Clean Energy Fuels Corp

Latest Results (07.11.2025):

Clean Energy Fuels Corp’s Q3 2025 financial results show a mixed performance with revenue reaching $106.1 million—a slight increase from Q3 2024—amid a wider net loss of $23.8 million. The report highlights a reduction in Adjusted EBITDA to $17.3 million compared to the previous year, alongside robust RNG sales volumes of 61.3 million gallons and strategic investments to advance both upstream RNG production and downstream leasing initiatives.

Revenue Comparison

In Q3 2025, revenue was $106.1 million, marginally up from $104.9 million in the same quarter last year, reflecting the impact of non-cash adjustments including Amazon warrant charges and other revenue components such as station construction and regulatory credits.

Earnings and EBITDA

The company reported a GAAP net loss of $23.8 million (or $0.11 per share), compared to a $18.2 million loss in Q3 2024. Adjusted EBITDA decreased to $17.3 million from $21.3 million, showing pressure on earnings despite ongoing operational improvements.

RNG Sales and Operational Progress

Q3 2025 saw Clean Energy Fuels Corp sell 61.3 million gallons of RNG, a 3% increase over Q3 2024, underlining steady growth in their renewable fuel volume even as challenges in other areas persisted.

Strategic Investments and Development

The report details a strategic investment in Pioneer Clean Fleet Solutions and the groundbreaking of three new RNG production facilities under a joint development with Maas Energy Works, supporting the firm’s broader objective to promote low-carbon solutions and increase RNG production capacity.

Liquidity and Balance Sheet

As of September 30, 2025, Clean Energy Fuels Corp held $232.2 million in cash, cash equivalents, and short-term investments, demonstrating a solid liquidity position to support ongoing operational and strategic initiatives.