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 has reported Operating Expenses for 6 years, with the latest figure 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.
- Over five years, Operating Expenses peaked at $93.2 million in Q4 2025 and troughed at $50.0 million in Q1 2022.
- A 5-year average of $69.2 million and a median of $67.5 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2026: Operating Expenses soared 12807.03% in 2022, then retreated 10.45% in 2026.
- Over 5 years, Operating Expenses stood at $58.5 million in 2022, then rose by 12.11% to $65.6 million in 2023, then grew by 22.46% to $80.4 million in 2024, then rose by 15.92% to $93.2 million in 2025, then declined by 16.04% to $78.2 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $78.2 million, $93.2 million, and $79.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.91 Bn | 28.38 Bn | - | - |
| 2 | Nisource | 20.11 Bn | 20.04 Bn | 867.50 Mn | 1.11 Bn |
| 3 | Ugi | 8.18 Bn | 7.70 Bn | 573.00 Mn | 1.38 Bn |
| 4 | Black Hills | 5.62 Bn | 5.54 Bn | - | 355.80 Mn |
| 5 | New Jersey Resources | 5.56 Bn | 5.52 Bn | 243.61 Mn | 317.29 Mn |
| 6 | ONE Gas | 5.16 Bn | 5.13 Bn | 272.01 Mn | 238.68 Mn |
| 7 | Mdu Resources | 4.30 Bn | 4.25 Bn | - | 327.36 Mn |
| 8 | Chesapeake Utilities | 3.31 Bn | 3.29 Bn | 150.20 Mn | 149.00 Mn |
| 9 | Centuri Holdings | 2.20 Bn | 2.16 Bn | 69.14 Mn | 37.24 Mn |
| 10 | OPAL Fuels | 64.03 Mn | -28.25 Mn | 43.04 Mn | 86.41 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |