2026-03-16 11:19:50
OPAL Fuels Inc. Reports Strong Q4 and Full Year 2025 Results with $90.2M Adjusted EBITDA
Expected Stock impact: Noticeably Positive
OPAL Fuels Inc. (Nasdaq: OPAL) announced its financial results for the fourth quarter and full year ended December 31, 2025, showcasing significant growth and operational achievements. The company reported an Adjusted EBITDA of $90.2 million for the year, reflecting a robust performance despite facing regulatory and macroeconomic challenges. In the fourth quarter alone, OPAL Fuels achieved an Adjusted EBITDA of $34.2 million, driven by increased production and the recognition of 45Z production tax credits. The company’s production reached 4.9 million MMBtu, marking a 28% increase compared to the previous year, aided by enhanced operational efficiencies in the latter half of 2025. Revenue for the year totaled $349 million, a 16% increase year-over-year, with fourth-quarter revenue at $99.8 million, up 25% from the same period last year. The company also reported a net income of $36.4 million for the year, a significant turnaround from a loss of $5.4 million in 2024. OPAL Fuels has strengthened its liquidity position, ending the year with $168.2 million in liquidity, including $128.4 million of unused capacity under its senior secured credit facility. The company is optimistic about its growth trajectory for 2026, projecting an Adjusted EBITDA range of $95 million to $110 million, contingent on favorable market conditions and operational improvements. The leadership team expressed confidence in their strategic growth plans, supported by a recent refinancing of their Series A Preferred Units, which provides additional capital for investment across the RNG value chain. The company continues to focus on expanding its renewable natural gas production capabilities and enhancing its operational efficiencies to drive long-term growth.
