Business Wire·Nov 9, 2026, 6:30 AM ET

OPAL Fuels Reports Third Quarter 2026 Results

OPAL Fuels reported third-quarter 2026 Adjusted EBITDA of $26.7 million, a 32% increase compared to the prior-year period.
Revenue for the nine months ended September 30, 2026, decreased 5% to $236.3 million compared to the same period last year.
RNG production reached 1.3 million MMBtu in Q3 2026, representing 7% sequential growth from Q2, though full-year 2026 production is expected to be modestly below guidance.
Fuel Station Services EBITDA grew 18% year-over-year, driven by increased fuel volumes, stronger margins, and business development efforts for new fleet deployments.
The company maintained its 2026 Adjusted EBITDA guidance while revising its RNG production outlook downward due to operational improvements taking longer than anticipated.
Three new RNG projects with a combined annual design capacity of approximately 2.0 million MMBtu are expected to begin commercial operations in 2027.
Liquidity as of September 30, 2026, totaled $122.0 million, consisting of $86.0 million in cash, $10.8 million in unused revolver capacity, & $25.2 million in undrawn preferred stock facility.
Capital expenditures for the nine months ended September 30, 2026, were $71.0 million, an increase from $60.9 million in the prior-year period.
RNG Pending Monetization value totaled $14.1 million at the end of the third quarter, including the value of RINs, LCFS credits, & other metrics.
A webcast to discuss the Q3 2026 results is scheduled for November 9, 2026, at 11:00 AM EST.