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Sempra vs Opal Fuels: SRE and OPAL compared
Sempra is the larger company: $3.2B of revenue in its latest quarter (Q3 2026) against $83.4M for Opal Fuels (Q2 2026). Opal Fuels is growing faster (+4% against +1% a year earlier). Sempra is more profitable, with an operating margin of 35.3% against -3.6%.
Where the money goes: SRE and OPAL
Sempra (SRE) · Q3 2026
Sempra, Q3 2026: revenue $3.2B (+1% year over year), operating margin 35.3%, net earnings $883M, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
Opal Fuels (OPAL) · Q2 2026
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.
| Sempra (SRE) | Opal Fuels (OPAL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $3.2B | $83.4M |
| Revenue growth, Y/Y | +1% | +4% |
| Operating margin | 35.3% | -3.6% |
| Net earnings | $883M | −$4.1M |
| Net margin | 27.7% | -5.0% |
| Operating cash flow | $1.6B | $10.8M |
| Market value | $52.2B | — |
| P/E | 48.0× | — |
| Analysts’ mean target | $97.16 | — |
Where the revenue comes from
Sempra
- Electric: $1.6B (51%)
- Gas: $1.4B (44%)
- Other revenues: $161M (5%)
Opal Fuels
- Fuel Station Services: $53.1M (64%)
- RNG fuel: $23.8M (29%)
- Renewable Power Segment: $6.5M (8%)
Questions
Which is bigger, Sempra or Opal Fuels?
Sempra is the larger company: $3.2B of revenue in its latest quarter (Q3 2026) against $83.4M for Opal Fuels (Q2 2026).
Is Sempra or Opal Fuels growing faster?
Opal Fuels is growing faster (+4% against +1% a year earlier).
Which is more profitable, Sempra or Opal Fuels?
Sempra is more profitable, with an operating margin of 35.3% against -3.6%.
More: Sempra earnings · how Sempra makes money · Opal Fuels earnings · how Opal Fuels makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.