OPAL Fuels OPAL
NASDAQ OPAL
$1.85 -0.07 (-3.64%)
As of: Sep 9, 2026 · 3:59 PM EDT

OPAL Fuels (OPAL) Operating Expenses (2021 - 2026)

OPAL Fuels' (OPAL) quarterly Operating Expenses came in at $86.4 million in Q2 2026, up 6.31% year-over-year from $81.3 million in Q2 2025, and up 10.47% quarter-over-quarter from $78.2 million in Q1 2026.

Analysis

OPAL Fuels (OPAL) Operating Expenses (2021 - 2026) Analysis & Trends

OPAL Fuels has disclosed Operating Expenses across 6 years of filings, most recently posting $86.4 million for Q2 2026.

  • In Q2 2026, Operating Expenses rose 6.31% year-over-year to $86.4 million; the TTM figure through Jun 2026 stood at $337.6 million (up 5.24% YoY), while the FY2025 annual figure was $341.6 million, up 22.53% from the prior year.
  • Operating Expenses came in at $86.4 million for Q2 2026 at OPAL Fuels, up from $78.2 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $93.2 million in Q4 2025 to a low of $50.0 million in Q1 2022.
  • Average Operating Expenses over 5 years is $70.1 million, with a median of $68.0 million recorded in 2022.
  • Year-over-year, Operating Expenses surged 12807.03% in 2022 and fell 10.45% in 2026.
  • Over 5 years, Operating Expenses stood at $58.5 million in 2022, then grew by 12.11% to $65.6 million in 2023, then advanced by 22.46% to $80.4 million in 2024, then grew by 15.92% to $93.2 million in 2025, then fell by 7.25% to $86.4 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $86.4 million in Q2 2026, $78.2 million in Q1 2026, and $93.2 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Rex American Resources 1.41 Bn 1.03 Bn 53.30 Mn 15.62 Mn
2 Green Plains 1.08 Bn 836.45 Mn 113.03 Mn 378.35 Mn
3 Gevo 373.36 Mn 315.21 Mn 19.80 Mn 191.51 Mn
4 Clean Energy Fuels 362.32 Mn 222.17 Mn 42.05 Mn 111.49 Mn
5 Montauk Renewables 355.25 Mn 339.48 Mn 52.02 Mn 54.10 Mn
6 Aemetis 130.78 Mn 129.81 Mn 13.52 Mn 7.74 Mn
7 OPAL Fuels 55.13 Mn -37.15 Mn 43.04 Mn 86.41 Mn
8 Blue Biofuels 33.41 Mn 33.38 Mn - 731,106.00
9 Verde Clean Fuels 30.24 Mn -23.32 Mn - 2.52 Mn
10 Clean Vision 6.33 Mn 6.33 Mn - -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 86.41 Mn
Mar 31, 2026 78.22 Mn
Dec 31, 2025 93.16 Mn
Sep 30, 2025 79.77 Mn
Jun 30, 2025 81.28 Mn
Mar 31, 2025 87.35 Mn
Dec 31, 2024 80.37 Mn
Sep 30, 2024 71.74 Mn
Jun 30, 2024 65.26 Mn
Mar 31, 2024 61.38 Mn
Dec 31, 2023 65.63 Mn
Sep 30, 2023 67.50 Mn
Jun 30, 2023 62.41 Mn
Mar 31, 2023 53.53 Mn
Dec 31, 2022 58.54 Mn
Sep 30, 2022 68.49 Mn
Jun 30, 2022 50.91 Mn
Mar 31, 2022 50.04 Mn
Dec 31, 2021 52.54 Mn
Sep 30, 2021 44.03 Mn