OPAL Fuels (OPAL) Research & Development (2023 - 2026)
OPAL Fuels' (OPAL) quarterly Research & Development came in at $1.8 million in Q1 2026, down 70.15% year-on-year from $6.1 million in Q1 2025, and down 36.11% quarter-over-quarter from $2.8 million in Q4 2025.
OPAL Fuels (OPAL) Research & Development (2023 - 2026) Analysis & Trends
OPAL Fuels has disclosed Research & Development across 4 years of filings, most recently posting $1.8 million for Q1 2026.
- Research & Development for Q1 2026 came in at $1.8 million, down 70.15% year-over-year; the trailing twelve-month figure through Mar 2026 was $10.7 million (down 56.25% YoY), and the FY2025 annual result was $14.9 million, down 21.81% from the prior year.
- Research & Development came in at $1.8 million for Q1 2026 at OPAL Fuels, down from $2.8 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $8.6 million in Q4 2024 to a low of $785000.0 in Q1 2024.
- The 4-year median for Research & Development is $2.5 million (2025), against an average of $3.1 million.
- Across the five-year window, Research & Development jumped 860.4% in 2024 and sank 70.15% in 2026, its largest moves.
- OPAL Fuels' Research & Development stood at $894000.0 in 2023, then surged by 860.4% to $8.6 million in 2024, then sank by 66.91% to $2.8 million in 2025, then sank by 36.11% to $1.8 million in 2026.
- The last three Research & Development figures came in at $1.8 million (Q1 2026), $2.8 million (Q4 2025), and $2.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.34 Bn | 28.21 Bn | - | - |
| 2 | Nisource | 22.33 Bn | 24.52 Bn | 1.83 Bn | - |
| 3 | Ugi | 7.49 Bn | 6.94 Bn | 1.50 Bn | - |
| 4 | New Jersey Resources | 5.59 Bn | 5.45 Bn | 826.91 Mn | - |
| 5 | Black Hills | 5.49 Bn | 5.46 Bn | - | - |
| 6 | ONE Gas | 4.93 Bn | 4.91 Bn | 438.14 Mn | - |
| 7 | Mdu Resources | 4.39 Bn | 4.33 Bn | - | - |
| 8 | Centuri Holdings | 3.01 Bn | 2.95 Bn | 35.76 Mn | - |
| 9 | Chesapeake Utilities | 2.96 Bn | 2.96 Bn | 102.40 Mn | - |
| 10 | OPAL Fuels | 59.29 Mn | -64.67 Mn | 37.99 Mn | 1.82 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.82 Mn |
| Dec 31, 2025 | 2.84 Mn |
| Sep 30, 2025 | 2.54 Mn |
| Jun 30, 2025 | 3.48 Mn |
| Mar 31, 2025 | 6.08 Mn |
| Dec 31, 2024 | 8.59 Mn |
| Sep 30, 2024 | 6.80 Mn |
| Jun 30, 2024 | 2.94 Mn |
| Mar 31, 2024 | 785,000.00 |
| Dec 31, 2023 | 894,000.00 |
| Sep 30, 2023 | 974,000.00 |
| Jun 30, 2023 | 1.12 Mn |
| Mar 31, 2023 | 1.88 Mn |