OPAL Fuels Inc. (OPAL) Q3 FY2026 earnings

Reported results

• Revenue for the three months ended September 30, 2026 was $79.5 million, a decrease of 5% compared to the same period last year.
• Net income for the three months ended September 30, 2026 was $1.7 million, increasing $3.6 million compared to a net loss of $(1.9) million in the same period last year.
• Adjusted EBITDA (a non-GAAP measure) for the three months ended September 30, 2026 was $26.7 million, an increase of 32% compared to $20.2 million for the comparable period last year.
• Basic and diluted net loss per share attributable to Class A common shareholders for the three months ended September 30, 2026 was $(0.03), compared to $(0.03) in the comparable period last year.
• RNG produced was 1.3 million MMBtu for the three months ended September 30, 2026, an increase of 5% compared to the prior-year period.

Guidance

• The company maintains its 2026 Adjusted EBITDA guidance and expects full year Adjusted EBITDA results to be within the lower end of its guidance range.
• The company expects 2026 RNG production to be modestly below its guidance range.

Notes

During the third quarter of 2026, the company voluntarily changed its accounting policy for transferable investment tax credits (ITCs) under IRC §48 and clean fuel production tax credits under IRC §45Z, applying the change retrospectively to all prior periods presented.

Price and volatility reaction

Source

The figures above come from the earnings release the company filed with the SEC on 2026-11-09 (8-K, Item 2.02). Read the original filing on sec.gov.