Filing Flows › Opal Fuels (OPAL) › Q2 2026
Opal Fuels (OPAL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Opal Fuels (OPAL) reported revenue of $83.4M for the second quarter 2026 (Q2 2026), +4% from a year earlier and +14% from the quarter before. Operating margin was -3.6%, net loss $4.1M (5.0% of revenue).
Opal Fuels, Q2 2026: revenue $83.4M (+4% year over year), operating margin -3.6%, net loss $4.1M, operating cash flow $10.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $83.4M | +14% | +4% |
| Operating profit | −$3.0M | — | — |
| Net earnings | −$4.1M | — | -155% |
| Operating cash flow | $10.8M | -17% | — |
What changed
Revenue was $83.4M in Q2 2026, up 4% year over year and up 14% from the previous quarter. Fuel Station Services was the largest line at 64% of revenue. Fuel Station Services added $6.0M year over year (up 13%), 205% of the total change. Renewable Power Segment declined 22%.
Operating costs exceeded revenue by $3.0M, an operating margin of -3.6%. Total costs grew 6% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+14%). The quarter ended with a net loss of $4.1M, narrower than the previous quarter's $5.6M loss. Minority interests bore $2.6M of it: to shareholders the quarter was a loss of $1.5M. Net interest and other expense of $5.9M was the main reason.
Operating cash flow was $10.8M. Non-cash charges added back $5.2M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items added $7.7M. Capital expenditures of $28.3M exceeded it, leaving free cash flow of −$17.6M.
Questions
What was Opal Fuels' revenue in the second quarter 2026?
Opal Fuels (OPAL) reported revenue of $83.4M for the second quarter 2026 (Q2 2026), +4% from a year earlier and +14% from the quarter before.
Was Opal Fuels profitable in the second quarter 2026?
Operating loss was $3.0M (-3.6% of revenue) and net loss $4.1M.
Source: Opal Fuels 10-Q on SEC EDGAR.