# OPAL Fuels Inc.: overview OPAL · Nasdaq · CIK 1842279 · [Utilities](/sectors/utilities.md) · fiscal year ends Dec 31 Pages: [Overview](/companies/opal.md) · [Financials](/companies/opal/financials.md) · [Filings](/companies/opal/filings.md) · [Insiders](/companies/opal/insiders.md) Latest reported revenue: [$79.7m](/filings/0001628280-26-054995.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 10, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001628280-26-054995). ## Last eight quarters | Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | | --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [82.6](/filings/0001628280-25-050643.md) | [74.5 d](/filings/0001628280-26-017908.md) | [83.0](/filings/0001628280-26-033091.md) | [77.4](/filings/0001628280-26-054995.md) | [77.9](/filings/0001628280-25-050643.md) | [88.4 d](/filings/0001628280-26-017908.md) | [67.4](/filings/0001628280-26-033091.md) | [79.7](/filings/0001628280-26-054995.md) | | Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | | Operating margin | % | [14.9%](/filings/0001628280-25-050643.md) | [(0.5%) d](/filings/0001628280-26-017908.md) | [(2.3%)](/filings/0001628280-26-033091.md) | [(1.1%)](/filings/0001628280-26-054995.md) | [4.6%](/filings/0001628280-25-050643.md) | [7.5% d](/filings/0001628280-26-017908.md) | [(7.2%)](/filings/0001628280-26-033091.md) | [(3.8%)](/filings/0001628280-26-054995.md) | | Net margin | % | [20.7%](/filings/0001628280-25-050643.md) | [(7.2%) d](/filings/0001628280-26-017908.md) | [1.5%](/filings/0001628280-26-033091.md) | [9.8%](/filings/0001628280-26-054995.md) | [14.6%](/filings/0001628280-25-050643.md) | [18.3% d](/filings/0001628280-26-017908.md) | [(8.3%)](/filings/0001628280-26-033091.md) | [(5.2%)](/filings/0001628280-26-054995.md) | | Diluted EPS | $ per share | [0.09](/filings/0001628280-25-050643.md) | not reported | [(0.01)](/filings/0001628280-26-033091.md) | [0.03](/filings/0001628280-26-054995.md) | [0.05](/filings/0001628280-25-050643.md) | not reported | [(0.09)](/filings/0001628280-26-033091.md) | [(0.05)](/filings/0001628280-26-054995.md) | | Free cash flow | $m | [(5.4) d](/filings/0001628280-25-050643.md) | [(55.0) d](/filings/0001628280-26-017908.md) | [18.1](/filings/0001628280-26-033091.md) | [(29.7) d](/filings/0001628280-26-054995.md) | [(9.3) d](/filings/0001628280-25-050643.md) | [(13.4) d](/filings/0001628280-26-017908.md) | [(11.5)](/filings/0001628280-26-033091.md) | [(17.6) d](/filings/0001628280-26-054995.md) | - Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure. ## Last five fiscal years | Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) | | --- | --- | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [162](/filings/0001842279-23-000009.md) | [231](/filings/0001842279-24-000012.md) | [251](/filings/0001842279-25-000049.md) | [291](/filings/0001628280-26-017908.md) | [327](/filings/0001628280-26-017908.md) | | Gross margin | % | not reported | not reported | not reported | not reported | not reported | | Operating margin | % | [6.8%](/filings/0001842279-23-000009.md) | [3.3%](/filings/0001842279-24-000012.md) | [2.8%](/filings/0001842279-25-000049.md) | [7.3%](/filings/0001628280-26-017908.md) | [2.3%](/filings/0001628280-26-017908.md) | | Net margin | % | [(10.0%)](/filings/0001193125-22-070682.md) | [14.1%](/filings/0001842279-24-000012.md) | [50.6%](/filings/0001842279-25-000049.md) | [4.9%](/filings/0001628280-26-017908.md) | [11.1%](/filings/0001628280-26-017908.md) | | Diluted EPS | $ per share | [0.00](/filings/0001842279-23-000009.md) | [0.12](/filings/0001842279-24-000012.md) | [0.69](/filings/0001842279-25-000049.md) | [0.02](/filings/0001628280-26-017908.md) | [0.15](/filings/0001628280-26-017908.md) | | Free cash flow | $m | [(70.8)](/filings/0001842279-23-000009.md) | [(133)](/filings/0001842279-24-000012.md) | [(75.6)](/filings/0001842279-25-000049.md) | [(95.9)](/filings/0001628280-26-017908.md) | [(34.2)](/filings/0001628280-26-017908.md) | - Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Net income: us-gaap:ProfitLoss. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing. ## Insider purchases and sales The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/opal/insiders.md) None in coverage. ## Funds that report holding it From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md) | Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before | | --- | --- | ---: | ---: | --- | --- | | [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $9.0m | 4,078,082 | | Added +866,072 | | [ARES MANAGEMENT LLC](/funds/1259313.md) | 2026-06-30 | $6.7m | 3,059,533 | | Unchanged | | [Electron Capital Partners, LLC](/funds/1586986.md) | 2026-06-30 | $4.0m | 1,800,000 | | Unchanged | | [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $3.1m | 1,405,752 | | Added +155,469 | | [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $2.2m | 1,005,343 | | Reduced −902 | | [Yaupon Capital Management LP](/funds/1755028.md) | 2026-06-30 | $1.8m | 810,183 | | Added +29,491 | | [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $1.3m | 596,160 | | Added +114,213 | | [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $1.2m | 546,611 | | Added +24,415 | | [Rockefeller Capital Management L.P.](/funds/1739439.md) | 2026-06-30 | $998.0k | 453,632 | | Unchanged | | [SIR Capital Management, L.P.](/funds/1434997.md) | 2026-06-30 | $822.5k | 373,849 | | Unchanged | ## Recent filings [All 472 filings](/companies/opal/filings.md) | Filed | Accepted | Form | What it is | Accession | | --- | --- | --- | --- | --- | | 2026-10-21 | 21:48 ET | [8-K](/filings/0001628280-26-066561.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-066561 | | 2026-10-20 | 20:03 ET | [8-K](/filings/0001628280-26-066487.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-066487 | | 2026-08-10 | 11:20 ET | [10-Q](/filings/0001628280-26-054995.md) | Quarterly report, period 2026-06-30 | 0001628280-26-054995 | | 2026-08-10 | 11:08 ET | [8-K](/filings/0001628280-26-054993.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-054993 | | 2026-07-28 | 13:24 ET | [8-K](/filings/0001628280-26-049952.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-049952 | | 2026-06-22 | 20:09 ET | [8-K](/filings/0001628280-26-044625.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001628280-26-044625 | | 2026-06-03 | 20:14 ET | [8-K](/filings/0001628280-26-040255.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001628280-26-040255 | | 2026-05-20 | 20:18 ET | [8-K](/filings/0001628280-26-036906.md) | 3.03 Change to security holders’ rights; 9.01 Financial statements and exhibits | 0001628280-26-036906 | | 2026-05-11 | 11:20 ET | [8-K](/filings/0001628280-26-033124.md) | 2.02 Results of operations | 0001628280-26-033124 | | 2026-05-11 | 00:18 ET | [10-Q](/filings/0001628280-26-033091.md) | Quarterly report, period 2026-03-31 | 0001628280-26-033091 | ## Latest annual report [Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001628280-26-017908.md), filed Mar 16, 2026. ## Forecast league Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/fb09c86c-0ef9-487d-8c7d-290a637dcf3f) ## About the filer - CIK: 1842279 - Tickers: OPAL - Exchange: Nasdaq - SIC code: 4932 Gas & Other Services Combined - State of incorporation: not reported - Filer category:
Emerging growth company Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:49 ET. No prices; not investment advice.