Filing Flows › Clean Energy Fuels (CLNE) › Q2 2025
Clean Energy Fuels (CLNE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Clean Energy Fuels (CLNE) reported revenue of $103M for the second quarter 2025 (Q2 2025), +5% from a year earlier and -1% from the quarter before. Operating margin was -9.0%, net loss $20.4M (19.9% of revenue).
Clean Energy Fuels, Q2 2025: revenue $103M (+5% year over year), operating margin -9.0%, net loss $20.4M, operating cash flow $35.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $103M | -1% | +5% |
| Operating profit | −$9.2M | — | — |
| Net earnings | −$20.4M | — | — |
| Operating cash flow | $35.9M | +53% | +91% |
| Free cash flow | $30.9M | +94% | +541% |
What changed
Revenue was $102.6M in Q2 2025, up 5% year over year and down 1% from the previous quarter. Fuel Sales was the largest line at 66% of revenue. Fuel Sales added $10.5M year over year (up 18%), 225% of the total change. LCFS Credits declined 37%.
Operating costs exceeded revenue by $9.2M, an operating margin of -9.0%. Total costs grew 8% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+12%). The quarter ended with a net loss of $20.4M, narrower than the previous quarter's $135.0M loss. Minority interests bore $168K of it: to shareholders the quarter was a loss of $20.2M. Net interest and other expense of $11.1M was the main reason.
Operating cash flow was $35.9M (up 91% year over year). Non-cash charges added back $10.0M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items added $43.9M. Capital expenditures of $5.0M left free cash flow of $30.9M.
Questions
What was Clean Energy Fuels' revenue in the second quarter 2025?
Clean Energy Fuels (CLNE) reported revenue of $103M for the second quarter 2025 (Q2 2025), +5% from a year earlier and -1% from the quarter before.
Was Clean Energy Fuels profitable in the second quarter 2025?
Operating loss was $9.2M (-9.0% of revenue) and net loss $20.4M.
Source: Clean Energy Fuels 10-Q on SEC EDGAR.