OPAL Fuels (NASDAQ:OPAL) Posts Quarterly Earnings Results, Misses Expectations By $0.30 EPS

OPAL Fuels (NASDAQ:OPAL) announced its earnings results on Monday. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.30), Zacks reports. The company had revenue of $99.76 million during the quarter, compared to analysts’ expectations of $98.75 million.

Here are the key takeaways from OPAL Fuels’ conference call:

• Full-year adjusted EBITDA of $90.2 million met guidance while RNG production grew 28% year‑over‑year, showing operational improvement and resilience despite commodity headwinds.
• Strengthened liquidity and capital structure with a new $180 million Series A preferred facility, repayment of prior preferred, ~$128 million drawn on the senior credit facility and ~$184 million total liquidity to fund projects and station expansion.
• Fuel Station Services expanded to 61 company‑owned stations and segment EBITDA rose 22% to $46.7 million, with management citing improving fleet economics and a potential adoption inflection in 2027 that could drive long‑term growth.
• Environmental credit and market headwinds pressured earnings — realized D3 RINs averaged $2.45 in 2025 versus $3.13 in 2024 (≈$33M EBITDA impact) and the ISCC pathway expiration removed >$10M of prior benefit, while a harsh winter may weigh on near‑term production.

OPAL Fuels Stock Performance

NASDAQ OPAL opened at $2.73 on Tuesday. The firm has a market cap of $473.38 million, a P/E ratio of 136.57 and a beta of 1.08. OPAL Fuels has a 52-week low of $1.26 and a 52-week high of $4.08. The business’s 50-day moving average price is $2.30 and its 200 day moving average price is $2.35. The company has a quick ratio of 1.33, a current ratio of 1.47 and a debt-to-equity ratio of 32.18.

Institutional Trading of OPAL Fuels

Hedge funds have recently added to or reduced their stakes in the stock. Zions Bancorporation National Association UT acquired a new position in shares of OPAL Fuels in the fourth quarter valued at approximately $27,000. Mariner LLC purchased a new stake in shares of OPAL Fuels during the fourth quarter worth approximately $27,000. Engineers Gate Manager LP acquired a new stake in shares of OPAL Fuels during the second quarter worth $27,000. Intech Investment Management LLC purchased a new position in OPAL Fuels in the 2nd quarter valued at $28,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in OPAL Fuels in the 2nd quarter valued at $28,000. 12.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OPAL has been the topic of several research analyst reports. Wall Street Zen raised OPAL Fuels from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reissued a “sell (d)” rating on shares of OPAL Fuels in a report on Monday, December 29th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, OPAL Fuels has a consensus rating of “Reduce” and a consensus price target of $2.81.

More OPAL Fuels News

Here are the key news stories impacting OPAL Fuels this week:

• Positive Sentiment: Q4 revenue beat and growth — OPAL reported Q4 revenue of roughly $99.75M, above consensus, and highlighted strong topline momentum that underpins near‑term growth expectations. OPAL Fuels beats Q4 revenue estimates, shares up 2%
• Positive Sentiment: Explicit 2026 profitability target and capacity expansion — Management outlined a target for ~14% adjusted EBITDA growth in 2026 and plans to expand RNG production capacity, which drives the narrative for durable margin improvement. Opal Fuels outlines 14% adjusted EBITDA growth target for 2026 while expanding RNG production
• Positive Sentiment: Management tone and outlook supportive — Company commentary and the earnings slide deck emphasize that 2025 closed strongly and that management expects materially stronger growth in 2026, which likely boosted investor optimism. OPAL Fuels Closes Out 2025 on a High Note, Expects Strong Growth in 2026
• Neutral Sentiment: Full earnings release and call resources available — The company published its press release, slide deck and the conference call transcript; details in these materials will matter for modeling 2026 cash flow and capex for RNG expansion. OPAL Fuels Reports Fourth Quarter and Full Year 2025 Results
• Neutral Sentiment: Earnings call transcripts published — Transcripts provide color on timing of new projects, margin drivers and customer contracts; useful for confirming the durability of guidance. OPAL Fuels Inc. (OPAL) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Quarterly EPS missed consensus materially — OPAL reported $0.02 EPS vs. a $0.38 consensus, a sizable shortfall that increases near‑term downside risk if revenue/margin execution weakens. OPAL Fuels earnings report and materials

About OPAL Fuels

OPAL Fuels (NASDAQ: OPAL) is a publicly traded company headquartered in San Diego, California, specializing in the production, distribution and dispensing of renewable natural gas (RNG) for heavy-duty transportation. The company operates a network of RNG fueling stations across California, offering fleets of trucks, transit buses and logistics providers a low-carbon alternative to conventional diesel without requiring significant changes to existing vehicle technology or fueling infrastructure.

OPAL Fuels sources organic byproducts from dairy farms, landfills and food-processing facilities, converting methane-rich biogas into pipeline-quality RNG through a series of anaerobic digestion and gas-upgrading processes.