OPAL Fuels Inc (NAS:OPAL)

Q4 2025 Opal Fuels Inc Earnings Call Transcript

Mar 16, 2026 / 03:00PM GMT

Release Date Price: $2.73 (+27.57%)

Transcript 10-K8-K

Key Points

Positve

OPAL Fuels Inc (OPAL) achieved a strong adjusted EBITDA of $90.2 million for 2025, aligning with their guidance despite flat year-over-year performance.
RNG production grew by 28% in 2025, indicating significant operational progress.
The company successfully completed a $180 million Series A Preferred Facility, enhancing liquidity and capital structure.
OPAL Fuels Inc (OPAL) is optimistic about improved macro conditions and fleet adoption of CNG and RNG in heavy-duty trucking for 2026.
The company has a robust pipeline of new project opportunities, including biogas rights and renewable power conversion projects.

Negative

RIN prices were 22% lower in 2025, impacting financial results despite production growth.
The Fuel Station Services segment faced macro headwinds in 2025, affecting growth potential.
The cellulosic category within the RFS has not received as much focus from policymakers as liquid agricultural biofuels.
Challenging winter conditions in early 2026 have impacted production and operating costs.
The growth in Fuel Station Services is expected to be more significant in 2027, with 2026 being a pivotal year for business development activities.

Operator

Good day, and thank you for standing by. Welcome to the OPAL Fuels fourth quarter and full year 2025 earnings results conference call. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to turn the conference over to your speaker for today, Todd Firestone, Vice President, Investor Relations. Please go ahead.

Todd Firestone

Opal Fuels Inc - Vice President - Investor Relations and Corporate Development

Thank you, and good morning, everyone. Welcome to the OPAL Fuels fourth quarter and full year 2025 earnings conference call. With me today are Co-CEOs, Adam Comora and Jonathan Maurer as well as Kazi Hasan, OPAL's Chief Financial Officer.

OPAL Fuels released financial and operating results for the fourth quarter and full year 2025 this morning, and those results are available on the Investor Relations section of our website at opalfuels.com. The presentation and access to the webcast for this call are also available on the website. After completion of today's call, a replay will be available for

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.