Revenue: As of FY2026 Q2, the actual value is USD 106.36 M, beating the estimate of USD 104.72 M.

EPS: As of FY2026 Q2, the actual value is USD -0.07, beating the estimate of USD -0.0762.

EBIT: As of FY2026 Q2, the actual value is USD -9.402 M.

Clean Energy Fuels Corp. announced its financial results for the second quarter and six months ended June 30, 2026.

Revenue

Total revenue for Q2 2026 was $106.4 million, compared to $102.6 million in Q2 2025. For the six months ended June 30, 2026, total revenue was $223.9 million, up from $206.4 million in the same period of 2025.Product revenue in Q2 2026 was $91.1 million, compared to $87.1 million in Q2 2025. For the six months ended June 30, 2026, product revenue was $194.0 million, compared to $177.4 million in the prior year period.Service revenue in Q2 2026 was $15.3 million, a slight decrease from $15.5 million in Q2 2025. For the six months ended June 30, 2026, service revenue was $29.9 million, compared to $29.0 million in the same period of 2025.Fuel sales revenue was $61.1 million in Q2 2026, down from $67.9 million in Q2 2025. For the six months ended June 30, 2026, fuel sales were $140.7 million, compared to $144.2 million in the prior year period.Station construction sales significantly increased to $16.0 million in Q2 2026 from $7.8 million in Q2 2025. For the six months ended June 30, 2026, station construction sales were $24.3 million, up from $13.4 million in the same period of 2025.RIN Credits revenue was $10.3 million in Q2 2026, up from $9.2 million in Q2 2025. LCFS Credits revenue was $3.9 million in Q2 2026, up from $2.7 million in Q2 2025.For the six months ended June 30, 2026, RIN Credits revenue was $20.3 million, compared to $14.4 million in the prior year period, and LCFS Credits revenue was $8.3 million, compared to $6.5 million.

Net Loss

Net loss attributable to Clean Energy Fuels Corp. for Q2 2026 was - $14.9 million, or - $0.07 per share, improving from - $20.2 million, or - $0.09 per share, in Q2 2025. For the six months ended June 30, 2026, net loss attributable to Clean Energy Fuels Corp. was - $27.3 million, or - $0.12 per share, a significant improvement from - $155.2 million, or - $0.70 per share, in the same period of 2025.

Adjusted EBITDA

Adjusted EBITDA for Q2 2026 was $16.0 million, compared to $17.5 million for Q2 2025. For the six months ended June 30, 2026, Adjusted EBITDA was $32.6 million, compared to $34.6 million for the same period of 2025.Adjusted EBITDA attributable to fuel distribution was $16.6 million in Q2 2026, down from $21.3 million in Q2 2025. For the six months ended June 30, 2026, it was $36.0 million, compared to $41.4 million in the prior year period.Adjusted EBITDA of RNG upstream was - $0.6 million in Q2 2026, an improvement from - $3.8 million in Q2 2025. For the six months ended June 30, 2026, it was - $3.5 million, compared to - $6.8 million in the prior year period.

Cash and Investments

Cash, Cash Equivalents (less restricted cash) and Short-Term Investments totaled $138.0 million as of June 30, 2026, compared to $156.1 million as of December 31, 2025.

Operational Metrics (Fuel Volume)

RNG gallons sold were 63.2 million gallons in Q2 2026, a 2.9% increase compared to 61.4 million gallons in Q2 2025. For the six months ended June 30, 2026, RNG gallons sold increased to 130.6 million, from 112.0 million in the same period of 2025.Conventional natural gas gallons sold increased to 18.6 million GGEs in Q2 2026 from 14.9 million GGEs in Q2 2025. For the six months ended June 30, 2026, conventional natural gas gallons sold were 35.9 million GGEs, up from 31.0 million GGEs in the prior year period.Total fuel volume sold was 81.8 million GGEs in Q2 2026, up from 76.3 million GGEs in Q2 2025. For the six months ended June 30, 2026, total fuel volume was 166.5 million GGEs, compared to 143.0 million GGEs in the same period of 2025.

Outlook / Guidance

For 2026, Clean Energy Fuels Corp. anticipates a GAAP net loss ranging from approximately - $71 million to - $66 million. Adjusted EBITDA for 2026 is projected to be between $70 million and $75 million. These projections exclude unrealized gains or losses on customer contracts related to the truck financing program and include estimated Amazon warrant charges of approximately $47 million.