Clean Energy Fuels ( (CLNE) ) has released its Q1 earnings. Here is a breakdown of the information Clean Energy Fuels presented to its investors.
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Clean Energy Fuels Corp. is a leading provider of renewable natural gas (RNG) for the transportation sector, focusing on reducing greenhouse gas emissions through its extensive network of fueling stations across the U.S. and Canada. The company recently reported its financial results for the first quarter of 2025, showing a stable revenue of $103.8 million, slightly up from the previous year, despite a significant net loss of $135 million due to non-cash charges including a goodwill write-down and accelerated depreciation expenses.
The company’s adjusted EBITDA improved to $17.1 million from $12.8 million in the same quarter last year, indicating a positive operational performance. However, the RNG gallons sold decreased by 12.8% due to adverse weather conditions, impacting supply. Clean Energy also executed new RNG supply agreements with transit agencies in several states, highlighting its strategic focus on expanding its customer base.
Despite the challenges, Clean Energy maintained a strong cash position with $226.6 million in cash and short-term investments. The company resumed its share repurchase program, with $26.1 million remaining for future repurchases. The management remains optimistic about the adoption of RNG in the heavy-duty trucking market, supported by the introduction of the Cummins X15N engine.
Looking ahead, Clean Energy Fuels Corp. anticipates a GAAP net loss for 2025 ranging from $220 million to $225 million, with an adjusted EBITDA between $50 million and $55 million. The company is focused on increasing RNG volumes and accommodating new technologies to enhance its market position in the sustainable fuel industry.