NASDAQ$OPAL
Opal Fuels Inc-A · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
Opal Fuels Inc-A reported Q2 2025 results with total revenue of $80.5 million and net income of $7.6 million.
The company achieved total revenues of $80.5 million for the three months ended June 30, 2025, driven by growth in RNG Fuel and Fuel Station Services segments. Net income reached $7.6 million, supported by income tax benefits from investment tax credit sales, while operating loss was $0.8 million. Segment performance showed strong RNG production and environmental attribute monetization amid ongoing project expansions.
- Total revenues increased 13% year-over-year to $80.5 million, led by RNG Fuel and Fuel Station Services.
- Net income attributable to Class A common stockholders was $0.8 million with basic and diluted EPS of $0.03.
- RNG production reached 1.2 million MMBtus with inlet utilization at 76% and overall utilization of inlet gas at 75%.
- Cash and cash equivalents stood at $29.3 million with total assets of $905.5 million at quarter end.
Headline financials
Revenue & EPS history
Opal Fuels · Revenue · Quarterly
$80.5M
Revenue by segment
Opal Fuels · $80.5M total across 3 segments · Q2 2025
- Fuel Station Services$47M—58.4%
- RNG Fuel$25.1M—31.2%
- Renewable Power$8.3M—10.3%
Forward guidance
The company continues to expand its RNG production capacity through projects in construction and development while monitoring regulatory and market conditions for environmental attributes.
Tailwinds
- Multiple RNG projects advancing in construction phase
- Strong demand for environmental attributes in transportation sector
Headwinds
- Potential changes to federal and state incentives for renewable energy
- Seasonality and commodity price volatility affecting revenues
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 14 quarterly earnings reports
-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 |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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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