Clean Energy Fuels Q2 revenue rises but misses estimates
CLNE•Outlook for 2026
Clean Energy expects 2026 GAAP net loss between $71 million and $66 million.
The company estimates 2026 adjusted EBITDA of $70 million to $75 million.
The company said changes in diesel and natural gas markets could affect 2026 results.
Drivers of the quarterly results
- Fuel volume growth - The company said increased sales of RNG and conventional natural gas drove higher fuel volumes year over year.
- Station construction revenue - Clean Energy reported higher station construction revenue in Q2 2026 versus Q2 2025.
- RIN and LCFS credit growth - The company said increased RIN and LCFS revenues were driven by higher prices, volumes, and expanded dairy RNG production.
Key reported metrics and analyst view
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Miss | $106.40 million | $111.93 million (6 analysts) |
| Q2 Adjusted Loss Per Share | Meet | $0.01 | $0.01 (5 analysts) |
| Q2 Loss Per Share | $0.07 |
