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.
OPAL Fuels Inc. filings document the company's renewable natural gas operations, fueling-station services, renewable power activities, governance and capital structure. Its 8-K reports include results of operations and financial condition, earnings-related Regulation FD disclosures, and non-GAAP measures such as Adjusted EBITDA.
Other filings cover material definitive agreements involving OPAL Fuels LLC preferred units, redemption and financing arrangements, director appointments, board committee service and equity compensation. Proxy materials disclose annual meeting proposals, director elections, auditor ratification, voting mechanics and governance matters for the public company.
Sutton Scott McDougald reported acquisition or exercise transactions in this Form 4 filing.
OPAL Fuels Inc. director Sutton Scott McDougald received a grant of 54,773 restricted stock units on March 31, 2026 under the company’s 2022 Omnibus Equity Incentive Plan. The RSUs are scheduled to vest on March 31, 2027 if he continues providing services to the company.
Each RSU represents one share of Class A common stock upon settlement. Following this award, McDougald directly holds 78,113 restricted stock units in total. This is a compensation-related equity grant rather than an open-market share purchase or sale.
Moll Lance D reported acquisition or exercise transactions in this Form 4 filing.
OPAL Fuels Inc. director Lance D. Moll received a grant of 54,773 restricted stock units as equity compensation under the company’s 2022 Omnibus Equity Incentive Plan.
The RSUs are scheduled to vest on March 31, 2027, and each unit represents one share of Class A common stock, bringing his direct holdings to 81,453 shares after the award.
OPAL Fuels Inc. director Scott V. Dols exercised 66,073 restricted stock units into the same number of Class A common shares on March 31, 2026, as part of their scheduled vesting. On the same date, he received a new award of 54,773 RSUs that are scheduled to vest on March 31, 2027, contingent on continued service. Following these transactions, he directly holds 195,672 shares of Class A common stock and 54,773 RSUs.
OPAL Fuels Inc. director Nisar Nadeem reported routine equity compensation activity. On March 31, 2026, he settled 66,073 restricted stock units into the same number of Class A common shares on their scheduled vesting date and now directly holds 207,785 Class A shares. On the same date, he received a new grant of 54,773 restricted stock units under the 2022 Omnibus Equity Incentive Plan, scheduled to vest on March 31, 2027 if he continues providing services to the company. These transactions reflect option-style exercises and awards rather than open-market buying or selling.
Martell James J reported acquisition or exercise transactions in this Form 4 filing.
OPAL Fuels director James J. Martell reported routine equity compensation changes. On March 31, 2026, 66,073 restricted stock units settled into an equal number of Class A common shares at a stated price of $0.00 per share, reflecting scheduled vesting. On the same date, he received a new grant of 54,773 restricted stock units under the 2022 Omnibus Equity Incentive Plan, which are scheduled to vest on March 31, 2027 if he continues providing services. Following these transactions, he directly holds 107,224 shares of Class A common stock and 54,773 restricted stock units.
OPAL Fuels Inc. director Vemuri Ashok acquired shares through equity compensation. On March 31, 2026, 66,073 restricted stock units settled into an equal number of Class A common shares at no exercise price on their scheduled vesting date. Following this settlement, he directly held 122,785 Class A common shares. On the same date, he also received a grant of 54,773 new restricted stock units under the 2022 Omnibus Equity Incentive Plan, scheduled to vest on March 31, 2027, contingent on continued service. These transactions reflect compensation-related awards and a derivative exercise, with no open‑market purchases or sales.
OPAL Fuels Inc. director Betsy L. Battle acquired equity through routine compensation-related transactions. On March 31, 2026, she settled 66,073 restricted stock units (RSUs) into 66,073 shares of Class A common stock on their scheduled vesting date, with no cash exercise price.
On the same date, she received a new grant of 54,773 RSUs under the company’s 2022 Omnibus Equity Incentive Plan, scheduled to vest on March 31, 2027 if she continues providing services. Following these events, she directly holds 122,785 shares of Class A common stock and 54,773 unvested RSUs.
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.