CLNE · Clean Energy Fuels Corp.

0001104659-26-057194

Summary

Revenue grew 13.3% to $117.6M driven by higher vehicle fueling volumes, while operating and net losses narrowed dramatically to -$2.9M and -$12.4M due to the absence of prior-year one-time charges, though operating cash use of -$8.4M reflects working capital timing shifts.

Key takeaways

Revenue increased 13.3% to $117.6M from $103.8M, primarily due to increased volumes of vehicles fueling and higher station construction costs.
Operating loss improved 97.7% to -$2.9M from -$126.3M as prior-year non-recurring charges did not repeat.
Net loss narrowed 90.8% to -$12.4M from -$135.0M; diluted EPS improved 90% to -$0.06 from -$0.60.
Operating cash flow turned to -$8.4M use from +$23.4M prior, attributable to changes in working capital timing of receipts, accruals, and payments.
Free cash flow was -$15.3M after $6.9M capital expenditures, down from $7.5M prior.

Full analysis

Net income followed suit, reducing to a -$12.4 million loss from -$135.0 million, or 90.8% improvement, with diluted EPS at -$0.06 versus -$0.60. These gains underscore the benefit of eliminating one-off impairments, allowing underlying business performance to emerge more clearly for investors.