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
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