OPAL Fuels (OPAL) Revenue & Revenue Breakdown


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OPAL Fuels Revenue Highlights


Latest Revenue (Y)

$299.97M

Latest Revenue (Q)

$85.41M

Main Segment (Y)

Environmental Credits

Main Geography (Y)

Non-US

OPAL Fuels Revenue by Period


OPAL Fuels Revenue by Year

DateRevenueChange
2024-12-31$299.97M17.13%
2023-12-31$256.11M8.74%
2022-12-31$235.53M41.78%
2021-12-31$166.12M41.13%
2020-12-31$117.71M-1.67%
2019-12-31$119.70M-

OPAL Fuels generated $299.97M in revenue during NA 2024, up 17.13% compared to the previous quarter, and up 250.60% compared to the same period a year ago.

OPAL Fuels Revenue by Quarter

DateRevenueChange
2025-03-31$85.41M6.61%
2024-12-31$80.11M-4.69%
2024-09-30$84.05M18.46%
2024-06-30$70.95M9.37%
2024-03-31$64.87M-25.02%
2023-12-31$86.51M21.67%
2023-09-30$71.10M29.18%
2023-06-30$55.04M28.13%
2023-03-31$42.96M-35.61%
2022-12-31$66.72M0.25%
2022-09-30$66.55M25.05%
2022-06-30$53.22M8.50%
2022-03-31$49.05M-19.80%
2021-12-31$61.16M29.61%
2021-09-30$47.18M40.59%
2021-06-30$33.56M38.55%
2021-03-31$24.22M-28.30%
2020-12-31$33.78M-

OPAL Fuels generated $85.41M in revenue during Q1 2025, up 6.61% compared to the previous quarter, and up 98.72% compared to the same period a year ago.

OPAL Fuels Revenue Breakdown


OPAL Fuels Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22
Parts$3.77M$4.68M$4.39M
Service$21.81M$16.71M$16.45M
Environmental Credits$176.06M$126.57M$86.90M
Product and Service, Other$1.17M$632.00K$328.00K

OPAL Fuels's latest annual revenue breakdown by segment (product or service), as of Dec 24: Environmental Credits (86.81%), Service (10.75%), Parts (1.86%), and Product and Service, Other (0.58%).

Quarterly Revenue by Product

Product/ServiceMar 25Dec 24Sep 24Mar 24Dec 23Sep 23Jun 23
Service$6.61M$10.73M$5.74M$5.33M$12.71M$4.00M-
Environmental Credits$55.18M$89.90M$50.48M$35.68M$108.88M$17.69M-
Other Products And Services$277.00K$275.00K-----
Parts$544.00K$2.60M$775.00K$397.00K$2.90M$629.00K$1.15M
Product and Service, Other-$826.00K$341.00K----
Electricity Sales-----$8.93M-

OPAL Fuels's latest quarterly revenue breakdown by segment (product or service), as of Mar 25: Environmental Credits (88.13%), Service (10.56%), Parts (0.87%), and Other Products And Services (0.44%).

OPAL Fuels Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24Dec 23
Non-US$16.29M$16.32M

OPAL Fuels's latest annual revenue breakdown by geography, as of Dec 24: Non-US (100.00%).

Quarterly Revenue by Country

CountryDec 24Sep 24Mar 24
Non-US$7.52M$5.15M$3.62M

OPAL Fuels's latest quarterly revenue breakdown by geography, as of Dec 24: Non-US (100.00%).

OPAL Fuels Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
UGIUGI$7.21B$2.03B
NINiSource$5.46B$1.59B
ATOAtmos Energy$4.17B$1.18B
SRSpire$2.59B$1.05B
OGSONE Gas$2.37B$935.19M
NJRNew Jersey Resources$1.80B$488.36M
NWNNorthwest Natural$1.15B$370.88M
CPKChesapeake Utilities$787.20M$215.05M
OPALOPAL Fuels$299.97M$85.41M
RGCORGC Resources-$27.29M

OPAL Revenue FAQ


What is OPAL Fuels’s yearly revenue?

OPAL Fuels's yearly revenue for 2024 was $299.97M, representing an increase of 17.13% compared to 2023. The company's yearly revenue for 2023 was $256.11M, representing an increase of 8.74% compared to 2022. OPAL's yearly revenue for 2022 was $235.53M, representing an increase of 41.78% compared to 2021.

What is OPAL Fuels’s quarterly revenue?

OPAL Fuels's quarterly revenue for Q1 2025 was $85.41M, a 6.61% increase from the previous quarter (Q4 2024), and a 31.66% increase year-over-year (Q1 2024). The company's quarterly revenue for Q4 2024 was $80.11M, a -4.69% decrease from the previous quarter (Q3 2024), and a -7.40% decrease year-over-year (Q4 2023). OPAL's quarterly revenue for Q3 2024 was $84.05M, a 18.46% increase from the previous quarter (Q2 2024), and a 18.21% increase year-over-year (Q3 2023).

What is OPAL Fuels’s revenue growth rate?

OPAL Fuels's revenue growth rate for the last 3 years (2022-2024) was 27.36%, and for the last 5 years (2020-2024) was 154.85%.

What are OPAL Fuels’s revenue streams?

OPAL Fuels's revenue streams in c 24 are Parts, Service, Environmental Credits, and Product and Service, Other. Parts generated $3.77M in revenue, accounting 1.86% of the company's total revenue, down -19.47% year-over-year. Service generated $21.81M in revenue, accounting 10.75% of the company's total revenue, up 30.49% year-over-year. Environmental Credits generated $176.06M in revenue, accounting 86.81% of the company's total revenue, up 39.10% year-over-year. Product and Service, Other generated $1.17M in revenue, accounting 0.58% of the company's total revenue, up 84.65% year-over-year.

What is OPAL Fuels’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of OPAL Fuels was Environmental Credits. This segment made a revenue of $176.06M, representing 86.81% of the company's total revenue.