL's other periodic filings with the U.S. Securities and Exchange Commission and the securities commission or similar regulatory authorities in Canada. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. Except as required by law, OPAL Fuels and GFL expressly disclaim any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in OPAL Fuels or GFL's expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based. Disclaimer This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy, any securities, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Contact information for OPAL Fuels Investors Todd Firestone Vice President, Investor Relations and Corporate Development (914) 705-4001 [email protected] Media Harrison Feuer Senior Director, Communications and Public Policy (914) 721-3723 [email protected] Contact information for GFL Patrick Dovigi +1 905-326-0101 [email protected] SOURCE GFL Environmental Inc.

Waste Today Magazine
Jun 3rd, 2026
Opal Fuels, GFL Environmental announce RNG projects in Alabama and Georgia.

Opal Fuels, GFL Environmental announce RNG projects in Alabama and Georgia. The projects will capture methane generated from the natural decomposition of organic material at the landfills and convert it into RNG. Published June 03, 2026 White Plains, New York-based Opal Fuels and Miami Beach, Florida-based GFL Environmental Inc. have announced the construction of two new renewable natural gas (RNG) facilities at the Stones Throw Landfill in Tallapoosa County, Alabama, and the Grady Road Landfill in Polk County, Georgia. The projects together represent nearly 2 million British thermal units (MMBtu) of plant design capacity and are owned jointly, 50 percent each, by GFL and Opal Fuels. Opal Fuels has agreed to market and distribute the full output from the new RNG facilities through its compressed natural gas (CNG) and RNG dispensing network. The companies say the new facilities are designed to supply fuel for about 800 Class 8 heavy-duty tractors, with fuel providing better economics than diesel and the added benefits of zero Scope 1 and Scope 2 emissions. The projects are positioned to supply accelerating fleet conversion activity in the heavy-duty trucking sector, which the companies say is being driven by higher and volatile diesel pricing, increased regulatory clarity regarding combustion engines and the availability of next-generation natural gas engine platforms. "The construction of these two facilities underscore Opal Fuels' momentum in advancing our growth objectives with value accretive projects," says Jonathan Maurer, Opal Fuels co-CEO. "Bringing new RNG production online amid accelerating fleet demand reinforces the strength of our vertically integrated model, connecting landfill partners to high-value end markets through our growing fuel station network. This work supports our focus on sustainable revenue growth, margin expansion and creating long-term shareholder value." Using technology, the companies say, the projects will capture methane generated from the natural decomposition of organic material at the Grady Road Landfill and the Stones Throw Landfill and convert it into RNG, a low-carbon, cost-effective transportation fuel. "We are excited to continue building on our investments in RNG facilities at our landfills," says Patrick Dovigi, GFL founder and CEO. "These projects support the achievement of GFL's GHG reduction goals including fueling our own CNG fleet from landfill gas produced at our landfills, in addition to generating strong, stable, risk-adjusted returns for many years into the future." Get curated news on YOUR industry. Enter your email to receive its newsletters.

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