Quarterly ResultMay 11, 2026, 06:07 AM
OPAL Fuels Q1 Net Loss $(2.64)M; Revenue Down 14.1%
AI Summary
OPAL Fuels Inc. reported a significant widening of its net loss attributable to Class A common stockholders to $(2.64) million, or $(0.09) per share, for the first quarter of 2026, compared to a net loss of $(0.24) million, or $(0.01) per share, in the prior year period. Total revenues declined by 14.1% year-over-year to $73.38 million. Despite the operational losses, the company substantially increased its cash and cash equivalents to $133.24 million, driven by significant proceeds from new loans and the issuance of redeemable preferred non-controlling interest and warrants.
Key Highlights
- Total revenues decreased by 14.1% to $73.38 million for Q1 2026, from $85.41 million in Q1 2025.
- Net loss attributable to Class A common stockholders widened to $(2.64) million in Q1 2026, from $(0.24) million in Q1 2025.
- Basic and diluted loss per share was $(0.09) for Q1 2026, compared to $(0.01) for Q1 2025.
- Cash and cash equivalents significantly increased to $133.24 million as of March 31, 2026, from $24.41 million at December 31, 2025.
- Net cash provided by operating activities was $12.92 million for Q1 2026, down from $29.68 million in Q1 2025.
- The company drew $128.38 million under its term loan facility and received $116.67 million from redeemable preferred non-controlling interest and warrants issuance.
- RNG fuel revenue decreased to $21.64 million from $27.60 million, and fuel station services revenue decreased to $44.57 million from $50.68 million.