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Clean Energy Fuels (CLNE) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Clean Energy Fuels (CLNE) Q3 2026 earnings results →
Q3 2026 Revenue up 6% year over year to $112M · 2¢ of every $1 of revenue lost · operating margin 0.9%
Clean Energy Fuels made $112M in Q3 2026 (+6% Y/Y): Product $96.3M, Service $15.6M, Other services $476K. Operating margin 0.9%, net loss $1.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $112.2M in Q3 2026, up 6% year over year and up 5% from the previous quarter. Fuel Sales was the largest line at 66% of revenue. Fuel Sales added $4.2M year over year (up 6%), 69% of the total change. Station construction sales declined 37%.
Operating profit was $1.0M, a 0.9% margin (up 13.7 points year over year). Total costs fell 7% while revenue rose 6%. The fastest-growing cost line was SG&A (+13%). The quarter ended with a net loss of $1.9M, narrower than the previous quarter's $15.0M loss. Net interest and other expense of $2.8M was the main reason.
Operating cash flow was $36.2M (up 176% year over year). Non-cash charges added back $10.6M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items added $25.2M. Capital expenditures of $7.8M left free cash flow of $28.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $112M | +6% | 0.9% | −$1.9M | $36.2M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $106M | +4% | -4.8% | −$15.0M | $28.8M |
| Q1 2026 | 10-Q | May 7, 2026 | $118M | +13% | -2.5% | −$12.5M | −$8.4M |
| Q4 2025 | 10-K | Feb 24, 2026 | $112M | +3% | -9.5% | −$43.2M | $13.1M |
| Q3 2025 | 10-Q | Nov 4, 2025 | $106M | +1% | -12.8% | −$24.0M | $13.1M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $103M | +5% | -9.0% | −$20.4M | $35.9M |
| Q1 2025 | 10-Q | May 8, 2025 | $104M | +0.1% | -121.7% | −$135M | $23.4M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Clean Energy Fuels
Clean Energy Fuels Corp., a Delaware corporation, is a leading renewable energy company focused on the procurement and distribution of renewable natural gas (“RNG”) and conventional natural gas, in the form of compressed natural gas (“CNG”) and liquefied natural gas (“LNG”), for the United States (“U.S.”) and Canadian transportation markets. RNG, which is delivered as either CNG or LNG, is created by the recovery and processing of naturally occurring, environmentally detrimental waste methane (“biogas”) from non-fossil fuel sources—such as dairy and other livestock waste and landfills—for environmentally beneficial use as a replacement for fossil-based transportation fuels at an affordable price. Methane is one of the most potent climate-harming greenhouse gases (“GHG”) with a comparative impact on global warming that is about 28 times more powerful than that of carbon dioxide.
In its own words, from its 10-K, filed Feb 24, 2026.
Clean Energy Fuels against its Gas & Other Services Combined peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +6% against the peers' median +4%. Operating margin: 0.9% against the peers' median -0.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CLNE Clean Energy Fuels | Q3 2026 | $112M | +6% | 0.9% |
| SRE Sempra | Q3 2026 | $3.2B | +1% | 35.3% |
| UGI UGI | Q3 FY26 | $1.3B | -4% | -3.3% |
| OPAL Opal Fuels | Q2 2026 | $83.4M | +4% | -3.6% |
| MNTK Montauk Renewables | Q2 2026 | $54.0M | +20% | -0.1% |
Source: Clean Energy Fuels 10-Q on SEC EDGAR · CIK 1368265 · Gas & Other Services Combined
Guidance and outlook
13F: who owns CLNE and who is buying
More on CLNE
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results