Filing Flows › Clean Energy Fuels (CLNE) › How it makes money
How Clean Energy Fuels (CLNE) makes money
Clean Energy Fuels (CLNE) made $112M of revenue in the third quarter 2026 (Q3 2026), +5% from a year earlier. Product brought in $96.3M (86%); Service brought in $15.6M (14%); Other services brought in $476K (0%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Product | $96.3M | 85.7% | +5% | +6% |
| ↳ Fuel Sales | $74.0M | 65.9% | +21% | +6% |
| ↳ RIN Credits | $11.2M | 10.0% | +9% | +34% |
| ↳ Station construction sales | $6.2M | 5.6% | -61% | -37% |
| ↳ LCFS Credits | $4.8M | 4.3% | +21% | +53% |
| Service | $15.6M | 13.9% | +2% | +2% |
| Other services | $476K | 0.4% | +3% | -26% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $112M | 100.0% |
| Income tax | $77K | 0.1% |
| Operating cash flow | $36.2M | 32.2% |
| Free cash flow | $28.4M | 25.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $112M | +6% |
| Q2 2026 | $106M | +4% |
| Q1 2026 | $118M | +13% |
| Q4 2025 | $112M | +3% |
| Q3 2025 | $106M | +1% |
| Q2 2025 | $103M | +5% |
| Q1 2025 | $104M | +0.1% |
From Clean Energy Fuels' 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Clean Energy Fuels make money?
Clean Energy Fuels (CLNE) made $112M of revenue in the third quarter 2026 (Q3 2026), +5% from a year earlier. Product brought in $96.3M (86%); Service brought in $15.6M (14%); Other services brought in $476K (0%).
What is Clean Energy Fuels' biggest business?
Product: $96.3M in the third quarter 2026, 86% of revenue, +6% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.