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Reportable Segments and Geographic Information | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Reportable Segments and Geographic Information | Note 20 —Reportable Segments and Geographic Information The Company operates as one reportable segment. The Company's chief operating decision maker ("CODM") is its Chief Executive Officer, who reviews financial information presented on a consolidated basis. The CODM uses profitability metrics, including net income/(loss) to evaluate financial performance, as well as cost of sales and selling, general and administrative expenses (excluding stock compensation) in the achievement of the Company’s strategy, and to make key operating decisions such as the determination of the markets in which the Company seeks to make capital investments and the allocation of budget between cost of sales, and selling, general and administrative expenses. ​ The following table presents selected financial information with respect to the Company’s single reportable segment for the three and nine months ended September 30, 2024 and 2025. As the Company’s single reportable segment represents the consolidated entity, amounts are traceable to the Company’s Condensed Consolidated Statements of Operations. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Three Months Ended | ​ | Nine Months Ended | ​
​ | ​ | ​ | September 30, | ​ | September 30, | ​
​ | ​ | ​ | ​ | 2024 | ​ | ​ | 2025 | ​ | ​ | 2024 | ​ | ​ | 2025 | ​
Revenue: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total revenue(1) | ​ | ​ | $ | 104,876 | ​ | $ | 106,137 | ​ | $ | 306,539 | ​ | $ | 312,514 | ​
Cost of Sales (excluding depreciation)(2): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commodity product cost of sales | ​ | ​ | ​ | 28,597 | ​ | ​ | 33,659 | ​ | ​ | 89,767 | ​ | ​ | 105,254 | ​
Other product cost of sales | ​ | ​ | ​ | 35,270 | ​ | ​ | 35,570 | ​ | ​ | 94,439 | ​ | ​ | 97,014 | ​
Product cost of sales | ​ | ​ | ​ | 63,867 | ​ | ​ | 69,229 | ​ | ​ | 184,206 | ​ | ​ | 202,268 | ​
Service cost of sales | ​ | ​ | ​ | 9,322 | ​ | ​ | 9,592 | ​ | ​ | 28,524 | ​ | ​ | 26,986 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating expenses: | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Selling, general and administrative, excluding stock compensation | ​ | ​ | ​ | 26,002 | ​ | ​ | 24,077 | ​ | ​ | 75,090 | ​ | ​ | 74,814 | ​
Stock compensation | ​ | ​ | ​ | 2,863 | ​ | ​ | 2,193 | ​ | ​ | 8,354 | ​ | ​ | 6,373 | ​
Selling, general and administrative | ​ | ​ | ​ | 28,865 | ​ | ​ | 26,270 | ​ | ​ | 83,444 | ​ | ​ | 81,187 | ​
Depreciation and amortization | ​ | ​ | ​ | 11,350 | ​ | ​ | 14,682 | ​ | ​ | 33,796 | ​ | ​ | 86,911 | ​
Impairment of goodwill | ​ | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 64,328 | ​
Interest(3) | ​ | ​ | ​ | (4,757) | ​ | ​ | (4,906) | ​ | ​ | (13,222) | ​ | ​ | (14,182) | ​
Other income, net | ​ | ​ | ​ | 35 | ​ | ​ | 2,138 | ​ | ​ | 93 | ​ | ​ | 2,219 | ​
Loss from equity method investments | ​ | ​ | ​ | (5,022) | ​ | ​ | (7,524) | ​ | ​ | (16,215) | ​ | ​ | (21,098) | ​
Loss before income taxes | ​ | ​ | ​ | (18,272) | ​ | ​ | (23,928) | ​ | ​ | (52,775) | ​ | ​ | (182,227) | ​
Income tax benefit | ​ | ​ | ​ | (50) | ​ | ​ | (75) | ​ | ​ | (630) | ​ | ​ | 2,785 | ​
Net loss | ​ | ​ | ​ | (18,322) | ​ | ​ | (24,003) | ​ | ​ | (53,405) | ​ | ​ | (179,442) | ​
Loss attribute to noncontrolling interest | ​ | ​ | ​ | 147 | ​ | ​ | 184 | ​ | ​ | 494 | ​ | ​ | 416 | ​
Net loss attribute to Clean Energy Corp. | ​ | ​ | $ | (18,175) | ​ | $ | (23,819) | ​ | $ | (52,911) | ​ | $ | (179,026) | ​
​
(1) | The CODM is provided revenue information disaggregated by product and service type in exactly the same manner as provided in Note 2 - Revenue from Contracts with Customers, Disaggregation of Revenue in Part II, Item 8 of our Annual Report on Form 10-K for our fiscal year ended December 31, 2024.
​
(2) | Costs of sales provided to the CODM are displayed here. Commodity cost of sales represents costs associated with natural gas and its transportation, and is included in the Product Cost of Sales financial statement caption on the Condensed Consolidated Statements of Operations. Total Product Cost of Sales and Service Cost of Sales reconcile to the amounts under the corresponding caption in the Condensed Consolidated Statements of Operations.
​
(3) | Interest, net is computed as the net of interest income and interest expense. Refer to the Condensed Consolidated Statements of Operations.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Three Months Ended | ​ | Nine Months Ended | ​
​ | ​ | ​ | September 30, | ​ | September 30, | ​
​ | ​ | ​ | ​ | 2024 | ​ | ​ | 2025 | ​ | ​ | 2024 | ​ | ​ | 2025 | ​
Interest expense | ​ | ​ | $ | (8,357) | ​ | $ | (7,782) | ​ | $ | (24,040) | ​ | $ | (23,045) | ​
Interest income | ​ | ​ | ​ | 3,600 | ​ | ​ | 2,876 | ​ | ​ | 10,818 | ​ | ​ | 8,863 | ​
​ | ​ | ​ | ​ | (4,757) | ​ | ​ | (4,906) | ​ | ​ | (13,222) | ​ | ​ | (14,182) | ​
​ The Company's revenue and long-lived tangible assets, including the Company's operating lease assets recognized on the consolidated balance sheets were located as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended |  | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
​ | ​ | 2024 | ​ | 2025 | ​ | 2024 | ​ | 2025
Revenue: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
United States | ​ | $ | 103,323 | ​ | $ | 104,586 | ​ | $ | 302,911 | ​ | $ | 308,669
Canada | ​ |  | 1,553 | ​ |  | 1,551 | ​ |  | 3,628 | ​ |  | 3,845
Total revenue | ​ | $ | 104,876 | ​ | $ | 106,137 | ​ | $ | 306,539 | ​ | $ | 312,514
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | September 30, | ​
​ | ​ | 2024 | ​ | 2025 | ​
Long-lived assets: | ​ |  |  | ​ |  |  | ​
United States | ​ | $ | 691,398 | ​ | $ | 580,873 | ​
Canada | ​ |  | 9,882 | ​ |  | 13,624 | ​
Total long-lived assets | ​ | $ | 701,280 | ​ | $ | 594,497 | ​
​

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- Definition The entire disclosure for reporting segments including data and tables. 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