Clean Energy Fuels announced a series of new renewable natural gas (RNG) supply agreements with major fleets across the United States and Canada, adding 2.1 million gallons annually to Ecology Transportation Services’ 150‑vehicle fleet and 5 million gallons to Washington Metropolitan Area Transit Authority’s 400‑bus fleet.
The company also secured expanded contracts with Recology in Seattle and Snohomish, and signed agreements to operate and maintain 85 RNG stations for WM, three Phoenix transit bus fueling stations for ABM Facility Services, Arlington Transit’s 78 buses, Scottsdale’s 49 refuse vehicles, Nashville International Airport’s 63 shuttle buses, and Fort Smith’s refuse trucks. Each deal is expected to increase Clean Energy’s fuel volume and revenue, reinforcing its status as the largest RNG provider for heavy‑duty transportation.
These wins broaden Clean Energy’s geographic footprint and deepen relationships with key municipal and commercial fleets, strengthening the physical moat of its 580‑plus station network and supporting future growth in the RNG market.
Management highlighted the continued demand for proven clean‑fuel solutions. “2025 was a rough year for other alternatives that didn’t live up to the hype. But fleets continue to seek proven solutions to meet sustainability targets and they’re finding that the RNG metrics deliver on multiple fronts – it’s clean, affordable, has diesel‑like capability, is domestically produced, and there is a robust fueling infrastructure already in place,” said Senior Vice President Chad Lindholm.
Clean Energy’s operational performance in the prior year underpins the optimism. The company delivered 237.4 million gallons of RNG in Q4 2025, achieving 97% of its target despite weather‑related shortfalls in Q1, and the new agreements are expected to accelerate that trajectory into 2026.
While the company’s top‑line growth is strong, it continues to face financial challenges, including negative margins and a distressed Altman Z‑Score, underscoring the need for disciplined cost management as it scales its network.
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