Filing Flows › Clean Energy Fuels (CLNE) › Q1 2026
Clean Energy Fuels (CLNE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Clean Energy Fuels (CLNE) reported revenue of $118M for the first quarter 2026 (Q1 2026), +13% from a year earlier and +5% from the quarter before. Operating margin was -2.5%, net loss $12.5M (10.7% of revenue).
Clean Energy Fuels, Q1 2026: revenue $118M (+13% year over year), operating margin -2.5%, net loss $12.5M, operating cash flow −$8.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $118M | +5% | +13% |
| Operating profit | −$2.9M | — | — |
| Net earnings | −$12.5M | — | — |
| Operating cash flow | −$8.4M | -164% | -136% |
What changed
Revenue was $117.6M in Q1 2026, up 13% year over year and up 5% from the previous quarter. Fuel Sales was the largest line at 68% of revenue. RIN Credits added $4.9M year over year (up 95%), 36% of the total change. Other services declined 31%.
Operating costs exceeded revenue by $2.9M, an operating margin of -2.5%. Total costs fell 48% while revenue rose 13%. The quarter ended with a net loss of $12.5M, narrower than the previous quarter's $43.2M loss. Net interest and other expense of $9.6M was the main reason.
Operating cash flow was −$8.4M. Non-cash charges added back $11.0M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $8.9M. Capital expenditures of $6.9M exceeded it, leaving free cash flow of −$15.3M.
Questions
What was Clean Energy Fuels' revenue in the first quarter 2026?
Clean Energy Fuels (CLNE) reported revenue of $118M for the first quarter 2026 (Q1 2026), +13% from a year earlier and +5% from the quarter before.
Was Clean Energy Fuels profitable in the first quarter 2026?
Operating loss was $2.9M (-2.5% of revenue) and net loss $12.5M.
Source: Clean Energy Fuels 10-Q on SEC EDGAR.