NASDAQ$OPAL
Opal Fuels Inc-A · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
OPAL Fuels reported Q1 2026 total revenues of $73.4M (-14% YoY) and a net loss attributable to Class A holders of $2.6M.
For the quarter ended March 31, 2026, OPAL posted total revenues of $73.4 million, down 14% from $85.4 million, with RNG fuel revenue $21.6M and fuel-station services $44.6M. Operating loss was $4.8 million; after tax benefit and non-controlling interests, net loss attributable to Class A common stockholders was $2.6 million. Income tax benefit of $5.7 million partially offset pre-tax losses.
- Total revenues $73.4M (-14% YoY); RNG fuel $21.6M; station services $44.6M.
- Operating loss $4.8M; net loss to Class A stockholders $2.6M.
- On-demand RNG marketing and environmental attributes remain growth focus.
- Project development costs down sharply YoY.
- Renewable power segment revenue $7.2M, roughly flat.
Headline financials
Revenue & EPS history
Opal Fuels · Revenue · Quarterly
$73.4M
Revenue by segment
Opal Fuels · $71.1M total across 3 segments · Q3 2023
- Fuel Station Services$37.3M—52.5%
- RNG Fuel$20.1M—28.3%
- Renewable Power$13.7M—19.3%
Forward guidance
OPAL discusses RNG volumes, RIN/LCFS economics, and station build-out without formal EPS guidance in the 10-Q.
Tailwinds
- Tax benefit and JV structures mitigated reported loss.
- Cost discipline lowered project development spend.
Headwinds
- Top-line decline across RNG and station segments.
- Operating loss widened year over year.
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 2026
-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
| Quarter | Report date | Reaction (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% |
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