OPAL Fuels CEO Expects Continued Improvement in RNG Facilities
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 11 2026
0mins
Should l Buy OPAL?
Jonathan Maurer, Co-Chief Executive Officer of OPAL Fuels, said, "Given the difficult weather conditions, our RNG facilities performed well, producing more RNG compared with the first quarter of 2025. This performance is due to the meaningful improvements we are making across our operating platform. We expect to see these improvements continue throughout the year. In the quarter we completed several financing transactions which added clarity to our capital structure and sets us up for continued investment and growth in both our upstream and downstream segments. In addition, IRA Investment Tax credits, 45Z production tax credits, and EPA's issuance of Set Rule 2 demonstrate the supportive regulatory backdrop for our business."
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Analyst Views on OPAL
Wall Street analysts forecast OPAL stock price to rise
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 1.940
Low
3.50
Averages
3.50
High
3.50
Current: 1.940
Low
3.50
Averages
3.50
High
3.50
About OPAL
OPAL Fuels Inc. is a renewable energy company specializing in the capture and conversion of biogas into low-carbon intensity renewable natural gas (RNG) and renewable power. The Company also specializes in the marketing and distribution of RNG to heavy-duty trucking and other hard to de-carbonize industrial sectors. Its RNG Fuel segment includes RNG supply as well as the associated generation and sale of commodity natural gas and environmental credits and, consists of RNG production facilities and its interests in both operating and construction projects. Through its Fuel Station Services segment, it provides construction and maintenance services to third-party owners of vehicle fueling stations and performs fuel dispensing activities including generation and minting of environmental credits. The Company’s Renewable Power segment generates renewable power and associated environmental attributes, such as ISCC Carbon Credits and RECs through combustion of biogas from landfills.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
OPAL Fuels (OPAL) Q1 2026 Earnings Transcript
See More
OPAL Fuels Announces Q1 2026 Earnings Release Date
- Earnings Release Schedule: OPAL Fuels will release its Q1 2026 earnings before market open on May 11, 2026, demonstrating the company's commitment to transparency and investor communication.
- Conference Call Timing: A conference call will take place at 11:00 a.m. Eastern Time on the same day, allowing investors to listen via the company's Investor Relations website, indicating the company's emphasis on investor engagement.
- Company Overview: OPAL Fuels is a leader in capturing and converting biogas into low carbon intensity RNG and renewable electricity, focusing on heavy-duty trucking and other hard-to-decarbonize industrial sectors, highlighting its strategic position in the renewable energy market.
- Forward-Looking Statements: The company cautions investors about the risks and uncertainties associated with forward-looking statements, emphasizing that future performance may be influenced by various factors, reflecting the company's focus on risk management.
See More
OPAL Fuels Signs $100 Million Clean Fuel Agreement
- Agreement Overview: OPAL Fuels announced a master agreement to monetize $100 million of Section 45Z Clean Fuel Production Tax Credits over the coming years, with the first closing expected this quarter, thereby providing stable cash flow to support future renewable natural gas projects.
- Strategic Significance: This agreement not only optimizes OPAL Fuels' vertically integrated platform but also enables the company to replace diesel with renewable and compressed natural gas, significantly reducing operational costs and enhancing pricing stability, thereby strengthening its competitive position in the heavy-duty transportation market.
- Policy Support: The Section 45Z Clean Fuel Production Tax Credit has received bipartisan support, which has bolstered industry confidence and policy stability, encouraging sustained investment in the renewable fuels sector and further promoting the production of low-carbon transportation fuels.
- Future Outlook: OPAL Fuels' Co-CEO Adam Comora stated that this agreement will enhance the company's value creation capabilities as new facilities come online and provide liquidity for future growth investments, facilitating broader fleet adoption of renewable and compressed natural gas, which is crucial for improving economics in heavy-duty transportation.
See More
OPAL Fuels' Co-CEO to Speak at ACT Expo on Clean Fuels
- Industry Leadership: OPAL Fuels' Co-CEO Adam Comora will headline the ACT Expo in Las Vegas, expected to attract numerous industry participants and showcase the company's leadership in the clean fuel sector.
- Innovation Showcase: Comora's presentation will focus on 'From Fuel to Fleet: A Vertically Integrated Approach to Renewable Fuels that Drives Fleet Economics, Cost Savings, and Sustainability,' highlighting OPAL Fuels' integrated platform in renewable fuel production and infrastructure development.
- Market Opportunities: Comora noted that the adoption of clean fuels is providing measurable sustainable savings for fleets amid diesel price volatility, indicating the company's strategic advantage in addressing market challenges.
- Expo Impact: The 2026 ACT Expo will gather fleets, OEMs, shippers, and technology leaders from the clean transportation sector, with Comora's participation further driving industry focus and investment in clean fuel solutions.
See More
OPAL Fuels Reports Strong 2025 Earnings Highlights
- Adjusted EBITDA Performance: OPAL Fuels achieved an adjusted EBITDA of $90.2 million for 2025, remaining flat year-over-year yet aligning with company guidance, indicating stable profitability and market adaptability.
- RNG Production Growth: The company reported RNG production of 4.9 million MMBtu in 2025, a 28% increase year-over-year, reflecting significant operational progress and enhancing its competitive position in the renewable energy sector.
- Enhanced Liquidity: OPAL successfully completed a $180 million Series A Preferred Facility, improving liquidity and capital structure, which provides stronger financial support for future project developments and is expected to drive business expansion.
- Optimistic Market Outlook: Despite a 22% decline in RIN prices impacting financial results, OPAL remains optimistic about macro conditions and the adoption of CNG and RNG in heavy-duty trucking for 2026, which is anticipated to lay the groundwork for future growth.
See More
OPAL Fuels Q4 2025 Earnings Call Insights
- Performance Overview: OPAL Fuels reported Q4 2025 revenue of $99.8 million and adjusted EBITDA of $34.2 million, significantly up from $80 million and $22.6 million year-over-year, primarily driven by increased production and recognition of 45Z tax credits, demonstrating the company's ability to achieve profitability growth amid adversity.
- Production Growth: RNG production reached 4.9 million MMBtu in 2025, marking a 28% year-over-year increase, with Q4 production exceeding 1.3 million MMBtu, indicating significant improvements in production efficiency following the commissioning of new facilities, laying a solid foundation for future market demand.
- Capital Investment: The company completed a $180 million preferred stock facility, successfully repaying a $100 million existing preferred investment, enhancing liquidity, and is expected to target infrastructure investments across the RNG value chain, further driving business expansion and market competitiveness.
- Outlook: Management provided 2026 adjusted EBITDA guidance of $95 million to $110 million, representing approximately 14% growth, while RNG production is expected between 5.4 million and 5.8 million MMBtu, reflecting a positive outlook for future market conditions despite facing challenges from winter weather.
See More
OPAL Fuels (OPAL) Q1 2026 Earnings Transcript
See More
OPAL Fuels Announces Q1 2026 Earnings Release Date
- Earnings Release Schedule: OPAL Fuels will release its Q1 2026 earnings before market open on May 11, 2026, demonstrating the company's commitment to transparency and investor communication.
- Conference Call Timing: A conference call will take place at 11:00 a.m. Eastern Time on the same day, allowing investors to listen via the company's Investor Relations website, indicating the company's emphasis on investor engagement.
- Company Overview: OPAL Fuels is a leader in capturing and converting biogas into low carbon intensity RNG and renewable electricity, focusing on heavy-duty trucking and other hard-to-decarbonize industrial sectors, highlighting its strategic position in the renewable energy market.
- Forward-Looking Statements: The company cautions investors about the risks and uncertainties associated with forward-looking statements, emphasizing that future performance may be influenced by various factors, reflecting the company's focus on risk management.
See More
OPAL Fuels Signs $100 Million Clean Fuel Agreement
- Agreement Overview: OPAL Fuels announced a master agreement to monetize $100 million of Section 45Z Clean Fuel Production Tax Credits over the coming years, with the first closing expected this quarter, thereby providing stable cash flow to support future renewable natural gas projects.
- Strategic Significance: This agreement not only optimizes OPAL Fuels' vertically integrated platform but also enables the company to replace diesel with renewable and compressed natural gas, significantly reducing operational costs and enhancing pricing stability, thereby strengthening its competitive position in the heavy-duty transportation market.
- Policy Support: The Section 45Z Clean Fuel Production Tax Credit has received bipartisan support, which has bolstered industry confidence and policy stability, encouraging sustained investment in the renewable fuels sector and further promoting the production of low-carbon transportation fuels.
- Future Outlook: OPAL Fuels' Co-CEO Adam Comora stated that this agreement will enhance the company's value creation capabilities as new facilities come online and provide liquidity for future growth investments, facilitating broader fleet adoption of renewable and compressed natural gas, which is crucial for improving economics in heavy-duty transportation.
See More
OPAL Fuels' Co-CEO to Speak at ACT Expo on Clean Fuels
- Industry Leadership: OPAL Fuels' Co-CEO Adam Comora will headline the ACT Expo in Las Vegas, expected to attract numerous industry participants and showcase the company's leadership in the clean fuel sector.
- Innovation Showcase: Comora's presentation will focus on 'From Fuel to Fleet: A Vertically Integrated Approach to Renewable Fuels that Drives Fleet Economics, Cost Savings, and Sustainability,' highlighting OPAL Fuels' integrated platform in renewable fuel production and infrastructure development.
- Market Opportunities: Comora noted that the adoption of clean fuels is providing measurable sustainable savings for fleets amid diesel price volatility, indicating the company's strategic advantage in addressing market challenges.
- Expo Impact: The 2026 ACT Expo will gather fleets, OEMs, shippers, and technology leaders from the clean transportation sector, with Comora's participation further driving industry focus and investment in clean fuel solutions.
See More
OPAL Fuels Reports Strong 2025 Earnings Highlights
- Adjusted EBITDA Performance: OPAL Fuels achieved an adjusted EBITDA of $90.2 million for 2025, remaining flat year-over-year yet aligning with company guidance, indicating stable profitability and market adaptability.
- RNG Production Growth: The company reported RNG production of 4.9 million MMBtu in 2025, a 28% increase year-over-year, reflecting significant operational progress and enhancing its competitive position in the renewable energy sector.
- Enhanced Liquidity: OPAL successfully completed a $180 million Series A Preferred Facility, improving liquidity and capital structure, which provides stronger financial support for future project developments and is expected to drive business expansion.
- Optimistic Market Outlook: Despite a 22% decline in RIN prices impacting financial results, OPAL remains optimistic about macro conditions and the adoption of CNG and RNG in heavy-duty trucking for 2026, which is anticipated to lay the groundwork for future growth.
See More
OPAL Fuels Q4 2025 Earnings Call Insights
- Performance Overview: OPAL Fuels reported Q4 2025 revenue of $99.8 million and adjusted EBITDA of $34.2 million, significantly up from $80 million and $22.6 million year-over-year, primarily driven by increased production and recognition of 45Z tax credits, demonstrating the company's ability to achieve profitability growth amid adversity.
- Production Growth: RNG production reached 4.9 million MMBtu in 2025, marking a 28% year-over-year increase, with Q4 production exceeding 1.3 million MMBtu, indicating significant improvements in production efficiency following the commissioning of new facilities, laying a solid foundation for future market demand.
- Capital Investment: The company completed a $180 million preferred stock facility, successfully repaying a $100 million existing preferred investment, enhancing liquidity, and is expected to target infrastructure investments across the RNG value chain, further driving business expansion and market competitiveness.
- Outlook: Management provided 2026 adjusted EBITDA guidance of $95 million to $110 million, representing approximately 14% growth, while RNG production is expected between 5.4 million and 5.8 million MMBtu, reflecting a positive outlook for future market conditions despite facing challenges from winter weather.
See More
