Clean Energy Fuels Corp. reported its financial results for the second quarter and first half of 2026, revealing a total revenue of $106.4 million for the three months ended June 30, 2026, a 3.4% increase from $102.6 million in the same period of 2025. For the first half of 2026, revenue rose to $223.9 million, compared to $206.4 million in the prior year. The increase in revenue was primarily driven by higher product revenue, which reached $91.1 million in Q2 2026, up from $87.1 million in Q2 2025, and $194.0 million for the first half of 2026, compared to $177.4 million in the same period of 2025.
Despite the revenue growth, Clean Energy Fuels Corp. reported a net loss of $14.9 million for the second quarter of 2026, an improvement from a net loss of $20.2 million in the same quarter of 2025. The loss attributable to the company for the first half of 2026 was $27.3 million, significantly reduced from $155.2 million in the first half of 2025, which included a substantial goodwill impairment of $64.3 million recognized in the prior year. The company’s operating loss also decreased to $5.1 million in Q2 2026 from $9.2 million in Q2 2025, reflecting improved operational efficiency.
Operationally, Clean Energy Fuels Corp. served over 900 fleet customers operating more than 50,000 vehicles as of June 30, 2026. The company continues to expand its geographic footprint, operating over 570 fueling stations across 43 states and the District of Columbia, along with 27 stations in Canada. The company’s strategic initiatives include a joint development agreement with Tourmaline Oil Corp. to build a network of CNG stations in Western Canada, which is expected to enhance its market presence in the region.
The company’s financial position showed a decrease in cash and cash equivalents, totaling $59.2 million as of June 30, 2026, down from $157.8 million at the end of 2025. This decline was attributed to increased cash used in investing activities, which amounted to $116.1 million in the first half of 2026, primarily due to capital contributions for RNG projects and investments in short-term securities. Looking ahead, Clean Energy Fuels Corp. anticipates continued growth in RNG adoption and is committed to expanding its infrastructure and service offerings, while also monitoring market conditions and potential risks associated with inflation and interest rates.
About Clean Energy Fuels Corp.
Clean Energy Fuels Corp. is a leading provider of renewable natural gas (RNG) and natural gas fuels for transportation in North America. It develops, owns, and operates RNG production projects, fueling stations, and offers maintenance, engineering, and equipment sales. Serving heavy-duty trucking, transit, refuse, airports, and industrial markets, the company leverages environmental credits and innovative solutions to promote low-carbon transportation and sustainability.
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