OPAL Fuels (OPAL) reported second-quarter 2026 revenue of $83.4 million, up 4% from a year earlier, and a net loss of $4.1 million, compared with net income of $7.6 million in the prior-year period. Adjusted EBITDA was $23.1 million, up 40% year over year.
The company said results reflected 45Z production tax credits, growth in Fuel Station Services and G&A cost savings. OPAL maintained its 2026 guidance and reported liquidity of $162.3 million as of June 30, 2026.
- Second-quarter total revenue was $83.4 million, compared with $80.5 million a year earlier.
- Net loss was $4.1 million, versus net income of $7.6 million in the same period last year.
- Basic and diluted net loss per Class A share was $0.05 for the quarter.
- RNG produced was 1.3 million MMBtu for the quarter, up 4% from the prior-year period.
- Fuel Station Services sold, dispensed and serviced 39.0 million GGEs of transportation fuel.
- RNG Pending Monetization totaled $16.3 million at June 30, 2026.
$OPAL Insider Trading Activity
$OPAL insiders have traded $OPAL stock on the open market 10 times in the past 6 months. Of those trades, 10 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $OPAL stock by insiders over the last 6 months:
- SCOTT V. DOLS has made 4 purchases buying 50,000 shares for an estimated $101,768 and 0 sales.
- SCOTT MCDOUGALD SUTTON purchased 50,000 shares for an estimated $97,500
- NADEEM NISAR has made 5 purchases buying 40,000 shares for an estimated $84,450 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$OPAL Hedge Fund Activity
We have seen 34 institutional investors add shares of $OPAL stock to their portfolio, and 34 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLUECREST CAPITAL MANAGEMENT LTD removed 358,018 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $902,205
- MARSHALL WACE, LLP added 224,445 shares (+inf%) to their portfolio in Q1 2026, for an estimated $565,601
- CITADEL ADVISORS LLC added 164,067 shares (+inf%) to their portfolio in Q1 2026, for an estimated $413,448
- BLACKROCK, INC. added 155,469 shares (+12.4%) to their portfolio in Q2 2026, for an estimated $342,031
- J. DEREK LEWIS & ASSOCIATES INC. removed 66,500 shares (-21.1%) from their portfolio in Q2 2026, for an estimated $146,300
- MORGAN STANLEY removed 65,276 shares (-38.8%) from their portfolio in Q1 2026, for an estimated $164,495
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 58,639 shares (+213.0%) to their portfolio in Q1 2026, for an estimated $147,770
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
