NASDAQ$OPAL

Opal Fuels Inc-A · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

OPAL Fuels reported Q1 2025, revenue of $85.4M, net income of $1.3M, diluted EPS of $-0.01.

For Q1 2025, OPAL Fuels reported revenue of $85.4M, net income of $1.3M, diluted EPS was $-0.01. Management discusses operating trends, capital, and sector risks in the quarterly filing.

  • Q1 2025 revenue $85.4M.
  • Net income $1.3M.
  • Diluted EPS $-0.01.

Headline financials

Total Revenue

$85.4M

Previous: $65M+31.5%
EPS (adj)

-$0.01

Previous: -$0.01+0.0%
RNG Produced (MMBtu)

1.1M

Previous: 800.0K+37.5%
RNG Dispensed (GGEs)

19.5M

Previous: 16.4M+18.9%
Total Volumes Sold/Dispensed/Serviced (GGEs)

40.6M

Previous: 35.0M+16.0%
Landfill RNG Design Capacity (MMBtu)

2.3M

Previous: 1.3M+76.9%
Inlet Design Capacity Utilization

69.0%

Previous: 80.0%-13.8%
Utilization of Inlet Gas

77.0%

Previous: 81.0%-4.9%
Capital Expenditures

-$11.6M

Previous: -$26.8M+56.8%
Net Income

$1.28M

Previous: $677K+89.7%
Operating Income

-$1.94M

Previous: $3.57M-154.4%

Revenue & EPS history

Opal Fuels · Revenue · Quarterly

$85.4M

Q1 2025+31.5%vs Q1 2024
Beat estimate in 1 of 14 quarters(7%)
ActualEstimate

Revenue by segment

Opal Fuels · $71.1M total across 3 segments · Q3 2023

  • Fuel Station Services
    $37.3M
  • RNG Fuel
    $20.1M
  • Renewable Power
    $13.7M

Forward guidance

Energy and industrial technology firms cite project timing, utilization, and capital spending rather than numeric EPS guidance in the 10-Q.

Tailwinds

  • Backlog and contracted revenue where applicable.
  • New product cycles in renewables or sensing.
  • Balance-sheet capacity for growth investments.

Headwinds

  • Commodity and project delay risk.
  • Startup costs on new facilities or lines.
  • Customer capex cycles in oilfield or industrial markets.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 14 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-1.1%

Avg return

Earnings day

-3.6%

Avg return

5 days after

-1.7%

Avg return

30 days after

40%

6 / 15 earnings

Positive

+30.3%

Q4 2025

Best reaction

-12.9%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.5%-14.5%-14.5%
Q4 2025+30.3%-3.7%+15.0%
Q3 2025+4.0%+13.1%+30.2%
Q1 2025-7.5%-6.6%+33.2%
Q4 2024-12.9%-7.2%-26.4%
Q3 2024+0.0%-3.9%-4.7%
Q2 2024-2.4%-9.0%-14.9%
Q1 2024+2.4%-1.0%-7.3%
Q4 2023+1.9%+1.5%+0.4%
Q3 2023+0.9%+7.0%+0.3%
Q2 2023-5.1%-4.0%-9.5%
Q1 2023+0.5%+0.0%-5.0%
Q4 2022-3.4%-1.3%+7.5%
Q3 2022-10.4%-12.4%-16.5%
Q2 2022-10.9%-12.2%-12.9%

Discussion

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