OPAL Fuels (OPAL) Revenue & Revenue Breakdown
OPAL Fuels Revenue Highlights
Latest Revenue (Y)
$253.51M
Latest Revenue (Q)
$70.95M
Main Segment (Y)
Environmental Credits
Main Geography (Y)
Non-US
OPAL Fuels Revenue by Period
OPAL Fuels Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $253.51M | 7.63% |
| 2022-12-31 | $235.53M | 41.78% |
| 2021-12-31 | $166.12M | 41.13% |
| 2020-12-31 | $117.71M | -1.67% |
| 2019-12-31 | $119.70M | - |
OPAL Fuels generated $253.51M in revenue during NA 2023, up 7.63% compared to the previous quarter, and up 0.00% compared to the same period a year ago.
OPAL Fuels Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $70.95M | 9.37% |
| 2024-03-31 | $64.87M | -25.02% |
| 2023-12-31 | $86.51M | 21.67% |
| 2023-09-30 | $71.10M | 29.18% |
| 2023-06-30 | $55.04M | 28.13% |
| 2023-03-31 | $42.96M | -35.61% |
| 2022-12-31 | $66.72M | 0.25% |
| 2022-09-30 | $66.55M | 25.05% |
| 2022-06-30 | $53.22M | 8.50% |
| 2022-03-31 | $49.05M | -19.80% |
| 2021-12-31 | $61.16M | 29.61% |
| 2021-09-30 | $47.18M | 40.59% |
| 2021-06-30 | $33.56M | 38.55% |
| 2021-03-31 | $24.22M | -28.30% |
| 2020-12-31 | $33.78M | - |
OPAL Fuels generated $70.95M in revenue during Q2 2024, up 9.37% compared to the previous quarter, and up 165.16% compared to the same period a year ago.
OPAL Fuels Revenue Breakdown
OPAL Fuels Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 |
|---|---|---|
| Environmental Credits | $126.57M | $86.90M |
| Service | $16.71M | $16.45M |
| Product and Service, Other | $632.00K | $328.00K |
| Parts | $4.68M | $4.39M |
OPAL Fuels's latest annual revenue breakdown by segment (product or service), as of Dec 23: Environmental Credits (85.18%), Service (11.25%), Parts (3.15%), and Product and Service, Other (0.43%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 |
|---|---|---|---|---|
| Parts | $397.00K | $2.90M | $629.00K | $1.15M |
| Product and Service, Other | $341.00K | - | - | - |
| Service | $5.33M | $12.71M | $4.00M | - |
| Environmental Credits | $35.68M | $108.88M | $17.69M | - |
| Electricity Sales | - | - | $8.93M | - |
| Other Products And Services | - | - | - | - |
OPAL Fuels's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Environmental Credits (85.45%), Service (12.78%), Parts (0.95%), and Product and Service, Other (0.82%).
OPAL Fuels Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 |
|---|---|
| Non-US | $16.32M |
OPAL Fuels's latest annual revenue breakdown by geography, as of Dec 23: Non-US (100.00%).
Quarterly Revenue by Country
| Country | Mar 24 |
|---|---|
| Non-US | $3.62M |
OPAL Fuels's latest quarterly revenue breakdown by geography, as of Mar 24: Non-US (100.00%).
OPAL Fuels Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| UGI | UGI | $8.93B | $2.47B |
| NI | NiSource | $5.51B | $1.08B |
| ATO | Atmos Energy | $4.28B | $701.55M |
| SR | Spire | $2.67B | $414.10M |
| OGS | ONE Gas | $2.37B | $354.14M |
| NJR | New Jersey Resources | $1.96B | $275.64M |
| NWN | Northwest Natural Company | $1.20B | $211.71M |
| CPK | Chesapeake Utilities | $670.60M | $166.10M |
| OPAL | OPAL Fuels | $253.51M | $70.95M |
| RGCO | RGC Resources | $97.44M | $14.46M |
OPAL Revenue FAQ
What is OPAL Fuels’s yearly revenue?
OPAL Fuels's yearly revenue for 2023 was $253.51M, representing an increase of 7.63% compared to 2022. The company's yearly revenue for 2022 was $235.53M, representing an increase of 41.78% compared to 2021. OPAL's yearly revenue for 2021 was $166.12M, representing an increase of 41.13% compared to 2020.
What is OPAL Fuels’s quarterly revenue?
OPAL Fuels's quarterly revenue for Q2 2024 was $70.95M, a 9.37% increase from the previous quarter (Q1 2024), and a 28.90% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $64.87M, a -25.02% decrease from the previous quarter (Q4 2023), and a 51.01% increase year-over-year (Q1 2023). OPAL's quarterly revenue for Q4 2023 was $86.51M, a 21.67% increase from the previous quarter (Q3 2023), and a 29.67% increase year-over-year (Q4 2022).
What is OPAL Fuels’s revenue growth rate?
OPAL Fuels's revenue growth rate for the last 3 years (2021-2023) was 52.60%, and for the last 5 years (2019-2023) was 111.78%.
What are OPAL Fuels’s revenue streams?
OPAL Fuels's revenue streams in c 23 are Environmental Credits, Service, Product and Service, Other, and Parts. Environmental Credits generated $126.57M in revenue, accounting 85.18% of the company's total revenue, up 45.65% year-over-year. Service generated $16.71M in revenue, accounting 11.25% of the company's total revenue, up 1.59% year-over-year. Product and Service, Other generated $632K in revenue, accounting 0.43% of the company's total revenue, up 92.68% year-over-year. Parts generated $4.68M in revenue, accounting 3.15% of the company's total revenue, up 6.58% year-over-year.
What is OPAL Fuels’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of OPAL Fuels was Environmental Credits. This segment made a revenue of $126.57M, representing 85.18% of the company's total revenue.