OPAL Fuels Inc. Class A (OPAL)

OPAL Fuels reported its Q4 2025 earnings with an EPS miss but revenue exceeding estimates; full year 2025 revenues increased by 16% and RNG production increased by 29%. The company announced a master agreement to monetize $100 million of Section 45Z Clean Fuel Production Tax Credits. OPAL Fuels announced the release date for its Q1 2026 earnings results. Investor sentiment deteriorated, causing a stock decline. The Co-Chief Executive Officer exercised options and sold $263,000 worth of stock.

The demand and pricing for OPAL Fuels' products are influenced by seasonality. Management is addressing seasonal demand patterns and evaluating the conversion of Renewable Power sites to RNG to potentially capture higher margins. Volatility in fuel prices, the regulatory environment, and access to biogas production resources also affect demand.

OPAL Fuels, Inc. is a vertically integrated renewable fuels platform specializing in the production and distribution of renewable natural gas (RNG) for the heavy-duty truck market in the United States. The company captures methane emissions from sources like landfills and dairy farms, purifying them, and converting this biogas into low-carbon intensity RNG to displace diesel as a transportation fuel. OPAL Fuels produces and distributes RNG, designs, develops, constructs, operates, and services fueling stations, generates and sells renewable power to utilities, and generates revenue from the sale of environmental attributes.

OPAL Fuels, Inc. operates nationwide with a presence across 42 states and over 350 facilities, including RNG and fueling station projects. As of March 2026, OPAL Fuels operated 27 projects, with 12 being RNG projects and 15 being Renewable Power projects. Their headquarters are located in White Plains, New York.

OPAL Fuels has a strong reputation built on years of proven results and expertise in the energy and transportation markets. The company emphasizes its role as a leader in capturing North America's methane emissions and decarbonizing the transportation industry. A visit by Congressman Greg Murphy, M.D., to their Sapphire Renewable Natural Gas Facility positively impacted their reputation, showcasing their commitment to domestic energy security and environmental benefits.

OPAL Fuels Inc. has a mixed ownership structure, including institutional, retail, and individual investors. Major institutional owners include Invesco Ltd., Ares Management LLC, and Vanguard Group Inc. Mark S. Comora is the largest individual shareholder, owning 71.81% of the company.