Filing Flows › Opal Fuels (OPAL) › How it makes money
How Opal Fuels (OPAL) makes money
Opal Fuels (OPAL) made $83.4M of revenue in the second quarter 2026 (Q2 2026), +4% from a year earlier. Fuel Station Services brought in $53.1M (64%); RNG fuel brought in $23.8M (29%); Renewable Power Segment brought in $6.5M (8%).
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Fuel Station Services | $53.1M | 63.6% | +19% | +13% |
| RNG fuel | $23.8M | 28.6% | +10% | -5% |
| Renewable Power Segment | $6.5M | 7.8% | -9% | -22% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $83.4M | 100.0% |
| Operating cash flow | $10.8M | 12.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $83.4M | +4% |
| Q1 2026 | $73.4M | -14% |
| Q4 2025 | $99.8M | +25% |
| Q3 2025 | $83.4M | -0.8% |
| Q2 2025 | $80.5M | +13% |
| Q1 2025 | $85.4M | +32% |
| Q4 2024 | $80.0M | -8% |
From Opal Fuels' 10-Q filed Aug 10, 2026 (on EDGAR).
Questions
How does Opal Fuels make money?
Opal Fuels (OPAL) made $83.4M of revenue in the second quarter 2026 (Q2 2026), +4% from a year earlier. Fuel Station Services brought in $53.1M (64%); RNG fuel brought in $23.8M (29%); Renewable Power Segment brought in $6.5M (8%).
What is Opal Fuels' biggest business?
Fuel Station Services: $53.1M in the second quarter 2026, 64% of revenue, +13% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.