OPAL Fuels Q2 FY26 adjusted EBITDA rises 40% to USD 23.1 million; revenue increases 4% to USD 83.4 million
OPAL•Q2 results
OPAL Fuels posted a Q2 GAAP net loss of USD 4.1 million, swinging from profit; Class A GAAP loss per share was USD 0.05.
GAAP revenue rose 4% from a year earlier to USD 83.4 million, while non-GAAP adjusted EBITDA climbed 40% to USD 23.1 million.
Operating trends
RNG production increased 4% to 1.3 million MMBtu; Fuel Station Services volumes fell 4% to 39 million GGEs.
Tax credit monetization and outlook
The company entered a USD 100 million master agreement to monetize Section 45Z production tax credits; RNG pending monetization totaled USD 16.3 million.
Management maintained 2026 guidance and cited 45Z credits, Fuel Station Services growth, and G&A savings despite flat RIN prices.
