Every 10-Q that OPAL Fuels Inc. (OPAL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow OPAL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full OPAL filings page.
OPAL Fuels Inc. reported second-quarter 2026 revenue of $83.4 million, slightly above the prior year’s quarter, but posted a net loss of $4.1 million versus net income of $7.6 million a year earlier. The six‑month period showed revenue of $156.8 million and a net loss of $9.7 million.
Results were pressured by higher interest and financing expense of $15.3 million year‑to‑date, a $4.1 million impairment of Renewable Power and Fuel Station Services assets linked to repurposing a facility, and a shift from income tax benefits of $21.7 million to $10.4 million, despite Section 45Z production tax credits and sale of $9.6 million of ITCs.
Operating cash flow improved to $23.7 million for the first six months, supporting $52.7 million of capital expenditures, mostly in RNG Fuel. Cash, restricted cash, and cash equivalents rose to $95.2 million, funded by additional term‑loan borrowings and $121.8 million of new Series A preferred units offset by redemption of prior preferred units. Total debt rose, with the OPAL Term Loan balance increasing to $421.6 million. Customer concentration remains high, with one customer contributing 43% of year‑to‑date revenue. The company also disclosed ongoing construction contract disputes and related arbitration and lien proceedings.
OPAL Fuels Inc. reported weaker Q1 2026 results, with revenue of $73.4 million compared with $85.4 million a year earlier and a net loss of $5.6 million versus prior net income of $1.3 million. The decline was driven mainly by lower environmental attribute and fuel station services revenue.
RNG fuel revenue fell to $21.6 million from $27.6 million, while fuel station services dropped to $44.6 million from $50.7 million; renewable power was roughly flat at $7.2 million. Net loss attributable to Class A common stockholders was $2.6 million, or $0.09 per share, compared with a $0.01 loss per share.
Despite the loss, OPAL boosted liquidity, ending the quarter with $133.2 million in cash and cash equivalents, up from $24.4 million at year-end, helped by $128.4 million of new term loan borrowings and $116.7 million of new Series A preferred capital at its operating subsidiary. Total assets reached $1.06 billion, but total debt rose, with principal maturities heavily concentrated in 2028.
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.