---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-033124"
form_type: "8-K"
ticker: "OPAL"
cik: "0001842279"
company_name: "OPAL Fuels Inc."
filed_at: "2026-05-11T23:59:59+00:00"
generated_at: "2026-05-14T18:58:28.344720+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# OPAL Fuels Q1 2026 Adj EBITDA $16.7M, net loss $(5.6)M; revenue down 14% YoY

## Summary
- Revenue $73.4M, down 14% YoY; net loss $(5.6)M vs profit $1.3M; EPS $(0.09).
- Adjusted EBITDA $16.7M vs $20.1M; RNG pending monetization $23.5M.
- Refinanced preferred units with $180M facility, $120M drawn; sold IRA ITCs for $23M.
- Entered $100M Master Agreement to monetize section 45Z production tax credits in April.
- Management reaffirms full-year guidance despite seasonally soft Q1.

## SEC filing metadata
- accession: 0001628280-26-033124
- form_type: 8-K
- ticker: OPAL
- cik: 0001842279
- company_name: OPAL Fuels Inc.
- filed_at: 2026-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1842279/000162828026033124/0001628280-26-033124-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1842279/000162828026033124/opal-20260511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-033124
- JSON: https://secwatch.observer/filing/0001628280-26-033124.json
- Plain text: https://secwatch.observer/filing/0001628280-26-033124.txt

## Source-grounded claims
- claim_id: 969d6e64727eb19b03eba80c1b5faa3f6617c71a
  claim: OPAL Fuels Inc. reported the three months ended March 31, 2026 results: revenue $73.4 million, net income $(5.6) million, EPS $(0.09) per diluted share. Guidance reaffirmed.
  evidence_excerpt: Revenue for the three months ended March 31, 2026 and 2025, was $73.4 million and $85.4 million respectively, a decrease of (14)%, compared to the same period last year. 1 • Net (loss) income for the three months ended March 31, 2026 was $(5.6) million, compared to $1.3 million in the same period last year. • Basic and diluted net loss per share attributable to Class A common shareholders for the three months ended months ended March 31, 2026 were $(0.09) compared to $(0.01) in the comparable period last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842279/000162828026033124/0001628280-26-033124-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.