Clean Energy Fuels(NASDAQ) CLNE

Clean Energy Fuels Corp. helps large vehicle fleets use cleaner fuel. It builds and manages stations in the United States and Canada. These services help heavy-duty trucks reduce climate-harming emissions.

Fueling Options and Station Services

• Product Revenue: Sells renewable natural gas, which is a bio-based fuel, and conventional natural gas; accounted for 85.7% of revenue in the second quarter of 2026.
• Service Revenue: Offers maintenance and operation services for customer-owned stations; accounted for 14.3% of revenue in the second quarter of 2026.
• Station Construction: Builds fueling infrastructure for heavy-duty trucks, waste management fleets, and public transit systems.
• Environmental Credits: Generates and sells government credits, such as Renewable Identification Numbers and Low Carbon Fuel Standard credits, derived from renewable fuel use.

New Projects and Leadership Changes

• Launched the East Valley Cattle renewable natural gas facility with six anaerobic digesters in the first quarter of 2026.
• Appointed Clay Corbus as chief executive officer in April 2026 and Bart Frabotta as chief operating officer in June 2026.
• Developed anaerobic digester projects through joint ventures with TotalEnergies and BP Products North America.
• Entered a joint development agreement with Maas Energy Works to build and operate new renewable gas production sites.
• Established a fixed supply arrangement to deliver 199 million gallons of renewable fuel to UPS through December 2030.

An Expansive Fueling Network

Clean Energy Fuels operates over 570 stations in the United States and 27 in Canada as of June 30, 2026. The company uses virtual natural gas pipelines to deliver fuel to areas without direct pipeline access.

Key Financial Results

• Total revenue reached $106.4 million for the three-month period ended June 30, 2026.
• Renewable natural gas sales totaled 63.2 million gasoline gallon equivalents in the second quarter of 2026.
• Net loss attributable to the company was $14.9 million for the three months ended June 30, 2026.
• Cash, cash equivalents, and short-term investments totaled $138.0 million as of June 30, 2026.

Evolution of Energy

Clean Energy Fuels has shifted from a traditional gas supplier to a renewable fuel producer. This transition focuses on decarbonizing the trucking industry through an extensive station network.