CLNE News & Events

Clean Energy Fuels has announced a slew of deals with trucking, refuse, and transit fleets nationwide. The agreements span renewable natural gas, or RNG, fueling infrastructure and RNG supply, representing the continued growth of clean fuel adoption across multiple sectors. Clean Energy has extended its partnership with Ecology Transportation Services, one of Southern California's largest adopters of RNG for trucking. The agreement will supply Ecology's fleet of 150 RNG vehicles with an estimated 2.1M gallons of RNG annually. The trucks will fuel at Clean Energy stations across California, Arizona, and Nevada. Clean Energy's long-term partner Recology, one of the largest waste haulers in the western U.S., is expanding its commitment to RNG with upgrades to its fueling station in Seattle and a newly completed station in Snohomish, WA. Clean Energy will provide operations and maintenance services for both sites, supporting Recology's growth in the greater Seattle region. Clean Energy continues to partner with WM, providing operations and maintenance services for more than 85 WM RNG stations across the U.S. and Canada, helping to keep 8,000 of WM's RNG-powered refuse trucks on the road. Washington Metropolitan Area Transit Authority, or WMATA, has extended its relationship with Clean Energy, awarding a new operations and maintenance contract to support its natural gas bus fleet. The agreement covers five million gallons of fuel to support over 400 buses which will serve the local community. Clean Energy has provided services for WMATA stations for over a decade, and the transit agency recently commissioned two new natural gas stations to serve its fleet. Clean Energy has signed an operations and maintenance agreement with ABM Facility Services to maintain three transit bus fueling stations for the City of Phoenix. Clean Energy has maintained the sites since 2016, which supply RNG to 335 natural gas buses, dispensing approximately 4.7M gallons of fuel annually. Clean Energy will begin providing RNG to 78 Arlington Transit, or ART, buses in Virginia, totaling approximately 750,000 gallons annually. ART selected Clean Energy through a competitive process for RNG supply to support its GHG emissions reduction goals. Clean Energy will continue to provide repair and maintenance services to ART. The City of Scottsdale has extended its maintenance contract with Clean Energy to continue supporting 49 of its refuse vehicles with approximately 441,000 gallons of fuel each year. The city has long utilized natural gas vehicles for its waste operations, demonstrating its commitment to cleaner municipal services. Clean Energy will continue to operate and maintain Nashville International Airport's natural gas station under a new agreement to provide 63 shuttle buses and fleet vehicles with approximately 350,000 gallons of fuel annually. Since designing and building their fueling site in 2016, Clean Energy has helped the airport move towards cleaner ground transportation aligned with the airport's sustainability goals. The City of Fort Smith in Arkansas has signed an RNG supply agreement to fuel its refuse trucks. Clean Energy built the city's RNG station in 2021 and continues to maintain the site since commissioning.

Reports Q4 revenue $112.32M, consensus $101.02M. "Considering the rather volatile market, especially in the transportation sector, we are very pleased to end 2025 in a strong position with our operating results coming in slightly better than expected. This is a testament to Clean Energy's leadership position in the alternative fuel space and the product that we offer - RNG - being seen as the most viable, affordable, and ready-now clean fuel solution for fleets. 2025 saw significant retreats by other alternative solutions, but the number of transit buses, refuse trucks and heavy-duty trucks operating on RNG all grew throughout the year, resulting in the increase in our gallons sold. We were able to prudently deleverage our strong balance sheet using available cash and investments, positioning us well going into 2026. These strong results and an optimistic outlook are due to the talented team at Clean Energy and their dedication to providing a cleaner way forward in the heavy-duty vehicle market."

Clean Energy reports Q4 adjusted EPS 2c, consensus (4c)

Clean Energy Fuels completed its renewable natural gas facility located at South Fork Dairy in Dimmitt, Texas. The facility is now producing pipeline-quality RNG and has begun injecting into the interstate natural gas pipeline. Now one of the largest RNG production plants in the country, South Fork is home to a herd of 17,500 dairy cows and has the capability to produce approximately 2.6 million gallons of low-carbon RNG annually. The facility will process up to 300,000 gallons of dairy manure each day utilizing the four anaerobic digesters on-site, along with manure processing and advanced gas conversion equipment. The RNG produced is injected directly into an on-site gas line. Financed entirely by Clean Energy, the project broke ground in July 2024 and totaled $85M. Clean Energy will receive 100 percent of the RNG fuel produced at South Fork Dairy.