OPAL Fuels Q2 adjusted EBITDA up on fuel station services growth

Opal Fuels

10/08/2026 11:39

Overview
U.S. renewable natural gas producer's Q2 revenue grew 4% yr/yr but missed analyst expectations
Q2 adjusted EBITDA rose 40% yr/yr and slightly beat analyst estimates
Company attributed results to production tax credits, FSS segment growth, and G&A cost savings

Outlook
Company maintains 2026 guidance
OPAL Fuels expects to expand production capacity as new RNG facilities come online
Company expects landfill inlet design capacity utilization of 75-85% over the next several years

Result Drivers
PRODUCTION TAX CREDITS - Co said contribution from 45Z production tax credits supported Q2 financial results
FUEL STATION SERVICES GROWTH - Growth in Fuel Station Services segment contributed to Q2 results
COST SAVINGS - G&A cost savings helped drive Q2 financial results

Company press release: ID:nBw8Wt4Xfa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$83.40 mln
$92.08 mln (4 Analysts)
Q2 Loss Per Share
 
$0.05
 
Q2 Net Loss
 
$4.15 mln
 
Q2 Adjusted EBITDA
Slight Beat*
$23.14 mln
$22.98 mln (5 Analysts)
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the oil & gas exploration and production peer group is "hold."
Wall Street's median 12-month price target for Opal Fuels Inc. is $4.00, about 71.7% above its August 7 closing price of $2.33
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)