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
DateValue
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