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Clean Energy Reports Revenue of $112.3 Million and 64.1 Million RNG Gallons Sold for the Fourth Quarter of 2025

CLNE
  • Clean Energy Fuels Corp. reported Q4 2025 revenue of $112.3 million & full-year 2025 revenue of $424.8 million, both showing year-over-year increases.
  • The company recorded a GAAP net loss of $(43.0) million for Q4 2025 ($(0.20) per share) & $(222.0) million for the full year 2025 ($(1.01) per share).
  • Adjusted EBITDA was $15.7 million for Q4 2025 & $67.6 million for the full year 2025, representing declines compared to 2024 figures.
  • RNG gallons sold increased 3.4% in Q4 2025 to 64.1 million & 0.7 million in the full year 2025 to 237.4 million.
  • The company completed its RNG facility at South Fork Dairy in Dimmitt, Texas, capable of producing approximately 2.6 million gallons of low-carbon RNG annually.
  • Clean Energy launched a second heavy-duty truck demo program featuring the 2026 Freightliner Cascadia Gen 5 equipped with a Cummins X15N natural gas engine.
  • The company partially paid down long-term debt by $65 million using available cash & investments.
  • Cash, cash equivalents, less restricted cash, & short-term investments totaled $156.1 million as of December 31, 2025.
  • Q4 2025 results included $14.6 million in non-cash Amazon warrant charges, compared to $18 million in Q4 2024.
  • The 2026 outlook projects a GAAP net loss between $(71) million & $(66) million & Adjusted EBITDA between $70 million & $75 million.
  • Non-GAAP income per share for Q4 2025 was $(0.00), compared to $0.02 in Q4 2024.