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
Download Data
Historic 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 |