OPAL Fuels (OPAL) Operating Expenses (2021 - 2026)
OPAL Fuels' (OPAL) quarterly Operating Expenses came in at $78.2 million in Q1 2026, down 10.45% year-on-year from $87.3 million in Q1 2025, and down 16.04% quarter-over-quarter from $93.2 million in Q4 2025.
OPAL Fuels (OPAL) Operating Expenses (2021 - 2026) Analysis & Trends
OPAL Fuels has disclosed Operating Expenses across 6 years of filings, most recently posting $78.2 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $78.2 million, down 10.45% year-over-year; the trailing twelve-month figure through Mar 2026 was $332.4 million (up 9.09% YoY), and the FY2025 annual result was $341.6 million, up 22.53% from the prior year.
- Operating Expenses came in at $78.2 million for Q1 2026 at OPAL Fuels, down from $93.2 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.
- The 5-year median for Operating Expenses is $67.5 million (2023), against an average of $69.2 million.
- Across the five-year window, Operating Expenses jumped 12807.03% in 2022 and declined 10.45% in 2026, its largest moves.
- OPAL Fuels' 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 slipped by 16.04% to $78.2 million in 2026.
- The last three Operating Expenses figures came in at $78.2 million (Q1 2026), $93.2 million (Q4 2025), and $79.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.34 Bn | 28.21 Bn | - | - |
| 2 | Nisource | 22.33 Bn | 24.52 Bn | 1.83 Bn | 1.54 Bn |
| 3 | Ugi | 7.49 Bn | 6.94 Bn | 1.50 Bn | 1.93 Bn |
| 4 | New Jersey Resources | 5.59 Bn | 5.45 Bn | 826.91 Mn | 638.37 Mn |
| 5 | Black Hills | 5.49 Bn | 5.46 Bn | - | 578.80 Mn |
| 6 | ONE Gas | 4.93 Bn | 4.91 Bn | 438.14 Mn | 248.54 Mn |
| 7 | Mdu Resources | 4.39 Bn | 4.33 Bn | - | 490.27 Mn |
| 8 | Centuri Holdings | 3.01 Bn | 2.95 Bn | 35.76 Mn | 32.70 Mn |
| 9 | Chesapeake Utilities | 2.96 Bn | 2.96 Bn | 102.40 Mn | 8.00 Mn |
| 10 | OPAL Fuels | 59.29 Mn | -64.67 Mn | 37.99 Mn | 78.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 394,413.00 |