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-111% | $85.35M+33.3% | $51.72M+13.9% | $47.03M+19.8% | $55.07M+48.3% | |
| Renewable Power Segment | $41K-99.4% | $8.62M-9.8% | $8.71M-31.9% | $8.3M-32.2% | $7.13M-29.3% | |
| RNG fuel | -$5.96M-121% | $26.56M+2.5% | $22.92M-11.4% | $25.13M+29.2% | $27.74M+56.5% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| Fuel Station Services | $8.11M-6.9% | $11.45M+32.7% | $9.85M-4.0% | $7.89M-2.8% | $8.71M+52.2% | |
| Renewable Power Segment | $311K+121% | -$3.17M— | $1.85M-57.8% | $463K-79.8% | -$1.46M-1,904% | |
| RNG fuel | -$6.66M-322% | -$10.53M— | -$692K-111% | $2.68M-50.0% | -$1.58M-122% | |
| Other segment items by Business | ||||||
| Fuel Station Services | -$63K-143% | $4.11M+289% | $81K+156% | -$901K-39.9% | $148K+121% | |
| Renewable Power Segment | $287K-68.0% | $3.47M-35.4% | $1K+150% | $0-100% | $897K+2,890% | |
| RNG fuel | $2.47M+98.2% | $10.45M-8.1% | -$27K+91.0% | $0-100% | $1.25M+6,135% | |
| Cost of Sales by Business | ||||||
| Fuel Station Services | $35.39M-10.9% | $48.1M+41.8% | $40.23M+19.7% | $38.73M+25.2% | $39.72M+30.9% | |
| Renewable Power Segment | $5.63M-16.7% | $7.16M+9.0% | $5.92M-23.9% | $6.9M-22.5% | $6.76M-27.0% | |
| RNG fuel | $12.83M+5.6% | $13.94M+17.1% | $11.77M+17.9% | $11.41M+37.2% | $12.15M+45.8% | |
| RNG Fuel Supply | $12.83M+5.6% | $13.94M+17.1% | $11.77M+17.9% | $11.56M+48.3% | $12.15M+42.0% | |
| Cost of sales and other operating costs by Business | ||||||
| Fuel Station Services | $35.39M-10.9% | $48.1M+41.8% | $40.23M+19.7% | $38.73M+27.2% | $39.72M+28.9% | |
| Renewable Power Segment | $5.63M-16.7% | $7.16M+9.0% | $5.92M-23.9% | $6.9M-22.5% | $6.76M-27.0% | |
| Service agreements by Business | ||||||
| Fuel Station Services | $0— | $0— | $0— | $0— | $0— | |
| Renewable Power Segment | $0— | $0— | $0— | $0— | $0— | |
| RNG fuel | $125K— | $125K— | $125K— | $146K— | $0— | |
| Interest and financing expense, net by Business | ||||||
| Fuel Station Services | -$432K-786% | —— | -$11K-112% | -$7K-115% | $63K+374% | |
| Renewable Power Segment | -$19K-26.7% | -$30K-50.0% | -$20K+25.9% | -$13K+48.0% | -$15K+75.0% | |
| RNG fuel | $6.34M+5.3% | $6.98M+24.6% | $6.93M+39.8% | $6.39M+28.6% | $6.02M+48.8% | |
| 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+2.2% | $231.22M+3.4% | $227.55M— | $224.58M— | $219.46M— | |
| Cash paid for purchases of property, plant and equipment by Business | ||||||
| Fuel Station Services | $4.99M-27.6% | $10.52M+483% | $3.27M-36.0% | $5.99M-22.3% | $6.89M+81.4% | |
| Renewable Power Segment | $0— | $601K— | $64K— | $427K— | $0— | |
| RNG fuel | $19.38M+314% | $0-100% | $24.15M+34.5% | $15.43M+1.0% | $4.68M-79.6% | |
| 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-143% | $750K-46.7% | $637K-83.3% | $1.96M— | -$722K— | |
| Depreciation, amortization, and accretion by Business | ||||||
| Fuel Station Services | $1.56M-23.4% | $1.48M+3.8% | $1.57M-0.1% | $1.32M+2.0% | $2.03M+54.2% | |
| Renewable Power Segment | $962K+1.4% | $1.14M+12.8% | $962K-3.7% | $952K-6.0% | $949K-5.1% | |
| RNG fuel | $3.09M+4.5% | $3.08M+11.1% | $3.03M+42.7% | $3M+52.4% | $2.96M+113% | |
| Total assets of consolidated VIEs by Business | ||||||
| Fuel Station Services | $181.65M+0.6% | $196.85M+9.8% | $184.56M+4.5% | $179.37M+15.5% | $180.61M+19.8% | |
| Renewable Power Segment | $28.23M-7.6% | $28.74M-5.8% | $30.66M-13.5% | $30.36M-12.7% | $30.55M-15.8% | |
| RNG fuel | $702.17M+9.9% | $675.99M+6.3% | $660.92M+72.4% | $660.46M+86.0% | $638.91M+92.3% | |
| 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-70.2% | $2.84M-66.9% | $2.54M-62.6% | $3.48M+18.5% | $6.08M+675% | |
| Concentration risk, percentage by Business | ||||||
| Fuel Station Services | 14.8%-3.2pp | —— | 11%-3.0pp | 13%-2.0pp | 18%+2.7pp | |
| Renewable Power Segment | 1.2%-0.2pp | —— | 2%0.0pp | 2%-1.0pp | 1.4%-0.9pp | |
| RNG fuel | 23.1%-0.4pp | —— | 21%-6.0pp | 22%0.0pp | 23.5%-0.4pp | |
| Total revenues by Product | ||||||
| Brown gas sales | $1.36M-6.4% | —— | $8.19M+2.6% | $10.62M+84.0% | $1.46M-74.0% | |
| Capacity | -$366K-149% | —— | —— | —— | $749K-3.6% | |
| Construction | -$3.09M-139% | —— | —— | —— | $7.99M-19.6% | |
| Electricity sales | $536K-89.8% | $4.36M— | $6.46M-7.9% | $5.89M-13.8% | $5.26M— | |
| Environmental attributes | -$13.46M-129% | —— | —— | —— | $46.7M+1,133% | |
| Lease revenues | $3.52M+44.1% | —— | —— | —— | $2.44M+7.1% | |
| OPAL owned stations | $1.05M-78.7% | —— | —— | —— | $4.91M+11.1% | |
| Other | $278K-22.8% | $555K-36.0% | $545K+98.2% | $424K+53.6% | $360K+5.6% | |
| RNG marketing | -$1.58M-114% | —— | —— | —— | $11.27M+30.4% | |
| Third party station service and maintenance | -$270K-104% | —— | —— | —— | $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.
