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OPAL Fuels (OPAL)

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Earnings summaries and quarterly performance for OPAL Fuels.

Recent press releases and 8-K filings for OPAL.

OPAL Fuels Reports Q3 2025 Results with Decreased Adjusted EBITDA but Maintained Full-Year Guidance
OPAL
Earnings
Guidance Update
New Projects/Investments
  • OPAL Fuels reported Q3 2025 Adjusted EBITDA of $19.5 million, which is 37% lower compared to Q3 2024, primarily due to lower RIN prices and the expiration of the ISSC pathway.
  • RNG production for Q3 2025 reached 1.3 million MMBtu, marking a 30% growth compared to Q3 2024.
  • The company maintained its full-year 2025 Adjusted EBITDA guidance in the range of $90 million to $110 million, based on a projected RNG production range of 5.0 to 5.4 million MMBtu.
  • As of September 30, 2025, OPAL Fuels had $183.8 million in liquidity, consisting of $29.9 million in cash and cash equivalents and $138.4 million of unused capacity under its senior secured credit facility.
  • OPAL Fuels anticipates putting approximately 2.0 million annual MMBtu of RNG design capacity into construction in 2025.
Nov 7, 2025, 4:00 PM
Opal Fuels Reports Q3 2025 Results, Maintains Full-Year Guidance
OPAL
Earnings
Guidance Update
New Projects/Investments
  • Opal Fuels reported Q3 2025 adjusted EBITDA of $19.5 million and revenue of $83 million, with results impacted by a lower RIN price environment compared to the prior year.
  • RNG production for Q3 2025 was 1.3 million MMBTU, representing a 30% increase year over year. The company brought the Atlantic project online, adding 0.33 million MMBTU of annual design capacity, bringing the total to 12 operating RNG facilities with a combined 9.1 million MMBTU of annual design capacity.
  • The company maintained its full-year guidance and anticipates improved financial performance in Q4 2025 due to higher RIN pricing, sequential production growth, expected fuel station services performance, and the recognition of 45Z production tax credits.
  • Opal Fuels monetized $17 million in investment tax credits during Q3 2025, bringing the year-to-date total to $43 million, with expectations to reach $50 million for the full year.
Nov 7, 2025, 4:00 PM
OPAL Fuels Inc. Reports Third Quarter 2025 Results
OPAL
Earnings
  • OPAL Fuels Inc. reported total revenue of $83,357 thousand for the third quarter ended September 30, 2025, a slight decrease from $84,047 thousand in the prior year's third quarter.
  • Net income decreased to $11,386 thousand in Q3 2025, compared to $17,107 thousand in Q3 2024.
  • Consolidated Adjusted EBITDA for Q3 2025 was $19,456 thousand, down from $31,103 thousand in Q3 2024.
  • Basic and diluted earnings per share were $0.05 for the third quarter of 2025, a decline from $0.09 in the third quarter of 2024.
Nov 7, 2025, 2:11 PM