Business
Clean Energy Reports Revenue of $112.3 Million and 64.1 Million RNG Gallons Sold for the Fourth Quarter of 2025
NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Clean Energy Fuels Corp. (NASDAQ: CLNE) (“Clean Energy” or the “Company”) today announced its operating results for
About this update from Clean Energy Fuels Corp.
[{"type":"text","content":" NEWPORT BEACH, Calif.--(BUSINESS WIRE)--\nClean 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.\n\n\nFinancial Highlights\n\n\n\nRevenue of $112.3 million in Q4 2025 compared to $109.3 million in Q4 2024.\n\n\n\nRevenue of $424.8 million for the year 2025, compared to $415.9 million for 2024.\n\n\n\nNet 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.\n\n\n\nNet 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.\n\n\n\nAdjusted EBITDA (as defined below) was $15.7 million for Q4 2025, compared to $23.6 million for Q4 2024.\n\n\n\nAdjusted EBITDA was $67.6 million for the year 2025, compared to $76.6 million for 2024.\n\n\n\nCash, Cash Equivalents (less restricted cash) and Short-Term Investments totaled $156.1 million as of December 31, 2025.\n\n\n\nOperational and Strategic Highlights\n\n\n\nThe 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.\n\n\n\nExpanded 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.\n\n\n\nLaunched second heavy-duty truck demo program, featuring the 2026 Freightliner Cascadia Gen 5 day cab equipped with the Cummins X15N natural gas engine.\n\n\n\nPartially paid down long-term debt by $65 million with available cash and investments on hand.\n\n\n\nRenewable 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.\n\n\n\nCommentary by ...