Security
OPAL Fuels Inc. Class A Common Stock · OPAL
OPALNASDAQCommon stockCurrentCIK 1842279Updated Oct 22, 2026
Name history
ArcLight Clean Transition Corp. II · through Jul 21, 2022
OPAL price & chart
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Seeking Alpha
10 small-cap U.S. energy stocks with the weakest momentum grades ↗
OPAL Fuels Inc. 2026 Q2 - Results - Earnings Call Presentation ↗
SEC disclosures
OPAL Fuels Inc. IPO declared effective by SEC ↗
Recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Items 5.02, 7.01, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
EFFECT filing
S-3/A filing
S-3 filing
Show 5 more recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
Submission of Matters to a Vote of Security Holders
Items 5.07, 9.01
4 filing
Financials
FY 2025 · USDSource
Source
Source
Source
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 916,749,000Source | 831,088,000Source | 1,040,244,000Source | 905,537,000Source | 782,312,000Source | 1,060,602,000Source | 884,923,000Source | 750,499,000Source | 959,469,000Source | 881,077,000Source | 754,609,000Source | 644,856,000Source |
| GoodwillUSD | 54,608,000Source | 54,608,000Source | 54,608,000Source | 54,608,000Source | 54,608,000Source | 54,608,000Source | 54,608,000Source | 54,608,000Source | 54,608,000Source | 54,608,000Source | 54,608,000Source | 54,608,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | — | 1,397,000Source | — | — | 1,466,000Source | — | — | 1,537,000Source | — | 1,330,000Source | 1,604,000Source | 2,167,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 29,928,000Source | 20,332,000Source | 91,363,000Source | 29,269,000Source | 19,016,000Source | 133,241,000Source | 40,082,000Source | 28,207,000Source | 24,408,000Source | 24,310,000Source | 38,348,000Source | 40,394,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 31,113,000Source | 39,609,000Source | 37,517,000Source | 29,085,000Source | 24,220,000Source | 42,636,000Source | 30,785,000Source | 22,805,000Source | 61,806,000Source | — | 27,623,000Source | 31,083,000Source |
| Assets, CurrentUSD | 122,785,000Source | 122,609,000Source | 163,349,000Source | 123,486,000Source | 104,720,000Source | 213,401,000Source | 116,387,000Source | 105,699,000Source | 122,682,000Source | 117,188,000Source | 128,073,000Source | 211,983,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 10,984,000Source | 4,666,000Source | 14,335,000Source | 11,833,000Source | 6,322,000Source | 17,615,000Source | 9,791,000Source | 6,373,000Source | 16,018,000Source | 11,051,000Source | 6,005,000Source | 7,625,000Source |
| Operating Lease, Right-of-Use AssetUSD | 5,397,000Source | 12,964,000Source | — | 5,397,000Source | 13,185,000Source | — | — | 12,137,000Source | 13,057,000Source | 12,731,000Source | 12,301,000Source | 11,744,000Source |
| Other Assets, NoncurrentUSD | 24,182,000Source | 2,206,000Source | 48,698,000Source | 22,546,000Source | 1,616,000Source | 42,307,000Source | 22,837,000Source | 1,651,000Source | 44,398,000Source | 2,085,000Source | 1,162,000Source | 1,489,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 433,953,000Source | 361,210,000Source | 523,892,000Source | 432,291,000Source | 327,756,000Source | 548,708,000Source | 420,478,000Source | 296,972,000Source | 461,712,000Source | 416,045,000Source | 297,124,000Source | 267,037,000Source |
| Stockholders’ equity: | ||||||||||||
| Additional Paid in CapitalUSD | — | 0Source | — | 0Source | 0Source | — | 0Source | 0Source | — | 0Source | 0Source | 0Source |
| Retained Earnings (Accumulated Deficit)USD | 19,089,000Source | -168,458,000Source | 37,535,000Source | -13,442,000Source | -261,503,000Source | 19,632,000Source | 68,631,000Source | -370,832,000Source | -1,307,000Source | -137,004,000Source | -467,195,000Source | -800,813,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -12,000Source | -25,000Source | 416,000Source | 2,000Source | 70,000Source | 184,000Source | 58,000Source | 42,000Source | -26,000Source | 152,000Source | -15,000Source | 195,000Source |
| Stockholders' Equity Attributable to ParentUSD | 7,480,000Source | -180,080,000Source | 26,354,000Source | -25,037,000Source | -273,030,000Source | 8,219,000Source | 57,092,000Source | -382,387,000Source | -12,930,000Source | -148,449,000Source | -478,807,000Source | -800,601,000Source |
| Liabilities and EquityUSD | 916,749,000Source | 831,088,000Source | 1,040,244,000Source | 905,537,000Source | 782,312,000Source | 1,060,602,000Source | 884,923,000Source | 750,499,000Source | 959,469,000Source | 881,077,000Source | 754,609,000Source | 644,856,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 83,461,000Source | 97,789,000Source | 89,884,000Source | 98,233,000Source | 81,086,000Source | 97,064,000Source | 101,602,000Source | 75,354,000Source | 104,219,000Source | 103,596,000Source | 76,391,000Source | 152,905,000Source |
| Operating Lease, Liability, CurrentUSD | — | 763,000Source | — | — | 733,000Source | — | — | 656,000Source | 768,000Source | 780,000Source | 638,000Source | 630,000Source |
| Operating Lease, Liability, NoncurrentUSD | 11,940,000Source | 12,400,000Source | — | 12,007,000Source | 12,646,000Source | — | 12,060,000Source | 11,646,000Source | 12,537,000Source | 12,155,000Source | 11,824,000Source | 11,245,000Source |
| Other Liabilities, NoncurrentUSD | 8,157,000Source | 10,243,000Source | 21,199,000Source | 8,783,000Source | 10,126,000Source | 23,946,000Source | 14,933,000Source | 8,637,000Source | 20,430,000Source | 9,842,000Source | 7,599,000Source | 825,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 2,788,000Source | 585,000Source | 11,545,000Source | 2,735,000Source | 517,000Source | 10,208,000Source | 634,000Source | 724,000Source | 2,789,000Source | 618,000Source | 955,000Source | 26,445,000Source |
| Additional Financial Items | ||||||||||||
| Dividends PayableUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 2,013,000Source | — |
| Long-term DebtUSD | 330,395,000Source | 234,545,000Source | 440,106,000Source | 313,268,000Source | 217,535,000Source | 456,592,000Source | 291,883,000Source | 194,770,000Source | 361,267,000Source | 285,003,000Source | 196,542,000Source | 88,312,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 330,395,000Source | 234,545,000Source | — | 313,268,000Source | 217,535,000Source | — | 291,883,000Source | 194,770,000Source | — | 285,003,000Source | 196,542,000Source | 88,312,000Source |
| Short-term InvestmentsUSD | — | 10,666,000Source | — | — | 8,585,000Source | — | — | 5,975,000Source | — | 0Source | 9,875,000Source | 64,976,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | 11,386,000Source | 17,107,000Source | -4,147,000Source | 7,559,000Source | -5,593,000Source | 1,284,000Source | 36,411,000Source | 14,325,000Source | 127,024,000Source | 32,579,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation and amortization | — | — | — | — | — | — | — | —Source | — | —Source | —Source | —Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 2,055,000Source | 1,751,000Source | 6,499,000Source | 6,452,000Source | 5,904,000Source | 1,469,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | -18,918,000Source | -8,689,000Source | 19,815,000Source | 4,475,000Source | -2,942,000Source | 6,191,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | -5,709,000Source | 0Source | -16,456,000Source | — | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 12,916,000Source | 29,679,000Source | 36,498,000Source | 33,033,000Source | 38,269,000Source | -1,355,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -19,384,000Source | -9,277,000Source | -77,320,000Source | -134,551,000Source | -74,147,000Source | -184,028,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 24,367,000Source | 11,566,000Source | 70,739,000Source | 127,239,000Source | 113,826,000Source | 131,410,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 0Source | 382,000Source | 391,000Source | 627,000Source | 896,000Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 115,124,000Source | -4,732,000Source | 41,560,000Source | 83,504,000Source | 5,899,000Source | 220,550,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | — | 15,670,000Source | — | -18,014,000Source | -29,979,000Source | 35,167,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 34,283,000Source | 24,194,000Source | 95,192,000Source | 33,505,000Source | 136,974,000Source | 44,898,000Source | 28,318,000Source | 29,228,000Source | 47,242,000Source | 77,221,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 6,749,000Source | 6,625,000Source | 27,800,000Source | 22,907,000Source | 6,929,000Source | 7,013,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | 8,037,000Source | — | 20,000Source | — | — |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 902,000Source | 1,457,000Source | 2,060,000Source | 2,205,000Source | 2,055,000Source | 1,751,000Source | 6,499,000Source | 6,452,000Source | 5,903,000Source | 1,469,000Source |
| Amortization of Debt Issuance CostsUSD | — | — | 722,000Source | 191,000Source | — | 364,000Source | — | 438,000Source | 1,936,000Source | 1,395,000Source | 1,720,000Source | 1,943,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | — | — | — | — | — | — | — | — | — | 1,094,000Source | 1,720,000Source | — |
| Amortization of Intangible AssetsUSD | — | — | — | 69,000Source | — | — | — | — | — | 274,000Source | 563,000Source | 694,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | — | — | — | — | — | — | — | 110,000Source | 455,000Source | 435,000Source | 521,000Source | 121,000Source |
| Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), NetUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Deconsolidation, Gain (Loss), AmountUSD | — | — | — | 0Source | — | — | — | — | — | 0Source | 122,873,000Source | 0Source |
| DepreciationUSD | — | — | — | 4,663,000Source | — | — | — | — | 21,582,000Source | 17,176,000Source | 13,481,000Source | 11,892,000Source |
| Depreciation, Amortization and Accretion, NetUSD | — | — | 5,566,000Source | 4,697,000Source | 5,167,000Source | 5,264,000Source | 5,613,000Source | 5,942,000Source | 22,470,000Source | 17,885,000Source | 14,565,000Source | 13,136,000Source |
| Dividends PayableUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 2,013,000Source | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | 0Source | 278,000Source | — | 0Source | — | 281,000Source | — | 1,596,000Source | 7,346,000Source | 33,081,000Source |
| Gain (Loss) on Disposition of AssetsUSD | — | — | — | — | — | — | — | — | 3,646,000Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | — | — | — | — | — | — | 311,000Source | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | 0Source | — | — | — | — | — | 0Source | -2,190,000Source | — |
| GoodwillUSD | — | — | 54,608,000Source | 54,608,000Source | 54,608,000Source | 54,608,000Source | 54,608,000Source | 54,608,000Source | 54,608,000Source | 54,608,000Source | 54,608,000Source | 54,608,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | 0Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | 637,000Source | 3,822,000Source | -597,000Source | 1,962,000Source | -1,757,000Source | -722,000Source | 2,627,000Source | 13,235,000Source | 5,525,000Source | 5,784,000Source |
| Income Tax Expense (Benefit)USD | — | — | — | — | -4,738,000Source | -13,686,000Source | -5,709,000Source | -8,037,000Source | -52,746,000Source | -8,906,000Source | 0Source | 0Source |
| InterestExpenseNonoperatingUSD | — | — | — | — | 8,647,000Source | 6,637,000Source | 6,644,000Source | 6,450,000Source | 27,521,000Source | — | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 1,450,000Source | 2,362,000Source | -1,501,000Source | 800,000Source | -2,642,000Source | -235,000Source | 4,283,000Source | 561,000Source | 18,936,000Source | 3,391,000Source |
| Nonoperating Income (Expense)USD | — | — | -6,769,000Source | -4,108,000Source | -5,874,000Source | -5,300,000Source | -6,459,000Source | -4,811,000Source | -23,749,000Source | — | — | — |
| Operating Lease, Lease IncomeUSD | — | — | 5,468,000Source | 1,421,000Source | — | 3,010,000Source | — | 2,441,000Source | — | 9,116,000Source | 4,959,000Source | 4,874,000Source |
| Other Nonoperating Income (Expense)USD | — | — | — | 640,000Source | 672,000Source | 1,067,000Source | -575,000Source | 1,254,000Source | — | 2,211,000Source | 124,472,000Source | 1,943,000Source |
| Payments of Financing CostsUSD | — | — | — | — | — | — | 435,000Source | 1,250,000Source | 1,250,000Source | 629,000Source | 10,264,000Source | 8,321,000Source |
| Payments to Acquire InvestmentsUSD | — | — | — | — | — | — | — | — | — | 21,570,000Source | 8,314,000Source | — |
| Proceeds from Contributions from AffiliatesUSD | — | — | — | — | — | — | — | — | — | — | 0Source | 0Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | 0Source | 0Source | 170,000Source | 366,000Source | — |
| Proceeds from Issuance of Redeemable Preferred StockUSD | — | — | — | — | — | — | — | — | — | — | 0Source | 100,000,000Source |
| Proceeds from Noncontrolling InterestsUSD | — | — | — | — | — | — | 7,402,000Source | 0Source | 1,991,000Source | — | — | 0Source |
| Provision for Loan, Lease, and Other LossesUSD | — | — | — | — | — | — | — | — | — | 85,000Source | 518,000Source | — |
| Unrealized Gain (Loss) on Commodity ContractsUSD | — | — | — | — | — | — | — | — | — | -704,000Source | — | — |
| Unrealized Gain (Loss) on DerivativesUSD | — | — | — | — | — | — | — | 281,000Source | 2,366,000Source | 0Source | 270,000Source | -3,867,000Source |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | — | — | — | — | — | — | — |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | — | — | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 77,889,000Source | 82,626,000Source | 79,695,000Source | 77,446,000Source | 67,416,000Source | 82,966,000Source | 326,717,000Source | 290,856,000Source | 251,149,000Source | 230,657,000Source |
| Selling, General and Administrative ExpenseUSD | — | — | 14,376,000Source | 12,692,000Source | 14,274,000Source | 17,460,000Source | 15,184,000Source | 15,967,000Source | 63,982,000Source | 53,124,000Source | 51,262,000Source | 48,569,000Source |
| Operating Income (Loss)USD | — | — | 3,588,000Source | 12,309,000Source | -3,011,000Source | -827,000Source | -4,843,000Source | -1,942,000Source | 7,414,000Source | 21,222,000Source | 7,040,000Source | 1,779,000Source |
| Other Nonoperating Income (Expense)USD | — | — | — | 640,000Source | 672,000Source | 1,067,000Source | -575,000Source | 1,254,000Source | — | 2,211,000Source | 124,472,000Source | 1,943,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | -3,181,000Source | 8,201,000Source | -8,885,000Source | -6,127,000Source | -11,302,000Source | -6,753,000Source | -16,335,000Source | 5,419,000Source | 127,024,000Source | 32,579,000Source |
| Income Tax Expense (Benefit)USD | — | — | — | — | -4,738,000Source | -13,686,000Source | -5,709,000Source | -8,037,000Source | -52,746,000Source | -8,906,000Source | 0Source | 0Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.05Source | 0.09Source | -0.05Source | 0.03Source | -0.09Source | -0.01Source | 0.15Source | 0.02Source | 0.7Source | 0.13Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.05Source | 0.09Source | -0.05Source | 0.03Source | -0.09Source | -0.01Source | 0.15Source | 0.02Source | 0.69Source | 0.12Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 28,279,527Source | 27,709,203Source | 29,641,216Source | 28,265,710Source | 28,298,861Source | 27,718,912Source | 28,138,140Source | 27,617,335Source | 27,148,538Source | 25,774,312Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 29,592,822Source | 27,743,417Source | 29,641,216Source | 29,229,245Source | 28,298,861Source | 27,718,912Source | 29,252,330Source | 27,694,650Source | 27,494,016Source | 26,062,398Source |
| Interest Expense (non-operating)USD | — | — | — | — | 8,647,000Source | 6,637,000Source | 6,644,000Source | 6,450,000Source | 27,521,000Source | — | — | — |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | — | 69,000Source | — | — | — | — | — | 274,000Source | 563,000Source | 694,000Source |
| Costs and ExpensesUSD | — | — | 79,769,000Source | 71,738,000Source | 86,410,000Source | 81,283,000Source | 78,218,000Source | 87,349,000Source | 341,561,000Source | 278,750,000Source | 249,068,000Source | 233,752,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | 0Source | 278,000Source | — | 0Source | — | 281,000Source | — | 1,596,000Source | 7,346,000Source | 33,081,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | 0Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | -16,335,000Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | 637,000Source | 3,822,000Source | -597,000Source | 1,962,000Source | -1,757,000Source | -722,000Source | 2,627,000Source | 13,235,000Source | 5,525,000Source | 5,784,000Source |
| Net Income (Loss) Attributable to Nonredeemable Noncontrolling InterestUSD | — | — | 93,000Source | 130,000Source | 137,000Source | 160,000Source | 82,000Source | 76,000Source | 330,000Source | 443,000Source | -349,000Source | -1,153,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 1,450,000Source | 2,362,000Source | -1,501,000Source | 800,000Source | -2,642,000Source | -235,000Source | 4,283,000Source | 561,000Source | 18,936,000Source | 3,391,000Source |
| Nonoperating Income (Expense)USD | — | — | -6,769,000Source | -4,108,000Source | -5,874,000Source | -5,300,000Source | -6,459,000Source | -4,811,000Source | -23,749,000Source | — | — | — |
| Operating Lease, Lease IncomeUSD | — | — | 5,468,000Source | 1,421,000Source | — | 3,010,000Source | — | 2,441,000Source | — | 9,116,000Source | 4,959,000Source | 4,874,000Source |
| Other ExpensesUSD | — | — | — | 240,000Source | — | — | — | — | — | 1,084,000Source | 339,000Source | — |
| Other IncomeUSD | — | — | — | -360,000Source | — | -166,000Source | — | 713,000Source | — | 555,000Source | — | — |
| Research and Development ExpenseUSD | — | — | 2,543,000Source | 6,803,000Source | 3,301,000Source | 3,477,000Source | 1,815,000Source | 6,081,000Source | 14,942,000Source | 19,109,000Source | 4,866,000Source | — |
| Unrealized Gain (Loss) on Commodity ContractsUSD | — | — | — | — | — | — | — | — | — | -704,000Source | — | — |