Filing Flows › Clean Energy Fuels (CLNE) › Q1 2025
Clean Energy Fuels (CLNE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Clean Energy Fuels (CLNE) reported revenue of $104M for the first quarter 2025 (Q1 2025), +0.1% from a year earlier. Operating margin was -121.7%, net loss $135M (130.1% of revenue).
Clean Energy Fuels, Q1 2025: revenue $104M (+0.1% year over year), operating margin -121.7%, net loss $135M, operating cash flow $23.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $104M | — | +0.1% |
| Operating profit | −$126M | — | — |
| Net earnings | −$135M | — | — |
| Operating cash flow | $23.4M | — | +805% |
| Free cash flow | $15.9M | — | — |
What changed
Revenue was $103.8M in Q1 2025, roughly flat year over year. Fuel Sales was the largest line at 74% of revenue. Fuel Sales added $8.1M year over year (up 12%), 14707% of the total change. RIN Credits declined 41%.
Operating costs exceeded revenue by $126.3M, an operating margin of -121.7%. Total costs grew 104% against flat revenue. The fastest-growing cost line was Other operating costs (+133%). The quarter ended with a net loss of $135.0M.
Operating cash flow was $23.4M (up 805% year over year). Non-cash charges added back $62.3M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items added $94.4M. Capital expenditures of $7.5M left free cash flow of $15.9M.
Questions
What was Clean Energy Fuels' revenue in the first quarter 2025?
Clean Energy Fuels (CLNE) reported revenue of $104M for the first quarter 2025 (Q1 2025), +0.1% from a year earlier.
Was Clean Energy Fuels profitable in the first quarter 2025?
Operating loss was $126M (-121.7% of revenue) and net loss $135M.
Source: Clean Energy Fuels 10-Q on SEC EDGAR.