Q4 2025 Clean Energy Fuels Corp Earnings Call Transcript
Key Points
- Clean Energy Fuels Corp (CLNE) reported strong financial results for Q4 2025, exceeding the high end of their guidance range.
- The company successfully repaid $65 million of debt, reducing future interest expenses and maintaining ample cash for growth initiatives.
- Significant milestones were achieved in the RNG business, including the completion of the South Fork Dairy project, the largest operating RNG project in their portfolio.
- The company began injecting gas in the East Valley dairy project, marking another major accomplishment in their RNG portfolio.
- Clean Energy Fuels Corp (CLNE) expects continued growth in RNG volumes and improved financial performance in 2026, with an adjusted EBITDA range of $70 to $75 million.
- The GAAP loss for 2025 was $222 million, slightly higher than expected due to non-cash interest charges.
- Heavy-duty truck adoption of the Cummins X15N engine was slower than anticipated in 2025, affecting growth in that segment.
- The company faced a slight shortfall in RNG delivery targets due to extreme weather conditions in Q1 2025.
- SG&A expenses in Q4 2025 were approximately $4 million above the normal run rate due to one-off personnel and station exit costs.
- The narrowing spreads between diesel and CNG could potentially elongate the payback period for fleet cost savings, posing a risk to growth outlook.
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Hello and welcome everyone joining today's Clean Energy fuels 4th quarter 2025 earnings conference call.
At this time, all participants are in a listen-only mode. Later you will have the opportunity to ask questions during the question-and-answer session.
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Please note this call is being recorded.
We are standing by if you should need any assistance. It is now my pleasure to turn the meeting over to Chief Financial Officer Robert Vreeland. Please go ahead.
Thank you operator. Earlier this afternoon, Clean Energy released financial results for the fourth quarter and year ending December 31st, 2025. If you did not receive the release
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