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OPAL Fuels EBITDA rises 40% to $23.1 million
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OPAL Fuels EBITDA rises 40% to $23.1 million

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  • OPAL Fuels reported Q2 2026 adjusted EBITDA of $23.1 million, up 40% year over year, while revenue increased 4% to $83.4 million.
  • The company reported a quarterly net loss of $4.1 million, compared with net income of $7.6 million a year earlier.
  • OPAL Fuels continued expanding renewable natural gas production capacity and monetizing 45Z production tax credits.

OPAL Fuels (NASDAQ:OPAL) reported Q2 2026 revenue of $83.4 million, up 4% year over year, while adjusted EBITDA increased 40% to $23.1 million.

The company’s results compared with the prior-year quarter as higher contributions from 45Z production tax credits, growth in its Fueling Solutions Services segment and lower general and administrative costs supported profitability.

OPAL Fuels reported a net loss of $4.1 million, or $0.05 per share, compared with net income of $7.6 million, or $0.03 per share, in Q2 2025, while the company entered a $100 million agreement to monetize Section 45Z Production Tax Credits.

For the first six months of 2026, OPAL Fuels reported revenue of $156.8 million, down 5% year over year, and adjusted EBITDA of $39.8 million, up 9%.

The company reported $16.3 million in renewable natural gas pending monetization as of June 30, 2026, related to production tax credit opportunities.

OPAL Fuels said it is continuing construction of new renewable natural gas facilities while increasing production at existing operations with limited capital investment.

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