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Revenue by Segment
Analyzes income from different business areas, highlighting which segments drive growth and profitability, and indicating strategic focus areas.
Fuel Station Services is the backbone of revenue growth while RNG Fuel shows seasonal swings and recent softening; Renewable Power is the weakest, trending down. Management attributes the latest quarter’s revenue and EBITDA pressure to lower realized RINs, weather-related operational disruptions, and lumpy construction timing, but has bolstered liquidity and tax‑credit monetization and expects production and capacity to accelerate. Expect continued quarter-to-quarter volatility from RIN pricing and station construction timing, with clearer upside once new capacity and stations come online.
OPAL Revenue by Segment
| Date | RNG Fuel | Fuel Station Services | Renewable Power |
|---|---|---|---|
| Jun 30, 2026 | $23.82M | $53.06M | $6.51M |
| Mar 31, 2026 | $21.64M | $44.57M | $7.17M |
| Dec 31, 2025 | $26.01M | $65.13M | $8.62M |
| Sep 30, 2025 | $22.92M | $51.72M | $8.71M |
| Jun 30, 2025 | $25.13M | $47.03M | $8.30M |
| Mar 31, 2025 | $27.60M | $50.68M | $7.13M |
| Dec 31, 2024 | $25.38M | $45.08M | $9.56M |
| Sep 30, 2024 | $25.86M | $45.40M | $12.79M |
| Jun 30, 2024 | $19.45M | $39.26M | $12.25M |
| Mar 31, 2024 | $17.73M | $37.14M | $10.08M |
| Dec 31, 2023 | $28.82M | $46.92M | $11.26M |
| Sep 30, 2023 | $20.09M | $37.30M | $13.71M |
| Jun 30, 2023 | $10.63M | $29.96M | $14.46M |
| Mar 31, 2023 | $6.75M | $20.83M | $15.38M |
| Dec 31, 2022 | $24.34M | $30.04M | $12.34M |
| Sep 30, 2022 | $18.29M | $35.77M | $12.49M |
