Clean Energy Fuels Q1 revenue up 13%, beats estimates on higher RNG demand amid elevated fuel prices

Clean Energy Fuels

07/05/2026 21:48

Overview

U.S. RNG supplier's Q1 revenue rose 13% yr/yr, beating analyst expectations

Q1 adjusted net income and adjusted EBITDA both beat analyst expectations

RNG gallons sold rose 33% yr/yr; new Idaho dairy RNG project placed into service

Outlook

Clean Energy expects 2026 GAAP net loss of $71 mln to $66 mln

Company estimates 2026 Adjusted EBITDA between $70 mln and $75 mln

Company says elevated oil and diesel prices are driving customer interest in RNG

Result Drivers

RNG VOLUME GROWTH - RNG gallons sold rose 33% yr/yr, driven by increased production and new projects coming online

CREDIT REVENUE INCREASE - Higher RIN and LCFS credit revenues contributed to overall revenue growth

OIL PRICE TAILWINDS - Elevated oil and diesel prices supported demand for RNG as fleets sought less volatile fuel options

Company press release: ID:nBw3j8D1xa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$117.60 mln
$97.85 mln (4 Analysts)
Q1 EPS
-$0.06
Q1 Adjusted Net Income
Beat
-$1.60 mln
-$8.85 mln (4 Analysts)
Q1 Net Income
-$12.41 mln
Q1 Adjusted EBITDA
Beat
$16.57 mln
$13.79 mln (6 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "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 78.6% above its May 6 closing price of $2.24

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.)