OPAL Fuels (NASDAQ:OPAL) Posts Quarterly Earnings Results, Misses Estimates By $0.16 EPS

OPAL Fuels (NASDAQ:OPAL) announced its earnings results on Monday. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.16), Zacks reports. OPAL Fuels had a return on equity of 77.65% and a net margin of 1.98%.

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

• Operations improved with RNG production up 9% year‑over‑year to 1.2 million MMBtu and management expects accelerating production growth starting in Q2 plus >2 million MMBtu of new design capacity coming online over the next year.
• Adjusted EBITDA fell to $16.7 million from $20.1 million a year ago, chiefly due to lower realized RIN prices which reduced Q1 EBITDA by roughly $4 million and pressured revenue versus 2025.
• Balance sheet and financing strengthened: the company completed ~$288 million of financings (including a $180 million preferred facility), drew its term loan, and exited the quarter with approximately $233 million of liquidity
• Commercial outlook is improving as fleets show momentum toward CNG/RNG deployments—citing diesel price volatility, regulatory clarity, and successful Cummins X15N tests—with initial deployments expected to begin contributing in 2027 (not materially in 2026).
• The company reiterated full‑year 2026 guidance but warned of near‑term lumpiness from weather, construction timing, and one‑off contracts, and noted its forward‑looking optimism reflects management’s perspective rather than guaranteed outcomes.

OPAL Fuels Trading Down 5.3%

OPAL stock traded down $0.12 during midday trading on Monday, hitting $2.15. The stock had a trading volume of 292,562 shares, compared to its average volume of 214,217. The firm has a market cap of $372.81 million, a P/E ratio of 14.53 and a beta of 0.76. The company has a current ratio of 1.18, a quick ratio of 1.07 and a debt-to-equity ratio of 32.18. OPAL Fuels has a 1-year low of $1.65 and a 1-year high of $4.08. The business has a fifty day moving average price of $2.30 and a two-hundred day moving average price of $2.35.

Hedge Funds Weigh In On OPAL Fuels

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. lifted its holdings in OPAL Fuels by 77.2% in the fourth quarter. Invesco Ltd. now owns 5,206,386 shares of the company’s stock valued at $12,261,000 after buying an additional 2,268,741 shares during the period. Vanguard Group Inc. lifted its holdings in OPAL Fuels by 1.0% in the third quarter. Vanguard Group Inc. now owns 1,158,519 shares of the company’s stock valued at $2,549,000 after buying an additional 11,488 shares during the period. Yaupon Capital Management LP lifted its holdings in OPAL Fuels by 3.4% in the fourth quarter. Yaupon Capital Management LP now owns 767,234 shares of the company’s stock valued at $1,807,000 after buying an additional 25,459 shares during the period. Geode Capital Management LLC lifted its holdings in OPAL Fuels by 91.5% in the second quarter. Geode Capital Management LLC now owns 509,294 shares of the company’s stock valued at $1,233,000 after buying an additional 243,399 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in OPAL Fuels by 15.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 315,360 shares of the company’s stock valued at $743,000 after buying an additional 41,056 shares during the period. Institutional investors and hedge funds own 12.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OPAL. The Goldman Sachs Group lifted their price objective on shares of OPAL Fuels from $2.10 to $2.40 and gave the company a “sell” rating in a research note on Tuesday, March 17th. Weiss Ratings upgraded shares of OPAL Fuels from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Zacks Research upgraded shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Wall Street Zen upgraded OPAL Fuels from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, OPAL Fuels presently has an average rating of “Reduce” and a consensus target price of $2.72.

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.

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