Clean Energy Fuels Corp. (CLNE)
Clean Energy Fuels Corp. offers natural gas as alternative fuels for vehicle fleets and related fueling solutions in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and provides operation and maintenance services for public and private vehicle fleet customer stations. The company also designs, builds, operates, and maintains vehicle fueling stations; and sells and services compressors and other equipment that are used in RNG production and fueling stations. In addition, it transports and sells CNG, RNG, and LNG through virtual natural gas pipelines and interconnects; sells U.S. federal, state, and local government credits, such as RNG as a vehicle fuel, including Renewable Identification Numbers and Low Carbon Fuel Standards credits; and obtains federal, state, and local credits, grants, and incentives. Further, the company focuses on developing, owning, and operating dairy and other livestock waste RNG projects. It serves heavy-duty trucking, airports, refuse, public transit, industrial, and institutional energy users, as well as government fleets. The company was incorporated in 2001 and is headquartered in Newport Beach, California.
- Symbol
- CLNE
- Exchange
- Nasdaq
- Sector
- Energy
- Industry
- Oil & Gas Refining & Marketing
- Market cap
- $356.98M
- 52 week range
- 1.54 - 3.11
Valuation
- Share price
- $1.62 (close of 2026-09-23)
- P/E (TTM)
- -3.60x
- Price to book
- 0.64x
- Price to free cash flow
- 15.62x
- Enterprise value
- $541.57M
- Book value per share
- $2.54
Price performance
| Period | Change |
|---|
| 1 day | -5.81% |
| 5 days | -6.36% |
| 1 month | 0.00% |
| 3 months | -6.36% |
| 6 months | -26.70% |
| Year to date | -22.86% |
| 1 year | -39.10% |
| 3 years | -59.40% |
| 5 years | -80.76% |
| 10 years | -62.32% |
| All time | -86.54% |
Profitability and growth
- Return on equity
- -39.29%
- Return on invested capital
- -21.38%
- Return on assets
- -21.01%
- Return on capital employed
- -17.65%
- Net margin
- -52.26%
- EBITDA margin
- -14.42%
- Revenue growth
- 2.16%
- Net income growth
- -167.27%
- Free cash flow growth
- 14418.18%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 6.40%
- Current ratio
- 2.48x
- Net debt to EBITDA
- 87.15x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $424.83M
- EBITDA
- $-61.26M
- Net income
- $-222.02M
- Earnings per share
- $-1.01
- Shares outstanding
- 220.65M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $424.83M | - | $-222.02M | $-1.01 |
| 2024-12-31 | $415.87M | $75.48M | $-83.07M | $-0.37 |
| 2023-12-31 | $425.16M | $35.87M | $-99.50M | $-0.45 |
| 2022-12-31 | $420.16M | $57.75M | $-58.73M | $-0.26 |
| 2021-12-31 | $255.65M | - | $-93.15M | $-0.44 |
| 2020-12-31 | $291.72M | $58.67M | $-9.86M | $-0.05 |
| 2019-12-31 | $344.06M | $83.37M | $20.42M | $0.10 |
| 2018-12-31 | $346.42M | $81.10M | $-3.79M | $-0.02 |
| 2017-12-31 | $341.60M | $125.19M | $-79.24M | $-0.53 |
| 2016-12-31 | $402.66M | $172.70M | $-13.72M | $-0.10 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | - | -52.26% | -39.29% | -21.38% |
| 2024-12-31 | 18.15% | -19.98% | -11.55% | -4.19% |
| 2023-12-31 | 8.44% | -23.40% | -13.56% | -9.14% |
| 2022-12-31 | 13.74% | -13.98% | -8.07% | -7.77% |
| 2021-12-31 | - | -36.44% | -12.33% | -15.62% |
| 2020-12-31 | 20.11% | -3.38% | -1.89% | -1.97% |
| 2019-12-31 | 24.23% | 5.94% | 3.76% | 1.62% |
| 2018-12-31 | 23.41% | -1.09% | -0.72% | 0.66% |
| 2017-12-31 | 36.65% | -23.20% | -17.62% | -48.70% |
| 2016-12-31 | 42.89% | -3.41% | -2.78% | -4.59% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $156.14M | $226.73M |
| 2024-12-31 | $217.48M | $265.33M |
| 2023-12-31 | $263.13M | $261.12M |
| 2022-12-31 | $263.52M | $145.47M |
| 2021-12-31 | $229.17M | $23.21M |
| 2020-12-31 | $138.50M | $82.09M |
| 2019-12-31 | $106.14M | $32.87M |
| 2018-12-31 | $95.49M | $75.00M |
| 2017-12-31 | $177.54M | - |
| 2016-12-31 | $109.84M | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $59.85M | $8.87M |
| 2024-12-31 | $-418.00K | $10.80M |
| 2023-12-31 | $-57.16M | $23.34M |
| 2022-12-31 | $22.21M | $26.47M |
| 2021-12-31 | $18.22M | $14.99M |
| 2020-12-31 | $47.77M | $2.96M |
| 2019-12-31 | $-14.81M | $3.88M |
| 2018-12-31 | $12.72M | $5.31M |
| 2017-12-31 | $-40.62M | $8.12M |
| 2016-12-31 | $22.65M | $8.09M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-03
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-06 | Jun/2026 | - |
| 2026-05-07 | - | - |
| 2026-02-24 | - | - |
| 2025-11-04 | - | - |
| 2025-08-07 | - | - |
| 2025-05-08 | - | - |
| 2025-02-25 | - | - |
| 2025-02-24 | - | - |
Filings and sources
- Company website
- cleanenergyfuels.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
Similar companies
Valero Energy Corp (VLO) · Phillips 66 (PSX) · ConocoPhillips (COP) · Occidental Petroleum Corp (OXY) · Devon Energy Corp (DVN) · EQT Corp (EQT) · APA Corp (APA) · SLB Limited (SLB)
All Energy companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
Explore
Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades