Clean Energy Fuels (CLNE) Fell by Almost 10% This Week. Here is Why

Core Viewpoint - Clean Energy Fuels Corp. (NASDAQ:CLNE) experienced a significant decline in share price, attributed to its Q4 2025 financial results, despite beating Wall Street estimates [1][3]. Financial Performance - The company reported a net loss of $43 million for Q4 2025, compared to a net loss of $30.1 million in Q4 2024, marking an increase in losses [3]. - For the full year 2025, the net loss attributable to the company rose by 167% year-over-year to $222 million, influenced by non-cash interest charges related to debt paydown and the expiration of a delayed draw loan [3]. - Adjusted EBITDA for FY 2025 decreased by almost 12% year-over-year to $67.6 million, although it surpassed the upper limit of the company's guidance of $65 million [4]. Sales and Forecast - The company's renewable natural gas (RNG) sales for FY 2025 reached 237.4 million gallons, showing a slight increase compared to 2024 [4]. - For FY 2026, Clean Energy Fuels forecasts revenue between $420 million and $440 million, with a GAAP net loss projected between $66 million and $71 million [5]. - The company anticipates adjusted EBITDA in the range of $70 million to $75 million and aims for RNG deliveries of 250 million gallons in 2026, with total fuel volumes expected to be around 324 million gallons [5].