Clean Energy Fuels Reports Significantly Narrowed Q1 Loss, 13% Revenue Growth, and Strong RNG Volume Increase

summarizeSummary

Clean Energy Fuels Corp. announced Q1 2026 results, showing a significant reduction in net loss, 13.3% revenue growth, and a 33.2% increase in RNG gallons sold, alongside a stable Adjusted EBITDA.

check_boxKey Events

• Significant Reduction in Net Loss

  Net loss attributable to Clean Energy for Q1 2026 was $(12.4) million, a substantial improvement from $(135.0) million in Q1 2025, which included significant impairment charges.

• Strong Revenue Growth

  Revenue increased by 13.3% to $117.6 million in Q1 2026, up from $103.8 million in Q1 2025.

• Substantial Increase in RNG Gallons Sold

  RNG gallons sold rose by 33.2% to 67.4 million gallons in Q1 2026 compared to Q1 2025, indicating strong operational performance in its core business.

• Stable Adjusted EBITDA

  Adjusted EBITDA for Q1 2026 was $16.6 million, a slight decrease from $17.1 million in Q1 2025.

auto_awesomeAnalysis

Clean Energy Fuels Corp. reported a substantial improvement in its financial performance for the first quarter of 2026. The net loss significantly narrowed to $(12.4) million from $(135.0) million in the prior year, primarily due to the absence of large goodwill impairment and accelerated depreciation charges that impacted Q1 2025. Revenue increased by 13.3% year-over-year, driven by a robust 33.2% increase in renewable natural gas (RNG) gallons sold, highlighting strong operational growth in its core sustainable fuel business. While Adjusted EBITDA remained relatively stable, the overall results indicate a positive trajectory for the company, especially when contrasted with the significantly wider net loss reported in the previous year's 10-K. The company also provided its 2026 outlook, projecting a GAAP net loss between $(71) million and $(66) million and Adjusted EBITDA between $70 million and $75 million.