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.
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.
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.
OPAL Fuels Inc. appointed Scott M. Sutton to its Board and Compensation Committee, effective November 1, 2025. Sutton brings more than 30 years of leadership in the chemicals industry, including service as President and CEO of Olin Corporation and senior roles at Celanese, Prince International, Chemtura AgroSolutions, Landmark, and Albemarle.
He will receive director compensation under the company’s policy. In connection with his appointment, Sutton will be granted $56,250 in restricted stock units, calculated based on the November 1, 2025 closing share price and prorated against the company’s $135,000 annual non-employee director award; the grant will cliff vest on November 1, 2026. The company noted there were no arrangements or understandings leading to his selection and no related party transactions requiring disclosure. A press release announcing the appointment was furnished as Exhibit 99.1.
OPAL Fuels Inc. announced timing for its next financial update. The company will report earnings for the three and nine months ended September 30, 2025 after market close on November 6, 2025. A conference call to discuss the results is scheduled for November 7, 2025 at 11:00 a.m. Eastern Time. The announcement was accompanied by a press release filed as Exhibit 99.1.
Invesco Ltd. reports beneficial ownership of 2,937,645 shares of OPAL Fuels Inc. common stock, representing 10.1% of the class as of the reporting event date. The shares are held of record by clients of Invesco and advised through a subsidiary, Invesco Capital Management LLC, including the Invesco WilderHill Clean Energy ETF which holds 10.09% of the security reported.
The filing states Invesco Ltd. may be deemed a parent holding company and that the position is held in the ordinary course of business and not for the purpose of changing or influencing control. Voting and dispositive powers are shown as 2,936,923 shares for sole voting power and 2,937,645 shares for sole dispositive power. The statement is signed by the Global Head of Compliance on 10/07/2025.