Clean Energy Fuels Corp. Q3 2025 Earnings Recap

Clean Energy Fuels reported solid Q3 2025 results, achieving $106 million in revenue and $17 million in adjusted EBITDA, while reaffirming its strong financial outlook for the year.

Key Takeaways

• Revenue increased to $106 million, driven by the sale of 61 million gallons of renewable natural gas (RNG).
• Adjusted EBITDA stood at $17 million, in line with management's raised guidance for 2025.
• Clean Energy secured contracts for hydrogen fueling stations, expanding its long-term partnerships and supporting the transition towards cleaner fuels.
• The company is strategically tapping into the heavy-duty trucking sector, emphasizing RNG's cost advantages and environmental benefits over diesel.
• Initial operations began at two major dairy RNG projects, enhancing Clean Energy's production capacity and sustainability profile.