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Clean Energy Fuels (CLNE) guidance and outlook

Clean Energy Fuels (CLNE) raised its guidance on Nov 5, 2026: EBITDA $75.0M–$80.0M for FY2026; Net income $44.0M for FY2026. Clean Energy Fuels' 10-Q filed Nov 5, 2026 makes 60 forward-looking statements.

Guidance and outlook

Latest guidance

From the earnings release filed Nov 5, 2026 (8-K on EDGAR).

Forward-looking statements, 10-Q filed Nov 5, 2026

• As a clean energy solutions provider, we supply RNG (sourced from third party sources and from our anaerobic digester gas (“ADG”) RNG joint venture projects with TotalEnergies S.E. and BP Products North America, Inc.
• The following table summarizes the production volumes from our RNG project portfolio for the three and nine months ended September 30, 2025, and 2026
• Our estimated production may not reflect actual production from the projects, which depends on many variables including, but not limited to: (i) quantity and quality of the manure; (ii) operational up-time of the facility; and (iii) actual productivity of the facility .
• The RNG Projects under the Company’s joint development agreement (the “Maas JDA”) with Maas Energy Works, LLC (“Maas”) are currently under construction.
• In September 2026, the Company’s consolidated RNG project, completed the sale of $26.0 million of ITCs and $0.8 million of 2025 Section 45Z PTCs for gross consideration of $24.3 million.
• The PTC was generated by the Company’s consolidated RNG project and from amounts realized by RNG suppliers.
• The Company’s ultimate benefit from Section 45Z will continue to depend on qualifying production volumes, credit eligibility, emissions rates, prevailing market conditions and future implementation guidance.
• See the description of the key trends in our past performance and anticipated future trends included in the MD&A contained in our 2025 Form 10-K.
• For example, to date, adoption and deployment of natural gas vehicles, both in general and in certain of our key customer markets, including heavy-duty trucking, have been slower than we anticipated.
• The decrease was primarily due to $12.7 million in PTCs from the Company’s consolidated RNG project (upstream) business and from our share realized by our RNG suppliers and a decrease in station construction costs partially offset by increased volumes of vehicles fueling.
• Income tax expense and/or benefit is primarily related to deferred taxes associated with goodwill in the prior year, and the Company’s expected state tax expense.
• Company’s consolidated RNG project (upstream) business and from our share realized by our RNG suppliers partially offset by increased volumes of vehicle fueling at our stations and increase in station construction costs.

Clean Energy Fuels' latest quarter

Questions

Did Clean Energy Fuels raise or lower its guidance?

Clean Energy Fuels (CLNE) raised its guidance on Nov 5, 2026: EBITDA $75.0M–$80.0M for FY2026; Net income $44.0M for FY2026.

What does Clean Energy Fuels expect?

As a clean energy solutions provider, we supply RNG (sourced from third party sources and from our anaerobic digester gas (“ADG”) RNG joint venture projects with TotalEnergies S.E. and BP Products North America, Inc. The following table summarizes the production volumes from our RNG project portfolio for the three and nine months ended September 30, 2025, and 2026 Our estimated production may not reflect actual production from the projects, which depends on many variables including, but not limited to: (i) quantity and quality of the manure; (ii) operational up-time of the facility; and (iii)

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.