Business Summary: Clean Energy Fuels Corp. is a renewable energy company. The Company is engaged in the business of selling renewable and conventional natural gas as alternative fuels for vehicle fleets and related fueling solutions to its customers, primarily in the United States (U.S.) and Canada. Its principal business is supplying renewable natural gas (RNG) and conventional natural gas, in the form of compressed natural gas (CNG) and liquefied natural gas (LNG), for medium and heavy-duty vehicles and providing operation and maintenance (O&M) services to public and private vehicle fleet customer stations. The Company is also focused on developing, owning, and operating dairy and other livestock waste RNG projects and supplying RNG (procured from third party sources and from its anaerobic digester gas RNG joint venture project with TotalEnergies S.E.) to its customers in the heavy and medium-duty commercial transportation sector.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2024, Clean Energy Fuels Corp revenues decreased 2% to $415.9M. Net loss decreased 17% to $83.1M. Revenues reflect Volume Related Revenue segment decrease of 3% to $331.5M, Station Construction Sales segment decrease of 5% to $25.2M, Canada segment decrease of 11% to $5.7M. Lower net loss reflects Interest income increase of 26% to $14M (income).