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Opal Fuels Inc's Business Segments
Opal Fuels Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q2 FY2026
Reportable Segments
3
Largest Segment
Fuel Station Services
Total Revenue
$ 83
Regions Reported
-
Revenue Share by Reportable Segment - Q2 FY2026
- Fuel Station Services63.6%
- Renewable Natural Gas Fuel Supply28.6%
- Renewable Power7.8%
Revenue by Reportable Segment - Q2 FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Fuel Station Services | $ 53 | 63.6% |
| Renewable Natural Gas Fuel Supply | $ 24 | 28.6% |
| Renewable Power | $ 7 | 7.8% |
Revenue by Product & Service Category - Q2 FY2026
- Environmental Attributes and RNG Marketing37.2%
- Environmental Attributes24.5%
- Third Party Station Service and Maintenance8.5%
- Construction7.6%
- OPAL Owned Stations6.1%
- Electricity sales5.9%
- Lease Revenues4.2%
- Brown Gas Sales and Other4.1%
- Other0.3%
Revenue by Product & Service Category - Q2 FY2026
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Environmental Attributes and RNG Marketing | $ 31 | 37.2% |
| Environmental Attributes | $ 20 | 24.5% |
| Third Party Station Service and Maintenance | $ 7 | 8.5% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
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Description of Opal Fuels Inc
Opal Fuels Inc is a leading alternative fuels company headquartered in Oklahoma City, Oklahoma. The company was founded in 2008 by Steve Gentry, a veteran of the propane and natural gas industries, and since then, it has been at the forefront of the movement to transition America's transportation sector from traditional petroleum-based fuels to cleaner, more sustainable alternatives.
Opal Fuels offers a range of alternative fuel products and services, including compressed natural gas (CNG), renewable natural gas (RNG), and propane. The company operates a diverse portfolio of fueling stations across the United States, with a particular focus on the Southwestern and Southeastern regions of the country. Opal Fuels also offers a comprehensive suite of turnkey fueling solutions, including design, construction, equipment sourcing, maintenance, and compliance support.
One of the key differentiators of Opal Fuels is its strong commitment to sustainability and environmental responsibility. The company's RNG product is particularly notable in this regard, as it is made from biogas captured at landfills, wastewater treatment plants, and other biogenic sources. By leveraging these otherwise wasted resources, Opal Fuels is able to offer a carbon-negative fuel that not only provides a more sustainable energy source but helps to reduce harmful greenhouse gas emissions.
In recent years, Opal Fuels has emerged as a key player in the push to transition heavy-duty vehicles, particularly in the trucking and transit sectors, to alternative fuels. The company has leveraged its expertise in fueling infrastructure and vehicle technology to create a comprehensive solution that meets the unique needs of this market. This has included partnering with leading vehicle manufacturers and fleet operators to help develop and implement new, clean-energy technologies.
Overall, Opal Fuels is a pioneering company that is driving the shift toward a cleaner, more sustainable transportation sector. Through a combination of innovative products and services, a strong commitment to sustainability, and a deep understanding of the complex needs of the market, the company has established itself as a leading force in the alternative fuels industry.
Opal Fuels offers a range of alternative fuel products and services, including compressed natural gas (CNG), renewable natural gas (RNG), and propane. The company operates a diverse portfolio of fueling stations across the United States, with a particular focus on the Southwestern and Southeastern regions of the country. Opal Fuels also offers a comprehensive suite of turnkey fueling solutions, including design, construction, equipment sourcing, maintenance, and compliance support.
One of the key differentiators of Opal Fuels is its strong commitment to sustainability and environmental responsibility. The company's RNG product is particularly notable in this regard, as it is made from biogas captured at landfills, wastewater treatment plants, and other biogenic sources. By leveraging these otherwise wasted resources, Opal Fuels is able to offer a carbon-negative fuel that not only provides a more sustainable energy source but helps to reduce harmful greenhouse gas emissions.
In recent years, Opal Fuels has emerged as a key player in the push to transition heavy-duty vehicles, particularly in the trucking and transit sectors, to alternative fuels. The company has leveraged its expertise in fueling infrastructure and vehicle technology to create a comprehensive solution that meets the unique needs of this market. This has included partnering with leading vehicle manufacturers and fleet operators to help develop and implement new, clean-energy technologies.
Overall, Opal Fuels is a pioneering company that is driving the shift toward a cleaner, more sustainable transportation sector. Through a combination of innovative products and services, a strong commitment to sustainability, and a deep understanding of the complex needs of the market, the company has established itself as a leading force in the alternative fuels industry.
Opal Fuels Inc. is a prominent player in the field of environmentally responsible fuel solutions, strongly focused on providing sustainable alternatives within the transportation and energy markets. The company takes a comprehensive approach to its offerings, subdividing them into three major categories: segments, products, and services. Below is an extensive analysis of each.
Segments
1. Transportation Segment
- Light-Duty Vehicles: Opal Fuels caters to passenger cars and light-duty trucks. This includes vehicles designed for personal and small business use, emphasizing fuel efficiency and reduced emissions.
- Heavy-Duty Vehicles: This includes larger trucks, buses, and fleet vehicles. Their fuel solutions are particularly beneficial for commercial transport companies looking to reduce operating costs and environmental impact. The heavy-duty segment often incorporates routes and services tailored to long-haul transportation needs.
- Marine Transportation: Opal Fuels also provides solutions for the marine industry. This segment is increasingly focused on greener shipping practices, which incorporate more sustainable fuel options that enhance environmental compliance.
- Off-Road Vehicles: This segment encompasses construction, agricultural, and other machinery that operates off public highways. Opal Fuels provides products that not only offer efficiency but also minimize the carbon footprint of these machines.
- Railroad Transportation: The company is stepping into the railroad sector by offering fuel solutions that seek to lower emissions associated with rail transport, aiming to align with broader sustainability goals.
2. Energy Segment
- Opal Fuels serves various industrial applications by supplying fuel solutions for generators, boilers, and furnaces.
- Industrial Applications: Focused on providing clean and efficient energy to manufacturing facilities, warehouses, and other large-scale operations that require consistent and reliable power supplies. Their offerings help industries transition away from traditional fossil fuels and move toward cleaner alternatives.
Products
1. Compressed Natural Gas (CNG): A prominent product in Opal Fuels’ portfolio, CNG is considered a clean and efficient fuel alternative to conventional fuels like gasoline and diesel. It is gaining popularity for use in fleets, public transportation (buses), and taxis due to its lower emissions and cost-effectiveness.
2. Liquefied Natural Gas (LNG): In liquid form, LNG is optimized for long-distance transport, particularly beneficial for heavy-duty trucking and marine sectors. Its higher energy density allows for transporting significant amounts of energy in a condensed volume, making it particularly suitable for applications where space is a premium.
3. Renewable Natural Gas (RNG): Produced from organic waste or agricultural byproducts, RNG represents a carbon-neutral alternative. The company focuses on tapping into the growing market of waste-to-energy, where methane is captured and processed to provide a renewable energy source, benefiting both the environment and the economy.
4. Diesel Fuel: While Opal Fuels is primarily associated with natural gas solutions, they also provide diesel fuel for customers who require it, particularly in applications where alternative fuels may not be feasible.
Services
1. Fueling Infrastructure Solutions: Opal Fuels designs and constructs fueling stations for CNG and LNG, ensuring that clients have the necessary infrastructure to support their fuel needs. This often includes ongoing maintenance and compliance support to meet regulatory standards.
2. Fuel Supply Management: Recognizing the logistical challenges of fuel supply, Opal Fuels manages transportation and storage logistics to deliver natural gas reliably and securely. This service enhances customer confidence in their fuel supply chains.
3. Fleet Management Services: Opal Fuels provides solutions that aim to optimize fleet operations. This service includes consulting, analytics, and tools designed to enhance routes, reduce costs, and increase the overall efficiency of fleet management through alternative fuel solutions.
4. Training and Education Services: Understanding that transition to alternative fuels involves more than just new products, Opal Fuels offers comprehensive training programs to educate customers on the safe use of natural gas, benefits of alternative fuels, and compliance with industry regulations. This proactive approach addresses common concerns and encourages wider adoption.
Conclusion
Opal Fuels Inc. stands at the forefront of the clean fuel industry, smartly catering to the diverse needs of transportation and energy markets. With its dedication to sustainability, comprehensive product offerings, and customer-centric services, Opal Fuels not only meets current demands but also anticipates future shifts towards environmental responsibility. Its commitment to innovation and excellence solidifies its position as a leader in environmentally friendly fuel solutions.
Segments
1. Transportation Segment
- Light-Duty Vehicles: Opal Fuels caters to passenger cars and light-duty trucks. This includes vehicles designed for personal and small business use, emphasizing fuel efficiency and reduced emissions.
- Heavy-Duty Vehicles: This includes larger trucks, buses, and fleet vehicles. Their fuel solutions are particularly beneficial for commercial transport companies looking to reduce operating costs and environmental impact. The heavy-duty segment often incorporates routes and services tailored to long-haul transportation needs.
- Marine Transportation: Opal Fuels also provides solutions for the marine industry. This segment is increasingly focused on greener shipping practices, which incorporate more sustainable fuel options that enhance environmental compliance.
- Off-Road Vehicles: This segment encompasses construction, agricultural, and other machinery that operates off public highways. Opal Fuels provides products that not only offer efficiency but also minimize the carbon footprint of these machines.
- Railroad Transportation: The company is stepping into the railroad sector by offering fuel solutions that seek to lower emissions associated with rail transport, aiming to align with broader sustainability goals.
2. Energy Segment
- Opal Fuels serves various industrial applications by supplying fuel solutions for generators, boilers, and furnaces.
- Industrial Applications: Focused on providing clean and efficient energy to manufacturing facilities, warehouses, and other large-scale operations that require consistent and reliable power supplies. Their offerings help industries transition away from traditional fossil fuels and move toward cleaner alternatives.
Products
1. Compressed Natural Gas (CNG): A prominent product in Opal Fuels’ portfolio, CNG is considered a clean and efficient fuel alternative to conventional fuels like gasoline and diesel. It is gaining popularity for use in fleets, public transportation (buses), and taxis due to its lower emissions and cost-effectiveness.
2. Liquefied Natural Gas (LNG): In liquid form, LNG is optimized for long-distance transport, particularly beneficial for heavy-duty trucking and marine sectors. Its higher energy density allows for transporting significant amounts of energy in a condensed volume, making it particularly suitable for applications where space is a premium.
3. Renewable Natural Gas (RNG): Produced from organic waste or agricultural byproducts, RNG represents a carbon-neutral alternative. The company focuses on tapping into the growing market of waste-to-energy, where methane is captured and processed to provide a renewable energy source, benefiting both the environment and the economy.
4. Diesel Fuel: While Opal Fuels is primarily associated with natural gas solutions, they also provide diesel fuel for customers who require it, particularly in applications where alternative fuels may not be feasible.
Services
1. Fueling Infrastructure Solutions: Opal Fuels designs and constructs fueling stations for CNG and LNG, ensuring that clients have the necessary infrastructure to support their fuel needs. This often includes ongoing maintenance and compliance support to meet regulatory standards.
2. Fuel Supply Management: Recognizing the logistical challenges of fuel supply, Opal Fuels manages transportation and storage logistics to deliver natural gas reliably and securely. This service enhances customer confidence in their fuel supply chains.
3. Fleet Management Services: Opal Fuels provides solutions that aim to optimize fleet operations. This service includes consulting, analytics, and tools designed to enhance routes, reduce costs, and increase the overall efficiency of fleet management through alternative fuel solutions.
4. Training and Education Services: Understanding that transition to alternative fuels involves more than just new products, Opal Fuels offers comprehensive training programs to educate customers on the safe use of natural gas, benefits of alternative fuels, and compliance with industry regulations. This proactive approach addresses common concerns and encourages wider adoption.
Conclusion
Opal Fuels Inc. stands at the forefront of the clean fuel industry, smartly catering to the diverse needs of transportation and energy markets. With its dedication to sustainability, comprehensive product offerings, and customer-centric services, Opal Fuels not only meets current demands but also anticipates future shifts towards environmental responsibility. Its commitment to innovation and excellence solidifies its position as a leader in environmentally friendly fuel solutions.