Scotiabank Lowers FY2027 Earnings Estimate for OPAL Fuels

Investment analysts cite lower projections for the renewable natural gas company's future performance.

Mar. 25, 2026 at 5:42am

Got story updates? Submit your updates here. ›

Investment analysts at Scotiabank have lowered their FY2027 earnings per share (EPS) estimates for OPAL Fuels Inc. (NASDAQ:OPAL), a publicly traded company specializing in the production and distribution of renewable natural gas (RNG) for heavy-duty transportation. Scotiabank analyst P. Cheng now expects OPAL Fuels to post earnings of $0.19 per share for the year, down from their previous estimate of $0.21.

Why it matters

OPAL Fuels is a key player in the growing RNG market, providing a low-carbon alternative fuel for fleets of trucks, transit buses, and logistics providers. Scotiabank's revised earnings projections could signal challenges or headwinds the company may face in the coming years as it seeks to expand its RNG production and distribution network.

The details

In a note issued to investors on March 19th, Scotiabank lowered its FY2027 EPS estimate for OPAL Fuels from $0.21 to $0.19 per share. The consensus estimate for OPAL Fuels' current full-year earnings is $0.80 per share. In the company's most recent earnings report on March 16th, OPAL Fuels posted Q1 EPS of $0.08, missing analysts' consensus estimates of $0.38 by $0.30. The company reported revenue of $99.76 million for the quarter, compared to the $98.75 million estimate.

  • Scotiabank issued the revised FY2027 earnings estimate on March 19, 2026.
  • OPAL Fuels reported its Q1 earnings on March 16, 2026.

The players

OPAL Fuels Inc.

A publicly traded company headquartered in San Diego, California, specializing in the production, distribution and dispensing of renewable natural gas (RNG) for heavy-duty transportation.

Scotiabank

An investment bank and financial services company that provides research and analysis on various industries and companies, including OPAL Fuels.

P. Cheng

A Scotiabank analyst who issued the revised FY2027 earnings estimate for OPAL Fuels.

Got photos? Submit your photos here. ›

What they’re saying

“Scotiabank analyst P. Cheng now expects that the company will post earnings of $0.19 per share for the year, down from their previous estimate of $0.21.”

— P. Cheng, Scotiabank Analyst

The takeaway

Scotiabank's revised earnings projections for OPAL Fuels could indicate potential challenges or headwinds the company may face in the coming years as it seeks to expand its renewable natural gas production and distribution network, which is a critical component of the growing low-carbon transportation fuel market.