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MARKETS / NASDAQ / CLNE
NASDAQ · GAS & OTHER SERVICES COMBINED · MID CAP

Clean Energy Fuels Corp. CLNE

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$424.8M
▲ 2.2% YoY
$-222.0M
$59.9M
In brief

What this company does

Clean Energy Fuels Corp. is a renewable energy company focused on the procurement and distribution of renewable natural gas and conventional natural gas, in the form of compressed natural gas and liquefied natural gas, for the United States and Canadian transportation markets. It also designs and builds, as well as operates and maintains, public and private vehicle fueling stations in the U.S. and Canada; transports and sells RNG and conventional natural gas via virtual natural gas pipelines and interconnects; sells federal, state and local government Environmental Credits it generates by selling RNG as a vehicle fuel; and obtains federal, state and local tax credits, grants and incentives. As of December 31, 2025, it delivered RNG to the transportation market through 582 fueling stations it owns, operates or supplies in 43 states and the District of Columbia, including over 200 stations in California, and it also owns, operates, or supplies 27 fueling stations in Canada. As of December 31, 2025, it served over 1,200 fleet customers operating over 65,000 vehicles on its fuels. As of December 31, 2025, it employed 503 people. Sales of its RNG for use as a vehicle fuel increased from 13.0 million gasoline gallon equivalents in 2013 to 237.4 million gasoline gallon equivalents in 2025. It has participated in the alternative vehicle fuels industry for over 28 years.

Written from the business description in CLEAN ENERGY FUELS CORP.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth
USD 424.8M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 424.8 · Net income -222.0
200M400M-80M-160M200920112013201520172019202120232025
Compound annual growth
+0.4%
+7.8%
+1.0%
+4.7%
+9.0%
−11.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +7.8% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−52 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -37.6% · Net -52.4%
-20%-40%200920112013201520172019202120232025
ROE
FY2025 · ROE -34.9%
1%2%3%-10%-20%-30%200920112013201520172019202120232025

Each USD of equity lost 35 cents this year.

Cash & shareholders
USD 7.9M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 59.9
20M40M-80M-160M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 7.9
5M10M202020212022202320242025

USD 7.9M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 1.1B
EquityUSD 559.4M
CashUSD 155.6M
Gross debtUSD 226.8M
Net debtUSD 71.2M
Current ratio2.32×

Net debt stands at 13% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.40.40.40.40.30.30.30.30.30.40.40.40.40.30.30.20.1
Operating income $B−0.2−0.0−0.1−0.1−0.1−0.00.00.0−0.1−0.0−0.0−0.1−0.1−0.1−0.0−0.0−0.0
EBITDA $B−0.10.0−0.00.0−0.00.00.10.1−0.10.00.0−0.0−0.0−0.0−0.00.0−0.0
Income tax $B−0.00.0−0.00.00.00.00.00.0−0.00.00.00.00.00.0−0.0−0.00.0
Net income $B−0.2−0.1−0.1−0.1−0.1−0.00.0−0.0−0.1−0.0−0.1−0.1−0.1−0.1−0.0−0.0−0.0
Free cash flow $B0.1−0.0−0.10.00.00.0−0.00.0−0.00.0−0.1−0.2−0.1−0.2−0.1−0.1−0.0
EPS, diluted $−1.01−0.37−0.45−0.26−0.44−0.050.10−0.02−0.53−0.10−1.47−0.96−0.71−1.16−0.68−0.04−0.60
Dividend / sh $·················
Payout %·················
ROE %−34.9−11.5−13.8−8.0−14.8−1.93.9−0.8−17.7········
Shares out B0.220.220.220.220.220.200.200.200.150.150.090.090.090.090.090.07·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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Provenance
Company facts, as filed
How we verify · 0 failures in 66 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 20 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityGas & Other Services Combined
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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