The massive EPS miss vs a 2-analyst consensus suggests a fundamental misalignment between street expectations and reported GAAP results; watch for analyst downgrades and price target cuts. The 40% adjusted EBITDA growth and maintained guidance provide a counter-narrative, but the GAAP net loss swing and negative EPS surprise will likely dominate near-term price action.
Price Chart
Executive Summary
OPAL Fuels reported a net loss of $0.05 per share for Q2 2026, a 126% miss versus consensus estimates of $0.19 EPS, despite Adjusted EBITDA growing 40% YoY to $23.1M. Revenue of $83.4M slightly beat consensus of $82.8M and grew 4% YoY, though the company swung from net income of $7.6M to a net loss of $(4.1)M. Guidance was maintained.
Key Financial Metrics
Key Facts
- EPS of $(0.05) missed consensus of $0.19 by 126.3%
- Revenue of $83.4M beat consensus of $82.8M by 0.7%
- Net loss of $(4.1)M vs net income of $7.6M in Q2 2025
- Adjusted EBITDA grew 40% YoY to $23.1M
- Guidance maintained, no change
- RNG production up 4% YoY to 1.3M MMBtu; Fuel Station Services volume down 4% YoY
Financial Impact
EPS miss of $0.24 per share; GAAP net loss swing of $(11.7)M vs prior year Q2 net income
Risk Factors
- Sustained GAAP net losses pressured by high interest and financing costs ($8.6M in Q2)
- Declining Fuel Station Services volumes (-4% YoY) and Renewable Power revenue (-22% YoY)
- Heavy capex ($52.7M YTD) straining cash flow; liquidity dropped from $232.5M to $162.3M quarter over quarter
- Dependence on environmental credit prices (D3 RIN at $2.68) and 45Z tax credits for profitability
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-054993 |
| Document: opal-20260810.htm | 0001628280-26-054993 |
| Document: 0001628280-26-054993-index-headers.html | 0001628280-26-054993 |
| Document: 0001628280-26-054993-index.html | 0001628280-26-054993 |
| Document: 0001628280-26-054993.txt | 0001628280-26-054993 |
| 8-K Data (Synthetic) | 0001628280-26-054993 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | 8-K | $1.53 | awaiting T+20 | — | $1.54 (+0.65%) |
Oct 20, 2026 7d ago | 8-K | $1.53 | awaiting T+20 | — | $1.54 (+0.65%) |
Sep 18, 2026 5w ago | EFFECT | $1.87 $1.56 | ▲ +16.58% | ▲ +16.78% | $1.54 (+17.65%) |
Sep 2, 2026 7w ago | Insider Cluster | $1.98 $1.74 | ▼ −12.12% | ▼ −11.91% | $1.54 (−22.22%) |
Aug 10, 2026 11w ago | 8-K | $2.60 $1.92 | ▲ +26.15% | ▲ +25.24% | $1.54 (+40.77%) |
Jun 11, 2026 19w ago | Institutional Cluster | $1.91 $2.01 | ▲ +5.24% | ▲ +3.34% | $1.54 (−19.37%) |
Jun 3, 2026 20w ago | 8-K | $2.31 $2.11 | ▼ −8.66% | ▼ −7.29% | $1.54 (−33.33%) |
May 21, 2026 22w ago | Insider Cluster | $2.16 $1.90 | ▼ −12.04% | ▼ −10.62% | $1.54 (−28.70%) |
May 20, 2026 22w ago | 8-K | $2.01 $1.79 | ▼ −11.19% | ▼ −11.53% | $1.54 (−23.38%) |
May 11, 2026 24w ago | 8-K | $2.19 $2.00 | ▲ +8.68% | ▲ +8.37% | $1.54 (+29.68%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers