OPAL Fuels Inc. OPAL Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues by Business | ||||||
| Fuel Station Services | -$6.11M-107% | $85.35M+65.0% | $51.72M+10.0% | $47.03M-14.6% | $55.07M-14.0% | |
| Renewable Power Segment | $41K-99.5% | $8.62M-1.0% | $8.71M+5.0% | $8.3M+16.4% | $7.13M-25.4% | |
| RNG fuel | -$5.96M-122% | $26.56M+15.9% | $22.92M-8.8% | $25.13M-9.4% | $27.74M+7.1% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| Fuel Station Services | $8.11M-29.1% | $11.45M+16.2% | $9.85M+24.9% | $7.89M-9.5% | $8.71M+1.0% | |
| Renewable Power Segment | $311K+110% | -$3.17M-271% | $1.85M+300% | $463K+132% | -$1.46M— | |
| RNG fuel | -$6.66M+36.7% | -$10.53M-1,422% | -$692K-126% | $2.68M+269% | -$1.58M— | |
| Other segment items by Business | ||||||
| Fuel Station Services | -$63K-102% | $4.11M+4,973% | $81K+109% | -$901K-709% | $148K-86.0% | |
| Renewable Power Segment | $287K-91.7% | $3.47M+346,500% | $1K— | $0-100% | $897K-83.3% | |
| RNG fuel | $2.47M-76.3% | $10.45M+38,793% | -$27K— | $0-100% | $1.25M-89.0% | |
| Cost of Sales by Business | ||||||
| Fuel Station Services | $35.39M-26.4% | $48.1M+19.6% | $40.23M+3.9% | $38.73M-2.5% | $39.72M+17.1% | |
| Renewable Power Segment | $5.63M-21.3% | $7.16M+20.9% | $5.92M-14.2% | $6.9M+2.0% | $6.76M+3.0% | |
| RNG fuel | $12.83M-8.0% | $13.94M+18.4% | $11.77M+3.2% | $11.41M-6.1% | $12.15M+2.1% | |
| RNG Fuel Supply | $12.83M-8.0% | $13.94M+18.4% | $11.77M+1.9% | $11.56M-4.9% | $12.15M+2.1% | |
| Cost of sales and other operating costs by Business | ||||||
| Fuel Station Services | $35.39M-26.4% | $48.1M+19.6% | $40.23M+3.9% | $38.73M-2.5% | $39.72M+17.1% | |
| Renewable Power Segment | $5.63M-21.3% | $7.16M+20.9% | $5.92M-14.2% | $6.9M+2.0% | $6.76M+3.0% | |
| Service agreements by Business | ||||||
| Fuel Station Services | $0— | $0— | $0— | $0— | $0— | |
| Renewable Power Segment | $0— | $0— | $0— | $0— | $0— | |
| RNG fuel | $125K0.0% | $125K0.0% | $125K-14.4% | $146K— | $0— | |
| Interest and financing expense, net by Business | ||||||
| Fuel Station Services | -$432K— | —— | -$11K-57.1% | -$7K-111% | $63K+28.6% | |
| Renewable Power Segment | -$19K+36.7% | -$30K-50.0% | -$20K-53.8% | -$13K+13.3% | -$15K+25.0% | |
| RNG fuel | $6.34M-9.3% | $6.98M+0.8% | $6.93M+8.5% | $6.39M+6.1% | $6.02M+7.4% | |
| Other corporate expenses by Business | ||||||
| Fuel Station Services | $0— | —— | —— | —— | $0— | |
| Renewable Power Segment | $0— | —— | —— | —— | $0— | |
| RNG fuel | $0— | —— | —— | —— | $0— | |
| Investments in other entities by Business | ||||||
| Fuel Station Services | $0— | $0— | $0— | $0— | $0— | |
| Renewable Power Segment | $0— | $0— | $0— | $0— | $0— | |
| RNG fuel | $224.28M-3.0% | $231.22M+1.6% | $227.55M+1.3% | $224.58M+2.3% | $219.46M-1.8% | |
| Cash paid for purchases of property, plant and equipment by Business | ||||||
| Fuel Station Services | $4.99M-52.6% | $10.52M+222% | $3.27M-45.5% | $5.99M-13.0% | $6.89M+282% | |
| Renewable Power Segment | $0-100% | $601K+839% | $64K-85.0% | $427K— | $0— | |
| RNG fuel | $19.38M— | $0-100% | $24.15M+56.5% | $15.43M+230% | $4.68M-91.1% | |
| Income (Loss) from Equity Method Investments by Business | ||||||
| Fuel Station Services | $0— | $0— | $0— | $0— | $0— | |
| Renewable Power Segment | $0— | $0— | $0— | $0— | $0— | |
| RNG fuel | -$1.76M-334% | $750K+17.7% | $637K-67.5% | $1.96M+372% | -$722K-151% | |
| Depreciation, amortization, and accretion by Business | ||||||
| Fuel Station Services | $1.56M+5.1% | $1.48M-5.7% | $1.57M+19.4% | $1.32M-35.3% | $2.03M+42.3% | |
| Renewable Power Segment | $962K-15.5% | $1.14M+18.3% | $962K+1.1% | $952K+0.3% | $949K-5.9% | |
| RNG fuel | $3.09M+0.5% | $3.08M+1.5% | $3.03M+1.2% | $3M+1.2% | $2.96M+6.8% | |
| Total assets of consolidated VIEs by Business | ||||||
| Fuel Station Services | $181.65M-7.7% | $196.85M+6.7% | $184.56M+2.9% | $179.37M-0.7% | $180.61M+0.7% | |
| Renewable Power Segment | $28.23M-1.8% | $28.74M-6.3% | $30.66M+1.0% | $30.36M-0.6% | $30.55M+0.1% | |
| RNG fuel | $702.17M+3.9% | $675.99M+2.3% | $660.92M+0.1% | $660.46M+3.4% | $638.91M+0.5% | |
| Stock-Based Comp by Business | ||||||
| Fuel Station Services | $0— | —— | —— | —— | $0— | |
| Renewable Power Segment | $0— | —— | —— | —— | $0— | |
| RNG fuel | $0— | —— | —— | —— | $0— | |
| Project development and startup costs by Business | ||||||
| Fuel Station Services | $0— | $0— | $0— | $0— | $0— | |
| Renewable Power Segment | $0— | $0— | $0— | $0— | $0— | |
| RNG fuel | $1.82M-36.1% | $2.84M+11.7% | $2.54M-26.9% | $3.48M-42.8% | $6.08M-29.2% | |
| Concentration risk, percentage by Business | ||||||
| Fuel Station Services | 14.8%— | —— | 11%-2.0pp | 13%-5.0pp | 18%— | |
| Renewable Power Segment | 1.2%— | —— | 2%0.0pp | 2%+0.6pp | 1.4%+1.1pp | |
| RNG fuel | 23.1%— | —— | 21%-1.0pp | 22%-1.5pp | 23.5%— | |
| Total revenues by Product | ||||||
| Brown gas sales | $1.36M— | —— | $8.19M-22.8% | $10.62M+629% | $1.46M— | |
| Capacity | -$366K— | —— | —— | —— | $749K-3.6% | |
| Construction | -$3.09M— | —— | —— | —— | $7.99M-19.6% | |
| Electricity sales | $536K-87.7% | $4.36M-32.5% | $6.46M+9.6% | $5.89M+12.0% | $5.26M— | |
| Environmental attributes | -$13.46M— | —— | —— | —— | $46.7M-63.5% | |
| Lease revenues | $3.52M— | —— | —— | —— | $2.44M+7.1% | |
| OPAL owned stations | $1.05M— | —— | —— | —— | $4.91M+11.1% | |
| Other | $278K-49.9% | $555K+1.8% | $545K+28.5% | $424K+17.8% | $360K-58.5% | |
| RNG marketing | -$1.58M— | —— | —— | —— | $11.27M+30.4% | |
| Third party station service and maintenance | -$270K— | —— | —— | —— | $7.07M+13.2% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does OPAL Fuels Inc. break its business down?
- OPAL Fuels Inc. (OPAL) reports total revenues by business across 3 parts — Fuel Station Services, Renewable Power Segment and RNG fuel. Each is extracted from the segment footnotes and tracked over time.
- Where does OPAL Fuels Inc.'s segment data come from?
- Segment breakdowns are pulled from the segment footnotes in OPAL Fuels Inc.'s SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
