Clean Energy Fuels Corp
NASDAQ:CLNE
Clean Energy Fuels Corp
Clean Energy Fuels Corp. engages in the provision of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company is headquartered in Newport Beach, California and currently employs 482 full-time employees. The company went IPO on 2007-05-25. The firm is focused on the procurement and distribution of renewable natural gas (RNG) and conventional natural gas, in the form of compressed natural gas (CNG) and liquefied natural gas (LNG), for the United States and Canadian transportation markets. The company is focused on developing, owning, and operating dairy and other livestock waste RNG projects and supplying RNG to its customers in the heavy and medium -duty commercial transportation sector. The company also designs and builds as well as operate and maintain, public and private vehicle fleet customer stations in the United States and Canada; sell and service compressors and other equipment used in RNG production and at fueling stations; sell U.S. federal, state and local government credits (Environmental Credits) it generates by selling RNG as a vehicle fuel; and obtain federal, state and local tax credits, grants and incentives.
Clean Energy Fuels Corp. engages in the provision of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company is headquartered in Newport Beach, California and currently employs 482 full-time employees. The company went IPO on 2007-05-25. The firm is focused on the procurement and distribution of renewable natural gas (RNG) and conventional natural gas, in the form of compressed natural gas (CNG) and liquefied natural gas (LNG), for the United States and Canadian transportation markets. The company is focused on developing, owning, and operating dairy and other livestock waste RNG projects and supplying RNG to its customers in the heavy and medium -duty commercial transportation sector. The company also designs and builds as well as operate and maintain, public and private vehicle fleet customer stations in the United States and Canada; sell and service compressors and other equipment used in RNG production and at fueling stations; sell U.S. federal, state and local government credits (Environmental Credits) it generates by selling RNG as a vehicle fuel; and obtain federal, state and local tax credits, grants and incentives.
Revenue: Clean Energy reported Q3 revenue of $106 million, up 8% from last year excluding alternative fuel tax credits.
Profitability: Adjusted EBITDA for Q3 was $17.3 million, and the company reaffirmed its full-year 2025 outlook.
Cash Position: Ended the quarter with $232 million in cash and short-term investments, maintaining strong financial flexibility.
RNG Production: Eight RNG production projects now operating, with two large sites just beginning production; company expects volumes to nearly double in 2026.
Guidance: Full-year 2025 financial guidance reaffirmed; management indicated results will likely be at the high end or slightly above.
Market Conditions: Headwinds in heavy-duty trucking persist due to weak freight rates, but RNG adoption is growing among major fleets.
Upstream Margins: LCFS credit prices remain a headwind, but management expects gradual improvement; plant productivity is increasing.
