Clean Energy Fuels Corp.
2.8600-0.07 (-2.39%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · CLNE · USD
Key Stats
Market Cap
627.17MP/E (TTM)
-Basic EPS (TTM)
-0.91Dividend Yield
0%Recent Filings
8-K
Board refresh from TotalEnergies
Clean Energy Fuels Corp. replaced two TotalEnergies-nominated board directors, Karine Boissy-Rousseau and Mathieu Soulas, with Aimeric Ramadier and Marc de Guilhem de Lataillade on September 10, 2025, effective immediately. The change stems from TotalEnergies' internal decisions, maintaining its ~25% stake from the 2018 purchase. New appointees bring biogas and strategy expertise to bolster RNG growth. No disagreements prompted the resignations.
10-Q
Q2 FY2025 results
Clean Energy Fuels edged up revenue 5% y/y to $102.6M in Q2 FY2025 ended June 30, 2025, with product sales climbing 5% on higher fuel volumes and pricing despite $17.4M in Amazon warrant charges, while service revenue ticked up 3% on better margins. Gross margins narrowed to 27% from 35% y/y, pressured by elevated natural gas costs, yielding an operating loss of $9.2M, up from $5.6M last year; net loss widened to $20.2M or $(0.09) per diluted share on 220M shares, versus $16.3M or $(0.07) prior. Cash from operations surged to $59.3M YTD on working capital timing, bolstering $134.2M in cash and $108.7M short-term investments against $278M long-term debt at 9.5% due 2029; free cash flow not disclosed in the 10-Q. A $64.3M goodwill impairment in Q1 and $50.7M accelerated depreciation from expiring Pilot contracts hammered YTD results, yet RNG volumes held steady. Competition from electric trucks looms large.
8-K
Q2 revenue rises, RNG sales grow
Clean Energy Fuels Corp. reported Q2 2025 revenue of $102.6 million, up from $98.0 million last year, driven by 61.4 million RNG gallons sold—a 7.5% increase—yet GAAP net loss widened to $20.2 million from $16.3 million amid higher Amazon warrant charges and no AFTC revenue. New RNG supply deals with LA Metro and others promise over 20 million annual gallons, while the BP joint venture sold $29.5 million in ITCs for $27.2 million proceeds. RNG demand surges. Full-year Adjusted EBITDA guidance holds at $60-65 million, but risks include volatile fuel prices and equity investment losses.
8-K
Stockholders approve plan amendment
Clean Energy Fuels Corp. stockholders approved the Amended and Restated 2024 Performance Incentive Plan on May 22, 2025, boosting available common shares by 10,750,000 to a total of 14,750,000. This enhances equity award capacity for executive officers and participants. The board had pre-approved it, tying into broader incentive strategies. Stockholders greenlit the expansion.
8-K
Annual meeting results
Clean Energy Fuels Corp. held its 2025 annual meeting on May 22, electing all seven director nominees, including Andrew J. Littlefair and Lizabeth Ardisana, with strong support but notable withheld votes for some. Shareholders ratified KPMG LLP as auditors for the fiscal year ending December 31, 2025, and approved executive compensation on an advisory basis. The board also greenlit the Amended and Restated 2024 Performance Incentive Plan. Continuity intact.
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