Clean Energy Fuels Corp.

Clean Energy Reports Revenue of $112.2 Million and 66.8 Million RNG Gallons Sold for the Third Quarter of 2026

Clean Energy Fuels posted Q3 2026 revenue of $112.2 million, up from $106.1 million a year earlier, with RNG gallons sold rising 9.0% to 66.8 million. GAAP net loss narrowed to $(5.7) million, or $(0.03) per share, from $(23.8) million, while Adjusted EBITDA jumped to $27.2 million from $17.3 million; the company raised its 2026 Adjusted EBITDA outlook to $75-80 million from $70-75 million. The quarter also brought a $30.7 million tax credit sale, a $27.5 million OCTA hydrogen station contract, a $15 million debt paydown, and leadership appointments: JJ Armstrong as CFO and Sean Wine as Chief Revenue Officer.

•3d ago

Clean Energy Closes $30.7 Million Tax Credit Sale from its RNG Portfolio

Clean Energy Fuels closed the sale of $30.7 million in federal tax credits generated by seven of its renewable natural gas facilities, its fourth such monetization transaction. The largest component is a $26 million investment tax credit tied to the South Fork Dairy RNG facility in Dimmit, Texas; the deal also included all 2025 Section 45Z clean fuel production credits from its dairy RNG portfolio, including projects held through joint ventures with bp and TotalEnergies. The monetization provides incremental cash and underscores growing demand for environmental credits, supporting the economics of Clean Energy's RNG build-out.

•1mo ago

Clean Energy Reports Revenue of $106.4 Million and 63.2 Million RNG Gallons Sold for the Second Quarter of 2026

Clean Energy Fuels reported Q2 2026 revenue of $106.4 million, up from $102.6 million in the prior year, while net loss narrowed to $(14.9) million or $(0.07) per share. Operational highlights include the sale of 63.2 million RNG gallons, a 2.9% increase year-over-year, and total fuel volume growth of 7.2% to 81.8 million gallons. The company maintained its full-year outlook for Adjusted EBITDA of $70 million to $75 million and announced the appointment of Bart Frabotta as Chief Operating Officer.

•3mo ago

Clean Energy Expands Fueling Network as Trucking and Refuse Fleets Across Canada Choose Natural Gas

Clean Energy Fuels expanded its Western Canadian network through a partnership with Tourmaline, opening new stations in Grande Prairie and Chilliwack to support increased demand for natural gas fueling. The company secured agreements with ten fleets—including Nortrans Freight, GFL Environmental, and Caron Transportation—to fuel approximately 60 new natural gas trucks, driven by the adoption of Cummins' 15-litre X15N engine. Nortrans Freight Management highlighted the economic case for the switch, noting a $3 million CAD investment in new CNG tractors fueled by costs 40-50% lower than diesel.

•3mo ago

Clean Energy to Build New Hydrogen Station for Orange County Transportation Authority’s Expanding Zero-emission Bus Fleet

Clean Energy Fuels won a $27.5 million contract from the Orange County Transportation Authority to design and build a private hydrogen fueling station at its Garden Grove bus base. The contract includes operations, maintenance, and liquid hydrogen fuel supply, supporting OCTA's planned expansion of its hydrogen fleet from 10 to 50 buses by 2040. Construction is slated for completion in 2028, positioning the company to support the region's zero-emission transit goals.

•3mo ago

Clean Energy Appoints Bart Frabotta as Chief Operating Officer

Clean Energy Fuels promoted Bart Frabotta to Chief Operating Officer; he joined the company in 2010 and most recently served as Group Vice President of Operations. In his new role, Frabotta will oversee station operations, RNG and LNG production, engineering, field services, and supply chain. CEO Clay Corbus noted that Frabotta has driven meaningful improvements in reliability and efficiency across the network.

•4mo ago

Clean Energy Expands Into Puerto Rico Providing LNG Supply Systems for Energy Security

Clean Energy Fuels announced it has been awarded two contracts to design and install LNG fueling systems for gas-to-power applications in Puerto Rico. The projects include a station for a global healthcare supplier's pharmaceutical operations and a six-megawatt combined heat and power plant for P.R. Energy Partners, totaling 10 MW of installed power. These agreements mark the company's first LNG infrastructure deals in the region, expanding its customer base into new geographic and application markets.

•4mo ago

Clean Energy Begins Producing RNG at East Valley Cattle, One of the Largest Dairies in the Country

Clean Energy Fuels has completed its eighth renewable natural gas (RNG) production facility at East Valley Cattle in Jerome, Idaho, marking a major expansion in its dairy-based RNG portfolio. The facility, one of the largest single-site dairies and RNG plants in North America, processes manure from over 35,000 cows using six anaerobic digesters and began injecting negative carbon-intensity RNG into the interstate pipeline in Q1 2026. The project has secured full regulatory approval from the EPA for Renewable Identification Numbers (RINs) and from CARB for Low Carbon Fuel Standard (LCFS) credits, enabling immediate revenue generation from high-value environmental credits.

•5mo ago

Clean Energy Reports Revenue of $117.6 Million and 67.4 Million RNG Gallons Sold for the First Quarter of 2026

Clean Energy Fuels reported Q1 2026 revenue of $117.6 million, a 13% increase from the prior year, driven by a 33% surge in RNG gallons sold to 67.4 million. The company significantly narrowed its net loss to $(12.4) million, or $(0.06) per share, compared to a $(135.0) million loss in Q1 2025 which included impairment charges. Management reaffirmed its 2026 outlook for Adjusted EBITDA of $70 million to $75 million and announced the appointment of Clay Corbus as the new President and CEO.

•6mo ago