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

OPAL Fuels' (OPAL) quarterly Operating Income came in at -$4.8 million in Q1 2026, down 149.38% year-on-year from $9.8 million in Q1 2025, and down 173.43% quarter-over-quarter from $6.6 million in Q4 2025.

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

OPAL Fuels has disclosed Operating Income across 6 years of filings, most recently posting -$4.8 million for Q1 2026.

  • Operating Income for Q1 2026 came in at -$4.8 million, down 149.38% year-over-year; the trailing twelve-month figure through Mar 2026 was $4.5 million (down 71.27% YoY), and the FY2025 annual result was $7.4 million, down 65.06% from the prior year.
  • Operating Income came in at -$4.8 million for Q1 2026 at OPAL Fuels, down from $6.6 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $21.4 million in Q4 2023 to a low of -$10.6 million in Q1 2023.
  • The 5-year median for Operating Income is $2.3 million (2022), against an average of $2.3 million.
  • Across the five-year window, Operating Income slumped 968.76% in 2023 and soared 2006.07% in 2025, its largest moves.
  • OPAL Fuels' Operating Income stood at $8.2 million in 2022, then soared by 161.45% to $21.4 million in 2023, then sank by 101.62% to -$346000.0 in 2024, then jumped by 2006.07% to $6.6 million in 2025, then tumbled by 173.43% to -$4.8 million in 2026.
  • The last three Operating Income figures came in at -$4.8 million (Q1 2026), $6.6 million (Q4 2025), and $3.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Atmos Energy 28.34 Bn 28.21 Bn - 764.80 Mn
2 Nisource 22.33 Bn 24.52 Bn 1.83 Bn 819.20 Mn
3 Ugi 7.49 Bn 6.94 Bn 1.50 Bn 758.00 Mn
4 New Jersey Resources 5.59 Bn 5.45 Bn 826.91 Mn 301.03 Mn
5 Black Hills 5.49 Bn 5.46 Bn - 201.90 Mn
6 ONE Gas 4.93 Bn 4.91 Bn 438.14 Mn 189.59 Mn
7 Mdu Resources 4.39 Bn 4.33 Bn - 115.71 Mn
8 Centuri Holdings 3.01 Bn 2.95 Bn 35.76 Mn -4.74 Mn
9 Chesapeake Utilities 2.96 Bn 2.96 Bn 102.40 Mn 99.40 Mn
10 OPAL Fuels 59.29 Mn -64.67 Mn 37.99 Mn -4.84 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -4.84 Mn
Dec 31, 2025 6.60 Mn
Sep 30, 2025 3.59 Mn
Jun 30, 2025 -827,000.00
Mar 31, 2025 -1.94 Mn
Dec 31, 2024 -346,000.00
Sep 30, 2024 12.31 Mn
Jun 30, 2024 5.69 Mn
Mar 31, 2024 3.57 Mn
Dec 31, 2023 21.38 Mn
Sep 30, 2023 3.60 Mn
Jun 30, 2023 -7.37 Mn
Mar 31, 2023 -10.57 Mn
Dec 31, 2022 8.18 Mn
Sep 30, 2022 -1.94 Mn
Jun 30, 2022 2.31 Mn
Mar 31, 2022 -989,000.00
Dec 31, 2021 8.62 Mn
Sep 30, 2021 3.15 Mn
Jun 30, 2021 -394,413.00