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OPAL Fuels — Third Quarter 2026 Earnings Summary

  • Adjusted EBITDA increased 32% to $26.7 million for the quarter and 16% to $66.5 million for the nine months, while total revenue declined 5% to $79.5 million for the quarter and 5% to $236.3 million for the nine months; net income turned positive at $1.7 million for the quarter compared to a $1.9 million loss in the prior year.
  • The company maintains its 2026 Adjusted EBITDA guidance but expects 2026 RNG production to fall modestly below the guidance range due to delays in implementing operational improvements.
  • Three new RNG projects with a combined 2.0 million MMBtu annual design capacity are scheduled to begin commercial operations in 2027, and liquidity stands at $122.0 million as of September 30, 2026.
  • Capital expenditures totaled $71.0 million for the nine months, and the company recognized $4.2 million in impairment charges primarily related to assets repurposed from renewable power to RNG operations.
Company
OPAL FUELS INC
Sector
Utilities
Industry
Utilities - Regulated Gas