Welcome to our dedicated page for OPAL Fuels SEC filings (Ticker: OPAL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The OPAL Fuels Inc. (Nasdaq: OPAL) SEC filings page on Stock Titan provides access to the company’s official regulatory disclosures, including current reports on Form 8-K and other key documents filed with the U.S. Securities and Exchange Commission. These filings offer detailed information on OPAL Fuels’ financial performance, governance decisions, and material events affecting its renewable natural gas and transportation fuel business.
OPAL Fuels uses Form 8-K to report quarterly results, project updates, and corporate actions. Recent 8-K filings include items under Item 2.02 – Results of Operations and Financial Condition, where the company furnishes press releases summarizing revenue by segment (RNG Fuel, Fuel Station Services, Renewable Power), RNG production volumes, transportation fuel volumes, and Adjusted EBITDA. These filings also explain the company’s use of non-GAAP measures and how Adjusted EBITDA is calculated.
Other 8-K filings under Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements describe appointments of new board members, their backgrounds, and related equity awards under the director compensation policy. Filings under Item 5.07 – Submission of Matters to a Vote of Security Holders detail annual meeting results, including director elections and auditor ratification.
Through Stock Titan, users can follow OPAL Fuels’ SEC activity in near real time, with filings sourced from EDGAR. The platform highlights key forms such as 10-K annual reports, 10-Q quarterly reports, and 8-K current reports when available, and offers AI-powered summaries that break down complex sections into clearer language. Investors can also review disclosures related to non-GAAP metrics, voting outcomes, and capital structure, helping them understand how OPAL Fuels manages its RNG projects, fuel station services, and renewable power operations within a regulated reporting framework.
OPAL Fuels Inc. files its Annual Report describing a vertically integrated business that captures biogas from landfills and dairies and converts it into renewable natural gas (RNG) and renewable power for transportation and utility markets in the United States.
The company’s main revenue comes from selling environmental credits such as RINs, LCFS credits, ISCC Carbon Credits and RECs generated when RNG is used as vehicle fuel. In 2025 it dispensed 74 million gasoline gallon equivalents of RNG and operated 27 projects: 12 RNG plants with 9.1 million MMBtus per year of design capacity and 15 renewable power facilities totaling 105.8 MW.
OPAL outlines growth plans through additional RNG projects under construction, converting selected power plants to RNG, expanding fueling stations, and entering hydrogen fueling. Key risks center on dependence on long-term gas rights, regulatory incentives, environmental compliance, third-party pipelines and utilities, and volatility in prices for fuels and environmental attributes.
OPAL Fuels Inc. reported strong fourth-quarter and full-year 2025 results, highlighting growth in RNG production and tax-credit monetization. Full-year revenue rose to $348.975 million, up 16% from 2024, while net income increased to $36.411 million. Adjusted EBITDA was stable at $90.205 million, with a stronger Q4 showing of $34.177 million versus $22.598 million a year earlier.
RNG production grew to 4.9 million MMBtu, 29% higher than 2024, and the company sold $42.9 million of Investment Tax Credits and began recognizing 45Z production tax credits. Liquidity as of December 31, 2025 was $168.2 million, and OPAL Fuels closed a new $180 million preferred stock facility, issuing $120 million and using approximately $100 million to redeem existing Series A Preferred Units, with $60 million remaining available.
For 2026, OPAL Fuels projects Adjusted EBITDA between $95 million and $110 million, assuming an average realized D3 RIN price of $2.45 per gallon and RNG production of 5.4–5.8 million MMBtu, signaling expectations for continued operational expansion.
NextEra Energy Inc. and its subsidiary Mendocino Capital, LLC report beneficial ownership of 2,158,547 shares of OPAL Fuels Inc. Class A common stock, representing 7.4% of the class. The percentage is based on 28,996,177 Class A shares outstanding as of November 7, 2025.
This Amendment No. 3 updates their disclosure about contracts and relationships by noting that Mendocino previously held Series A Preferred Units of Opal Fuels LLC and requested redemption of all such units on December 3, 2025. Opal Fuels LLC fully redeemed all of these Series A Preferred Units from Mendocino on March 6, 2026.
OPAL Fuels Inc. reported an insider-related derivative transaction involving warrants tied to its Class A common stock. On March 6, 2026, OPAL Fuels LLC, a subsidiary, entered into a transaction with an affiliate of Fortistar LLC, described as the Investor. In connection with this deal, the company issued the Investor a warrant to purchase up to 3,000,000 shares of Class A common stock, issuable in multiple tranches and subject to forfeiture under certain conditions.
The Form 4 attributes the position indirectly to director and 10% owner Mark S. Comora through Fortistar LLC. The filing shows an acquisition of 3,000,000 warrants at a stated price of $0.0000 per warrant, with 3,000,000 derivative securities indirectly owned following the transaction.
OPAL Fuels Inc., through subsidiary OPAL Fuels LLC, entered into a preferred equity financing of up to $180,000,000 with an affiliate of Fortistar. An initial $120,000,000 of Series A Preferred Units was issued at $100 per unit, carrying a 12% annual dividend compounding quarterly, with a partial payment-in-kind option.
About $100,000,000 of the initial proceeds redeemed existing Series A preferred units held by a NextEra Energy affiliate, with remaining funds for general corporate and project uses. The investor committed up to an additional $60,000,000 within one year and received a warrant for up to 3,000,000 Class A common shares at a price equal to the 20‑day VWAP plus $0.50.
Separately, OPAL Fuels Intermediate HoldCo LLC drew approximately $128.4 million under its existing credit agreement, using part of the proceeds to repay about $20 million outstanding on its revolving loan facility.
Invesco Ltd. filed an amended Schedule 13G reporting beneficial ownership of 5,206,386 shares of OPAL Fuels Inc common stock, representing 18.0% of the class as of the event date. Invesco reports sole voting power over 5,205,722 shares and sole dispositive power over 5,206,386 shares, with no shared voting or dispositive power.
The filing explains that these shares are held of record by clients of Invesco’s investment advisers, with Invesco acting as a parent holding company. Invesco Capital Management LLC, a subsidiary, advises the Invesco WilderHill Clean Energy ETF, which owns 17.90% of the OPAL Fuels security, but no single investor in the fund has more than 5% economic ownership. Invesco certifies that the securities are held in the ordinary course of business and not for the purpose of influencing control of OPAL Fuels.
OPAL Fuels Inc. reported Q3 2025 results with total revenue of $83.4 million, slightly lower than $84.0 million a year ago. Segment trends were mixed: RNG Fuel revenue was $22.9 million (down from $25.9 million), Fuel Station Services rose to $51.7 million (from $45.4 million), and Renewable Power declined to $8.7 million (from $12.8 million).
Operating income was $3.6 million versus $12.3 million last year. A $14.6 million income tax benefit supported net income of $11.4 million (vs. $17.1 million). Diluted EPS was $0.05, compared with $0.09. Year‑to‑date, revenue reached $249.2 million (from $219.9 million) and net income was $20.2 million (from $19.7 million), aided by a $36.3 million tax benefit.
Cash from operations was $40.0 million for the nine months, up from $31.9 million. Cash and cash equivalents were $29.9 million, and the OPAL Term Loan balance increased to $313.3 million. Stockholders’ equity improved to $10.3 million from a $(147.8) million deficit at year‑end 2024. The company recorded lower‑of‑cost‑or‑market charges on environmental credits of $4.5 million in Q3 and $15.1 million year‑to‑date. Backlog for Fuel Station Services was $51.5 million as of September 30, 2025.
OPAL Fuels Inc. furnished an 8‑K under Item 2.02 announcing a press release with financial results for the quarter ended September 30, 2025. The press release is attached as Exhibit 99.1 and the information is being furnished, not filed, under the Exchange Act.
The company highlights its use of a non‑GAAP metric, Adjusted EBITDA, which adjusts GAAP results for items such as interest and financing expense, non‑controlling interests, depreciation, amortization and accretion, equity method adjustments, fair value changes, non‑recurring charges, stock‑based compensation, major maintenance on Renewable Power, RNG development costs, and ITC proceeds, net. Reconciliations to the most comparable GAAP measure are included in the exhibit, along with forward‑looking statements disclaimers.
OPAL Fuels Inc. reported a director equity award on Form 4. On November 1, 2025, the reporting person was granted 23,340 restricted stock units (RSUs) under the company’s 2022 Omnibus Equity Incentive Plan.
The RSUs are scheduled to vest on October 31, 2026, contingent on continued service. Each RSU represents the right to receive, at settlement, one share of Class A common stock. Following the grant, 23,340 derivative securities were shown as beneficially owned, held directly, with a derivative price of $0.
OPAL Fuels Inc. filed a Form 3 initial statement of beneficial ownership for director Scott Sutton with an event date of 11/01/2025. The filing indicates it was submitted by one reporting person and includes the role of Director.
According to the remarks, no securities are beneficially owned. No non-derivative or derivative holdings are listed in the tables.