In 2025, OPAL Fuels Inc. reported significant revenue growth driven primarily by a 29% increase in Fuel Station Services and a 15% rise in renewable natural gas (RNG) fuel segment volumes. However, this growth was counterbalanced by a 27% decline in renewable power revenues, reflecting contract terminations and strategic repositioning. The company maintained compliance with financial covenants amid an evolving capital structure including credit facility amendments and preferred equity redemptions. Operational challenges, including an ongoing arbitration related to EPC contracts, inject execution risks. Future growth hinges on project pipeline development, environmental credit pricing, and fleet adoption of RNG fuel.