OPAL at a glance
OPAL Fuels Inc. (OPAL, SEC CIK 1842279) filed its latest 10-K annual report on March 16, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on August 10, 2026 and Form 4 insider filings as recently as September 8, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), OPAL Fuels Inc. (OPAL) reported revenue of $326.7 million (up 12.3% from FY2024) and net income of $4.3 million. Diluted EPS was $0.15.
- As of June 30, 2026, 18 institutional investment managers tracked by SignalX reported holding OPAL Fuels Inc. (OPAL) shares worth $17.3 million in 13F-HR filings.
- The most recent insider open-market purchase reported on Form 4 was by Comora Adam on September 3, 2026 of 20,000 shares at $2.08 per share.
- In the last 90 days, OPAL insiders reported 4 open-market purchases ($177K) and 0 open-market sales ($0) on Form 4, a net purchase of $177K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $326.7M
- +12.3% vs prior year
- Insiders · 90 days
- 4 buys · 0 sells
- Net +$177K
- 13F holders
- 18 funds
- $17.3M · −2 vs prior quarter
- Latest 8-K
- Aug 10, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- Regulatory risk: EPA Renewable Volume Obligations (RVOs) under Energy Independence and Security Act of 2007 set for 2023-2025, impacting demand and RIN pricing volatility
- Macroeconomic risk: Exposure to natural gas and diesel commodity prices affecting RNG demand as alternative fuels
- Operational risk: Inlet Design Capacity Utilization at RNG facilities stable at 75% in 2025, constrained by landfill biogas quality and availability
- Competitive risk: Potential market disruption from emerging hydrogen Fueling Stations, a recent diversification initiative by OPAL Fuels
- Financial risk: $180M Series A preferred units with 12% annual compounding quarterly distributions, senior to other equity except pari passu units
Management Discussion & Analysis
- Majority stockholder controls 89.5% voting power via Class B/D shares, limiting other stockholders' influence
- No cash dividends planned; earnings retained for operations, expansions, and debt repayment
- Risks from potential stock dilution due to future Class A common stock issuances and resale of registered shares (~163.7M shares)
- Market risks include dual-class structure impact on share price, tariff uncertainties, potential credit rating downgrades, and Nasdaq listing compliance risks
Business Overview
- Core business model: Production, sale, and delivery of renewable natural gas (RNG) fuel, fuel station services, and renewable power generation
- New emphasis: Commencement of operations at new RNG facilities (Prince William and Polk) increased contribution to revenue and depreciation expenses
- Strategic shift: Redemption of $100M NextEra Series A preferred units funded by $120M new preferred equity issuance, adjusting capital structure and investor base
- Quantitative highlight: Revenues grew 16% to $349M in 2025; RNG fuel volumes produced up 29% to 4.9 million MMBtus; operating income declined 65% to $7.4M due to higher expenses
- Noteworthy fact: $52.7M income tax benefit earned in 2025, a 492% increase, driven by sale of investment tax credits and production tax credits recognition
AI summary of the OPAL 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- RNG production 1.2M MMBtus vs 1.1M YoY; utilization 76.6% vs 75.0%
- Renewable Power output 0.09M MWh vs 0.08M; capacity utilization 39% vs 35%
- RNG projects operating capacity 9.14M MMBtus; construction pipeline 4.23M
- Headwinds: regulatory changes, commodity prices, seasonality, and higher compliance costs impacting demand and profitability
Risk Factors
- No material changes to 10-K risk factors filed March 16, 2026
- Regulatory and compliance risks carried forward from the 10-K
- Operational and market risks carried forward from the 10-K
- Liquidity and financing risks carried forward from the 10-K
AI summary of the OPAL 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Filing provides fiscal 2026 results through Exhibit 99.1, with substantive financial figures located in the exhibit
- Adjusted EBITDA excludes interest, depreciation, equity-method adjustments, stock compensation, development costs, and other items
Item 7.01: Regulation FD Disclosure
- Forward-looking statement disclaimer accompanying Exhibit 99.1 under Regulation FD disclosure
- Investor relevance limited to caution that projections are uncertain and may differ materially from actual results
Item 5.07: Submission of Matters to a Vote of Security Holders
- Annual meeting quorum achieved with 256,957,639 votes represented
- All eight director nominees elected through 2027, with 246,057,694–250,143,781 votes supporting
AI summaries of OPAL 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for OPAL
Don't miss the next OPAL filing
- Alerts as it files. A push when OPAL files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut OPAL, by share count.
- Ask anything. An AI agent that reads every OPAL filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Comora Adam | Buy | Sep 3, 2026 | 20,000 | $2.08 |
| Comora Adam | Buy | Sep 1, 2026 | 50,000 | $1.93 |
| Nisar Nadeem | Buy | Sep 1, 2026 | 10,000 | $1.91 |
| Nisar Nadeem | Buy | Aug 31, 2026 | 10,000 | $1.98 |
| Sutton Scott McDougald | Buy | Jun 11, 2026 | 50,000 | $1.95 |
| Nisar Nadeem | Buy | Jun 3, 2026 | 5,000 | $2.25 |
| Nisar Nadeem | Buy | Jun 2, 2026 | 10,000 | $2.32 |
| Dols Scott V. | Buy | May 21, 2026 | 7,946 | $2.00 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $290.9M | $326.7M |
| Operating Income | - | $21.2M | $7.4M |
| Net Income | $18.9M | $561K | $4.3M |
| Op. Margin | - | 7.3% | 2.3% |
| Net Margin | - | 0.2% | 1.3% |
| Balance Sheet | |||
| Total Assets | - | $881.1M | $959.5M |
| Equity | -$478.8M | -$148.4M | -$12.9M |
| ROE | -4.0% | -0.4% | -33.1% |
| Per Share | |||
| EPS | $0.69 | $0.02 | $0.15 |
| Cash Flow | |||
| Operating CF | - | $33.0M | $36.5M |
| CapEx | $113.8M | $127.2M | $70.7M |
Source: XBRL data in OPAL Fuels Inc. (OPAL)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate OPAL share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 18 | $17.3M |
| Q1 2026 | 20 | $16.9M |
| Q4 2025 | 17 | $20.5M |
| Q3 2025 | 17 | $13.6M |
| Q2 2025 | 16 | $10.5M |
| Q1 2025 | 10 | $6.2M |
| Q4 2024 | 8 | $8.9M |
| Q3 2024 | 8 | $5.1M |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 114 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
OPAL filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 10-Q | Aug 10, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 10, 2026 | - | Analysis | - |
| 8-K | Jul 28, 2026 | - | Analysis | - |
| 8-K | Jun 22, 2026 | - | Analysis | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 4, 2026 | - | - | |
| 8-K | Jun 3, 2026 | - | Analysis | |
| 4 | May 21, 2026 | - | - | |
| 8-K | May 20, 2026 | - | Analysis | |
| 4 | May 20, 2026 | - | - | |
| 4 | May 20, 2026 | - | - | |
| 10-Q | May 11, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 11, 2026 | - | Analysis | |
| 8-K | Apr 28, 2026 | - | Analysis | - |
| 4 | Apr 2, 2026 | - | - | - |
| 4 | Apr 2, 2026 | - | - | - |
| 4 | Apr 2, 2026 | - | - | - |
| 4 | Apr 2, 2026 | - | - | - |
| 4 | Apr 2, 2026 | - | - | - |
| 4 | Apr 2, 2026 | - | - | - |
| 4 | Apr 2, 2026 | - | - | - |
| 10-K | Mar 16, 2026 | Dec 31, 2025 | Analysis |
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OPAL SEC filings: frequently asked questions
Are OPAL insiders buying or selling?
In the last 90 days, OPAL Fuels Inc. (OPAL) officers, directors and 10% owners reported 4 open-market purchases worth $177,000 by 2 insiders and no open-market sales on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold OPAL stock?
As of June 30, 2026, the largest OPAL Fuels Inc. (OPAL) holders among the 13F filers tracked by SignalX were Invesco Ltd ($9.0 million), BlackRock ($3.1 million), Vanguard Capital Management LLC ($2.2 million), Goldman Sachs Group ($773,000), State Street Corp ($525,000). 13F-HR reports are filed up to 45 days after each quarter ends.
What was OPAL's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), OPAL Fuels Inc. (OPAL) reported revenue of $326.7 million (up 12.3% from FY2024) and net income of $4.3 million. Diluted EPS was $0.15. The figures come from the XBRL data in the 10-K.
What are the main risks in OPAL's latest 10-K?
In the 10-K filed March 16, 2026, OPAL Fuels Inc. (OPAL) flagged: Regulatory risk: EPA Renewable Volume Obligations (RVOs) under Energy Independence and Security Act of 2007 set for 2023-2025, impacting demand and RIN pricing volatility. Macroeconomic risk: Exposure to natural gas and diesel commodity prices affecting RNG demand as alternative fuels. (AI summary of the Risk Factors section.)
What did OPAL report in its latest 8-K?
OPAL Fuels Inc. (OPAL) filed an 8-K on August 10, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Filing provides fiscal 2026 results through Exhibit 99.1, with substantive financial figures located in the exhibit.
What are the latest OPAL SEC filings?
OPAL Fuels Inc. (OPAL) filed its latest 10-K annual report on March 16, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on August 10, 2026 and a Form 4 insider filing on September 8, 2026.
What is OPAL's SEC CIK number?
OPAL Fuels Inc. (OPAL)'s SEC Central Index Key (CIK) is 1842279. EDGAR lists every OPAL filing under that number.
Ask anything about OPAL
The research agent reads OPAL's filings, financials, insider trades and 13F holders, then answers with sources.