OPAL Fuels (OPAL) Q2 FY26 earnings call

OPAL Fuels delivered solid Q2 FY26 financial results, with adjusted EBITDA up 40% driven by 45Z tax credits and Fuel Station Services growth, despite RNG production being modestly below expectations. The company is focused on operational improvements for existing assets and advancing construction of new RNG projects, with 3 million MMBtu of design capacity expected online over the next 24 months, while maintaining full-year guidance. Management highlighted the long-term growth opportunity in heavy-duty transportation fuel switching to natural gas, supported by the 15-liter engine.