OPAL Fuels Q1 Earnings Call Highlights

• Opal Fuels CEO connected Steering the Future of Renewable Natural Gas

OPAL Fuels (NASDAQ:OPAL) said it remains connected way to conscionable its full-year 2026 guidance contempt little first-quarter gross and adjusted EBITDA, arsenic absorption pointed to improving renewable earthy state production, stronger biology recognition pricing and increasing involvement from heavy-duty trucking fleets successful compressed earthy state and renewable earthy gas.

Speaking connected the company’s first-quarter net call, Co-Chief Executive Officer Adam Comora described the 4th arsenic seasonally brushed and marked by a challenging operating environment, but said accumulation trends and recognition markets were improving successful enactment with expectations.

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“Production is improving successful enactment with our expectations, and we are encouraged by the firming of biology recognition pricing,” Comora said. He added that OPAL is seeing accrued concern improvement enactment tied to caller CNG and RNG fleet deployments successful heavy-duty trucking.

First-quarter results diminution connected little RIN prices

Chief Financial Officer Kazi Hasan said first-quarter gross was $73.3 million, down from $85.4 cardinal successful the prior-year period. Adjusted EBITDA was $16.7 million, compared with $20.1 cardinal successful the archetypal 4th of 2025.

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Hasan attributed the $3.4 cardinal adjusted EBITDA diminution chiefly to little RIN prices. He said realized D3 prices declined by $0.30 to $2.41 successful the archetypal 4th of 2026 versus the year-earlier period, creating an astir $4 cardinal EBITDA impact.

Operationally, Hasan said the concern performed arsenic expected. RNG accumulation totaled 1.2 cardinal MMBtu, up 9% twelvemonth implicit year, reflecting improved execution by the operating team.