Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-33480 CLEAN ENERGY FUELS CORP. (Exact name of registrant as specified in its charter) Delaware 33-0968580 ( ...

Financial Data and Key Metrics Changes - The company reported revenues of approximately $60 million for Q2 2020, a decrease of 17% compared to the same quarter in 2019 [11][27] - Adjusted EBITDA for the quarter was $9.2 million, an improvement over the previous year's second quarter [11][30] - The company ended the quarter with $96 million in cash and investments and only $37 million in debt [11][24] - GAAP net loss for Q2 2020 was $6.7 million, compared to a loss of $5.4 million in the same period last year [30] Business Line Data and Key Metrics Changes - Total volumes were approximately 90 million gallons, down 10% year-over-year, primarily due to declines in public transit and airport sectors [10][26] - The refuse business grew during the pandemic, with contracts signed representing approximately 2.2 million gallons annually [14][15] - Redeem volumes for Q2 were 36 million gallons, down from 38.9 million gallons in Q2 2019, mainly due to lower volumes in California [26] Market Data and Key Metrics Changes - The company experienced a decline in CNG volumes in transit and airport fleet services, with year-over-year declines between 25% and 45% [26] - The refuse and trucking sectors saw gains of 2% to 7% year-over-year [26] - The effective price per gallon delivered was $0.58 in Q2 2020, down from $0.66 in Q2 2019, driven by lower natural gas costs [28] Company Strategy and Development Direction - The company is focused on expanding its customer base and increasing the use of Redeem renewable natural gas [9][13] - A significant contract was signed with the New York City Metropolitan Transit Authority to operate 800 buses with Redeem, converting over 8.3 million gallons from regular CNG to renewable CNG [15][16] - The company is optimistic about the future of natural gas fueling, seeing a renewed interest from municipalities and transit authorities [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the business despite the pandemic, noting a strong underlying recurring business and a healthy balance sheet [12][24] - The company anticipates slower volume growth in the third and fourth quarters due to the prolonged nature of COVID-19 [24][25] - Management highlighted the importance of ESG investing and the potential for increased adoption of natural gas as a cleaner alternative to diesel [12][22] Other Important Information - The company has not taken any government assistance due to the coronavirus pandemic [12] - The Zero Now Financing program continues to show results, with new partnerships and increased interest from trucking firms [21][22] Q&A Session Summary Question: Thoughts on trucking growth breakdown - Management noted that UPS has ramped up usage, contributing to growth, along with increased interest in the Zero Now program and new truck orders [32][33] Question: Potential for Chevron partnership expansion - Management indicated that Chevron sees significant potential in the biomethane space and is making substantial investments, which could lead to program expansion [37][41] Question: Recovery in municipal transit fleets - Management observed a slight recovery in transit volume but noted that overall demand remains down due to fewer people commuting [55][57] Question: Impact of Advanced Truck rule in California - Management criticized the rule for not considering the air quality benefits of cleaner fuels and expressed concerns about the focus on electrification over other alternatives [61][63]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-33480 CLEAN ENERGY FUELS CORP. (Exact name of registrant as specified in its charter) Delaware 33-0968580 (State ...

Clean Energy Fuels Corp. (NASDAQ:CLNE) Q1 2020 Results Earnings Conference Call May 7, 2020 4:30 PM ET Company Participants Robert Vreeland - Chief Financial Officer Andrew Littlefair - President and Chief Executive Officer Conference Call Participants Eric Stine - Craig-Hallum Capital Robert Brown - Lake Street Partners, LLC Muhammad Ghulam - Raymond James Operator Greetings. And welcome to the Clean Energy Fuels First Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-on ...

Revenue Performance - The company reported total revenue of $86.0 million for the three months ended March 31, 2020, compared to $77.7 million for the same period in 2019, representing an increase of 10.6%[98] - Revenue increased by $8.3 million to $86.0 million in Q1 2020, compared to $77.7 million in Q1 2019, primarily due to favorable changes in fair value of commodity swaps and customer contracts[112] - Volume-related revenue from fuel sales and performance of O&M services decreased to $63.6 million in Q1 2020 from $69.5 million in Q1 2019, a decline of 8.5%[98] - Volume-related revenue decreased by $10.1 million, attributed to a lower effective price per gallon delivered and decreased revenue from RINs and LCFS Credits, despite an increase in gallons delivered[115] Financial Position - The company maintained cash and cash equivalents of $99.3 million as of March 31, 2020, ensuring sufficient liquidity during the COVID-19 pandemic[96] - As of March 31, 2020, the company had total cash and cash equivalents of $99.3 million, down from $106.1 million as of December 31, 2019[123] - Total indebtedness was approximately $91.4 million as of March 31, 2020, with expected interest payment obligations of approximately $4.8 million in 2020[121] - The company may need to raise additional capital to fund planned or unanticipated expenditures, which could include selling assets or restructuring existing debt[123] Impact of COVID-19 - The estimated negative volume effect of COVID-19 from mid-March to the end of March 2020 was approximately 3.0 million gallons compared to January 2020 volumes[94] - The company expects a possible negative effect of approximately $11 million on net operating results if volume declines continue through June 2020[96] - The anticipated capital expenditures for 2020 have been reduced to $14 million for core business and $2 million for NG Advantage due to COVID-19[96] - Capital expenditures for 2020 were reduced to $14.0 million from an original estimate of $18.0 million due to COVID-19 impacts[121] Operational Highlights - The company served over 1,000 fleet customers operating more than 48,000 natural gas vehicles as of March 31, 2020[93] - The company operates approximately 550 natural gas fueling stations across 41 states in the U.S. and four provinces in Canada[93] - The company has implemented enhanced cleaning protocols and health screenings for employees to ensure safety during the pandemic[94] Profitability Metrics - The net loss attributable to Clean Energy Fuels Corp. was $(10.9) million for the three months ended March 31, 2020, compared to a net income of $20.4 million for the year ended December 31, 2018[100] - The company recorded a net income of $0.9 million in Q1 2020, compared to a net loss of $14.3 million in Q1 2019[112] - Selling, general and administrative expenses decreased by $0.2 million to $18.3 million in Q1 2020, reflecting ongoing cost reduction efforts[115] Cost and Pricing - Effective price per gallon charged decreased by $0.14 to $0.70 in Q1 2020 from $0.84 in Q1 2019[115] - Cost of sales decreased by $5.9 million to $52.9 million in Q1 2020, primarily due to lower natural gas commodity costs[115] - Natural gas costs represented $94.0 million of the company's cost of sales in 2019 and $22.0 million for the three months ended March 31, 2020[129] Investments and Capital Management - The company utilized $7.5 million of its $30.0 million share repurchase program by April 30, 2020, purchasing 4,668,231 shares[105] - The controlling interest in NG Advantage increased to 93.3% following the conversion of a convertible note into common units[105] - The company has outstanding surety bonds totaling $30.0 million for construction contracts and general corporate purposes as of March 31, 2020[124] Market Risks - The company is exposed to market risks related to commodity prices and foreign currency exchange rates, with a potential fluctuation of approximately $0.2 million if exchange rates change by 10%[131] - If the diesel-to-natural gas price spread fluctuates by 10%, the fair value of the company's commodity swap contracts would change by approximately $5.1 million[129] - The company has entered into commodity swap contracts to manage risks related to the diesel-to-natural gas price spread, effective from April 1, 2019 to June 30, 2024[129] Revenue from Environmental Credits - Revenue from Renewable Identification Numbers (RINs) and Low Carbon Fuel Standard (LCFS) credits was estimated to be lower by approximately $3.6 million and $0.5 million, respectively, for the three months ended March 31, 2020, due to declining market prices[105]

Clean Energy Fuels Corp. (NASDAQ:CLNE) Q4 2019 Earnings Conference Call March 10, 2020 4:30 PM ET Company Participants Robert Vreeland - Chief Financial Officer Andrew Littlefair - President and Chief Executive Officer Conference Call Participants Eric Stine - Craig-Hallum Capital Group LLC Rob Brown - Lake Street Capital Markets, LLC Pavel Molchanov - Raymond James & Associates, Inc. Operator Greetings, and welcome to the Clean Energy Fuels Fourth Quarter 2019 Earnings Conference Call. At this time, all pa ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001‑33480 CLEAN ENERGY FUELS CORP. (Exact name of registrant as specified in its charter) Delaware 33‑0968580 (State or other jurisdiction of incorpora ...

Clean Energy Fuels Corp. (NASDAQ:CLNE) Q3 2019 Earnings Conference Call November 12, 2019 8:30 AM ET Company Participants Robert Vreeland – Chief Financial Officer Andrew Littlefair – President and Chief Executive Officer Conference Call Participants Aaron Spychalla – Craig-Hallum Rob Brown – Lake Street Capital Markets Muhammed Ghulam – Raymond James Operator Greetings, welcome to Clean Energy Fuels Third Quarter 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. A que ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 Commission File Number: 001-33480 CLEAN ENERGY FUELS CORP. (Exact name of registrant as specified in its charter) Delaware 33-0968580 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 4675 MacArthur Court, Suite 800, Newport B ...

Clean Energy Fuels Corp. (NASDAQ:CLNE) Q2 2019 Results Earnings Conference Call August 8, 2019 4:30 PM ET Company Participants Bob Vreeland - Chief Financial Officer Andrew Littlefair - President and Chief Executive Officer Conference Call Participants Eric Stein - Craig-Hallum Rob Rowe - Lake Street Capital Markets Pavel Molchanov - Raymond James Operator Greetings and welcome to Clean Energy Fuels Second Quarter 2019 Earnings Conference Call. At this time, all participants are in listen-only mode. A quest ...