OPAL Fuels Reports Q3 2026 Profitability Amidst Revenue Decline and RIN Volatility
OPAL Fuels reported a net income of $1.7 million for the third quarter of 2026, marking a significant turnaround from a $1.9 million loss in the same period last year. Despite this profitability, total revenue fell 5% year-over-year to $79.5 million. The company's Adjusted EBITDA grew 32% to $26.7 million, bolstered by fuel station services, 45Z tax credit contributions, and effective general and administrative cost savings. Operational challenges persist as management lowered full-year RNG production guidance due to slower-than-expected implementation of operational improvements. Additionally, the company faces market headwinds from D3 RIN price volatility caused by oversupply expectations. However, long-term growth prospects remain supported by a planned 2 million MMBtu increase in annual design capacity expected throughout 2027.
Tickers: $OPAL
Topics: EBITDA Fuel Station Services Liquidity Revenue RNG Production
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