Clean Energy Fuels Corp.
NASDAQ•CLNE
CEO: Mr. Andrew J. Littlefair
Sector: Energy
Industry: Oil & Gas Refining & Marketing
Listing Date: 2007-05-25
Clean Energy Fuels Corp. provides natural gas as alternative fuels for vehicle fleets and related fueling solutions in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations. The company also designs, builds, operates, and maintains vehicle fueling stations; and sells and services compressors and other equipment that are used in RNG production and fueling stations. In addition, it transports and sells CNG, RNG, and LNG through virtual natural gas pipelines and interconnects; sells U.S. federal, state, and local government credits, such as RNG as a vehicle fuel, including Renewable Identification Numbers and Low Carbon Fuel Standards credits; and obtains federal, state, and local credits, grants, and incentives. Further, the company focuses on developing, owning, and operating dairy and other livestock waste RNG projects. It serves heavy-duty trucking, airports, refuse, public transit, industrial, and institutional energy users, as well as government fleets. Clean Energy Fuels Corp. was incorporated in 2001 and is headquartered in Newport Beach, California.
Contact Information
4675 MacArthur Court, Suite 800, Newport Beach, CA, 92660, United States
949-437-1000
Market Cap
$471.78M
P/E (TTM)
-2.1
25.5
Dividend Yield
--
52W High
$3.11
52W Low
$1.30
52W Range
Rank69Top 98.7%
1.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 1.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$112.32M+0.00%
4-Quarter Trend
EPS
-$0.20+0.00%
4-Quarter Trend
FCF
$6.50M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Total Revenue Growth Total revenue reached $424.8M in 2025, showing 2.1% growth over 2024 revenue of $415.9M.
RNG Volume Sales Increase RNG fuel volume sold grew to 237.4M GGEs in 2025, a modest 0.3% increase from 236.7M GGEs last year.
Operating Cash Flow Improved Cash provided by operating activities was $85.5M in 2025, significantly up from $64.6M provided in 2024.
Pickens LNG Production Resumed Pickens Plant recommenced LNG production in January 2025, generating $6.2M in revenue from LNG fuel sales.
Risk Factors
Significant Net Loss Recorded Net loss attributable to CEFC widened substantially to $(222.0M) in 2025, compared to $(83.1M) loss in 2024.
Goodwill Impairment Charge Recognized a goodwill impairment loss of $64.3M in Q1 2025 due to sustained decline in common stock price.
Depreciation Expense Spiked Depreciation and amortization increased $53.8M to $98.6M, driven by accelerated expense from Pilot station asset removal.
Environmental Credit Market Volatility Revenue highly dependent on volatile RINs and LCFS Credits; changes in federal/state programs pose material risk.
Outlook
RNG Supply Expansion Strategy Portfolio includes 11 RNG projects in operation or construction, targeting 14.5M GGEs total production capacity.
2026 Capital Expenditure Plans Plan calls for $25.0M in 2026 CapEx, plus $42.0M deployment for ADG RNG production facilities development.
Promote X15N Engine Adoption Strategy supports adoption of Cummins X15N natural gas engine to increase long-haul RNG fueling solution uptake.
Focus on 100% RNG Goal Goal remains delivering 100% RNG across entire fueling infrastructure, leveraging existing customer relationships.
Peer Comparison
Revenue (TTM)
$3.18B
$1.94B
$1.90B
Gross Margin (Latest Quarter)
95.1%
31.4%
19.1%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| PUMP | $1.82B | 1884.5 | 0.1% | 19.3% |
| SOC | $1.68B | -4.0 | -102.0% | 0.0% |
| KOS | $1.28B | -1.8 | -79.0% | 65.3% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.7%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:May 6, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
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No Data