Clean Energy Fuels Corp. reported a total revenue of $424.8 million for the fiscal year ending December 31, 2025, a slight increase from $415.9 million in 2024. The company's product revenue, which includes sales of renewable natural gas (RNG) and conventional natural gas, rose to $365.5 million, up from $356.7 million the previous year. However, the company experienced a significant net loss of $222 million, compared to a loss of $83.1 million in 2024. This increase in losses was primarily attributed to a $64.3 million goodwill impairment charge and higher depreciation and amortization expenses, which surged to $98.6 million from $44.7 million in 2024.
In terms of operational metrics, Clean Energy Fuels reported that RNG sales accounted for 88% of its vehicle fuel sales in 2025, reflecting a strategic shift towards renewable energy solutions. The company served over 1,200 fleet customers operating more than 65,000 vehicles, with total fuel volume sold reaching 300.1 million gasoline gallon equivalents (GGEs), a modest increase from 297.5 million GGEs in 2024. The company also expanded its fueling station network, operating 582 stations in the U.S. and 27 in Canada as of December 31, 2025.
Strategically, Clean Energy Fuels has made significant investments in joint ventures to enhance its RNG production capabilities. The company has partnered with TotalEnergies and BP to develop anaerobic digester gas (ADG) RNG production facilities, with a total investment of approximately $400 million planned for these projects. In 2025, the company launched its South Fork Dairy RNG facility, expected to produce 2.6 million GGEs annually. Additionally, the company made a $1.5 million investment in Pioneer Clean Fleet Solutions to support the adoption of low-carbon fleet solutions.
Looking ahead, Clean Energy Fuels anticipates continued growth in the RNG market, driven by increasing demand for cleaner transportation fuels and supportive regulatory frameworks. The company aims to achieve 100% RNG sales across its fueling infrastructure and is focused on expanding its RNG supply through new projects and partnerships. However, the company also faces challenges, including fluctuating commodity prices, competition from alternative fuels, and regulatory uncertainties that could impact its growth trajectory.
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.
About 10-K Filings
A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.
Key points about the 10-K:
- Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
-
Content: It includes:
- Detailed financial statements audited by an independent accounting firm
- Management's Discussion and Analysis (MD&A) of financial condition and results
- Description of the company's business, properties, and legal proceedings
- Risk factors and market risks
- Executive compensation and corporate governance information
- Importance: Considered the most comprehensive and important document a public company files with the SEC.
- Length: Often exceeds 100 pages due to its extensive and detailed nature.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.