Filing Flows › Opal Fuels (OPAL) › Q3 2026
Opal Fuels (OPAL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Opal Fuels (OPAL) reported revenue of $79.5M for the third quarter 2026 (Q3 2026), -5% from a year earlier and -5% from the quarter before. Operating margin was 11.1%, net earnings $1.7M (2.1% of revenue).
Opal Fuels, Q3 2026: revenue $79.5M (-5% year over year), operating margin 11.1%, net earnings $1.7M, operating cash flow $16.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $79.5M | -5% | -5% |
| Operating profit | $8.8M | +243% | +82% |
| Net earnings | $1.7M | — | — |
| Operating cash flow | $16.3M | +51% | +273% |
What changed
Revenue was $79.5M in Q3 2026, down 5% year over year and down 5% from the previous quarter. Fuel Station Services was the largest line at 63% of revenue. Fuel Station Services lost $2.0M year over year (down 4%), 51% of the total change.
Operating profit was $8.8M, a 11.1% margin (up 5.3 points year over year). Total costs fell 10% while revenue fell 5%. Net earnings were −$942K. The effective tax rate was 0.0%.
Operating cash flow was $16.3M (up 273% year over year), 982% of net income including minority interests. Non-cash charges added back $5.0M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items added $7.3M. Capital expenditures of $18.3M exceeded it, leaving free cash flow of −$2.0M.
Questions
What was Opal Fuels' revenue in the third quarter 2026?
Opal Fuels (OPAL) reported revenue of $79.5M for the third quarter 2026 (Q3 2026), -5% from a year earlier and -5% from the quarter before.
Was Opal Fuels profitable in the third quarter 2026?
Operating profit was $8.8M (11.1% of revenue) and net earnings $1.7M.
Source: Opal Fuels 10-Q on SEC EDGAR.