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OPAL Fuels Inc. OPAL RNG fuel — Project development and startup costs

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Renewable Power Segment
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Other financials

Income statement

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Revenue$73.4M-14.1%
Operating income-$4.8M-149%
Net income-$5.6M-536%
EPS (diluted)-$0.09-800%

Balance sheet

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Cash & equivalents$137.0M+205%
Total debt$475.5M+59.2%
Total equity$8.2M-85.6%
Total assets$1.1B+19.9%

Cash flow

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Operating cash flow$12.9M-56.5%
CapEx$24.4M+111%
Free cash flow-$11.5M-163%

Valuation

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Market cap$66.79M-15.3%
Enterprise value$405.35M+10.5%
P/E2.3×
P/S0.2×0.0×

Profitability

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Operating margin1.3%-3.7pp
Net margin8.8%
FCF margin-18.9%-1.1pp

Returns & leverage

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Return on equity90.4%
Debt / equity57.9×+52.6×
Current ratio2.2×+1.1×

Where this comes from

Reported directly by OPAL Fuels Inc. in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: OPAL Fuels Inc.’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is OPAL Fuels Inc.'s RNG fuel — project development and startup costs?
OPAL Fuels Inc. (OPAL) reported RNG fuel — project development and startup costs of $1.82M in Q1 2026.
How has OPAL Fuels Inc.'s RNG fuel — project development and startup costs changed year-over-year?
OPAL Fuels Inc.'s RNG fuel — project development and startup costs decreased by 70.2% year-over-year, from $6.08M to $1.82M.
What is the long-term trend for OPAL Fuels Inc.'s RNG fuel — project development and startup costs?
Over 2 years (2023 to 2025), OPAL Fuels Inc.'s RNG fuel — project development and startup costs has grown at a 75.2% compound annual growth rate (CAGR), from $4.87M to $14.94M.
What does RNG fuel — project development and startup costs mean?
This metric tracks the non-recurring expenses incurred during the planning, construction, and commissioning phases of new RNG fuel facilities. It serves as a proxy for the company's capital deployment and growth investment strategy.