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Clean Energy Fuels (CLNE)
NASDAQ:CLNE
Earnings Data
Report Date
May 07, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.03Last Year’s EPS
0.01Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted multiple operational and strategic positives: an adjusted EBITDA beat, sizable upstream project milestones (South Fork and East Valley), debt repayment and strong liquidity, constructive 2026 guidance (higher adjusted EBITDA and volume growth), and supportive policy signals. Key challenges remain—large GAAP losses driven by non-cash charges, earlier weather-related RNG supply shortfalls, slower truck adoption in 2025, one-off SG&A costs, and competitive pressure on contract renewals and credit retention. Management provided clear plans for cost reductions, disciplined CapEx, and a path to upstream profitability. Overall the positives around execution, project scale-up, improved guidance, balance sheet actions, and favorable policy developments modestly outweigh the near-term financial and market headwinds.Company Guidance
Adjusted EBITDA Beat and Financial Outlook
Adjusted EBITDA for 2025 was $67.6 million, exceeding the top end of guidance ($65 million) by ~4%. Company provided 2026 adjusted EBITDA guidance of $70 million to $75 million and revenue guidance of $420 million to $440 million.
Debt Reduction and Liquidity
Repaid $65 million of debt in Q4 2025, reducing leverage and lowering future interest expense by roughly $6 million for 2026. Ended 2025 with $156.1 million in cash and investments and do not plan additional borrowings in 2026.
RNG Volume Scale and Growth Guidance
Delivered 237.4 million gallons of RNG in 2025 (about 97% of target). Q4 2025 RNG deliveries were 64.1 million gallons (+5% vs Q3 2025 and +3% vs Q4 2024). 2026 RNG volume guidance is 250 million gallons with total fuel volumes ~324 million gallons.
Major Upstream Project Milestones
Brought South Fork Dairy (Texas) online—largest operating RNG project in the portfolio and fully consolidated—and began injecting gas at East Valley Dairy (Idaho), the largest RNG project in the portfolio (JV with BP, processes manure from ~37,000 cows). Company now has eight operating RNG projects and three in construction via Moss Energy Works.
Downstream Commercial Wins and Station RNG Penetration
Renewed/expanded contracts including WM (85 stations to fuel ~8,000 refuse trucks) and city/municipal wins (Scottsdale, Phoenix, Washington, D.C., Nashville, Arlington VA, Fort Smith AR). Approximately 89% of company-controlled fueling infrastructure is running RNG.
Upstream Business Turning Positive
Management expects significant improvements in RNG upstream GAAP losses and anticipates the upstream business to generate positive adjusted EBITDA in 2026; internal ramp target for upstream adjusted EBITDA is roughly $3M to $5M across the year as facilities optimize.
Cost and Capital Discipline
Expect SG&A to decline ~10% (or over $10 million) in 2026, to an approximate run rate of $25 million per quarter. Fuel distribution CapEx expected at ~$25 million and RNG upstream investments at ~$40 million for 2026; plan to fund with cash and operating cash flow (targeting ~$50 million operating cash flow in 2026).
Supportive Policy Backdrop
Management cites constructive signals for LCFS and RIN credit fundamentals (CARB Q3 2025 showed the first net deficit since 2021) and progress on 45Z clean fuel production credit rulemaking, which could improve project economics when finalized.
CLNE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CLNE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 24, 2026 | $2.54 | $2.39 | -5.91% |
Nov 04, 2025 | $2.78 | $2.34 | -15.83% |
Aug 07, 2025 | $2.04 | $2.29 | +12.25% |
May 08, 2025 | $1.71 | $1.60 | -6.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Clean Energy Fuels (CLNE) report earnings?
Clean Energy Fuels (CLNE) is schdueled to report earning on May 07, 2026, After Close (Confirmed).
What is Clean Energy Fuels (CLNE) earnings time?
Clean Energy Fuels (CLNE) earnings time is at May 07, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CLNE EPS forecast?
CLNE EPS forecast for the fiscal quarter 2026 (Q1) is -0.03.