Clean Energy Fuels Corp.

CLNE

$1.70

+5.28%

2026-09-02 13:43:52 EDT+$0.09

Energy

Oil & Gas Refining & Marketing

NASDAQ

Active Trading

Clean Energy Fuels Corp. specializes in providing natural gas as an alternative fuel source and comprehensive fueling infrastructure, primarily serving markets in ...

Price Action of CLNE

$1.70

+5.28%+$0.09

High—

Low—

52W High-45.5%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

Clean Energy Fuels Corp. (CLNE), headquartered in Newport Beach, California, is a leading provider of natural gas and renewable natural gas (RNG) for the transportation sector, primarily in the United States and Canada. Founded in 2001 (originally from Pickens Fuel Corp. with roots in 1996), the company focuses on decarbonizing ...Clean Energy Fuels Corp. (CLNE), headquartered in Newport Beach, California, is a leading provider of natural gas and renewable natural gas (RNG) for the transportation sector, primarily in the United States and Canada. Founded in 2001 (originally from Pickens Fuel Corp. with roots in 1996), the company focuses on decarbonizing transportation by delivering cleaner fuel alternatives. Its core business involves supplying compressed natural gas (CNG), liquefied natural gas (LNG), and renewable natural gas (RNG) to medium and heavy-duty fleets, including trucking, transit, refuse, airports, and government vehicles. The company also offers comprehensive fueling station services: design, construction, operation, and maintenance, as well as selling and servicing equipment like compressors for RNG production. Additionally, Clean Energy participates in environmental credit markets, generating and selling federal and state credits such as RINs and LCFS credits from RNG usage, and it develops RNG production projects from dairy and livestock waste. As of late 2021, it served about 1,000 fleet customers, supporting 48,000 vehicles, with 548 stations in the U.S. and 25 in Canada. Currently, the company employs 503 people and operates over 600 stations. Its financials show a market cap around $347 million, with TTM revenue per share of $2.01 but a net loss per share of -$0.43, reflecting challenges in profitability. Key partnerships include investments from Total Energies and a mission to expand RNG infrastructure. The company's strategic initiatives include growing its RNG production network and leveraging government incentives to achieve long-term growth.ExpandCollapse

Founded

2001

Employees

503

CEO

Barclay F. Corbus

Full Name

Clean Energy Fuels Corp.

Sector

Energy

Industry

Oil & Gas Refining & Marketing

ROE

-16.68%

Market Cap

$0.37B

Current Ratio

2.48

WACC

21.82%

ROIC

-7.68%

Contact Information

https://www.cleanenergyfuels.com

949 437 1000

4675 MacArthur Court, Newport Beach, CA 92660

Key Metrics of CLNE

Snapshot

Latest / TTM · 6 periods

Market Cap

$373.28M

ROCE

-3.6%

EV / EBITDA

291.94x

+6.7% YoY

FCF Yield

6.4%

+0.9% YoY

Cash Conversion Cycle

106.7d

Current Ratio

2.48

Quick take

TTM —

Positive CCC

Financial Highlights of CLNE

Profitability trend

Latest / TTM · 6 periods

Gross Margin

19.1%

Net Margin

-21.3%

P/E Ratio

-3.71x

n/a

Debt / Equity

0.58

n/a

Current Ratio

2.48

Dividend Yield

0.0%

Understanding

TTM —

Interest coverage is weak

Calendar of CLNE

Upcoming

Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $-0.03 · Revenue $446.98M · 3 analysts
Sep 30, 2027
Q3 FY2027 · Estimated results
Est. EPS $0.00 · Revenue $117.32M · 1 analysts
Dec 30, 2027
Q4 FY2027 · Estimated results
Est. EPS $0.01 · Revenue $120.69M · 1 analysts
Dec 31, 2027
FY2027 · Estimated annual results
Est. EPS $-0.00 · Revenue $466.28M · 3 analysts

Recent history

Aug 6, 2026
Q2 FY2026 · Results reported
EPS $-0.07 · Revenue $106.36M
View filing
May 7, 2026
Q1 FY2026 · Results reported
EPS $-0.06 · Revenue $116.94M
View filing
Feb 24, 2026
FY2025 · Annual results
EPS $-1.01 · Revenue $426.50M
View filing
Nov 4, 2025
Q3 FY2025 · Results reported
EPS $-0.11 · Revenue $106.46M
View filing
Aug 7, 2025
Q2 FY2025 · Results reported
EPS $-0.09 · Revenue $103.16M
View filing
May 8, 2025
Q1 FY2025 · Results reported
EPS $-0.60 · Revenue $104.32M
View filing

Financial Statements of CLNE

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$426.5M	+2.6%	-9.0%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$-222.0M	-167.3%	-19.7%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+4.2%	-79.0%	+57.6%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	-22.0%	-151.8%	-60.6%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	-52.1%	-160.6%	-31.6%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$25.6M	+266.8%	+264.1%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+6.0%	+262.6%	+280.4%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	17.7%	-65.5%	+236.6%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	2.32x	-13.3%	+0.8%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$1.1B	-15.0%	-1.1%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	-1.01 vs -0.04	-2533.6%	-0.07 vs 0.00	-4705.3%
Revenue Surprise	$426.5M vs $425.6M	+0.2%	$106.4M vs $117.3M	-9.3%

Insider Transactions of CLNE

Acquisitions (A)

Since Jun 23, 2026

Disposals (D)

Since Jun 23, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 10, 2026	Corbus Barclay	director, officer: PRESIDENT AND CEO	Common Stock	A	25,000	$1.62
Jun 25, 2026	Scully Stephen	director	Common Stock	A	25,000	$1.75
Jun 23, 2026	Frabotta Bartolomeo A.	officer: Chief Operating Officer	Common Stock	A	50,000	—
Jun 23, 2026	Corbus Barclay	director, officer: PRESIDENT AND CEO	Common Stock	A	14,000	$1.77
Jun 23, 2026	Frabotta Bartolomeo A.	officer: Chief Operating Officer	Common Stock	—	0	—

Earnings Call Transcript of CLNE

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Thank you for your continued patience. Your meeting will be in shortly. Zero, and a member of our team will be happy to help you. Your meeting is about to begin. Hello, and welcome, everyone. Joining today's Clean Energy Fuels Second Quarter 2026 Earnings Conference Call. At this time, all participants are in a listen only mode. Later, you will have the opportunity to ask questions during the question and answer session. To register to ask a question at any time, please press Please note, this call is being recorded. We are standing by if you should need any assistance. It is now my pleasure to turn the meeting over to Tom Driscoll. Please go ahead. Thomas Driscoll: Thank you, operator. Earlier this afternoon, Clean Energy released financial results for the second quarter ended 06/30/2026. 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 contain 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'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 the 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, the 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, Andrew Corbus. Barclay F. Corbus: Thank you, Tom. Good afternoon, everyone. Today, we reported solid results for the second quarter. $106 million of revenue, $63 million of RNG sold and $16 million of adjusted EBITDA. These results were in line with our expectations and keep us on track for our annual financial outlook. Which we are maintaining. We kept our balance …

Leadership Team of CLNE

9 executives

Name	Title	Compensation	Gender	Year Born	Status
Andrew J. Littlefair	Co-Founder & Director	USD 1,750,678	Male	1961	Active
Barclay F. Corbus	President, CEO & Director	USD 971,686	Male	1967	Active
Robert Vreeland	Chief Financial Officer	USD 922,239	Male	1962	Active
Bartolomeo A. Frabotta	Chief Operating Officer	—	Male	1969	Active
Thomas Driscoll	Vice President of Strategic Development & Sustainability	—	Male	—	Active
Chad Lindholm	Senior Vice President of Sales	—	Male	—	Active
James W. Sytsma	Vice President, Corporate Secretary & General Counsel	—	Male	—	Active
Gary Foster	Senior Vice President of Corporate Communications	—	Male	—	Active
Barbara Johnson Bechthold	Vice President of Administration	—	Female	—	Active

Recent News of CLNE

The Motley Fool8/11/2026Neutral

Why Clean Energy Fuels Stock Is Soaring Today

Clean Energy Fuels reported Q2 2026 revenue that exceeded analysts' estimates. Management projects profitability growth in the company's upstream business.

Seeking Alpha8/7/2026Neutral

Clean Energy Fuels Corp. (CLNE) Q2 2026 Earnings Call Transcript

Zacks Investment Research8/6/2026Neutral

Clean Energy Fuels (CLNE) Reports Q2 Loss, Beats Revenue Estimates

Clean Energy Fuels (CLNE) came out with a quarterly loss of $0.01 per share in line with the Zacks Consensus Estimate. This compares to break-even earnings per share a year ago.

MarketBeat8/6/2026Neutral

Clean Energy Fuels Q2 Earnings Call Highlights

Clean Energy Fuels NASDAQ: CLNE reported second-quarter results that management said were in line with expectations, as higher fuel volumes, improved renewable natural gas production and favorable environmental credit pricing supported its full-year outlook.

Business Wire8/6/2026Neutral

Clean Energy Reports Revenue of $106.4 Million and 63.2 Million RNG Gallons Sold for the Second Quarter of 2026

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Clean Energy Fuels Corp. (NASDAQ: CLNE) (“Clean Energy” or the “Company”) today announced its operating results for the second quarter of 2026. Financial Highlights Revenue of $106.4 million in Q2 2026 compared to $102.6 million in Q2 2025. Net loss attributable to Clean Energy for Q2 2026 was $(14.9) million, or $(0.07) per share, on a GAAP (as defined below) basis, compared to $(20.2) million, or $(0.09) per share, for Q2 2025. Adjusted EBITDA (as defin.

Historical Employee Count of CLNE

Current

503

Change

-12.82%

Minimum

482

Maximum

577

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	503	10-K	Feb 24, 2026	View
Dec 31, 2024	577	10-K	Feb 24, 2025	View
Dec 31, 2023	566	10-K	Feb 29, 2024	View
Dec 31, 2022	496	10-K	Feb 28, 2023	View
Dec 31, 2021	482	10-K	Feb 24, 2022	View

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Clean Energy Fuels Corp.