Jun 2026 (Q2 FY26) — Aug 10, 2026
OPAL Fuels Q2 FY26 — Solid Financials Driven by Tax Credits and FSS Growth
Read the full callOPAL Fuels earnings: last reported Mon, 10 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 83.4 | +3.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -3.6 | −2.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. |
Price
1Y: $2.5 on 17 Oct 2025 → $1.57. High $2.73 (16 Mar 2026), low $1.56 (16 Oct 2026).
Overview
Call summaries
OPAL Fuels Q2 FY26 — Solid Financials Driven by Tax Credits and FSS Growth
Read the full callEvery analysed call
Financials
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 84 | 80 | 85 | 80 | 83 | 100 | 73 | 83 |
| Expenses | 72 | 80 | 87 | 81 | 80 | 93 | 78 | 86 |
| Operating profit | 12 | -0 | -2 | -1 | 4 | 7 | -5 | -3 |
| Operating margin | 14.7% | −0.4% | −2.3% | −1.0% | 4.3% | 6.6% | −6.6% | −3.6% |
| Other income | -4 | -5 | -5 | -5 | -7 | -7 | -6 | -6 |
| Interest | — | — | 6 | 7 | — | — | 7 | 9 |
| Profit before tax | 8 | -5 | -7 | -6 | -3 | -0 | -11 | -9 |
| Tax rate | — | — | 119.0% | 223.4% | — | — | 50.5% | 53.3% |
| EPS ($ per share) | 0.09 | — | -0.01 | 0.03 | 0.05 | — | -0.09 | -0.05 |
| Line item | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Reserves | 0 | -801 | -467 | -137 | -1 |
| Total liabilities | 286 | 267 | 297 | 416 | 462 |
| Fixed assets | 170 | 297 | 339 | 458 | 496 |
| Investments | 0 | 65 | 10 | 0 | — |
| Total assets | 381 | 645 | 755 | 881 | 959 |
| Line item | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash from operations | 19 | -1 | 38 | 31 | 36 |
| Cash from investing | -117 | -184 | -74 | -135 | -77 |
| Cash from financing | 125 | 221 | 6 | 84 | 42 |
| Net cash flow | 27 | 35 | -30 | -18 | — |
| Capital expenditure | -90 | -131 | -114 | -127 | -71 |
| Free cash flow | -71 | -133 | -76 | -96 | -34 |
58 filings between Mar 31, 2026 and Sep 3, 2026.
Purchases
$460.7K
14 purchases by 4 insiders
Sales
None
No insider sold shares.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Comora Adam | $138.1K | — | Sep 3, 2026 |
| Nisar Nadeem | $123.3K | — | Sep 1, 2026 |
| Dols Scott V. | $101.8K | — | May 21, 2026 |
| Sutton Scott McDougald | $97.5K | — | Jun 11, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 3, 2026 | Comora Adam Co-Chief Executive Officer | Purchase | 20,000 | $41.6K |
| Sep 1, 2026 | Nisar Nadeem Director | Purchase | 10,000 | $19.1K |
| Sep 1, 2026 | Comora Adam Co-Chief Executive Officer | Purchase | 50,000 | $96.5K |
| Aug 31, 2026 | Nisar Nadeem Director | Purchase | 10,000 | $19.8K |
| Jun 11, 2026 | Sutton Scott McDougald Director | Purchase | 50,000 | $97.5K |
| Jun 3, 2026 | Nisar Nadeem Director | Purchase | 5,000 | $11.3K |
| Jun 2, 2026 | Nisar Nadeem Director | Purchase | 10,000 | $23.2K |
| May 21, 2026 | Dols Scott V. Director | Purchase | 7,946 | $15.9K |
| May 20, 2026 | Dols Scott V. Director | Purchase | 4,346 | $9.0K |
| May 19, 2026 | Dols Scott V. Director | Purchase | 25,105 | $51.5K |
| May 18, 2026 | Dols Scott V. Director | Purchase | 12,603 | $25.5K |
| May 18, 2026 | Nisar Nadeem Director | Purchase | 5,000 | $10.1K |
| May 15, 2026 | Nisar Nadeem Director | Purchase | 10,000 | $19.4K |
| May 14, 2026 | Nisar Nadeem Director | Purchase | 10,000 | $20.5K |
| Mar 31, 2026 | Dols Scott V. Director | Option exercise | 66,073 | — |
| Mar 31, 2026 | Birck Darrell Executive Vice President | Option exercise | 36,708 | — |
| Mar 31, 2026 | Nisar Nadeem Director | Option exercise | 66,073 | — |
| Mar 31, 2026 | Hasan Kazi Chief Financial Officer | Option exercise | 146,829 | — |
| Mar 31, 2026 | Hasan Kazi Chief Financial Officer | Option exercise | 73,415 | — |
| Mar 31, 2026 | Martell James J Director | Option exercise | 66,073 | — |
| Mar 31, 2026 | Vemuri Ashok Director | Option exercise | 66,073 | — |
| Mar 31, 2026 | Comora Adam Co-Chief Executive Officer | Tax withheld | 8,379 | $21.1K |
| Mar 31, 2026 | Maurer Jonathan Gilbert Co-Chief Executive Officer | Option exercise | 67,204 | — |
| Mar 31, 2026 | Hasan Kazi Chief Financial Officer | Tax withheld | 26,466 | $66.7K |
| Mar 31, 2026 | Coghlin John General Counsel | Option exercise | 10,847 | — |
| Mar 31, 2026 | Hasan Kazi Chief Financial Officer | Tax withheld | 52,931 | $133.4K |
| Mar 31, 2026 | Comora Adam Co-Chief Executive Officer | Option exercise | 23,243 | — |
| Mar 31, 2026 | Birck Darrell Executive Vice President | Tax withheld | 8,938 | $22.5K |
| Mar 31, 2026 | Unger David C Executive Vice President | Option exercise | 80,703 | — |
| Mar 31, 2026 | Unger David C Executive Vice President | Tax withheld | 29,093 | $73.3K |
| Mar 31, 2026 | Coghlin John General Counsel | Option exercise | 65,258 | — |
| Mar 31, 2026 | Coghlin John General Counsel | Option exercise | 23,522 | — |
| Mar 31, 2026 | Comora Adam Co-Chief Executive Officer | Tax withheld | 58,813 | $148.2K |
| Mar 31, 2026 | Comora Adam Co-Chief Executive Officer | Option exercise | 163,143 | — |
| Mar 31, 2026 | Coghlin John General Counsel | Tax withheld | 6,034 | $15.2K |
| Mar 31, 2026 | Coghlin John General Counsel | Option exercise | 16,738 | — |
| Mar 31, 2026 | Comora Adam Co-Chief Executive Officer | Tax withheld | 24,227 | $61.1K |
| Mar 31, 2026 | Unger David C Executive Vice President | Tax withheld | 2,095 | $5.3K |
| Mar 31, 2026 | Unger David C Executive Vice President | Option exercise | 5,811 | — |
| Mar 31, 2026 | Coghlin John General Counsel | Tax withheld | 8,479 | $21.4K |
| Mar 31, 2026 | Comora Adam Co-Chief Executive Officer | Option exercise | 67,204 | — |
| Mar 31, 2026 | Coghlin John General Counsel | Tax withheld | 23,525 | $59.3K |
| Mar 31, 2026 | Unger David C Executive Vice President | Tax withheld | 20,584 | $51.9K |
| Mar 31, 2026 | Coghlin John General Counsel | Tax withheld | 3,910 | $9.9K |
| Mar 31, 2026 | Maurer Jonathan Gilbert Co-Chief Executive Officer | Option exercise | 35,868 | — |
| Mar 31, 2026 | Maurer Jonathan Gilbert Co-Chief Executive Officer | Tax withheld | 12,930 | $32.6K |
| Mar 31, 2026 | Unger David C Executive Vice President | Option exercise | 57,100 | — |
| Mar 31, 2026 | Maurer Jonathan Gilbert Co-Chief Executive Officer | Tax withheld | 24,227 | $61.1K |
| Mar 31, 2026 | Maurer Jonathan Gilbert Co-Chief Executive Officer | Option exercise | 163,143 | — |
| Mar 31, 2026 | Unger David C Executive Vice President | Tax withheld | 8,479 | $21.4K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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