OPAL Fuels Inc.

OPAL

OPAL Fuels Inc.

OPAL

Insider Sentiment (TTM):

Last Purchase:2026-06-11Last Sale:2024-05-21Shares Purchased (TTM):103,051Shares Sold (TTM):0

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:15,774,923Shares Outstanding:28,298,861Institutional Ownership Pct.:55.74%

Earnings Market Reaction:

Filing Date:2026-08-10Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Redeemable Preferred Noncontrolling Interest	-	150	130	0	0	130	130	0	0	130	133	-14
Redeemable Noncontrolling Interest	-	343	378	-23	89	277	483	-78	-108	705	803	91
Senior Secured Credit Facility Term Loan	-	-	-	-	-	-	-	-	-	-	0	0
Common Class A	-	30	0	0	-2	31	0	0	0	30	0	0
Derivative Liabilities Current	-	-	-	-	-	-	0	-	-	-	0	0
Common Class C	-	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities Current	-	-	-	-	-	-	2	2	2	0	0	0
Common Class D	-	23	0	0	-50	73	0	0	0	73	144	0
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	91	133	24	30	29	40	24	20	19	28	38	15
Accounts Receivable Net Current	38	43	62	31	29	31	47	40	24	23	28	31
Restricted Cash Current	1	1	1	1	1	1	1	1	1	1	4	1
Contract With Customer Asset Net Current	7	7	8	13	11	10	11	10	13	9	7	14
Inventory Parts And Components Net Of Reserves	13	12	11	12	13	13	10	10	11	11	10	12
Short Term Investments	-	-	-	-	-	-	0	11	9	6	10	18
Prepaid Expense And Other Assets Current	14	18	16	11	12	10	24	5	6	6	6	5
Income Taxes Receivable	-	-	3	3	3	4	6	6	5	4	5	4
Assets Current	163	213	123	123	123	116	117	123	105	106	128	106
Property Plant And Equipment And Finance Lease Rig…	-	513	496	484	477	468	458	410	385	359	339	304
Equity Method Investments	234	224	231	228	225	219	224	217	213	206	207	199
Net Investment In Lease After Allowance For Credit…	11	11	8	-	-	-	0	-	-	-	-	-
Assets Held For Sale Not Part Of Disposal Group Cu…	-	-	-	-	-	-	6	4	2	2	0	4
Restricted Cash Noncurrent	3	3	3	3	3	4	2	3	2	3	4	5
Deferred Finance Costs Noncurrent Net	-	-	-	-	-	-	-	-	-	-	0	0
Goodwill	55	55	55	55	55	55	55	55	55	55	55	55
Derivative Assets Current	-	-	-	-	-	-	0	0	0	1	1	0
Other Assets Noncurrent	49	42	44	24	23	23	26	2	2	2	1	2
Assets	1,040	1,061	959	917	906	885	881	831	782	750	755	690
Liabilities And Stockhold…
Inventory Noncurrent	-	-	-	-	-	-	4	4	4	4	3	3
Liabilities Current
Accrued Income Taxes Current	-	-	-	3	3	4	4	5	4	5	5	4
Employee Related Liabilities Current	-	-	-	9	8	6	10	8	7	10	9	8
Operating Lease Right Of Use Asset	-	-	13	-	-	-	13	13	13	12	12	12
Accounts Payable Other Current	13	10	19	-	-	-	17	-	-	-	-	-
Contract With Customer Liability Current	3	5	6	8	9	10	9	6	6	8	6	7
Derivative Assets Noncurrent	-	-	-	-	-	-	0	-	-	-	0	0
Long Term Construction Loan Current	19	19	15	9	6	3	13	2	2	2	2	2
Secured Debt Current	-	-	-	2	2	2	11	7	4	2	0	0
Other Accrued Liabilities Current	55	63	64	15	13	16	65	20	14	17	10	14
Liabilities Current	90	97	104	83	98	102	104	98	81	75	74	57
Convertible Notes Payable Current	-	-	-	-	-	-	-	-	-	-	0	0
Intangible Assets Net Excluding Goodwill	-	-	-	-	-	-	1	1	1	2	2	2
Secured Long Term Debt	-	-	-	313	296	274	267	216	198	175	177	154
Construction Loan Noncurrent	413	428	337	17	18	18	285	19	19	20	20	20
Other Liabilities Noncurrent	21	24	20	8	9	15	27	10	10	9	8	1
Conversion Of Stock Shares Converted1	-	-	-	-	-	-	-72	-	-	-	-	-
Liabilities	524	549	462	434	432	420	416	361	328	297	297	254
Members Equity
Retained Earnings Accumulated Deficit	38	20	-1	19	-13	69	-137	-168	-262	-371	-467	-841
Accumulated Other Comprehensive Income Loss Net Of…	0	0	-0	-0	0	0	0	-0	0	0	-0	0
Treasury Stock Common Value	-12	-12	-12	-12	-12	-12	-12	-12	-12	-12	-12	-12
Stockholders Equity	38	18	-10	10	-25	57	-148	-179	-273	-382	-479	-852
Additional Paid In Capital	-	-	-	-	0	0	0	0	0	0	0	0
Minority Interest	12	10	3	3	3	1	1	1	1	1	1	1
Liabilities And Stockholders Equity	1,040	1,061	959	917	906	885	881	831	782	750	755	690
Operating Lease Liability Current	-	-	1	-	-	-	1	1	1	1	1	1
Asset Retirement Obligation Current	-	-	3	-	-	-	3	2	2	2	2	1
Common Class B	-	122	0	0	50	72	0	0	0	72	0	0
Variable Interest Entity Primary Beneficiary	-	13	0	-0	-0	1	0	-0	-1	1	0	0
Treasury Stock Common Shares	-	-	-	2	2	2	-	2	2	2	-	2
Asset Retirement Obligations Noncurrent	-	-	5	-	-	-	5	6	6	5	5	5
Other Loans Payable Current	-	-	-	-	-	-	-	-	-	-	0	0
Related Party	-	15	13	0	-5	7	15	0	-0	15	0	0
Senior Secured Credit Facility Working Capital Fac…	-	-	-	-	-	-	-	-	-	-	0	0
Nonrelated Party	-	0	0	0	2	0	0	-0	-11	11	0	0
Allowance For Doubtful Accounts Receivable Current	1	1	0	-	-	-	0	-	-	-	-	-
Operating Lease Liability Noncurrent	-	-	13	12	12	12	12	12	13	12	12	12
Business Combination Contingent Consideration Liab…	-	-	-	-	-	-	0	0	1	1	2	4
Derivative Liabilities Noncurrent	-	-	-	-	-	-	0	0	-	-	0	-

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10‑Q10‑K

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-4.34%	-3.65%	7.31%	-	-	-	-	-	-	-	-	-
2025	52.13%	26.54%	7.11%	3.98%	12.39%	19.47%	15.31%	28.71%	27.03%	-10.62%	-16.85%	-23.26%
2024	-4.73%	-19.33%	-19.72%	0.84%	-0.56%	8.99%	-0.81%	-9.46%	-17.57%	-35.24%	4.76%	52.86%
2023	-	-	-	-5.67%	0.54%	-19.30%	-6.25%	-10.14%	-21.62%	0.00%	0.00%	-1.43%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Liquidity Ratios
Current Ratio	1.82	2.20	1.18	1.47	1.26	1.15	1.13	1.25	1.29	1.40	1.72	1.86
Quick Ratio	1.66	2.02	1.02	1.34	1.14	1.05	0.90	1.21	1.21	1.32	1.64	1.77
Working Capital	73.47M	116.34M	18.46M	39.32M	25.25M	14.79M	13.17M	24.82M	23.63M	30.35M	53.73M	48.86M
Leverage & Debt
Debt to Equity	13.82	29.78	-45.53	42.26	-17.27	7.36	-2.81	-2.01	-1.20	-0.78	-0.62	-0.30
Interest Coverage TTM	0.15	0.34	0.57	0.04	0.70	2.44	-	-	-	-	10.98	-1.79
Debt Ratio	0.50	0.52	0.48	0.47	0.48	0.48	0.47	0.43	0.42	0.40	0.39	0.37
Efficiency & Turnover
Asset Turnover TTM	0.35	0.35	0.38	0.38	0.39	0.39	0.37	0.40	0.40	0.41	0.37	0.35
Days Sales Outstanding TTM	35.76	39.77	56.66	39.20	29.49	30.52	45.12	41.98	31.68	34.64	41.83	52.36
Receivables Turnover TTM	10.21	9.18	6.44	9.31	12.38	11.96	8.09	8.69	11.52	10.54	8.73	6.97
Per Share Metrics
Diluted EPS TTM	-0.33	0.07	0.15	0.15	0.18	-0.01	0.02	0.29	0.19	0.77	0.69	0.64
Free Cash Flow Per Share TTM	-0.74	-2.25	-1.22	-3.32	-3.19	-2.33	-3.47	-1.05	-1.69	-1.97	-2.78	-4.19
Dividend Per Share TTM	0.39	0.40	0.37	0.28	0.28	0.38	0.47	0.38	0.89	0.81	0.62	0.62
Margin Metrics
Gross Profit Margin TTM	-	85.17%	85.88%	85.65%	86.22%	86.78%	87.15%	88.02%	88.08%	87.66%	87.49%	88.46%
Operating Profit Margin TTM	0.69%	1.34%	2.12%	0.14%	2.79%	4.90%	7.07%	13.99%	11.64%	7.62%	2.75%	-2.61%
Net Profit Margin TTM	-2.89%	0.56%	1.23%	1.33%	1.61%	-0.11%	0.19%	2.59%	1.76%	7.62%	7.39%	7.28%
Growth Metrics
Net Revenue Growth (1Y)	3.02%	5.15%	16.34%	7.26%	12.22%	15.22%	17.13%	30.17%	27.13%	21.21%	8.74%	-18.05%
Net Income Growth (1Y)	-285.47%	-634.47%	663.46%	-44.72%	2.40%	-101.66%	-97.04%	-53.78%	-68.53%	1,069.54%	-1,859.85%	98.73%
EPS Growth (1Y)	-276.86%	-623.52%	649.33%	-45.84%	0.25%	-101.64%	-97.09%	-55.00%	-69.33%	1,070.19%	-1,770.77%	89.10%
Valuation Metrics
P/E TTM	-6.63	38.01	15.47	14.18	12.91	-145.31	166.89	12.74	21.87	6.48	7.91	12.88
P/B TTM	1.72	3.87	-6.53	6.06	-2.73	0.89	-0.63	-0.56	-0.41	-0.36	-0.31	-0.26
P/S TTM	0.19	0.21	0.19	0.19	0.21	0.16	0.31	0.33	0.38	0.49	0.59	0.94
Market Cap	65.21M	71.31M	66.27M	62.21M	68.40M	51.00M	93.62M	101.14M	113.19M	137.39M	149.86M	221.23M
Enterprise Value	-29.98M	-65.66M	37.95M	343.12M	332.48M	281.84M	343.54M	299.67M	293.29M	281.72M	279.15M	353.27M
Calculated Values
Free Cash Flow TTM	-22.08M	-63.81M	-34.24M	-93.95M	-90.08M	-64.71M	-95.85M	-29.02M	-46.83M	-53.98M	-75.56M	-112.95M
Net Debt	-95.19M	-136.97M	-28.32M	280.90M	264.07M	230.84M	249.92M	198.53M	180.10M	144.33M	129.29M	132.04M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-11Purchase

Owner: Sutton, Scott Mcdougald

Title: -

Shares: 50,000

Price/Share: $1.95

Value: $97,500.00

Shares Owned: 50,000

Relationship: Director

Ownership: Direct

2026-06-03Purchase

Owner: Nisar, Nadeem

Title: -

Shares: 5,000

Price/Share: $2.25

Value: $11,250.00

Shares Owned: 247,785

Relationship: Director

Ownership: Direct

2026-05-21Purchase

Owner: Dols, Scott V.

Title: -

Shares: 7,946

Price/Share: $2.00

Value: $15,892.00

Shares Owned: 245,672

Relationship: Director

Ownership: Direct

2026-05-19Purchase

Owner: Dols, Scott V.

Title: -

Shares: 25,105

Price/Share: $2.05

Value: $51,465.25

Shares Owned: 233,380

Relationship: Director

Ownership: Direct

2026-05-18Purchase

Owner: Nisar, Nadeem

Title: -

Shares: 5,000

Price/Share: $2.02

Value: $10,100.00

Shares Owned: 232,785

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-06-11	Sutton, Scott Mcdougald	Director	-	Direct	Purchase	50,000	1.95	$97,500.00	50,000	4
2026-06-03	Nisar, Nadeem	Director	-	Direct	Purchase	5,000	2.25	$11,250.00	247,785	4
2026-05-21	Dols, Scott V.	Director	-	Direct	Purchase	7,946	2.00	$15,892.00	245,672	4
2026-05-19	Dols, Scott V.	Director	-	Direct	Purchase	25,105	2.05	$51,465.25	233,380	4
2026-05-18	Nisar, Nadeem	Director	-	Direct	Purchase	5,000	2.02	$10,100.00	232,785	4
2026-05-15	Nisar, Nadeem	Director	-	Direct	Purchase	10,000	1.94	$19,400.00	227,785	4
2025-08-18	Comora, Adam	Officer	Co-Chief Executive Officer	Direct	Purchase	18,256	2.32	$42,353.92	254,517	4
2025-06-13	Nisar, Nadeem	Director	-	Direct	Purchase	10,000	3.17	$31,700.00	141,712	4
2025-06-13	Comora, Adam	Officer	Co-Chief Executive Officer	Direct	Purchase	100	3.10	$310.00	214,517	4
2025-05-23	Nisar, Nadeem	Director	-	Direct	Purchase	5,000	2.87	$14,350.00	131,712	4
2025-05-23	Maurer, Jonathan Gilbert	Officer	Co-Chief Executive Officer	Direct	Purchase	25,000	2.74	$68,500.00	176,716	4
2025-05-23	Dols, Scott V.	Director	-	Direct	Purchase	12,700	2.72	$34,544.00	129,599	4
2025-05-22	Comora, Adam	Officer	Co-Chief Executive Officer	Direct	Purchase	8,400	2.50	$21,000.00	206,417	4
2025-05-21	Nisar, Nadeem	Director	-	Direct	Purchase	5,000	2.50	$12,500.00	116,712	4
2025-05-21	Dols, Scott V.	Director	-	Direct	Purchase	9,477	2.50	$23,692.50	79,367	4
2025-05-20	Dols, Scott V.	Director	-	Direct	Purchase	12,378	2.50	$30,945.00	69,890	4
2025-05-19	Comora, Adam	Officer	Co-Chief Executive Officer	Direct	Purchase	38,726	2.57	$99,525.82	181,417	4
2025-05-16	Nisar, Nadeem	Director	-	Direct	Purchase	10,000	2.45	$24,500.00	96,712	4
2024-05-21	Falbo, Anthony	Officer	Chief Operating Officer	Direct	Sale	9,621	4.89	$47,046.69	0	4
2024-05-20	Dols, Scott V.	Director	-	Indirect	Purchase	11,192	5.06	$56,631.52	34,823	4
2024-05-17	Dols, Scott V.	Director	-	Indirect	Purchase	6,000	4.93	$29,580.00	7,601	4
2023-12-15	Revers, Daniel R	TenPercentOwner	-	Direct	Sale	661,444	-	-	619,731	4
2023-12-13	Nisar, Nadeem	Director	-	Direct	Purchase	5,000	5.64	$28,200.00	40,125	4
2023-12-12	Nisar, Nadeem	Director	-	Direct	Purchase	5,000	5.58	$27,900.00	35,125	4
2023-12-01	Dols, Scott V.	Director	-	Indirect	Purchase	15,000	5.58	$83,700.00	20,823	4
2023-11-29	Nisar, Nadeem	Director	-	Direct	Purchase	5,000	5.50	$27,500.00	30,125	4
2023-10-17	Revers, Daniel R	TenPercentOwner	-	Direct	Sale	35,213	-	-	1,281,175	4
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Institutional Ownership

No data available for chart

2026-03-31

55.74%

Inst. Shares: 15,774,923

Shares Outstanding: 28,298,861

2025-12-31

60.97%

Inst. Shares: 17,155,853

Shares Outstanding: 28,138,140

2025-09-30

52.65%

Inst. Shares: 14,889,420

Shares Outstanding: 28,279,527

2025-06-30

49.56%

Inst. Shares: 14,009,730

Shares Outstanding: 28,265,710

2025-03-31

46.52%

Inst. Shares: 12,894,274

Shares Outstanding: 27,718,912

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	15,774,923	28,298,861	55.74%
2025-12-31	17,155,853	28,138,140	60.97%
2025-09-30	14,889,420	28,279,527	52.65%
2025-06-30	14,009,730	28,265,710	49.56%
2025-03-31	12,894,274	27,718,912	46.52%
2024-12-31	13,977,274	27,617,335	50.61%
2024-09-30	14,159,904	27,709,203	51.10%
2024-06-30	12,852,918	27,674,567	46.44%
2024-03-31	15,366,866	27,368,204	56.15%
2023-12-31	16,167,285	27,148,538	59.55%
2023-09-30	14,071,610	26,978,969	52.16%
2023-06-30	14,121,786	26,977,682	52.35%
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OPAL Fuels Inc. (OPAL) — SEC Financial Statements & Analysis

OPAL Fuels Inc. (OPAL) is a gas & other services combined company. OPAL Fuels Inc. trades on Nasdaq as: OPAL. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), OPAL Fuels Inc. reported a 3.02% year-over-year revenue growth, a Gross Profit Margin of 85.17% (TTM), a Debt-to-Equity ratio of 13.82x, a Price-to-Sales (P/S) ratio of 0.19x (TTM), a Price-to-Book (P/B) ratio of 1.72x (TTM), at a market cap of $65.21M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 3.02%
Gross Profit Margin TTM: 85.17%
Debt To Equity: 13.82x
P/S TTM: 0.19x
P/B TTM: 1.72x
Market Cap: $65.21M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is OPAL Fuels Inc. in?

OPAL Fuels Inc. (OPAL) operates in the Gas & Other Services Combined industry.

What is OPAL's market cap?

OPAL Fuels Inc. (OPAL) has a market capitalization of $65.21M as of 2026-06-30.

What exchange does OPAL trade on?

OPAL Fuels Inc. (OPAL) trades on the Nasdaq.

OPAL Fuels Inc.

Financial Statements

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Interactive Financial Visualizations

Earnings Market Reaction

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OPAL Fuels Inc. (OPAL) — SEC Financial Statements & Analysis

Frequently Asked Questions

Companies in Gas & Other Services Combined

Wall Street's data.
Main Street's price.

OPAL Fuels Inc. (OPAL) — SEC Financial Statements & Analysis

Frequently Asked Questions

Companies in Gas & Other Services Combined

Wall Street's data.Main Street's price.

Wall Street's data.
Main Street's price.