CLNE

Let’s dig into the relative performance of Clean Energy Fuels (NASDAQ:CLNE) and its peers as we unravel the now-completed Q1 mixed or offshore upstream e&p earnings season. This category includes smaller or niche E&P companies operating in specialized basins, geographies, or resource types outside major classifications. These firms may target unconventional resources, frontier regions, or specific commodity niches. Tailwinds include potential for outsized returns from successful exploration, acquisition opportunities during industry downturns, and specialized expertise commanding premium valuations. Headwinds include higher operational and geological risks, limited scale reducing negotiating power and cost efficiencies, and constrained capital market access during challenging commodity environments. Regulatory risks and ESG concerns may disproportionately affect smaller operators with fewer resources for compliance. The 21 mixed or offshore upstream e&p stocks we track reported a satisfactory Q1. As a group, revenues missed analysts’ consensus estimates by 5%. While some mixed or offshore upstream e&p stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 4.3% since the latest earnings results. Operating the largest network of natural gas fueling stations in North America with over 600 locations, Clean Energy Fuels (NASDAQ:CLNE) supplies renewable natural gas and conventional natural gas as fuel for commercial vehicle fleets. Clean Energy Fuels reported revenues of $117.6 million, up 13.3% year on year. This print exceeded analysts’ expectations by 18.5%. Overall, it was an incredible quarter for the company with a beat of analysts’ EPS and EBITDA estimates. Clean Energy Fuels achieved the biggest analyst estimates beat of the whole group. Investor expectations, however, were likely higher than Wall Street’s published projections, leaving some wishing for even better results (analysts’ consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 11.7% since reporting and currently trades at $2.04. Is now the time to buy Clean Energy Fuels? Access our full analysis of the earnings results here, it’s free. Operating in water depths reaching 12,000 feet below the surface, Seadrill (NYSE:SDRL) owns and operates drillships a...

Clean Energy Fuels delivered first quarter results that exceeded Wall Street’s revenue and non-GAAP profit expectations, but the market responded negatively as investors focused on underlying operational uncertainties. Management pointed to robust renewable natural gas (RNG) volumes, aided by higher demand from both core transit and refuse segments and customers outside its network. CEO Clay Corbus acknowledged that “adoption of the X15N [engine] has been slower than we originally expected” due to economic and regulatory headwinds, and the company faced production challenges related to extreme winter weather, particularly in the Upper Midwest. Is now the time to buy CLNE? Find out in our full research report (it’s free). Revenue: $117.6 million vs analyst estimates of $99.2 million (13.3% year-on-year growth, 18.5% beat) Adjusted EPS: -$0.01 vs analyst estimates of -$0.03 ($0.02 beat) Adjusted EBITDA: $16.57 million vs analyst estimates of $13.5 million (14.1% margin, 22.7% beat) Operating Margin: -2.5%, up from -122% in the same quarter last year Market Capitalization: $451.5 million While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Eric Stine (Craig Hallum) asked whether high diesel prices would accelerate RNG truck adoption or only benefit larger fleets. CEO Clay Corbus explained that adoption decisions remain gradual, with fleets “starting out with five trucks, start out with 10 trucks,” and expanding as experience grows, regardless of fleet size. Eric Stine (Craig Hallum) followed up on lower base fuel margins and whether this was a short-term or ongoing trend. CFO Robert Vreeland clarified that margin pressures are expected throughout the year, but that the company can offset this with stable commodity costs and higher pricing. Rob Brown (Lake Street Capital Markets) inquired about the sustainability of higher RNG volumes from third parties and whether Q1 strength was repeatable. Corbus cautioned that some of the growth reflected an “easy comp” versus last year and unique Q1 opportunities, signaling that volumes may moderate. Rob Brown (Lake Street Capital Markets) also asked about the impact of the recent CARB...

A week ago, Clean Energy Fuels Corp. (NASDAQ:CLNE) came out with a strong set of first-quarter numbers that could potentially lead to a re-rate of the stock. Revenue crushed expectations at US$118m, beating expectations by 22%. Clean Energy Fuels reported a statutory loss of US$0.06 per share, which - although not amazing - was much smaller than the analysts predicted. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Following last week's earnings report, Clean Energy Fuels' four analysts are forecasting 2026 revenues to be US$434.5m, approximately in line with the last 12 months. Losses are predicted to fall substantially, shrinking 30% to US$0.32. Before this earnings announcement, the analysts had been modelling revenues of US$409.8m and losses of US$0.32 per share in 2026. View our latest analysis for Clean Energy Fuels The analysts trimmed their valuations, with the average price target falling 18% to US$3.84, with the ongoing losses clearly weighing on sentiment despite the upgraded revenue estimates. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Clean Energy Fuels analyst has a price target of US$6.00 per share, while the most pessimistic values it at US$2.50. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business. Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 1.3% by the end of 2026. This indicates a significant reduction from annual growth of 9.6% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in t...

Image source: The Motley Fool. Thursday, May 7, 2026 at 4:30 p.m. ET President and Chief Executive Officer — Clay Corbus Chief Financial Officer — Robert Vreeland Moderator — Tom Driscoll Tom Driscoll: Thank you, Dana. Earlier this afternoon, Clean Energy Fuels Corp. released financial results for the first quarter ending 03/31/2026. If you did not receive the release, it is available on the Investor Relations section of the company's website, where the call is also being webcast. There will be a replay available on the website for 30 days. Before we begin, we would like to remind you that some of the information contained in the news release and on this conference call contains forward-looking statements that involve risks, uncertainties, and assumptions that are difficult to predict. Such forward-looking statements are not a guarantee of performance and the company's actual results could differ materially from those contained in such statements. Several factors that could cause or contribute to such differences are described in detail in the Risk Factors section of Clean Energy Fuels Corp.'s Form 10-Q filed today. These forward-looking statements speak only as of the date of this release. The company undertakes no obligation to publicly update any forward-looking statements or supply new information regarding the circumstances after the date of this release. The company's non-GAAP EPS and Adjusted EBITDA will be reviewed on this call and exclude certain expenses that the company's management does not believe are indicative of the company's core business operating results. Non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP and should not be considered as a substitute for or superior to GAAP results. The directly comparable GAAP information, reasons why management uses non-GAAP information, a definition of non-GAAP EPS and Adjusted EBITDA, and a reconciliation between these non-GAAP and GAAP figures is provided in the company's press release, which has been furnished to the SEC on Form 8-K today. With that, I will turn the call over to our President and Chief Executive Officer, Clay Corbus. Clay Corbus: Alright. Thank you, Tom. I want to start by saying that I am honored to be named CEO of Clean Energy Fuels Corp. I have been part of this company for 19 years and have been involved in every major chapter...

NEWPORT BEACH, Calif., May 07, 2026--(BUSINESS WIRE)--Clean Energy Fuels Corp. (NASDAQ: CLNE) ("Clean Energy" or the "Company") today announced its operating results for the first quarter of 2026. Financial Highlights Revenue of $117.6 million in Q1 2026 compared to $103.8 million in Q1 2025. Net loss attributable to Clean Energy for Q1 2026 was $(12.4) million, or $(0.06) per share, on a GAAP (as defined below) basis, compared to $(135.0) million, or $(0.60) per share, for Q1 2025. Adjusted EBITDA (as defined below) was $16.6 million for Q1 2026, compared to $17.1 million for Q1 2025. Cash, Cash Equivalents (less restricted cash) and Short-Term Investments totaled $126.2 million as of March 31, 2026, compared to $156.1 million as of December 31, 2025. Operational and Strategic Highlights Announced effective in April the appointment of Clay Corbus as the new President and Chief Executive Officer of the Company. The East Valley dairy renewable natural gas (RNG) project which is a project within our joint venture with bp, located in Idaho was successfully placed into service in the first quarter of 2026. The project is expected to produce approximately 3.5 million gallons of RNG annually. During the first quarter of 2026, we announced a series of agreements with trucking, refuse and transit fleets nationwide. The agreements span RNG fueling infrastructure and RNG supply, and include operations and maintenance arrangements for station sites, reflecting continued fleet adoption of RNG across multiple sectors and customer interest in near-term, scalable decarbonization solutions. RNG gallons sold of 67.4 million gallons in Q1 2026, a 33.2% increase compared to Q1 2025. Commentary by Clay Corbus, President and Chief Executive Officer "It was great to see our RNG volumes continue at a steady pace and rebound from last year. There is always extreme winter weather that can impact RNG production at dairies, and this year was no different - particularly in the upper Midwest - but we see a lot of progress being made with refinements to operating procedures to continually improve dairy RNG production. We’ve seen it with our dairies and see great efforts across the industry to keep the RNG volumes up and flowing. We are doing our part, with our most recent projects such as the East Valley project, in Idaho, and the South Fork project, in Texas, ramping up production. Addi...

NEWPORT BEACH, Calif. (AP) — NEWPORT BEACH, Calif. (AP) — Clean Energy Fuels Corp. (CLNE) on Thursday reported a loss of $12.4 million in its first quarter. On a per-share basis, the Newport Beach, California-based company said it had a loss of 6 cents. Losses, adjusted for non-recurring costs and stock option expense, were 1 cent per share. The provider of natural gas as an alternative fuel for vehicle fleets posted revenue of $117.6 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLNE at https://www.zacks.com/ap/CLNE

Interested in Clean Energy Fuels Corp.? Here are five stocks we like better. Clean Energy reported Q1 results broadly in line with expectations, delivering 67 million gallons of RNG, revenue of $117.6 million, Adjusted EBITDA of $16.6 million and a GAAP net loss narrowed to $12 million, while finishing the quarter with $126 million in cash (plus $46 million at JV dairy projects) and reiterating confidence in delivering >250 million gallons for the year. New CEO Clay Corbus is prioritizing growth, execution and a more technology-forward approach, arguing a recent sharp diesel price spike underscored RNG’s cost and emissions advantages, but he noted heavy‑duty trucking adoption (e.g., Cummins X15N) has been slower than expected due to higher upfront costs, regulatory uncertainty and long sales cycles. Upstream progress includes eight RNG projects operating and three under construction, and a regulatory win with CARB approving the Del Rio dairy pathway at roughly -300 carbon intensity, which roughly doubles LCFS credit generation and materially improves project economics as the company awaits an updated GREET model. Clean Energy Fuels Stock is Waking Up Clean Energy Fuels (NASDAQ:CLNE) reported first-quarter 2026 results that executives said were in line with expectations, while highlighting continued strength in renewable natural gas (RNG) volumes and the impact of commodity price volatility on fleet economics. During the company’s earnings call, newly appointed President and CEO Clay Corbus said he plans to focus on growth, execution, and operating discipline, while also pushing the company to be “more technology forward” through data and software to improve efficiency across operations and customer service. Corbus noted he has spent 19 years at the company and has been involved in major strategic shifts including early investments in RNG and the development of an integrated platform. → Berkshire Hathaway’s Record Cash Hoard: Why and What's Next? Corbus said Clean Energy delivered 67 million gallons of RNG in the quarter, generated $16.6 million of Adjusted EBITDA, and ended the period with $126 million of cash on the balance sheet. He described downstream performance across core markets as steady, with transit and refuse continuing to be consistent contributors supported by long-standing customer relationships. CFO Bob Vreeland said revenue rose to $117.6 mi...

NEWPORT BEACH, Calif., April 14, 2026--(BUSINESS WIRE)--Clean Energy Fuels Corp. (Nasdaq: CLNE) announced today it will release financial results for the first quarter of 2026 on May 7, 2026 after market close, followed by an investor conference call at 4:30 p.m. Eastern time (1:30 p.m. Pacific time). President and Chief Executive Officer of Clean Energy Andrew J. Littlefair and Chief Financial Officer Robert M. Vreeland will host the call. Investors interested in participating in the live call can dial 1.800.343.4849 from the U.S. (Conference ID: CLEAN) and international callers can dial 1.203.518.9848. (Conference ID: CLEAN). A telephone replay will be available approximately three hours after the call concludes through June 7, 2026 by dialing 1.844.512.2921 from the U.S., or 1.412.317.6671 from international locations, and entering Replay Pin Number 11161549. There also will be a simultaneous, live webcast available on the Investor Relations section of the Company's web site at www.cleanenergyfuels.com, which will be available for replay for 30 days. About Clean Energy Fuels Corp. Clean Energy Fuels Corp. is the country’s largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (RNG), a sustainable fuel derived by capturing methane from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada as well as RNG production facilities at dairy farms. Visit www.cleanenergyfuels.com and follow @ce_renewables on X. Source: Clean Energy Fuels Corp. View source version on businesswire.com: https://www.businesswire.com/news/home/20260414542568/en/ Contacts Clean Energy investor contact: Thomas Driscoll 1-949-437-1191 [email protected]

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Clean Energy Fuels (NASDAQ:CLNE) and the rest of the mixed or offshore upstream e&p stocks fared in Q4. This category includes smaller or niche E&P companies operating in specialized basins, geographies, or resource types outside major classifications. These firms may target unconventional resources, frontier regions, or specific commodity niches. Tailwinds include potential for outsized returns from successful exploration, acquisition opportunities during industry downturns, and specialized expertise commanding premium valuations. Headwinds include higher operational and geological risks, limited scale reducing negotiating power and cost efficiencies, and constrained capital market access during challenging commodity environments. Regulatory risks and ESG concerns may disproportionately affect smaller operators with fewer resources for compliance. The 21 mixed or offshore upstream e&p stocks we track reported a mixed Q4. As a group, revenues were in line with analysts’ consensus estimates. Luckily, mixed or offshore upstream e&p stocks have performed well with share prices up 11.5% on average since the latest earnings results. Operating the largest network of natural gas fueling stations in North America with over 600 locations, Clean Energy Fuels (NASDAQ:CLNE) supplies renewable natural gas and conventional natural gas as fuel for commercial vehicle fleets. Clean Energy Fuels reported revenues of $112.3 million, up 2.7% year on year. This print exceeded analysts’ expectations by 14.3%. Overall, it was an exceptional quarter for the company with a beat of analysts’ EPS and EBITDA estimates. The stock is down 1.2% since reporting and currently trades at $2.51. Is now the time to buy Clean Energy Fuels? Access our full analysis of the earnings results here, it’s free. Operating one of the largest dairy-based renewable natural gas facilities in the United States, Gevo (NASDAQ:GEVO) produces sustainable aviation fuel and other renewable hydrocarbon fuels from plant-based feedstocks like corn. Gevo reported revenues of $45.35 million, up 696% year on year, outperforming analysts’ expectations by 0.7%. The business had a stunning quarter with a beat of analysts’ EPS and EBITDA estimates. Gevo del...

Exceeded 2025 guidance driven by resilient fueling operations and the successful activation of the South Fork Dairy project, the largest fully consolidated RNG facility in the portfolio. Achieved a significant upstream milestone by beginning gas injection at the East Valley Dairy project in Idaho, a joint venture with BP processing manure from 37,000 cows. Attributed slower-than-anticipated adoption of the Cummins X15N engine in 2025 to challenging freight market dynamics that forced fleets to delay all types of truck purchases. Strengthened the balance sheet by repaying $65 million in debt, reducing future interest expense while maintaining liquidity for ongoing growth initiatives. Reported a constructive shift in California's LCFS market following program changes that resulted in the first net deficit since 2021, signaling improved credit fundamentals. Maintained high customer retention through major contract renewals with entities like WM and various municipalities, reinforcing the recurring revenue model of the downstream business. Projecting 2026 adjusted EBITDA of $70 million to $75 million, assuming moderate volume growth and gradual adoption of heavy-duty trucks utilizing the X15N engine. Anticipating significant financial improvement in the RNG upstream business, with expectations for the segment to achieve positive adjusted EBITDA for the full year. Guidance assumes a 10% reduction in SG&A expenses, or over $10 million, through optimized operations and lower one-off costs compared to 2025. Expects to produce 7 million to 9 million gallons of RNG from eight operating dairies, with all produced gas flowing through the company's existing distribution infrastructure. Assumes a cautious but constructive view on the natural gas-to-oil price spread, maintaining a two-year payback period for fleet customers through aggressive fuel pricing. The 2025 GAAP loss included non-cash interest charges related to the debt paydown and the expiration of a delayed draw loan facility. Management noted that 2025 results lacked the alternative fuel tax credit revenue present in 2024, making the year-over-year EBITDA growth more significant on an underlying basis. Identified potential volatility in 45Z credit values pending the release of the updated GREET model, though management remains optimistic about the recognition of dairy RNG's negative carbon intensity. Flagged th...

NEWPORT BEACH, Calif., February 24, 2026--(BUSINESS WIRE)--Clean Energy Fuels Corp. (NASDAQ: CLNE) ("Clean Energy" or the "Company") today announced its operating results for the fourth quarter of 2025 and year ended December 31, 2025. Financial Highlights Revenue of $112.3 million in Q4 2025 compared to $109.3 million in Q4 2024. Revenue of $424.8 million for the year 2025, compared to $415.9 million for 2024. Net loss attributable to Clean Energy for Q4 2025 was $(43.0) million, or $(0.20) per share, on a GAAP (as defined below) basis, compared to $(30.2) million, or $(0.13) per share, for Q4 2024. Net loss attributable to Clean Energy for the year 2025 was $(222.0) million, or $(1.01) per share, on a GAAP basis, compared to $(83.1) million, or $(0.37) per share, for 2024. Adjusted EBITDA (as defined below) was $15.7 million for Q4 2025, compared to $23.6 million for Q4 2024. Adjusted EBITDA was $67.6 million for the year 2025, compared to $76.6 million for 2024. Cash, Cash Equivalents (less restricted cash) and Short-Term Investments totaled $156.1 million as of December 31, 2025. Operational and Strategic Highlights The Company successfully completed its RNG facility located at South Fork Dairy in Dimmitt, Texas in the fourth quarter of 2025. The facility is one of the largest RNG production plants in the U.S. South Fork’s herd comprises 16,000 dairy cows and has the capability to produce approximately 2.6 million gallons of low-carbon RNG annually. Expanded adoption of RNG, through new agreements, across multiple fleet segments including transit, freight and municipal customers, reflecting continued customer interest in near‑term, scalable decarbonization solutions. Launched second heavy-duty truck demo program, featuring the 2026 Freightliner Cascadia Gen 5 day cab equipped with the Cummins X15N natural gas engine. Partially paid down long-term debt by $65 million with available cash and investments on hand. Renewable natural gas ("RNG") gallons sold totaled 64.1 million gallons during the fourth quarter of 2025, representing a 3.4% increase compared to the fourth quarter of 2024. RNG gallons sold for the full year 2025 were 237.4 million gallons, increased 0.7 million gallon compared to 236.7 million gallons sold in 2024. Commentary by Andrew J. Littlefair, President and Chief Executive Officer "Considering the rather volatile market, especially in th...