OPAL Fuels produces and distributes renewable natural gas (RNG) for use as vehicle fuel in heavy and medium-duty trucking fleets across the United States. The company sources RNG from waste and biogas feedstocks, positioning it as a lower-carbon alternative to diesel fuel. Beyond fuel production, OPAL designs, develops, constructs, and operates fueling stations that enable fleet operators to transition their vehicles to natural gas-based propulsion. The company also designs and builds hydrogen fueling infrastructure, expanding its footprint in alternative fuel distribution.
Revenue streams include the sale of RNG for fleet fueling, station operations and maintenance services, generation and sale of renewable power to utilities, and the monetization of environmental attributes associated with RNG and renewable power generation. The company additionally sells RNG as pipeline-quality natural gas into the broader natural gas distribution network.
Headquartered in White Plains, New York, OPAL Fuels operates with approximately 341 full-time employees and serves trucking fleets throughout the continental United States. The company was founded in 1998 and is incorporated in the Cayman Islands.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | -97.1% | |
| 2023 | $0.69 | $0.70 | +475.0% | |
| 2022 | $0.12 | $0.13 | — | |
| 2021 | — | — | — |