Quarterly ResultMay 11, 2026, 07:26 AM
OPAL Fuels Q1 Revenue $73.4M; Net Loss $(5.6)M
AI Summary
OPAL Fuels Inc. reported a challenging first quarter for 2026 with revenue decreasing 14% to $73.4 million and a net loss of $(5.6) million, compared to net income of $1.3 million in the prior year. Despite the financial declines, the company increased RNG production by 9% and maintained its full-year guidance, citing improved production trends and firming environmental credit prices. OPAL Fuels also completed significant financing transactions, including a $180 million Preferred Stock Facility and the monetization of IRA Investment Tax Credits and 45Z Production Tax Credits, strengthening its capital structure for future growth.
Key Highlights
- Revenue for Q1 2026 was $73.4 million, a 14% decrease from $85.4 million in Q1 2025.
- Net loss for Q1 2026 was $(5.6) million, compared to net income of $1.3 million in Q1 2025.
- Adjusted EBITDA for Q1 2026 was $16.7 million, down from $20.1 million in Q1 2025.
- RNG produced increased by 9% to 1.2 million MMBtu in Q1 2026 compared to prior year.
- Completed refinancing of Preferred Units with a new $180 million Preferred Stock Facility.
- Completed fifth sale of IRA Investment Tax Credits for $23 million.
- Entered a $100 million Master Agreement to monetize 45Z Production Tax Credits.
- The company maintains its full-year 2026 guidance.
Price Impact
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