Content Detail

• Content META

  Title	Clean Energy Reports Revenue of $102.6 Million and 61.4 Million RNG Gallons Sold for the Second Quarter of 2025
  ID	12294873
  External ID	7951175160
  Author	Unknown
  Published Date	Aug. 7, 2025, 3:24 p.m.
  Summary	August 7, 2025 4:22 PM EDT NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Clean Energy Fuels Corp. (NASDAQ: CLNE ) (“Clean Energy” or the “Company”) today announced its operating results for the second qua
  Tags	press-release
  URL	https://www.streetinsider.com/press+releases/clean+energy+reports+revenue+of+%24102.6+million+and+61.4+million+rng+gallons+sold+for+the+second+quarter+of+2025/25168015.html
  Sentiment	Negative: 0.04864    Neutral: 0.06884    Positive: 0.88252
  Relevance	0.03587

• Content Details

  Content ID	7855424
  Key	5fc49338-f8ac-42d0-8bf4-59995a2dfd3c
  Content	August 7, 2025 4:22 PM EDT NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Clean Energy Fuels Corp. (NASDAQ: CLNE ) (“Clean Energy” or the “Company”) today announced its operating results for the second quarter of 2025. Financial Highlights Revenue of $102.6 million in Q2 2025 compared to $98.0 million in Q2 2024. Net loss attributable to Clean Energy for Q2 2025 was $(20.2) million, or $(0.09) per share, on a GAAP (as defined below) basis, compared to $(16.3) million, or $(0.07) per share, for Q2 2024. Adjusted EBITDA (as defined below) was $17.5 million for Q2 2025, compared to $18.9 million for Q2 2024. Cash, Cash Equivalents (less restricted cash) and Short-Term Investments totaled $240.8 million as of June 30, 2025, compared to $217.5 million as of December 31, 2024. Operational and Strategic Highlights We executed a number of new RNG supply agreements with transit fleets and municipalities across the country, including LA Metro, Trinity Metro in Fort Worth, TX, and the City of El Paso, TX, among others. The agreements are expected to provide over 20 million gallons of RNG to these agencies annually. Our joint venture with BP, CE bp Renew Co, LLC, finalized the sale of $29.5 million in ITCs for gross proceeds of $27.2 million. We resumed repurchases of shares of the Company's common stock pursuant to the Company's existing Share Repurchase Program. There were 4,913,818 shares repurchased during the six-month period ended June 30, 2025 for a purchase price of $7.9 million. There is approximately $18.7 million of remaining capacity for repurchase under the Program as of June 30, 2025. Renewable natural gas (“RNG”) gallons sold of 61.4 million gallons in Q2 2025, a 7.5% increase compared to Q2 2024. Commentary by Andrew J. Littlefair, President and Chief Executive Officer “RNG remains the most immediate and cost-effective clean transportation fuel, as we see continued strong demand reflected in our solid second quarter results. The production of RNG was also recognized as a viable common-sense solution in the One Big Beautiful Bill Act which should be a nice tail wind going forward. We are very pleased to monetize additional dairy RNG project ITC's, adding capital resources to our dairy RNG production investments. All in all, another good quarter with good momentum looking forward.” Summary and Review of Results The Company's revenue for the second quarter of 2025 was decreased by $17.4 million of non-cash stock-based sales incentive contra-revenue charges (“Amazon warrant charges”) related to the warrant issued to Amazon.com NV Investment Holdings LLC (the “Amazon warrant”), compared to Amazon warrant charges of $14.1 million in Q2 2024. Q2 2025 includes $0.0 million of AFTC revenue versus $6.0 million of AFTC in Q2 2024, since AFTC expired on December 31, 2024. Q2 2025 station construction revenues of $7.8 million versus $5.6 million of station construction revenues in Q2 2024. Revenue for Q2 2025 also included an unrealized loss of $0.5 million on commodity swap and customer fueling contracts relating to the Company's truck financing program, compared to an unrealized gain of $0.1 million in Q2 2024. Q2 2025 renewable identification number (“RIN”) and low carbon fuel standards (“LCFS”) revenues of $11.9 million versus $13.9 million of RIN and LCFS revenues in Q2 2024 reflecting a decrease of $2.0 million. The decrease was primarily due to the timing of the sale of certain LCFS credits for the three months ended March 31, 2024 being transacted in April 2024, in 2024, causing increased revenue in Q2 2024. There was also a decrease in RIN revenue of $0.3 million principally attributable to lower RIN credit prices, lower volume, and lower share of RIN values in the second quarter of 2025 when compared to that in the same period of 2024. Net loss attributable to Clean Energy for Q2 2025 included higher Amazon warrant charges when compared to Q2 2024, reflecting higher fuel volumes sold to Amazon in Q2 2025. Q2 2025 losses from equity method investments were higher than Q2 2024 due to the ramp up of operations of our dairy RNG projects. Non-GAAP income (loss) per share (as defined below) for Q2 2025 was $0.00, compared to $0.01 per share for Q2 2024. Adjusted EBITDA was $17.5 million for Q2 2025, compared to $18.9 million for Q2 2024. In this press release, Clean Energy refers to various GAAP (U.S. generally accepted accounting principles) and non-GAAP financial measures. The non-GAAP financial measures may not be comparable to similarly titled measures being used and disclosed by other companies. Clean Energy believes that this non-GAAP information is useful for an understanding of its operating results and the ongoing performance of its business. Non-GAAP income (loss) per share and Adjusted EBITDA are defined below and reconciled to GAAP net income (loss) per share attributable to Clean Energy and GAAP net income (loss) attributable to Clean Energy, respectively. The table below shows GAAP and non-GAAP income (loss) attributable to Clean Energy per share and reconciles GAAP net income (loss) attributable to Clean Energy to the non-GAAP net income (loss) attributable to Clean Energy figure used in the calculation of non-GAAP income (loss) per share: Three Months Ended Six Months Ended June 30, June 30, (in thousands, except share and per share data) Net loss attributable to Clean Energy Fuels Corp. Amazon warrant charges Stock-based compensation expense Accelerated depreciation expense associated with station equipment removal — — — Loss from Rimere equity method investment Loss from SAFE S.p.A. equity method investment Loss (gain) from change in fair value of derivative instruments Impairment of goodwill — — — Amortization of investment tax credit from RNG equity method investments Non-GAAP net income (loss) attributable to Clean Energy Fuels Corp. Diluted weighted-average common shares outstanding GAAP loss attributable to Clean Energy Fuels Corp. per share Non-GAAP income (loss) attributable to Clean Energy Fuels Corp. per share The table below shows Adjusted EBITDA and also reconciles this figure to GAAP net loss attributable to Clean Energy: Three Months Ended Six Months Ended June 30, June 30, (in thousands) Net loss attributable to Clean Energy Fuels Corp. Income tax expense (benefit) Interest expense Interest income Depreciation and amortization Accelerated depreciation expense associated with station equipment removal — — — Impairment of goodwill — — — Amazon warrant charges Stock-based compensation expense Loss from Rimere equity method investment Loss from SAFE S.p.A. equity method investment Loss (gain) from change in fair value of derivative instruments Depreciation and amortization from RNG equity method investments Interest expense from RNG equity method investments Interest income from RNG equity method investments Amortization of investment tax credit from RNG equity method investments Adjusted EBITDA The tables below present a further breakdown of the above consolidated Adjusted EBITDA: Three Months Ended Six Months Ended June 30, June 30, (in thousands) Net loss attributable to fuel distribution Income tax expense (benefit) Interest expense Interest income Depreciation and amortization Accelerated depreciation expense associated with station equipment removal — — — Impairment of goodwill — — — Amazon warrant charges Stock-based compensation expense Loss from Rimere equity method investment Loss from SAFE S.p.A. equity method investment Loss (gain) from change in fair value of derivative instruments Adjusted EBITDA attributable to fuel distribution Three Months Ended Six Months Ended June 30, June 30, (in thousands) Net loss from RNG equity method investments attributable to Clean Energy Fuels Corp. Depreciation and amortization from RNG equity method investments Interest expense from RNG equity method investments Interest income from RNG equity method investments Amortization of investment tax credit from RNG equity method investments Adjusted EBITDA of RNG equity method investments attributable to Clean Energy Fuels Corp. Fuel and Service Volume The following tables present, for the three and six months and year ended June 30, 2024 and 2025, (1) the amount of total fuel volume the Company sold to customers with particular focus on RNG volume as a subset of total fuel volume and (2) operation and maintenance (“O&M”) services volume dispensed at facilities the Company does not own but at which it provides O&M services on a per-gallon or fixed fee basis. Certain gallons are included in both fuel and service volumes when the Company sells fuel (product revenue) to a customer and provides maintenance services (service revenue) to the same customer. Three Months Ended Six Months Ended Fuel volume, GGEs(1) sold (in millions), June 30, June 30, correlating to total volume-related product revenue RNG Conventional natural gas Total fuel volume Three Months Ended Six Months Ended O&M services volume, GGEs(1) serviced (in millions), June 30, June 30, correlating to volume-related O&M services revenue O&M services volume The Company calculates one gasoline gallon equivalent (“GGE”) to equal 125,000 British Thermal Units (“BTUs”), and, as such, one million BTUs (“MMBTU”) equal eight GGEs. Sources of Revenue The following table shows the Company's sources of revenue for the three and six months ended June 30, 2024 and 2025: Three Months Ended Six Months Ended June 30, June 30, Revenue (in millions) Product revenue: Volume-related (1) Fuel sales(2) (4) Change in fair value of derivative instruments(3) RIN Credits LCFS Credits AFTC — — Total volume-related product revenue Station construction sales Total product revenue Service revenue: Volume-related, O&M services Other services Total service revenue Total revenue The Company's volume-related product revenue primarily consists of sales of RNG and conventional natural gas, in the form of CNG and LNG, and sales of RINs and LCFS Credits in addition to changes in fair value of our derivative instruments. Includes $14.1 million and $27.0 million of Amazon warrant non-cash stock-based sales incentive contra-revenue charges for the three and six months ended June 30, 2024, respectively. Includes $17.4 million and $34.7 million of Amazon warrant non-cash stock-based sales incentive contra-revenue charges for the three and six months ended June 30, 2025, respectively. The change in fair value of unsettled derivative instruments is related to the Company's commodity swap and customer fueling contracts. The amounts are classified as revenue because the Company's commodity swap contracts are used to economically offset the risk associated with the diesel-to-natural gas price spread resulting from customer fueling contracts under the Company's truck financing program. Includes net settlement of the Company's commodity swap derivative instruments. For the three and six months ended June 30, 2024, net settlement payments recognized in fuel revenue were $0.9 and $2.4 million, respectively. For the three and six months ended June 30, 2025, there were no net settlement payments recognized in fuel revenue, as the swap expired in June 2024. 2025 Outlook Our GAAP net loss for 2025 is expected to range from approximately $(217) million to $ (212) million, assuming no unrealized gains or losses on customer contracts relating to the Company's truck financing program and including up to approximately $55 million in accelerated depreciation expense from the removal of certain LNG station assets located at 55 Pilot Flying J locations, $64.3 million representing the one-off, non-cash charge to Goodwill, and Amazon warrant charges estimated to be approximately $63 million. Changes in diesel and natural gas market conditions resulting in unrealized gains or losses on the Company's customer fueling contracts relating to the Company's truck financing program, and significant variations in the vesting of the Amazon warrant could significantly affect the Company's estimated GAAP net loss for 2025. Adjusted EBITDA for 2025 is estimated to range from approximately $60 million to $65 million. These expectations exclude the impact of any acquisitions, divestitures, new joint ventures, transactions and other extraordinary events; and macroeconomic conditions and global supply chain issues. Additionally, the expectations regarding 2025 Adjusted EBITDA assume the calculation of this non-GAAP financial measure in the same manner as described above and adding back the estimated Amazon warrant charges described above and without adjustments for any other items that may arise during 2025 that management deems appropriate to exclude. These expectations are forward-looking statements and are qualified by the statement under “Safe Harbor Statement” below. (in thousands) 2025 Outlook Net loss attributable to Clean Energy Fuels Corp. Income tax expense Interest expense Interest income Depreciation and amortization Accelerated depreciation expense associated with station equipment removal Impairment of goodwill Stock-based compensation Loss from SAFE S.p.A. and Rimere equity method investments Loss from change in fair value of derivative instruments Amazon warrant charges Depreciation and amortization from RNG equity method investments Interest expense from RNG equity method investments Interest income from RNG equity method investments Amortization of investment tax credit from RNG equity method investments Adjusted EBITDA The tables below present a further breakdown of the above consolidated Adjusted EBITDA: (in thousands) 2025 Outlook Net loss attributable to fuel distribution Income tax expense Interest expense Interest income Depreciation and amortization Accelerated depreciation expense associated with station equipment removal Impairment of goodwill Stock-based compensation Loss from SAFE S.p.A. and Rimere equity method investments Loss from change in fair value of derivative instruments Amazon warrant charges Adjusted EBITDA attributable to fuel distribution (in thousands) 2025 Outlook Net loss attributable to RNG upstream* Depreciation and amortization from RNG upstream Interest expense from RNG upstream Interest income from RNG upstream Amortization of investment tax credit from RNG equity method investments Adjusted EBITDA attributable to RNG upstream * RNG upstream combines net loss from RNG equity method investments attributable to Clean Energy and the results of RNG production projects owned by Clean Energy Today's Conference Call The Company will host an investor conference call today at 4:30 p.m. Eastern time (1:30 p.m. Pacific). Investors interested in participating in the live call can dial 1.833.316.2483 from the U.S. (Conference ID: CLEAN) and international callers can dial 1.785.838.9284 (Conference ID: CLEAN). A telephone replay will be available approximately three hours after the call concludes through Sunday September 7, 2025, by dialing 1.844.512.2921 from the U.S., or 1.412.317.6671 from international locations, and entering Replay Pin Number 11159663. There also will be a simultaneous, live webcast available on the Investor Relations section of the Company's web site at www.cleanenergyfuels.com , which will be available for replay for 30 days. About Clean Energy Fuels Corp. Clean Energy Fuels Corp. is the country's largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (“RNG”), a sustainable fuel derived from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada. Visit www.cleanenergyfuels.com and follow @ce_renewables on X (formerly known as Twitter Non-GAAP Financial Measures To supplement the Company's unaudited consolidated financial statements presented in accordance with GAAP, the Company uses non-GAAP financial measures that it calls non-GAAP income (loss) per share (“non-GAAP income (loss) per share”) and adjusted EBITDA (“Adjusted EBITDA”). Management presents non-GAAP income (loss) per share and Adjusted EBITDA because it believes these measures provide meaningful supplemental information about the Company's performance for the following reasons: (1) they allow for greater transparency with respect to key metrics used by management to assess the Company's operating performance and make financial and operational decisions; (2) they exclude the effect of items that management believes are not directly attributable to the Company's core operating performance and may obscure trends in the business; and (3) they are used by institutional investors and the analyst community to help analyze the Company's business. In future quarters, the Company may adjust for other expenditures, charges or gains to present non-GAAP financial measures that the Company's management believes are indicative of the Company's core operating performance. Non-GAAP financial measures are limited as an analytical tool and should not be considered in isolation from, or as a substitute for, the Company's GAAP results. The Company expects to continue reporting non-GAAP financial measures, adjusting for the items described below (and/or other items that may arise in the future as the Company's management deems appropriate), and the Company expects to continue to incur expenses, charges or gains like the non-GAAP adjustments described below. Accordingly, unless expressly stated otherwise, the exclusion of these and other similar items in the presentation of non-GAAP financial measures should not be construed as an inference that these costs are unusual, infrequent, or non-recurring. Non-GAAP income (loss) per share and Adjusted EBITDA are not recognized terms under GAAP and do not purport to be an alternative to GAAP income (loss), GAAP income (loss) per share or any other GAAP measure as an indicator of operating performance. Moreover, because not all companies use identical measures and calculations, the Company's presentation of non-GAAP income (loss) per share and Adjusted EBITDA may not be comparable to other similarly titled measures used by other companies. Non-GAAP Income (Loss) Per Share Non-GAAP income (loss) per share, which the Company presents as a non-GAAP measure of its performance, is defined as net income (loss) attributable to Clean Energy Fuels Corp plus Amazon warrant charges, plus stock-based compensation expense, plus the accelerated depreciation expense from the abandonment of certain LNG station assets located at 55 Pilot Flying J locations, plus (minus) loss (income) from Rimere equity method investment, plus (minus) loss (income) from the SAFE S.p.A. equity method investment, plus (minus) any loss (gain) from changes in the fair value of derivative instruments, plus one-off, non-cash charge to Goodwill and minus amortization of investment tax credit from RNG equity method investments, the total of which is divided by the Company's weighted-average common shares outstanding on a diluted basis. The Company's management believes excluding non-cash expenses related to the Amazon warrant charges provides useful information to investors regarding the Company's performance because the Amazon warrant charges are measured based upon a fair value determined using a variety of assumptions and estimates, and the Amazon warrant charges do not affect the Company's operating cash flows related to the delivery and sale of vehicle fuel to its customer. The Company's management believes excluding non-cash expenses related to stock-based compensation provides useful information to investors regarding the Company's performance because of the varying available valuation methodologies, the volatility of the expense (which depends on market forces outside of management's control), the subjectivity of the assumptions and the variety of award types that a company can use, which may obscure trends in a company's core operating performance. In addition, the Company's management believes excluding the results from the Rimere equity method investment is useful to investors because Rimere is an investment belonging to the non-core operations of the Company, and its results are not indicative of the Company's ongoing operations. Similarly, the Company's management believes excluding the non-cash results from the SAFE S.p.A. equity method investment is useful to investors because these charges are not part of or representative of the core operations of the Company. In addition, the Company's management believes excluding the non-cash loss (gain) from changes in the fair value of derivative instruments is useful to investors because the valuation of the derivative instruments is based on a number of subjective assumptions, the amount of the loss or gain is derived from market forces outside of management's control, and the exclusion of these amounts enables investors to compare the Company's performance with other companies that do not use, or use different forms of, derivative instruments. Furthermore, the Company's management believes excluding other income relating to the amortization of investment tax credit from RNG equity method investments is useful to investors because such income is not generated from the core operations of the Company and may obscure trends of the Company's core operations. Adjusted EBITDA Adjusted EBITDA, which the Company presents as a non-GAAP measure of its performance, is defined as net income (loss) attributable to Clean Energy Fuels Corp plus (minus) income tax expense (benefit), plus interest expense (including any losses from the extinguishment of debt), minus interest income, plus depreciation and amortization expense, plus the accelerated depreciation expense from the abandonment of certain LNG station assets located at 55 Pilot Flying J locations, plus one-off, non-cash charge to Goodwill plus Amazon warrant charges, plus stock-based compensation expense, plus (minus) loss (income) from the Rimere equity method investment, plus (minus) loss (income) from the SAFE S.p.A. equity method investment, plus (minus) any loss (gain) from changes in the fair value of derivative instruments, plus depreciation and amortization expense from RNG equity method investments, plus interest expense from RNG equity method investments, minus interest income from RNG equity method investments, and minus amortization of investment tax credit from RNG equity method investments. The Company's management believes Adjusted EBITDA provides useful information to investors regarding the Company's performance for the same reasons discussed above with respect to non-GAAP income (loss) per share. In addition, management internally uses Adjusted EBITDA to determine elements of executive and employee compensation. Safe Harbor Statement This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements about, among other things, our fiscal 2025 outlook, our volume growth, customer expansion, production sources, joint ventures, governmental regulations, expectations regarding the X15N engine, and the benefits of our fuels. Forward-looking statements are statements other than historical facts and relate to future events or circumstances or the Company's future performance, and are based on the Company's current assumptions, expectations and beliefs concerning future developments and their potential effect on the Company and its business. As a result, actual results, performance or achievements and the timing of events could differ materially from those anticipated in or implied by these forward-looking statements as a result of many factors including, among others: the willingness of fleets and other consumers to adopt natural gas as a vehicle fuel, and the rate and level of any such adoption; the market's perception of the benefits of RNG and conventional natural gas relative to other alternative vehicle fuels; natural gas vehicle and engine cost, fuel usage, availability, quality, safety, convenience, design, performance and residual value, as well as operator perception with respect to these factors, in general and in the Company's key customer markets, including heavy-duty trucking; the Company's ability to further develop and manage its RNG business, including its ability to procure adequate supplies of RNG and generate revenues from sales of such RNG; the Company and its suppliers' ability to successfully develop and operate projects and produce expected volumes of RNG; the impact of a bankruptcy or failure of any source owners at our projects; the Company's dependence on the production of vehicles and engines by manufacturers over which the Company has no control; the long and variable development cycle required to secure ADG RNG from new projects; the potential commercial viability, solvency, financial capacity, and operational capability of livestock waste and dairy farm projects to produce RNG; the Company's history of net losses and the possibility that the Company could incur additional net losses in the future; the Company's and its partners' ability to acquire , finance, construct and develop other commercial projects; the Company's ability to invest in hydrogen stations or modify its fueling stations to reform its RNG to fuel hydrogen and charge electric vehicles; the future supply, demand, use and prices of crude oil, gasoline, diesel, natural gas, and other vehicle fuels, including overall levels of and volatility in these factors; changes in the competitive environment in which we operate, including potentially increasing competition in the market for vehicle fuels generally; the Company's ability to manage and increase its business of transporting and selling CNG for non-vehicle purposes via virtual natural gas pipelines and interconnects, as well as its station design and construction activities; construction, permitting and other factors that could cause delays or other problems at station construction projects; the Company's ability to procure and maintain contracts with government entities; the Company's ability to execute and realize the intended benefits of any acquisitions, divestitures, investments or other strategic relationships or transactions; significant fluctuations in the Company's results of operations, which make it difficult to predict future results of operations; the Company's warranty reserves may not adequately cover its warranty obligations; a future pandemic, epidemic or other infectious disease outbreak; the future availability of and the Company's access to additional capital, which may include debt or equity financing, in the amounts and at the times needed to fund growth in the Company's business and the repayment of its debt obligations (whether at or before their due dates) or other expenditures, as well as the terms and other effects of any such capital raising transaction; the Company's ability to generate sufficient cash flows to repay its debt obligations as they come due; the availability of environmental, tax and other government legislation, regulations, programs and incentives that promote natural gas, such as AFTC, or other alternatives as a vehicle fuel, including long-standing support for gasoline- and diesel-powered vehicles and growing support for electric and hydrogen-powered vehicles that could result in programs or incentives that favor these or other vehicles or vehicle fuels over natural gas; the Company's ability to comply with various registration and regulatory requirements related to its RNG projects; the effect of, or potential for changes to greenhouse gas emissions requirements or other environmental regulations applicable to vehicles powered by gasoline, diesel, natural gas or other vehicle fuels and crude oil and natural gas fueling, drilling, production, transportation or use; the Company's ability to manage the health, safety and environmental risks inherent in its operations; the Company's compliance with all applicable government and environmental regulations; the impact of the foregoing on the trading price of the Company's common stock; the interests of the Company's significant stockholders may differ from the Company's other stockholders; the Company's ability to protect against any material failure, inadequacy, interruption or security failure of its information technology; and general political, regulatory, economic and market conditions. The forward-looking statements made in this press release speak only as of the date of this press release and the Company undertakes no obligation to update publicly such forward-looking statements to reflect subsequent events or circumstances, except as otherwise required by law. The Company's periodic reports filed with the Securities and Exchange Commission ( www.sec.gov ), including its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 that the Company expects to file with the Securities and Exchange Commission on or about August 7, 2025, contain additional information about these and other risk factors that may cause actual results to differ materially from the forward-looking statements contained in this press release, and such risk factors may be amended, supplemented or superseded from time to time by other reports the Company files with the Securities and Exchange Commission. Clean Energy Fuels Corp. and Subsidiaries Condensed Consolidated Balance Sheets (In thousands, except share and per share data; Unaudited) December 31, June 30, Assets Current assets: Cash, cash equivalents and restricted cash Short-term investments Accounts receivable, net of allowance of $1,965 and $2,173 as of December 31, 2024 and June 30, 2025, respectively Other receivables Inventory Notes receivable - related party Prepaid expenses and other current assets Total current assets Operating lease right-of-use assets Land, property and equipment, net Notes receivable and other long-term assets, net Investments in other entities Goodwill — Intangible assets, net Total assets Liabilities and Stockholders' Equity Current liabilities: Current portion of debt Current portion of finance lease obligations Current portion of operating lease obligations Accounts payable Accrued liabilities Deferred revenue Total current liabilities Long-term portion of debt Long-term portion of finance lease obligations Long-term portion of operating lease obligations Other long-term liabilities Total liabilities Commitments and contingencies Stockholders' equity: Preferred stock, $0.0001 par value. 1,000,000 shares authorized; no shares issued and outstanding — — Common stock, $0.0001 par value. 454,000,000 shares authorized; 223,456,994 shares and 219,187,208 shares issued and outstanding as of December 31, 2024 and June 30, 2025, respectively Additional paid-in capital Accumulated deficit Accumulated other comprehensive loss Total Clean Energy Fuels Corp. stockholders' equity Noncontrolling interest in subsidiary Total stockholders' equity Total liabilities and stockholders' equity Clean Energy Fuels Corp. and Subsidiaries Condensed Consolidated Statements of Operations (In thousands, except share and per share data; Unaudited) Three Months Ended Six Months Ended June 30, June 30, Revenue: Product revenue Service revenue Total revenue Operating expenses: Cost of sales (exclusive of depreciation and amortization shown separately below): Product cost of sales Service cost of sales Selling, general and administrative Depreciation and amortization Impairment of goodwill — — — Total operating expenses Operating loss Interest expense Interest income Other income, net Loss from equity method investments Loss before income taxes Income tax (expense) benefit Net loss Loss attributable to noncontrolling interest Net loss attributable to Clean Energy Fuels Corp. Net loss attributable to Clean Energy Fuels Corp. per share: Basic and diluted Weighted-average common shares outstanding: Basic and diluted View source version on businesswire.com https://www.businesswire.com/news/home/20250806354131/en/ Media Contact: Gary Foster Gary.Foster@cleanenergyfuels.com Investor Contact: Thomas Driscoll Thomas.Driscoll@cleanenergyfuels.com Source: Clean Energy Fuels Corp.
  Content Reference URL	None

• Publisher

  Publisher Name	StreetInsider (#2459)
  Publisher URL	https://www.streetinsider.com
  Description	None
  Trust Flow Score	26
  Citation Flow Score	46

• Data Source

  Data Source Name	Quantexa News (#5)
  Data Source Type	news
  Data Source URL	https://app.aylien.com/dashboard
  Description	Welcome to Quantexa News API — the most powerful way to aggregate, filter, and integrate global news data into your apps and models.
  Weight	10