OPAL Fuels (OPAL) EBITDA (2021 - 2026)
OPAL Fuels' (OPAL) quarterly EBITDA came in at -$4.8 million in Q1 2026, down 149.38% year-on-year from $9.8 million in Q1 2025, and down 173.43% quarter-over-quarter from $6.6 million in Q4 2025.
OPAL Fuels (OPAL) EBITDA (2021 - 2026) Analysis & Trends
OPAL Fuels has disclosed EBITDA across 6 years of filings, most recently posting -$4.8 million for Q1 2026.
- EBITDA for Q1 2026 came in at -$4.8 million, down 149.38% year-over-year; the trailing twelve-month figure through Mar 2026 was $4.5 million (down 84.65% YoY), and the FY2025 annual result was $29.0 million, down 24.49% from the prior year.
- EBITDA came in at -$4.8 million for Q1 2026 at OPAL Fuels, down from $6.6 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $24.7 million in Q4 2023 to a low of -$7.3 million in Q1 2023.
- The 5-year median for EBITDA is $4.6 million (2024), against an average of $4.8 million.
- Across the five-year window, EBITDA surged 1506.9% in 2022 and slumped 454.22% in 2023, its largest moves.
- OPAL Fuels' EBITDA stood at $10.8 million in 2022, then soared by 128.73% to $24.7 million in 2023, then slumped by 81.38% to $4.6 million in 2024, then jumped by 43.43% to $6.6 million in 2025, then tumbled by 173.43% to -$4.8 million in 2026.
- The last three EBITDA figures came in at -$4.8 million (Q1 2026), $6.6 million (Q4 2025), and $3.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.34 Bn | 28.21 Bn | - | 576.96 Mn |
| 2 | Nisource | 22.33 Bn | 24.52 Bn | 1.83 Bn | 819.20 Mn |
| 3 | Ugi | 7.49 Bn | 6.94 Bn | 1.50 Bn | 758.00 Mn |
| 4 | New Jersey Resources | 5.59 Bn | 5.45 Bn | 826.91 Mn | 301.03 Mn |
| 5 | Black Hills | 5.49 Bn | 5.46 Bn | - | 201.90 Mn |
| 6 | ONE Gas | 4.93 Bn | 4.91 Bn | 438.14 Mn | 189.59 Mn |
| 7 | Mdu Resources | 4.39 Bn | 4.33 Bn | - | 115.71 Mn |
| 8 | Centuri Holdings | 3.01 Bn | 2.95 Bn | 35.76 Mn | -4.74 Mn |
| 9 | Chesapeake Utilities | 2.96 Bn | 2.96 Bn | 102.40 Mn | 99.40 Mn |
| 10 | OPAL Fuels | 59.29 Mn | -64.67 Mn | 37.99 Mn | -4.84 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -4.84 Mn |
| Dec 31, 2025 | 6.60 Mn |
| Sep 30, 2025 | 3.59 Mn |
| Jun 30, 2025 | -827,000.00 |
| Mar 31, 2025 | -1.94 Mn |
| Dec 31, 2024 | 4.60 Mn |
| Sep 30, 2024 | 16.97 Mn |
| Jun 30, 2024 | 9.77 Mn |
| Mar 31, 2024 | 7.06 Mn |
| Dec 31, 2023 | 24.70 Mn |
| Sep 30, 2023 | 7.08 Mn |
| Jun 30, 2023 | -4.00 Mn |
| Mar 31, 2023 | -7.27 Mn |
| Dec 31, 2022 | 10.80 Mn |
| Sep 30, 2022 | 1.06 Mn |
| Jun 30, 2022 | 5.55 Mn |
| Mar 31, 2022 | 2.05 Mn |
| Dec 31, 2021 | 11.96 Mn |
| Sep 30, 2021 | 3.15 Mn |
| Jun 30, 2021 | -394,413.00 |