Clean Energy Reports Q4 Adjusted EPS of 2 Cents
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2026
0mins
Should l Buy CLNE?
Clean Energy reports Q4 adjusted EPS 2c, consensus (4c)
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Analyst Views on CLNE
Wall Street analysts forecast CLNE stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 2.580
Low
4.00
Averages
4.00
High
4.00
Current: 2.580
Low
4.00
Averages
4.00
High
4.00
About CLNE
Clean Energy Fuels Corp. is a renewable energy company. The Company is engaged in the business of selling renewable and conventional natural gas as alternative fuels for vehicle fleets and related fueling solutions to its customers, primarily in the United States (U.S.) and Canada. Its principal business is supplying renewable natural gas (RNG) and conventional natural gas, in the form of compressed natural gas (CNG) and liquefied natural gas (LNG), for medium and heavy-duty vehicles and providing operation and maintenance (O&M) services to public and private vehicle fleet customer stations. The Company is also focused on developing, owning, and operating dairy and other livestock waste RNG projects and supplying RNG (procured from third party sources and from its anaerobic digester gas RNG joint venture project with TotalEnergies S.E.) to its customers in the heavy and medium-duty commercial transportation sector.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Surge in Oil Prices Amid Rising Geopolitical Tensions in the Middle East
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- Strong Market Reaction: The threats against Iranian oil wells have boosted investor confidence in the potential revenue and profitability of the energy sector, despite ongoing geopolitical risks, indicating a robust response to oil price fluctuations.
- Calumet's Strong Performance: Calumet's stock has risen 80% since the beginning of the year, reaching a new 52-week high at $35.18, suggesting optimistic market expectations for its future growth and profitability.
- Emerging Investment Opportunities: The volatility in oil prices has created buying opportunities for high-quality stocks, particularly for companies like HighPeak Energy (HPK) and Riley Exploration Permian (REPX), which saw increases of 7.2% and 3%, respectively.
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- Oil Prices Climb: Oil prices continued to rise even as President Trump extended the deadline for Iran to reopen the Strait of Hormuz by ten days, reflecting market anxiety over global oil supply risks and enhancing the outlook for oil and gas producers.
- Clean Energy Fuels Volatility: Clean Energy Fuels saw an 8.1% increase in its stock price, despite experiencing 40 moves greater than 5% in the past year, suggesting that while the market reacted strongly to the news, it did not fundamentally alter perceptions of the company's business.
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- Infrastructure Upgrades: Recology is upgrading its fueling station in Seattle and has completed a new site, with Clean Energy providing operations and maintenance services to support growth in the greater Seattle area, further solidifying its market position in the waste management sector.
- Transit Service Contract: The Washington Metropolitan Area Transit Authority has awarded Clean Energy a new contract to supply five million gallons of natural gas for over 400 buses, demonstrating Clean Energy's ongoing influence and long-term partnerships in the public transportation sector.
- New Market Development: Clean Energy will supply approximately 750,000 gallons of RNG annually to 78 Arlington Transit buses in Virginia, aiding the city in achieving its greenhouse gas emissions reduction goals and further expanding its market share in public transit.
See More
Clean Energy Fuels Corp. Signs Multiple RNG Agreements
- Agreement Expansion: Clean Energy Fuels Corp. has extended its partnership with Ecology Transportation Services to supply 2.1 million gallons of RNG annually for its fleet of 150 RNG trucks, significantly enhancing operational efficiency across California, Arizona, and Nevada.
- Waste Management Collaboration: The long-term partnership with Recology is strengthened as Clean Energy upgrades fueling stations in Seattle and provides operations and maintenance services, supporting growth in the greater Seattle area and solidifying its market position in waste management.
- Public Transit Support: The Washington Metropolitan Area Transit Authority has awarded Clean Energy a new contract to supply five million gallons of natural gas for over 400 buses, reflecting Clean Energy's ongoing influence in the public transportation sector.
- New Market Development: Clean Energy will supply approximately 750,000 gallons of RNG annually to 78 Arlington Transit buses in Virginia, aiding the city in achieving its greenhouse gas emissions reduction goals and showcasing its expansion potential in new markets.
See More
Clean Energy Fuels Corp. Q4 2025 Earnings Call Highlights
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- Significant Project Progress: The South Fork Dairy RNG project has successfully come online, becoming the largest operating project in the company's portfolio, marking a crucial milestone in RNG production, while the East Valley Dairy project has commenced gas injection, further driving growth.
- Optimistic Financial Outlook: The company expects revenues for 2026 to range from $420 million to $440 million, with a GAAP net loss projected between $71 million and $66 million, and adjusted EBITDA anticipated between $70 million and $75 million, reflecting confidence in future financial improvements.
- Cost Control Strategy: Although SG&A expenses rose by approximately $4 million in Q4 due to one-off costs, they are expected to decrease by 10% in 2026, as the company continues to focus on cost control and operational efficiency to navigate market competition and policy changes.
See More
Clean Energy Fuels Finishes Construction of Renewable Natural Gas Plant in Texas
- Company Announcement: Clean Energy Fuels (CLNE) has begun injecting renewable natural gas from its new facility.
- Focus on Sustainability: This initiative highlights the company's commitment to sustainable energy solutions.
See More
Surge in Oil Prices Amid Rising Geopolitical Tensions in the Middle East
- Oil Price Surge: Brent crude prices have surged to historic highs due to rising geopolitical tensions in the Middle East, leading to a 9.3% increase in stocks like Calumet (CLMT), reflecting strong market confidence in energy stocks.
- Strong Market Reaction: The threats against Iranian oil wells have boosted investor confidence in the potential revenue and profitability of the energy sector, despite ongoing geopolitical risks, indicating a robust response to oil price fluctuations.
- Calumet's Strong Performance: Calumet's stock has risen 80% since the beginning of the year, reaching a new 52-week high at $35.18, suggesting optimistic market expectations for its future growth and profitability.
- Emerging Investment Opportunities: The volatility in oil prices has created buying opportunities for high-quality stocks, particularly for companies like HighPeak Energy (HPK) and Riley Exploration Permian (REPX), which saw increases of 7.2% and 3%, respectively.
See More
Middle East Tensions Drive Energy Stocks Higher
- Energy Stock Rally: Energy stocks surged in the afternoon session due to escalating geopolitical tensions in the Middle East, with Borr Drilling's shares rising 3.6%, indicating increased investor interest in energy companies amid supply concerns.
- Oil Prices Climb: Oil prices continued to rise even as President Trump extended the deadline for Iran to reopen the Strait of Hormuz by ten days, reflecting market anxiety over global oil supply risks and enhancing the outlook for oil and gas producers.
- Clean Energy Fuels Volatility: Clean Energy Fuels saw an 8.1% increase in its stock price, despite experiencing 40 moves greater than 5% in the past year, suggesting that while the market reacted strongly to the news, it did not fundamentally alter perceptions of the company's business.
- Long-Term Investment Challenges: Although Clean Energy Fuels has gained 18.3% year-to-date, its current price of $2.56 per share remains 16.5% below its 52-week high of $3.06, indicating significant challenges for long-term investors who would see their $1,000 investment from five years ago reduced to just $199.92.
See More
Clean Energy Fuels Corp. Signs Multiple RNG Agreements
- Agreement Expansion: Clean Energy Fuels Corp. has extended its partnership with Ecology Transportation Services to supply 2.1 million gallons of RNG annually for its fleet of 150 RNG trucks, significantly enhancing sustainable transportation capabilities in Southern California.
- Infrastructure Upgrades: Recology is upgrading its fueling station in Seattle and has completed a new site, with Clean Energy providing operations and maintenance services to support growth in the greater Seattle area, further solidifying its market position in the waste management sector.
- Transit Service Contract: The Washington Metropolitan Area Transit Authority has awarded Clean Energy a new contract to supply five million gallons of natural gas for over 400 buses, demonstrating Clean Energy's ongoing influence and long-term partnerships in the public transportation sector.
- New Market Development: Clean Energy will supply approximately 750,000 gallons of RNG annually to 78 Arlington Transit buses in Virginia, aiding the city in achieving its greenhouse gas emissions reduction goals and further expanding its market share in public transit.
See More
Clean Energy Fuels Corp. Signs Multiple RNG Agreements
- Agreement Expansion: Clean Energy Fuels Corp. has extended its partnership with Ecology Transportation Services to supply 2.1 million gallons of RNG annually for its fleet of 150 RNG trucks, significantly enhancing operational efficiency across California, Arizona, and Nevada.
- Waste Management Collaboration: The long-term partnership with Recology is strengthened as Clean Energy upgrades fueling stations in Seattle and provides operations and maintenance services, supporting growth in the greater Seattle area and solidifying its market position in waste management.
- Public Transit Support: The Washington Metropolitan Area Transit Authority has awarded Clean Energy a new contract to supply five million gallons of natural gas for over 400 buses, reflecting Clean Energy's ongoing influence in the public transportation sector.
- New Market Development: Clean Energy will supply approximately 750,000 gallons of RNG annually to 78 Arlington Transit buses in Virginia, aiding the city in achieving its greenhouse gas emissions reduction goals and showcasing its expansion potential in new markets.
See More
Clean Energy Fuels Corp. Q4 2025 Earnings Call Highlights
- Performance Exceeds Expectations: Clean Energy Fuels delivered 237.4 million gallons of RNG in Q4 2025, achieving 97% of its target despite weather-related shortfalls in Q1, demonstrating strong performance in fuel operations and indicating continued growth into 2026.
- Significant Project Progress: The South Fork Dairy RNG project has successfully come online, becoming the largest operating project in the company's portfolio, marking a crucial milestone in RNG production, while the East Valley Dairy project has commenced gas injection, further driving growth.
- Optimistic Financial Outlook: The company expects revenues for 2026 to range from $420 million to $440 million, with a GAAP net loss projected between $71 million and $66 million, and adjusted EBITDA anticipated between $70 million and $75 million, reflecting confidence in future financial improvements.
- Cost Control Strategy: Although SG&A expenses rose by approximately $4 million in Q4 due to one-off costs, they are expected to decrease by 10% in 2026, as the company continues to focus on cost control and operational efficiency to navigate market competition and policy changes.
See More
Clean Energy Fuels Finishes Construction of Renewable Natural Gas Plant in Texas
- Company Announcement: Clean Energy Fuels (CLNE) has begun injecting renewable natural gas from its new facility.
- Focus on Sustainability: This initiative highlights the company's commitment to sustainable energy solutions.
See More
