Strong Q1 Financial Performance
Clean Energy Fuels reported $104 million in revenue and $17 million in adjusted EBITDA for Q1 2025, with a $9 million increase in cash to $227 million since the start of the year.
Stable Demand from Core Customers
Despite market uncertainties, there was no material decline in demand from Clean Energy Fuels' core customers in the refuse, transit, and trucking sectors.
Expansion and New Projects
Completed a new RNG station for Burrtec in Victorville, CA and expanded relationships with USA Hauling and other transit agencies, indicating growth in infrastructure and customer base.
Positive Outlook for Heavy-Duty Trucking
RNG is seen as a viable low-carbon fuel alternative for heavy-duty trucks, with positive feedback from industry leaders at the Advanced Clean Transportation Expo.
Continued Upstream Dairy RNG Production
Six dairy RNG production projects are operational with two more expected by the end of the year, showing progress in upstream production capabilities.