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

OPAL Fuels (OPAL) posted Operating Expenses of $78.2 million for Q1 2026, down 16.04% sequentially from $93.2 million in Q4 2025, and down 10.45% YoY from $87.3 million in Q1 2025.

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

OPAL Fuels (OPAL) has 6 years of Operating Expenses data on file, last reported at $78.2 million in Q1 2026.

  • Quarterly Operating Expenses fell 10.45% year-over-year to $78.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $332.4 million (up 9.09% YoY) and the FY2025 annual result came in at $341.6 million, up 22.53% from the prior year.
  • Operating Expenses slipped to $78.2 million in Q1 2026 per OPAL's latest filing, from $93.2 million in the prior quarter.
  • The five-year high for Operating Expenses was $93.2 million in Q4 2025, with the low at $50.0 million in Q1 2022.
  • Average Operating Expenses over 5 years is $69.2 million, with a median of $67.5 million recorded in 2023.
  • Year-over-year, Operating Expenses surged 12807.03% in 2022 and slipped 10.45% in 2026.
  • OPAL Fuels' Operating Expenses stood at $58.5 million in 2022, then gained by 12.11% to $65.6 million in 2023, then increased by 22.46% to $80.4 million in 2024, then gained by 15.92% to $93.2 million in 2025, then fell by 16.04% to $78.2 million in 2026.
  • Business Quant data shows OPAL's Operating Expenses at $78.2 million in Q1 2026, $93.2 million in Q4 2025, and $79.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Atmos Energy 28.80 Bn 28.68 Bn - -
2 Nisource 22.46 Bn 24.65 Bn 1.83 Bn 1.54 Bn
3 Ugi 7.39 Bn 6.84 Bn 1.50 Bn 1.93 Bn
4 New Jersey Resources 5.67 Bn 5.53 Bn 826.91 Mn 638.37 Mn
5 Black Hills 5.61 Bn 5.58 Bn - 578.80 Mn
6 ONE Gas 4.80 Bn 4.77 Bn 438.14 Mn 248.54 Mn
7 Mdu Resources 4.26 Bn 4.20 Bn - 490.27 Mn
8 Chesapeake Utilities 2.94 Bn 2.94 Bn 102.40 Mn 8.00 Mn
9 Centuri Holdings 2.87 Bn 2.82 Bn 35.76 Mn 32.70 Mn
10 OPAL Fuels 62.26 Mn -61.70 Mn 37.99 Mn 78.22 Mn

Historic Data

Download Data
DateValue
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