Clean Energy Fuels Q2 revenue rises but misses estimates

Clean Energy Fuels

06/08/2026 21:44

Overview
U.S. renewable natural gas provider's Q2 revenue rose yr/yr but missed analyst expectations
Adjusted loss per share for Q2 met analyst expectations; adjusted net loss beat estimates
Q2 adjusted EBITDA declined and missed analyst expectations

Outlook
Clean Energy expects 2026 GAAP net loss between $71 mln and $66 mln
Company estimates 2026 Adjusted EBITDA of $70 mln to $75 mln
Company says changes in diesel and natural gas markets could affect 2026 results

Result Drivers
FUEL VOLUME GROWTH - Co said increased sales of RNG and conventional natural gas drove higher fuel volumes yr/yr
STATION CONSTRUCTION REVENUE - Co reported higher station construction revenue in Q2 2026 vs Q2 2025
RIN AND LCFS CREDIT GROWTH - Co said increased RIN and LCFS revenues were driven by higher prices, volumes, and expanded dairy RNG production

Company press release: ID:nBw9Hsp6Fa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$106.40 mln
$111.93 mln (6 Analysts)
Q2 Adjusted Loss Per Share
Meet
$0.01
$0.01 (5 Analysts)
Q2 Loss Per Share
 
$0.07
 
Q2 Net Loss
 
$14.85 mln
 
Q2 Adjusted EBITDA
Miss
$16.002 mln
$17.51 mln (7 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"
Wall Street's median 12-month price target for Clean Energy Fuels Corp. is $4.00, about 112.8% above its August 5 closing price of $1.88

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)