OPAL Fuels (OPAL) Research & Development (2023 - 2026)
OPAL Fuels (OPAL) posted Research & Development of $1.8 million for Q1 2026, down 36.11% sequentially from $2.8 million in Q4 2025, and down 70.15% YoY from $6.1 million in Q1 2025.
OPAL Fuels (OPAL) Research & Development (2023 - 2026) Analysis & Trends
OPAL Fuels (OPAL) has 4 years of Research & Development data on file, last reported at $1.8 million in Q1 2026.
- Quarterly Research & Development fell 70.15% year-over-year to $1.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $10.7 million (down 56.25% YoY) and the FY2025 annual result came in at $14.9 million, down 21.81% from the prior year.
- Research & Development fell to $1.8 million in Q1 2026 per OPAL's latest filing, from $2.8 million in the prior quarter.
- The five-year high for Research & Development was $8.6 million in Q4 2024, with the low at $785000.0 in Q1 2024.
- Average Research & Development over 4 years is $3.1 million, with a median of $2.5 million recorded in 2025.
- Year-over-year, Research & Development surged 860.4% in 2024 and tumbled 70.15% in 2026.
- OPAL Fuels' Research & Development stood at $894000.0 in 2023, then surged by 860.4% to $8.6 million in 2024, then slumped by 66.91% to $2.8 million in 2025, then slumped by 36.11% to $1.8 million in 2026.
- Business Quant data shows OPAL's Research & Development at $1.8 million in Q1 2026, $2.8 million in Q4 2025, and $2.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.80 Bn | 28.68 Bn | - | - |
| 2 | Nisource | 22.46 Bn | 24.65 Bn | 1.83 Bn | - |
| 3 | Ugi | 7.39 Bn | 6.84 Bn | 1.50 Bn | - |
| 4 | New Jersey Resources | 5.67 Bn | 5.53 Bn | 826.91 Mn | - |
| 5 | Black Hills | 5.61 Bn | 5.58 Bn | - | - |
| 6 | ONE Gas | 4.80 Bn | 4.77 Bn | 438.14 Mn | - |
| 7 | Mdu Resources | 4.26 Bn | 4.20 Bn | - | - |
| 8 | Chesapeake Utilities | 2.94 Bn | 2.94 Bn | 102.40 Mn | - |
| 9 | Centuri Holdings | 2.87 Bn | 2.82 Bn | 35.76 Mn | - |
| 10 | OPAL Fuels | 62.26 Mn | -61.70 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 |