Environmental Attributes was OPAL Fuels’s largest product and service line in fiscal 2025, bringing in $144.09M of $348.98M (41%).
| Product and Service | FY 2024 | FY 2025 |
|---|---|---|
| Environmental Attributes | $141.53M | $144.09M |
| Construction | $39.77M | $49.04M |
| Rng Marketing | $34.59M | $43.95M |
| Third Party Station Service & Maintenance | $24.98M | $27.98M |
| Electricity Sales | $22.71M | $21.96M |
| Opal Owned Stations | $17.66M | $20.96M |
| Lease Revenues | $9.12M | $22.26M |
| Brown Gas Sales | $4.75M | $13.65M |
| Capacity | $3.11M | $3.21M |
| Other | $1.76M | $1.88M |
| Total | $299.97M | $348.98M |
OPAL Fuels brought in $348.98M from its 10 product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 16.3% from $299.97M in fiscal 2024. Environmental Attributes was the largest at $144.09M (41.3%), ahead of Construction at $49.04M (14.1%) and Rng Marketing at $43.95M (12.6%). The other seven lines brought in $111.90M combined.
Compared with fiscal 2024, Brown Gas Sales grew fastest, up 187.7% to $13.65M, while Electricity Sales fell the most, down 3.3% to $21.96M.
Fuel Station Services was OPAL Fuels’s largest segment in fiscal 2025, bringing in $214.55M of $348.98M (61%).
| Segment | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Fuel Station Services | $117.42M | $135.01M | $166.88M | $214.55M | |
| Rng Fuel Supply | — | — | $88.42M | $101.66M | |
| Rng Fuel | $73.16M | $66.29M | — | — | |
| Renewable Power | $44.96M | $54.80M | $44.68M | $32.77M | |
| Renewable Power (Includes Revenues From Related Party Of $5,495 & $3,008 For The Years Ended December 31, 2022 And 2021, Respectively) | — | — | — | — | |
| Total | $235.53M | $256.11M | $299.97M | $348.98M |
OPAL Fuels brought in $348.98M from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 16.3% from $299.97M in fiscal 2024. Fuel Station Services was the largest at $214.55M (61.5%), ahead of Rng Fuel Supply at $101.66M (29.1%) and Renewable Power at $32.77M (9.4%).
Compared with fiscal 2024, Fuel Station Services grew fastest, up 28.6% to $214.55M, while Renewable Power fell the most, down 26.7% to $32.77M.
OPAL Fuels began breaking out Rng Fuel Supply in fiscal 2024, when it brought in $88.42M. OPAL Fuels stopped reporting Rng Fuel as a separate segment after fiscal 2023, when it brought in $66.29M.
OPAL Fuels (OPAL) reports its revenue by product and service and by segment. In fiscal 2025, Environmental Attributes was its largest product and service line, bringing in $144.09M (41.3% of the total), followed by Construction at $49.04M (14.1%).
Environmental Attributes was OPAL Fuels' largest product and service line in fiscal 2025, bringing in $144.09M, or 41.3% of the $348.98M total across its 10 product and service lines.
Fuel Station Services was OPAL Fuels' largest segment in fiscal 2025, bringing in $214.55M, or 61.5% of the $348.98M total across its three segments.
Among OPAL Fuels' product and service lines that make up at least 2% of revenue, Brown Gas Sales grew fastest in fiscal 2025, up 187.7% from $4.75M to $13.65M.
Every figure comes from OPAL Fuels' annual financial filings, as reported. Each line keeps the name OPAL Fuels gives it, and years follow its fiscal calendar.
OPAL Fuels' revenue by product and service goes back to fiscal 2024, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.