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CIK 1842279 · Renewables, RNG & Sustainability Infrastructure
N/A
Market data as of N/A
Financials: LTM / latest available company filings
Sources: FMP, OPAL filings, SEC EDGAR
$66
Market cap ($MM)
$407
Enterprise value ($MM)
$349
Revenue · LTM ($MM)
$31
EBITDA · LTM ($MM)
9%
EBITDA margin
1.2x
EV / revenue
13.2x
EV / EBITDA
10.5x
Net debt / EBITDA
Coverage
The analytical read on the name and the balance-sheet capacity behind the program.
Key points
Balance sheet & capacity
Indicative capacity read: 10.5x net debt / EBITDA with EBITDA of $30.8MM.
$133
Cash & equiv. ($MM)
$457
Total debt ($MM)
$323
Net debt ($MM)
10.5x
Net debt / EBITDA
Valuation
OPAL versus the scaled public Renewables, RNG & Sustainability Infrastructure comparables.
Indexed share-price performance
OPAL versus available Renewables, RNG & Sustainability Infrastructure peers and SPY.
-78%
OPAL
N/A
Peer med.
+79%
SPY
Indexed to 100 from May 28, 2021 through May 26, 2026. Source: FMP month-end close history.
| Company | Ticker | Revenue ($MM) | EBITDA ($MM) | Margin | Market cap ($MM) | EV ($MM) | EV / rev | EV / EBITDA | Net debt / EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| Opal Fuels Inc. | OPAL | $349 | $31 | 9% | $66 | $407 | 1.2x | 13.2x | 10.5x |
Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.
M&A program
OPAL's disclosed acquisition footprint and the deals behind it.
Disclosed acquisitions
4
Active years
2
Named deals
1
Avg / active year
2.0
Acq. cash outflow ($MM)
N/A
Banker read
Annual acquisition count
OPAL cadence shown by annual acquisition count because verified spend is N/A.
Program diagnostics
Recent / prior
1 / 0
Last three years sets the visible baseline vs prior three.
Peak count year
FY21
1 disclosed acquisitions in the peak visible year.
Spend check
N/A
Disclosed spend is not clean enough for the chart.
Named evidence
1 rows
25% selected source-cited transaction coverage.
Selected transactions
| Date | Target | Segment | Consideration ($MM) | Strategic rationale | Source |
|---|---|---|---|---|---|
| Dec 2, 2021 | OPAL Fuels LLC | Renewables, RNG, circularity, and sustainability infrastructure | $1,502 | On December 2, 2021, we entered into a Business Combination Agreement (as it may be amended, supplemented or otherwise modified from time to time, the “Business Combination Agre... | 10-K† |
Acquisitions disclosed/extracted from SEC filings; not necessarily full M&A history. Disclosed acquisition cash outflow is cumulative "payments for acquisitions, net of cash acquired" from the 10-K cash-flow statements (a cash outflow, not deal value). Built on 2 SEC-backed facts across 1 cited filings.
Evidence
A collapsed investigation trail for the SEC filings behind the financials, annual M&A cadence, named transactions, and management language.
Annual 10-Ks
5
Named deal filings
1
Recent SEC filings
0
Evidence clips
1
| Fiscal year | Filing date | Form | Status | Count | Cash spend | Purchase consideration | Source |
|---|---|---|---|---|---|---|---|
| FY2025 | Mar 16, 2026 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2024 | Mar 17, 2025 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2023 | Mar 15, 2024 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2022 | Mar 29, 2023 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2021 | Mar 9, 2022 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| Filing date | Form | Targets / topics | Support | Source |
|---|---|---|---|---|
| Mar 9, 2022 | 10-K | OPAL Fuels LLC | Annual M&ANamed deals | SEC filing |
Business Combination with OPAL Fuels
10-K - Mar 9, 2022
On December 2, 2021, we entered into a Business Combination Agreement (as it may be amended, supplemented or otherwise modified from time to time, the “Business Combination Agreement”), by and amon...
Annual M&A counts and disclosed spend are extracted from SEC acquisition disclosures and cash-flow statements; named-deal rows carry direct filing links where the filing identifies the target or consideration.