OPAL Fuels (OPAL) Shares Outstanding (Diluted) (2021 - 2026)
OPAL Fuels' Shares Outstanding (Diluted) was 29.64 million in Q2 2026, up 1.4% from 29.23 million a year earlier and up 4.7% from the prior quarter.
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Analysis
OPAL Fuels (OPAL) Shares Outstanding (Diluted) (2021 - 2026) Analysis & Trends
For FY2025, Shares Outstanding (Diluted) at OPAL Fuels came in at 29.25 million, up 5.6% from FY2024.
- Shares Outstanding (Diluted) has now increased for three consecutive years, though with a four-year compound annual growth rate of -1.5% (FY2021 to FY2025).
- In earlier years, Shares Outstanding (Diluted) was 27.69 million in FY2024 (+0.7%), 27.49 million in FY2023 (+5.5%), 26.06 million in FY2022 (-16.2%) and 31.12 million in FY2021.
- The Q2 2026 figure marks the highest quarterly Shares Outstanding (Diluted) since Q2 2022.
- Compared with a year earlier, Shares Outstanding (Diluted) has increased for nine straight quarters, with growth averaging 3.3% over the last eight quarters.
- The best year-over-year quarter for Shares Outstanding (Diluted) over five years was Q3 2025 (growth of 6.7%); the worst was Q3 2022 (a decline of 17.0%).
- Per Business Quant data, OPAL's Shares Outstanding (Diluted) in the three quarters before Q2 2026 was 28.3 million (Q1 2026), 29.25 million (Q4 2025) and 29.59 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 2.71 Bn | 1.80 Bn | -1.68 Mn | 1.39 Bn |
| 2 | Rex American Resources | 1.44 Bn | 86.32 Mn | 53.30 Mn | 33.09 Mn |
| 3 | Green Plains | 1.06 Bn | 456.27 Mn | 113.03 Mn | 84.49 Mn |
| 4 | Montauk Renewables | 391.06 Mn | 318.84 Mn | - | 143.93 Mn |
| 5 | Clean Energy Fuels | 343.76 Mn | -312.04 Mn | 30.14 Mn | 220.26 Mn |
| 6 | Gevo | 326.35 Mn | 43.33 Mn | 19.80 Mn | 237.05 Mn |
| 7 | OPAL Fuels | 305.82 Mn | 38.43 Mn | 24.47 Mn | 29.64 Mn |
| 8 | Aemetis | 128.25 Mn | 112.00 Mn | 13.52 Mn | 70.89 Mn |
| 9 | Verde Clean Fuels | 47.67 Mn | -150.80 Mn | - | 22.07 Mn |
| 10 | Blue Biofuels | 32.35 Mn | 32.16 Mn | - | 321.22 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.64 Mn |
| Mar 31, 2026 | 28.30 Mn |
| Dec 31, 2025 | 29.25 Mn |
| Sep 30, 2025 | 29.59 Mn |
| Jun 30, 2025 | 29.23 Mn |
| Mar 31, 2025 | 27.72 Mn |
| Dec 31, 2024 | 27.69 Mn |
| Sep 30, 2024 | 27.74 Mn |
| Jun 30, 2024 | 27.67 Mn |
| Mar 31, 2024 | 27.37 Mn |
| Dec 31, 2023 | 27.49 Mn |
| Sep 30, 2023 | 26.98 Mn |
| Jun 30, 2023 | 27.25 Mn |
| Mar 31, 2023 | 27.38 Mn |
| Dec 31, 2022 | 26.06 Mn |
| Sep 30, 2022 | 25.82 Mn |
| Jun 30, 2022 | 31.12 Mn |
| Mar 31, 2022 | 31.12 Mn |
| Dec 31, 2021 | 31.12 Mn |
| Sep 30, 2021 | 31.12 Mn |
API Access
OPAL Fuels Shares Outstanding (Diluted) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=OPAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "OPAL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=OPAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();