OPAL Fuels Past Earnings Performance

Past criteria checks 5/6

OPAL Fuels's earnings have been declining at an average annual rate of -49.4%, while the Oil and Gas industry saw earnings growing at 9.5% annually. Revenues have been growing at an average rate of 14.4% per year. OPAL Fuels's return on equity is 5.8%, and it has net margins of 0.6%.

Key information

-49.44%

Earnings growth rate

-57.77%

EPS growth rate

Oil and Gas Industry Growth	37.29%
Revenue growth rate	14.43%
Return on equity	5.77%
Net Margin	0.56%
Last Earnings Update	31 Mar 2026

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How OPAL Fuels makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:X3G Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 26	337	2	63
31 Dec 25	349	4	64
30 Sep 25	329	1	63
30 Jun 25	330	2	61
31 Mar 25	320	1	56
31 Dec 24	300	1	53
30 Sep 24	307	5	52
30 Jun 24	294	2	53
31 Mar 24	278	20	51
31 Dec 23	256	19	52
30 Sep 23	236	20	56
30 Jun 23	231	20	59
31 Mar 23	229	1	55
31 Dec 22	236	3	51
30 Sep 22	230	21	45
30 Jun 22	211	23	37
31 Mar 22	191	43	35
31 Dec 21	166	42	29
30 Sep 21	139	1	26
31 Dec 20	118	-25	20
31 Dec 19	120	-5	18

Quality Earnings: X3G has high quality earnings.

Growing Profit Margin: X3G's current net profit margins (0.6%) are higher than last year (0.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: X3G has become profitable over the past 5 years, growing earnings by -49.4% per year.

Accelerating Growth: X3G's earnings growth over the past year (192.2%) exceeds its 5-year average (-49.4% per year).

Earnings vs Industry: X3G earnings growth over the past year (192.2%) exceeded the Oil and Gas industry 7.3%.

Return on Equity

High ROE: X3G's Return on Equity (5.8%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/11 09:35
End of Day Share Price	2026/06/11 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

OPAL Fuels Inc. is covered by 9 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ryan Pfingst	B. Riley Securities, Inc.
Adam Bubes	Goldman Sachs
Martin Malloy	Johnson Rice & Company, L.L.C.