Clean Energy Fuels’s (NASDAQ:CLNE) Q2 CY2026: Beats On Revenue
Clean Energy Fuels (NASDAQ:CLNE) reported Q2 CY2026 results. Revenue rose 3.7% year on year to $106.4 million, beating analysts’ revenue estimates by 1.2%. Non-GAAP loss was $0.01 per share, matching consensus. Adjusted EBITDA margin was 15%, down 2 points and below Wall Street estimates. Shares were flat at $1.85 after results.
How this was made
The 30-second read
Why it matters
Q2 CY2026 shows modest top-line growth and a revenue beat, but adjusted EBITDA missed and cash profitability remains weak, which can affect valuation and near-term positioning.
Market read
Traders get a mixed earnings signal: revenue beat versus adjusted EBITDA miss, plus ongoing concerns about free-cash-flow margin and commodity-linked cash volatility.
What to watch
The article cites free-cash-flow volatility versus WTI as a constraint; traders may also want to check whether hedging, capex plans, or contract mix explain the EBITDA and cash divergence.
Background
Clean Energy Fuels operates a large natural gas fueling network and supplies renewable and conventional natural gas for commercial fleets.
Ticker impact
Clean Energy Fuels reported Q2 CY2026 revenue of $106.4M, up 3.7% YoY, beating revenue expectations by 1.2%.
Near-term trading likely hinges on the EBITDA miss and cash-flow concerns rather than the revenue beat.
The article provides a concrete earnings datapoint (revenue beat) plus a countervailing datapoint (adjusted EBITDA fell short) and notes free-cash-flow margin weakness and higher cash volatility versus WTI.
Market effects
Highlights the risk that alternative-fuel station operators can show revenue growth while cash profitability lags.
Primarily impacts North American alternative fuel fueling-station sentiment.
Limited direct global spillover; commodity sensitivity discussion is broadly relevant to energy-adjacent names.
Counterpoint
The revenue beat and flat post-results stock price ($1.85) suggest the market may already be pricing the EBITDA/cash concerns, limiting incremental downside.
Key entities
- public_companyClean Energy Fuels
Alternative fuel provider reporting Q2 CY2026 results.
- benchmarkWTI crude
Used as the reference for cash-flow volatility comparison.
