Highest-materiality recent filing
OPAL Fuels amends Series A-1 Preferred: dividend rate to 12%, PIK cap at 2%
Annual dividend rate increased from 8% to 12%, compounding quarterly; PIK limited to 2% per annum, remainder cash.
OPAL Fuels Q1 2026 Adj EBITDA $16.7M, net loss $(5.6)M; revenue down 14% YoY
Revenue $73.4M, down 14% YoY; net loss $(5.6)M vs profit $1.3M; EPS $(0.09).
OPAL Fuels reports 2025 revenue $349M, up 16% YoY; Adj. EBITDA $90.2M, in guidance range
Revenue $349.0M for 2025 (+16% YoY); Q4 revenue $99.8M (+25% YoY).
OPAL Fuels closes $180M preferred facility with Fortistar; redeems $100M existing preferred
Affiliate of Fortistar invested $120M at closing for 1.2M Series A Preferred Units ($100/unit); remaining $60M available.
OPAL Fuels Q3 net income $11.4M, Adjusted EBITDA $19.5M; RNG production up 30% YoY
Revenue $83.4M (-1% YoY); net income $11.4M vs $17.1M; EPS $0.05 vs $0.09.
OPAL Fuels appoints ex-Olin CEO Scott M. Sutton to board; Sutton drove 500% equity gain
Appointed to Board and Compensation Committee effective Nov 1, 2025.
OPAL Fuels Q2 2025 revenue up 13% to $80.5M; net income $7.6M vs $1.9M prior year
Revenue $80.5M (+13% YoY); net income $7.6M (vs $1.9M); diluted EPS $0.03 (vs $(0.01)).
OPAL Fuels Q1 2025 revenue up 31% to $85.4M; adjusted EBITDA $20.1M
Revenue $85.4M (+31% YoY); net income $1.3M vs $0.7M; diluted EPS -$0.01.
OPAL Fuels controlling shareholder exchanges 50M high-vote shares for low-vote shares
Fortistar exchanged 50.0M Class D shares (5 votes each) for equal number of new Class B shares (1 vote each); no change in economic interest.
OPAL Fuels subsidiary sells $9.8M tax credits to Apollo for $8.0M net
OPAL Paragon LLC entered a Tax Credit Purchase Agreement with Apollo to sell $9.8M of investment tax credits generated by Paragon RNG for $8.0M.
OPAL Fuels reports FY2024 revenue $300M, net income $14.3M; Adj. EBITDA $90M
FY2024 revenue $300M (+17% YoY); Q4 revenue $80M (-8% YoY).
OPAL Fuels amends credit agreement; extends term loan availability to March 2026
Amendment eases conditions for borrowing on new projects and extends delayed draw term loan availability to March 5, 2026; repayment starts March 31, 2026.
OPAL Fuels appoints Kazi Hasan as CFO; $500k salary, $1.2M initial equity
Kazi Hasan appointed CFO effective Feb 3, 2025; replaces interim CFO Scott Contino.
OPAL Fuels Q3 revenue rises 18% to $84M; net income $17.1M vs $0.2M loss YoY
Revenue $84.0M (+18% YoY); net income $17.1M vs $0.2M prior-year; diluted EPS $0.09 vs $(0.01).
OPAL Fuels sells $11.1M IRA tax credits to Apollo for $9.0M net, first such deal
Sale of ~$11.1M in IRA investment tax credits from Emerald RNG facility (50% owned by OPAL).
OPAL Fuels Q2 revenue up 29% to $71M; Adj EBITDA $18.9M; RNG production target lowered
Revenue $71.0M (+29% YoY); Net income $1.9M vs $114.1M prior year (included $122.9M non-cash gain).
OPAL Fuels COO Anthony Falbo resigns effective August 2, 2024
Anthony Falbo, COO, resigned to pursue another opportunity; effective date August 2, 2024.
OPAL Fuels Q1 revenue $65M (+51% YoY), net income $0.7M vs loss; RNG produced up 33%
Revenue $65M, up 51% YoY; net income $0.7M vs net loss $7.3M in Q1 2023.
OPAL Fuels amends landfill gas agreement, secures site lease for Florida RNG facility
OPAL subsidiary entered First Amendment to Landfill Gas Purchase Agreement with Polk County, Florida (effective March 6, 2024).
OPAL Fuels FY2023: rev $256.1M, net income $127.0M, EPS $0.70; RNG capacity targets 8.8M MMBtu
Revenue for FY2023 $256.1M (+9% YoY); Q4 $87.0M (+30% YoY).
OPAL Fuels JV Paragon RNG amends credit agreement; extends project completion to Dec 1, 2024
DSR facility reclassified as $10M revolving loan facility with same terms.
On April 21, 2025, Kevin Fogarty advised the Board of Directors (the “Board”) of OPAL Fuels Inc. (the “Company”) that he will not be standing for re-election to the Board at the Company’s 2025 Annual Meeting of Stockholders (the “Annual Meeting”).
On February 3, 2025, OPAL Fuels Inc. (the “Company”) announced the appointment of Mr. Kazi Hasan as Chief Financial Officer and Principal Financial Officer, effective as of February 3, 2025.
Mr. Hasan was also appointed Principal Accounting Officer, effective as of March 18, 2025.
Mr. Scott Contino will resign as the Company’s Interim Chief Financial Officer and Principal Financial Officer.
On June 25, 2024, Mr. Anthony Falbo, chief operating officer of OPAL Fuels Inc. (“OPAL Fuels” or the “Company”), tendered his resignation, to be effective August 2, 2024, in order to pursue another opportunity, and the Company wishes him well with this new endeavor.
Max materiality 0.80 · Median 0.60 · Most common event other_material