Quarterly ResultMay 7, 2026, 04:27 PM
Clean Energy Q1 Revenue $117.6M; Net Loss $(12.4)M (vs $(135.0)M)
AI Summary
Clean Energy Fuels Corp. announced its first quarter 2026 financial results, reporting revenue of $117.6 million, an increase from $103.8 million in Q1 2025. The company significantly reduced its net loss to $(12.4) million, or $(0.06) per share, compared to $(135.0) million, or $(0.60) per share, in the prior year period. Operational highlights included a 33.2% increase in RNG gallons sold to 67.4 million and the successful placement into service of the East Valley dairy RNG project. The company also announced the appointment of Clay Corbus as its new President and CEO and provided a 2026 Adjusted EBITDA outlook of $70 million to $75 million.
Key Highlights
- Revenue of $117.6 million in Q1 2026, up from $103.8 million in Q1 2025.
- Net loss attributable to Clean Energy was $(12.4) million, or $(0.06) per share, in Q1 2026.
- RNG gallons sold increased 33.2% to 67.4 million gallons in Q1 2026.
- Adjusted EBITDA was $16.6 million for Q1 2026, compared to $17.1 million for Q1 2025.
- Clay Corbus appointed new President and CEO effective April.
- East Valley dairy RNG project placed into service in Q1 2026, expected to produce 3.5M gallons annually.
- Cash, Cash Equivalents and Short-Term Investments totaled $126.2 million as of March 31, 2026.
- 2026 Adjusted EBITDA outlook estimated to range from $70 million to $75 million.