OPAL Fuels Inc. (OPAL)

OPAL Fuels Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	18.7	14.75	11.03	29.95	11.32	41.57
Depreciation & Amortization	22.82	23.24	18.56	15.21	13.91	10.65
Other Amortization	1.94	1.94	1.09	1.72	1.94	1.09
Loss (Gain) From Sale of Assets	-3.65	-3.65	-0.32	-122.87	-	-15.03
Asset Writedown & Restructuring Costs	4.14	-	2.02	-	-	-
Loss (Gain) on Equity Investments	4.67	3.02	1.1	6.72	-5.78	-2.27
Stock-Based Compensation	6.66	6.5	6.45	5.9	1.47	0.64
Provision & Write-off of Bad Debts	0.59	2.48	0.09	0.52	0.5	-
Other Operating Activities	-28.34	2.64	2.2	93.66	-10.44	-18.63
Change in Accounts Receivable	14.4	-19.82	-0.3	-0.35	-19.9	-5.9
Change in Inventory	0.42	-0.67	-0.1	-2.88	-2.17	-0.9
Change in Accounts Payable	-6.58	1.89	3.43	7.91	11.32	1.15
Change in Unearned Revenue	-	-	-	-1.7	-1.77	5.11
Change in Other Net Operating Assets	2.61	4.17	-13.86	4.48	-1.76	1.38
Operating Cash Flow	38.37	36.5	31.39	38.27	-1.36	18.86
Operating Cash Flow Growth	-1.46%	16.29%	-17.99%	-	-	724.49%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-90.01	-70.74	-127.24	-113.83	-131.41	-89.65
Sale of Property, Plant & Equipment	3.7	3	0.83	-	-	-
Divestitures	-	-	-	-11.95	-	-21.21
Investment in Securities	-12.72	-10.96	-7.39	51.63	-63.47	0.41
Other Investing Activities	-0.72	1.38	-0.75	-	10.86	-6.76
Investing Cash Flow	-99.75	-77.32	-134.55	-74.15	-184.03	-117.2

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	70	100	196.92	44.59	90.68
Long-Term Debt Repaid	-	-18.17	-1.62	-160.56	-77.72	-20.28
Net Debt Issued (Repaid)	106.56	51.83	98.38	36.36	-33.12	70.4
Issuance of Common Stock	-	-	0.17	0.37	-	7.53
Repurchase of Common Stock	-1.43	-0.39	-0.63	-17.29	-	-
Preferred Dividends Paid	-12.52	-10.47	-13.09	-	-	-
Common Dividends Paid	-	-	-	-	-	-3.7
Dividends Paid	-12.52	-10.47	-13.09	-	-	-3.7
Other Financing Activities	32.11	0.59	-1.33	-13.54	153.67	50.78
Financing Cash Flow	124.72	41.56	83.5	5.9	220.55	125.01

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	63.34	0.74	-19.66	-29.98	35.17	26.67

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	-51.64	-34.24	-95.85	-75.56	-132.77	-70.79
Free Cash Flow Growth	-	-	-	-	-	-
Free Cash Flow Margin	-15.19%	-9.81%	-31.95%	-29.50%	-56.37%	-42.61%
Free Cash Flow Per Share	-0.10	-1.17	-3.46	-2.75	-5.09	-
Levered Free Cash Flow	-66.77	-59.55	-104.03	-72.6	-150.61	-68.53
Unlevered Free Cash Flow	-50.13	-44.29	-91.67	-66.67	-147.62	-65.27

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	29.19	27.8	22.91	6.93	7.01	4.34
Change in Working Capital	10.85	-14.43	-10.83	7.46	-14.28	0.83

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 10, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 16, 2026

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