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Shares of RingCentral (RNG +5.00%) rose 5% on Friday after the communications software provider raised its full-year free cash flow forecast.

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AI-fueled growthRingCentral's revenue grew 5.9% year over year to $676 million in the third quarter.

During a conference call with analysts, CEO Vlad Shmunis said artificial intelligence (AI) represents an even larger opportunity for RingCentral than the shift from traditional communication systems to the cloud.

"We are leading this next transformation with agentic voice AI, making customer interactions more efficient, intelligent, and actionable," Shmunis said.

Customers using at least one AI product now account for about 15% of RingCentral's total annual recurring revenue, or over $400 million. These sales are also growing rapidly, with AI-based ARR doubling compared to the prior-year period.

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Rising cash profitsBetter still, the communications specialist is becoming more profitable as it scales its business. Adjusted operating margin increased by 1.9 percentage points to 24.7%.

All told, RingCentral's adjusted earnings jumped 18% to $1.33 per share, while its free cash flow rose 21% to $157 million.

For the full year, RingCentral expects revenue of more than $2.65 billion, earnings per share of $5.07 to $5.12, and free cash flow of roughly $625 million.

This strong cash generation is enabling RingCentral to pay down debt and return capital to shareholders via dividends and stock buybacks.

"These results underscore the strength of our financial model and our focus on driving profitable growth and long-term shareholder value," chief financial officer Vaibhav Agarwal said.

Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Shares of RingCentral Inc (NYSE:RNG) rose sharply in pre-market trading after the company reported better-than-expected third-quarter financial results and raised its FY26 guidance above estimates.

RingCentral’s Cash Flow Hit a Record—And It’s Fueling Bigger ReturnsRingCentral NYSE: RNG reported third-quarter 2026 results above the high end of its guidance, citing growth in its artificial intelligence portfolio, continued customer demand and expanding operating margins. The company also said it reduced gross debt to below $1 billion ahead of schedule.

Founder, Chairman and CEO Vlad Shmunis said subscription and total revenue exceeded the company’s outlook, while both GAAP and non-GAAP operating margins reached records. He said the company’s free cash flow generation supported debt reduction and will allow it to continue investing in product development while returning capital to shareholders through buybacks and dividends.

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AI Portfolio Gains Adoption It's RingCentral NYSE: RNG You Want In Your 2021 Portfolio, Not Zoom NASDAQ: ZMRingCentral emphasized the growing contribution of its agentic voice AI products. Shmunis said AI Receptionist, or AIR, surpassed 22,000 customers, nearly quadrupling from a year earlier. AI Conversation Expert, or ACE, approached 7,000 customers, up 60% year over year.

The company’s Customer Engagement Bundle, or CEB, reached more than 14,000 paying customers, growing nearly 50% sequentially. Nearly two-thirds of CEB customers have also purchased at least one AI product, according to management.

Customers using at least one native paid AI product represented about 15% of total annual recurring revenue, or more than $400 million, and that figure doubled year over year. Shmunis said this customer group has higher average revenue per user and stronger net retention.

President and COO Kira Makagon said RingCentral introduced plugins for OpenAI’s ChatGPT and Model Context Protocol connectors for Anthropic’s Claude during the quarter. The company was also selected as a Claude for Small Business launch partner. Makagon said the offerings had attracted thousands of active customers in less than a month.

The company described AI products designed to automate routine customer interactions while escalating issues requiring judgment, empathy or specialized knowledge to human employees. Makagon said AIR Pro, a voice-first omnichannel AI agent product, is being used for more complex workflows such as identity verification, record matching and follow-up tasks.

Revenue, Margins and Cash Flow CFO Vaibhav Agarwal said third-quarter subscription revenue was about $653 million, up 6% year over year, while total revenue was approximately $676 million, up 5.9%. Monthly net retention remained above 99%, which Agarwal said reflected the mission-critical role of the company’s platform.

Non-GAAP operating margin reached 24.7%, an increase of nearly 200 basis points. GAAP operating margin was 8%, up 320 basis points. Subscription gross margin remained above 80%. Stock-based compensation declined by 50 basis points as a percentage of revenue. Free cash flow totaled $157 million, up 21% from the prior year. GAAP earnings per share were $6.50, including a $545 million non-cash benefit from the release of a valuation allowance related to certain domestic deferred tax assets. Excluding that benefit, diluted EPS was $0.28, up 47% year over year. Non-GAAP EPS rose about 18% to $1.33.

Agarwal said the company expects its AI products to maintain gross margins broadly in line with its corporate average. He cited value-based and usage-based pricing, model selection, improving inference efficiency and shared platform infrastructure as factors supporting AI product economics.

Debt Reduction and Capital Allocation During the quarter, RingCentral repaid more than $110 million of its 8.5% high-yield notes after they became callable. Net leverage fell to 1.3 times, and gross debt was below $1 billion as of the earnings call. The company said it has no debt maturities until 2030 and has $305 million in undrawn credit capacity.

RingCentral spent about $18 million on share repurchases in the third quarter and paid a quarterly dividend of $0.125 per share. Diluted share count declined roughly 5% year over year to approximately 87.7 million shares, and the company had more than $300 million remaining under its repurchase authorization.

Shmunis said the company spends more than $250 million annually on product and technology and is evaluating acquisition opportunities, though he said RingCentral is confident it can execute its roadmap with its existing internal capabilities.

Raised Full-Year Outlook RingCentral raised its fiscal 2026 guidance. The company now expects subscription revenue of $2.563 billion to $2.569 billion, representing growth of 5.6% to 5.9%, and total revenue of $2.650 billion to $2.657 billion, representing growth of 5.4% to 5.6%.

The company forecast GAAP operating margin of 9.2% to 9.6% and non-GAAP operating margin of 24% to 24.2%. It raised expected free cash flow to $620 million to $630 million and projected non-GAAP EPS of $5.07 to $5.12.

For the fourth quarter, RingCentral expects subscription revenue of $653 million to $659 million, total revenue of $673 million to $680 million, GAAP operating margin of 13.3% to 14.7%, and non-GAAP EPS of $1.32 to $1.37.

About RingCentral (NYSE:RNG)RingCentral, Inc is a provider of cloud-based business communications and collaboration solutions. Its platform enables organizations to manage business phone services, team messaging, video meetings, contact center operations and other communications through internet-based applications rather than traditional on-premises systems.

The company's offerings include RingEX, a unified communications platform that combines voice, messaging and video; RingCentral Video for online meetings and collaboration; and RingCX, a cloud contact center solution.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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RingCentral (RNG - Free Report) reported $676.04 million in revenue for the quarter ended September 2026, representing a year-over-year increase of 5.9%. EPS of $1.33 for the same period compares to $1.13 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $666.96 million, representing a surprise of +1.36%. The company delivered an EPS surprise of +4.72%, with the consensus EPS estimate being $1.27.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how RingCentral performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Gross Margin - Non-GAAP Other: 9.7% versus -9.8% estimated by four analysts on average.Gross Margin - Non-GAAP Subscriptions: 80.6% compared to the 80.5% average estimate based on four analysts.Revenues- Subscriptions: $652.94 million versus the five-analyst average estimate of $645.15 million. The reported number represents a year-over-year change of +6%.Revenues- Other: $23.1 million versus $21.82 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +1.2% change.View all Key Company Metrics for RingCentral here>>>

Shares of RingCentral have returned +4% over the past month versus the Zacks S&P 500 composite's no change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

RingCentral (RNG - Free Report) came out with quarterly earnings of $1.33 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.13 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +4.72%. A quarter ago, it was expected that this cloud-based phone system provider for small businesses would post earnings of $1.17 per share when it actually produced earnings of $1.22, delivering a surprise of +4.27%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

RingCentral, which belongs to the Zacks Internet - Software and Services industry, posted revenues of $676.04 million for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 1.36%. This compares to year-ago revenues of $638.66 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

RingCentral shares have added about 185.4% since the beginning of the year versus the S&P 500's gain of 13.3%.

What's Next for RingCentral?While RingCentral has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for RingCentral was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.35 on $672.33 million in revenues for the coming quarter and $5.04 on $2.64 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software and Services is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Globant (GLOB - Free Report) , is yet to report results for the quarter ended September 2026.

This information technology services provider is expected to post quarterly earnings of $1.47 per share in its upcoming report, which represents a year-over-year change of -3.9%. The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level.

Globant's revenues are expected to be $611.06 million, down 1% from the year-ago quarter.

Have you been paying attention to shares of RingCentral (RNG - Free Report) ? Shares have been on the move with the stock up 2.4% over the past month. The stock hit a new 52-week high of $82.21 in the previous session. RingCentral has gained 182.6% since the start of the year compared to the 16.6% move for the Zacks Computer and Technology sector and the 11.4% return for the Zacks Internet - Software and Services industry.

What's Driving the Outperformance?The stock has a great record of positive earnings surprises, having beaten the Zacks Consensus Estimate in each of the last four quarters. In its last earnings report on July 23, 2026, RingCentral reported EPS of $1.22 versus consensus estimate of $1.17 while it beat the consensus revenue estimate by 1.03%.

For the current fiscal year, RingCentral is expected to post earnings of $5.04 per share on $2.64 in revenues. This represents a 15.6% change in EPS on a 5.03% change in revenues. For the next fiscal year, the company is expected to earn $5.48 per share on $2.77 in revenues. This represents a year-over-year change of 8.73% and 4.86%, respectively.

Valuation MetricsWhile RingCentral has moved to its 52-week high over the past few weeks, investors need to be asking, what is next for the company? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.

On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.

RingCentral has a Value Score of B. The stock's Growth and Momentum Scores are A and F, respectively, giving the company a VGM Score of A.

In terms of its value breakdown, the stock currently trades at 16.2X current fiscal year EPS estimates, which is a premium to the peer industry average of 13.4X. On a trailing cash flow basis, the stock currently trades at 12.1X versus its peer group's average of 13.8X. Additionally, the stock has a PEG ratio of 0.81. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.

Zacks RankWe also need to look at the Zacks Rank for the stock, as this is even more important than the company's VGM Score. Fortunately, RingCentral currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.

Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if RingCentral meets the list of requirements. Thus, it seems as though RingCentral shares could have a bit more room to run in the near term.

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.

The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.

Zacks Premium includes access to the Zacks Style Scores as well.

What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.

Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.82% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.

That's where the Style Scores come in.

You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.

Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: RingCentral (RNG - Free Report) RingCentral is a leading provider of contact center software-as-a-service (SaaS) solutions, along with global enterprise cloud communications, video meetings, collaboration, and customer engagement solutions that enable businesses to communicate, collaborate, and connect.

RNG is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 15.71; value investors should take notice.

For fiscal 2026, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $5.04 per share. RNG boasts an average earnings surprise of +3.7%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, RNG should be on investors' short list.

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.

Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.

It also includes access to the Zacks Style Scores.

What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.

The Style Scores are broken down into four categories:

Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

#1 (Strong Buy) stocks have produced an unmatched +23.86% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.

But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.

That's where the Style Scores come in.

To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.

Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: RingCentral (RNG - Free Report) RingCentral is a leading provider of contact center software-as-a-service (SaaS) solutions, along with global enterprise cloud communications, video meetings, collaboration, and customer engagement solutions that enable businesses to communicate, collaborate, and connect.

RNG is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

Additionally, the company could be a top pick for growth investors. RNG has a Growth Style Score of A, forecasting year-over-year earnings growth of 15.6% for the current fiscal year.

One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.01 to $5.04 per share. RNG boasts an average earnings surprise of +3.7%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, RNG should be on investors' short list.

BELMONT, Calif.--(BUSINESS WIRE)---- $RNG--RingCentral, Inc. (NYSE: RNG), a global leader in AI-powered customer engagement, today announced that it will report financial results for the third quarter ended September 30, 2026 after market close on October 22, 2026. The company also announced that it will hold a conference call on the same day at 2:00 PM Pacific Time (5:00 PM Eastern Time) to discuss its financial results.Dial-in and Webcast Details:What: RingCentral's Third Quarter 2026 Earnings WebcastW.

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.

The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.

Zacks Premium also includes the Zacks Style Scores.

What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.

Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.

Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.

Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.8% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.

That's where the Style Scores come in.

You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.

As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: RingCentral (RNG - Free Report) RingCentral is a leading provider of contact center software-as-a-service (SaaS) solutions, along with global enterprise cloud communications, video meetings, collaboration, and customer engagement solutions that enable businesses to communicate, collaborate, and connect.

RNG is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

Momentum investors should take note of this Computer and Technology stock. RNG has a Momentum Style Score of B, and shares are up 5.2% over the past four weeks.

One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.01 to $5.04 per share. RNG boasts an average earnings surprise of +3.7%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, RNG should be on investors' short list.

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.

The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.

It also includes access to the Zacks Style Scores.

What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.8% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.

That's where the Style Scores come in.

To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.

Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.

Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: RingCentral (RNG - Free Report) RingCentral is a leading provider of contact center software-as-a-service (SaaS) solutions, along with global enterprise cloud communications, video meetings, collaboration, and customer engagement solutions that enable businesses to communicate, collaborate, and connect.

RNG is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 15.1; value investors should take notice.

One analyst revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.01 to $5.04 per share. RNG also boasts an average earnings surprise of +3.7%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, RNG should be on investors' short list.

RingCentral, Inc. (NYSE:RNG – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $78.50 and last traded at $78.2350, with a volume of 160097 shares trading hands. The stock had previously closed at $77.30.

Analysts Set New Price Targets Several equities research analysts have issued reports on the stock. Mizuho raised their price target on shares of RingCentral from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Royal Bank Of Canada began coverage on shares of RingCentral in a research report on Thursday, September 3rd. They issued an “outperform” rating and a $85.00 price objective for the company. Rosenblatt Securities restated a “buy” rating and set a $50.00 target price on shares of RingCentral in a research report on Friday, July 24th. Piper Sandler lifted their target price on shares of RingCentral from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of RingCentral in a report on Friday, July 17th. Four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $56.00.

Read Our Latest Research Report on RingCentral

RingCentral Stock Performance The company has a market cap of $6.61 billion, a PE ratio of 63.35, a PEG ratio of 1.38 and a beta of 1.14. The firm has a fifty day simple moving average of $63.42 and a 200 day simple moving average of $48.12. RingCentral (NYSE:RNG – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The software maker reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. RingCentral had a net margin of 4.27% and a negative return on equity of 34.49%. The business had revenue of $657.01 million for the quarter, compared to analyst estimates of $650.53 million. During the same period in the prior year, the firm posted $1.06 EPS. The company’s revenue was up 5.9% on a year-over-year basis. RingCentral has set its FY 2026 guidance at 4.960-5.100 EPS and its Q3 2026 guidance at 1.250-1.300 EPS. As a group, equities analysts predict that RingCentral, Inc. will post 2.89 EPS for the current fiscal year.

RingCentral Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $0.50 annualized dividend and a dividend yield of 0.6%. This is a boost from RingCentral’s previous quarterly dividend of $0.07. RingCentral’s dividend payout ratio is presently 40.00%.

Insider Transactions at RingCentral In related news, CAO Tarun Arora sold 4,172 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $70.36, for a total value of $293,541.92. Following the transaction, the chief accounting officer directly owned 65,692 shares of the company’s stock, valued at approximately $4,622,089.12. This trade represents a 5.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Shmunis sold 11,165 shares of RingCentral stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $76.58, for a total value of $855,015.70. Following the completion of the transaction, the chief executive officer owned 179,106 shares in the company, valued at $13,715,937.48. The trade was a 5.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 87,156 shares of company stock valued at $6,078,491. Corporate insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On RingCentral Several hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new stake in shares of RingCentral during the 2nd quarter worth about $113,000. IFP Advisors Inc raised its holdings in RingCentral by 2,597.9% in the second quarter. IFP Advisors Inc now owns 99,068 shares of the software maker’s stock valued at $3,862,000 after buying an additional 95,396 shares during the period. Baird Financial Group Inc. lifted its position in RingCentral by 7.7% during the second quarter. Baird Financial Group Inc. now owns 254,432 shares of the software maker’s stock valued at $9,918,000 after buying an additional 18,220 shares in the last quarter. Nykredit A S acquired a new position in RingCentral during the second quarter valued at approximately $63,000. Finally, Corient Private Wealth LP grew its stake in RingCentral by 144.3% during the second quarter. Corient Private Wealth LP now owns 250,095 shares of the software maker’s stock worth $9,749,000 after buying an additional 147,710 shares during the period. 98.61% of the stock is owned by institutional investors and hedge funds.

RingCentral Company Profile (Get Free Report)

RingCentral, Inc is a cloud communications and collaboration company that provides business communications software through a subscription-based platform. Its services are designed to help organizations manage voice, messaging, video meetings, team collaboration and other communications across devices and locations.

The company’s offerings include RingEX, its unified communications platform; RingCentral Video for online meetings and collaboration; RingCentral Events for virtual and hybrid events; and contact center products, including RingCX.

Further Reading Five stocks we like better than RingCentral Chips to Bots: Qualcomm’s Agentic AI Breakout Ciena Fell 40%—Now One Analyst Sees 50% Upside Energy Transfer Taps the AI Power Boom Viking’s Obesity Edge May Be Staying Power, Not Weight Loss Receive News & Ratings for RingCentral Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RingCentral and related companies with MarketBeat.com's FREE daily email newsletter.

Kira Makagon, President and COO of RingCentral, Inc. (RNG +1.69%), sold 36,185 shares of Class A Common Stock on Sept. 14, 2026, for approximately $2.5 million, according to a recent SEC Form 4 filing.

Transaction summaryMetricValueTransaction value$2.5 millionShares sold36,185Post-transaction shares (directly held)245,385Post-transaction value$17.75 millionTransaction value based on SEC Form 4 weighted average sale price ($70.11); post-transaction value based on Sept. 14, 2026, market close ($72.32).

Key questionsWhat was the primary driver for this transaction?
The sale was executed under a Rule 10b5-1 trading plan, which Makagon established on June 12, 2026, to facilitate orderly liquidity at pre-determined intervals.How does this sale compare to the insider's total equity exposure?
Makagon continues to hold a direct equity position of 245,385 shares and also holds derivative securities, maintaining a significant financial interest in the company.What has the stock's performance context been leading up to this trade?
Shares of RingCentral reached a one-year total return of 138% as of the Sept. 14, 2026 transaction date, with the stock priced at $73.54 as of the Sept. 16, 2026 market close.What is the scale of RingCentral's current operations?
The Belmont-based technology firm reported trailing twelve-month revenue of $2.6 billion and net income of $110 million while employing 7,378 full-time staff.Company OverviewMetricValueShare Price (as of market close 2026-09-16)$73.54Market Capitalization$6.1 billionRevenue (TTM)$2.6 billionNet Income (TTM)$110.3 millionCompany SnapshotRingCentral delivers cloud-based software-as-a-service (SaaS) solutions centered on unified communications and contact center capabilities, with core revenue generated through its proprietary Message Video Phone (MVP) platform and product offerings, including RingCentral Office.The company operates a subscription-based business model, generating recurring revenue from enterprise and mid-market customers who license its communication and collaboration software on a per-user basis.RingCentral serves businesses across North America seeking integrated communication solutions, targeting organizations of varying sizes that require seamless connectivity across voice, video, and messaging channels.

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Moneyball Superscore

78/100

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1.69

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74.78

RingCentral is a leading cloud communications platform provider with a market capitalization of $6.1 billion and TTM revenue of $2.6 billion, serving thousands of organizations through its comprehensive unified communications and contact center solutions.

The company's proprietary MVP platform architecture provides a competitive foundation for delivering integrated communication capabilities that enable businesses to streamline operations and enhance collaboration.

With 7,378 employees and strong recent momentum reflected in its 138% one-year share price appreciation, RingCentral maintains a strategic position in the enterprise software market by addressing the growing demand for cloud-native communication infrastructure.

What this transaction means for investorsThis sale shouldn't concern investors. It was executed under a Rule 10b5-1 plan, which insiders commonly use to execute transactions for personal financial management purposes.

Moreover, the executive retains a substantial stake in the company's stock. That stake was valued at about $18 million following the sale.

Importantly, TTM revenue grew 5% year over year as of the second quarter of 2026. The company is also seeing expanding margins, with the operating margin reaching 6.7% on a trailing basis.

RingCentral is positioning itself to benefit from the growing adoption of AI agents. It completed an AI-native project with an over 99% success rate in partnership with OpenAI. Although AI still accounts for a small portion of the business, the company is seeing growing adoption of AI products among its customer base.

John Ballard has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

RingCentral, Inc. (RNG) Piper Sandler 5th Annual Growth Frontiers Conference September 15, 2026 2:00 PM EDT

Company Participants

Vaibhav Agarwal - Chief Financial Officer

Conference Call Participants

James Fish - Piper Sandler & Co., Research Division

Presentation

James Fish
Piper Sandler & Co., Research Division

All right. Good afternoon, everybody. Jim Fish with Piper Sandler. And now we start the afternoon post lunch. I hope you had a good meal there. With us, we have Vaibhav from RingCentral. Thanks for joining us.

Vaibhav Agarwal
Chief Financial Officer

Thank you for having me here. My first time. So looking forward to the conversation today.

Question-and-Answer Session

James Fish
Piper Sandler & Co., Research Division

Yes. Well, I mean, we turned up the temperature for you outside. So a little hot out there now. But one of the questions that we're asking everybody just to kind of kick things off is just the health of sort of IT spending and what you're seeing. And you guys have this unique view in the sense of you have some large customers as well as down at the SMB kind of level. So I guess what are you seeing on IT spending? And how is AI impacting how budgets are flowing?

Vaibhav Agarwal
Chief Financial Officer

Yes. No, that's a great question to begin with. So look, IT spending from what we are seeing remains healthy, is growing at the macro level. I think the color underneath is AI is definitely becoming a larger share of that budget, the existing budget and incremental budgets, if you will.

I think what we are seeing is that customers are incrementally looking at solutions where they can drive real ROI. I think customers are beyond the experimentation phase. So they are looking for solutions that can drive outcomes, drive productivity, they can

Tarun Arora, Chief Accounting Officer at RingCentral (RNG -0.17%), sold 4,568 shares of Class A common stock on Aug. 28, 2026, for a total value of $318,000, according to a recent SEC Form 4 filing.

Transaction summaryMetricValueTransaction value$318,000Shares sold (directly held)4,568Post-transaction shares (directly held)75,141Post-transaction value$5.2 millionTransaction value based on SEC Form 4 weighted average sale price ($69.60); post-transaction value based on Aug. 28, 2026, market close ($69.38).

Key questionsWhat were the price parameters for this weighted average sale?
The shares were sold in multiple transactions at prices ranging from $69.07 to $70.00, resulting in a weighted-average execution price of $69.60 per share.What is the context of the stock performance surrounding this transaction?
The sale occurred with RingCentral shares having delivered a 126% one-year return as of the Aug. 28, 2026, transaction date.How much direct equity does the insider retain?
Following the completion of this Rule 10b5-1 plan trade, the insider continues to hold 75,141 shares of Class A common stock directly, which were valued at $5.2 million based on the Aug. 31, 2026, market close of $69.62.Does the insider maintain exposure through other investment vehicles?
This filing reports only direct common stock ownership, representing an individual insider stake of 0.08% of the company as of the latest reported figures.Company OverviewMetricValueShare Price (as of market close 2026-08-31)$69.62Market Capitalization$5.7 billionRevenue (TTM)$2.6 billionNet Income (TTM)$110.3 millionCompany SnapshotRingCentral delivers cloud-based software-as-a-service (SaaS) solutions that enable businesses to communicate, collaborate, and connect through its proprietary Message Video Phone (MVP) platform, with primary revenue sources derived from unified communications and contact center capabilities.The company operates a subscription-based business model in which enterprises and mid-market organizations pay recurring fees for access to its comprehensive cloud communications platform, generating predictable revenue streams.RingCentral serves North American businesses across multiple verticals, targeting mid-market and enterprise customers seeking integrated unified communications and contact center solutions to replace legacy on-premises systems.RingCentral is a leading cloud communications platform provider with $2.6 billion in TTM revenue and a $5.7 billion market capitalization, serving thousands of businesses through its integrated MVP platform. The company has demonstrated strong growth momentum, reflecting investor confidence in the secular shift toward cloud-based enterprise communications. RingCentral's competitive advantage lies in its unified platform architecture that consolidates communications, collaboration, and contact center capabilities, reducing customer complexity and switching costs while enabling cross-sell opportunities.

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Moneyball Superscore

78/100

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-0.17

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68.92

What this transaction means for investorsOn Aug. 28, Arora sold 4,568 shares, with a transaction value of $318,000. However, based on the details of the transaction, this doesn't appear to signal a cause for concern for shareholders. One reason is that this trade was a part of a plan established back in May. That means it wasn't a spur-of-the-moment decision, nor anything that would indicate something was amiss with the company. Also, while 4,568 shares were sold, Arora still holds 75,141 shares. That shows continued alignment with the company's success.

In addition, even if the sale wasn't part of an established trading plan, the stock price has climbed so high that it would be natural for an insider to consider taking some gains off the table. For instance, as of this writing, the RingCentral stock price has climbed 127% over the last year. That is easily outperforming the 16.2% return of the S&P 500 over the same period. With all that context, this appears to be a routine transaction, and nothing more.

Jack Delaney has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

BELMONT, Calif.--(BUSINESS WIRE)---- $RNG #AiTools--RingCentral, Inc. (NYSE: RNG), a global leader in AI-powered customer engagement, today announced a new plugin for ChatGPT and MCP (model context protocol) connectors for Claude to make voice, SMS, and chat data available in LLMs. This enables business users to prompt actions that save time, improve productivity, and complete tasks to drive better business outcomes. “Businesses around the world rely on RingCentral for calls that close deals, texts that confirm.

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.

The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.

Zacks Premium also includes the Zacks Style Scores.

What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.

Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.

The Style Scores are broken down into four categories:

Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.

Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.

Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.8% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.

That's where the Style Scores come in.

To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: RingCentral (RNG - Free Report) RingCentral is a leading provider of contact center software-as-a-service (SaaS) solutions, along with global enterprise cloud communications, video meetings, collaboration, and customer engagement solutions that enable businesses to communicate, collaborate, and connect.

RNG is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 13.8; value investors should take notice.

Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.14 to $5.05 per share. RNG boasts an average earnings surprise of +3.7%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, RNG should be on investors' short list.

BELMONT, Calif.--(BUSINESS WIRE)-- #AIInnovation--RingCentral, Inc. (NYSE: RNG), a global leader in AI-powered customer engagement, today announced it has been named to Business Insider America's Most Innovative Businesses 2027 list, produced in partnership with Plant-A Insights Group. The list recognizes publicly traded U.S. companies that distinguish themselves through strong innovation performance, combining industry reputation, technological impact, and investment in research and development. This marks th.

RUTLAND, Vt., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling and resource management services company in the Eastern United States, and Waga Energy (EPA: WAGA), a global expert in the production of Renewable Natural Gas (“RNG”) from landfills, announced the start of operations of the RNG production facility at the McKean Landfill in Mount Jewett, Pennsylvania.

The McKean facility is the third to come online this year, following the successful commissioning of facilities at the Chemung County Landfill and the Hyland Landfill. Together, the three projects complete the partnership agreement signed in 2023.

“Bringing this facility online at our McKean landfill is another important step in our efforts to recover more value from the materials we manage,” said Ned Coletta, President and CEO of Casella Waste Systems, Inc. “Our partnership with Waga Energy has always been focused on collaborating to leverage each other’s strengths, and it’s extremely gratifying to see the third facility come online and producing as anticipated.”

The facility uses Waga Energy's patented WAGABOX® technology to upgrade landfill gas into pipeline-quality RNG. With 2,000 SCFM of installed processing capacity, McKean can generate up to 407,000 MMBtu (120 GWh) of renewable gas annually. Production will ramp up progressively as landfill gas volumes increase at the site.

“The commissioning of the McKean WAGABOX® unit is a strong testament to the commitment and execution capabilities of the Casella and Waga Energy teams,” said Guénaël Prince, Chief Executive Officer of Waga Energy Inc. “This project also demonstrates the strength of a partnership model that creates long-term value for both partners by transforming landfill gas into a reliable source of renewable energy.”

The RNG produced on-site is injected directly into the National Fuel Gas network, supplying the region with a renewable alternative to fossil natural gas. The project is expected to avoid 31,000 tons of CO₂-equivalent emissions each year, according to U.S. Environmental Protection Agency standards.

Under the terms of the agreement, Waga Energy fully funded the construction of each facility and will own and operate each of them for 20 years, while Casella and Waga Energy share the revenue generated from RNG sales.

About Casella Waste Systems, Inc.

Casella Waste Systems, Inc., headquartered in Rutland, Vermont, provides resource management expertise and services to residential, commercial, municipal, institutional and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services in the eastern United States. For more information, visit www.casella.com.

About Waga Energy

Waga Energy produces competitively priced Renewable Natural Gas (RNG, also known as biomethane) by upgrading landfill gas using a patented purification technology called WAGABOX®. The RNG produced is injected directly into the gas grids that supply individuals and businesses, providing a substitute for natural fossil gas. Waga Energy currently operates 36 RNG production units in France, Spain, Canada and the USA, representing an installed capacity of more than 6.5 million MMBtu (1.9 TWh) per year. To date, Waga Energy has 19 RNG production units under construction worldwide. Each project initiated by Waga Energy contributes to the fight against global warming and helps the energy transition. Waga Energy is listed on Euronext Paris (FR0012532810 – EPA: WAGA).

Safe Harbor Statement

Certain matters discussed in this press release, including but not limited to, the statements regarding our intentions, beliefs or current expectations concerning, among other things, projections as to the anticipated benefits of the commercial agreement, the anticipated amounts of renewable natural gas to be produced and the anticipated impact of the commercial agreement and the renewable natural gas facilities on the Company’s business and future financial and operating results are "forward-looking statements". These forward-looking statements can generally be identified as such by the context of the statements, including words such as “believe,” “expect,” “anticipate,” “plan,” “may,” “would,” “intend,” “estimate,” “will,” “guidance” and other similar expressions, whether in the negative or affirmative. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which the Company operates and management’s beliefs and assumptions. The Company cannot guarantee that it actually will achieve the financial results, plans, intentions, expectations or guidance disclosed in the forward-looking statements made. Such forward-looking statements, and all phases of the Company’s operations, involve a number of risks and uncertainties, any one or more of which could cause actual results to differ materially from those described in its forward-looking statements.

Such risks and uncertainties include or relate to, among other things, the following: project development timelines may extend past anticipated schedules; the Company may not fully recognize the expected financial benefits from the RNG facilities due to operational challenges, gas production levels, market or economic factors outside its control which may impact revenues and costs, or for other reasons; and potential regulatory changes could adversely impact operations.

There are a number of other important risks and uncertainties that could cause the Company’s actual results to differ materially from those indicated by such forward-looking statements. These additional risks and uncertainties include, without limitation, those detailed in Item 1A. “Risk Factors” in the Company’s most recently filed Form 10-K for the fiscal year ended December 31, 2025, and in other filings that the Company may make with the Securities and Exchange Commission in the future.

The Company undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Contact Us
Casella Waste Systems, Inc.
   Media Relations 
Jeff Weld
Vice President of Communications
(802) 772-2234Investor Relations 
Henry Baby, CFA
Vice President of Investor Relations and Finance
(802) 417-3841  Waga Energy
   Alicia Fanni
Marketing and Communications Manager
(786) 300-9545
[email protected] Laurent Barbotin
Head of PR
+33 772 771-185
[email protected]
  

Tarun Arora, Chief Accounting Officer of RingCentral, Inc. (RNG +1.24%), reported the disposition of 5,623 shares of Class A Common Stock on August 20 and August 21, 2026, according to a SEC Form 4 filing.

Transaction summaryMetricValueShares sold5,623Transaction value~$368,138Post-transaction shares (directly held)80,384Post-transaction value$5.39 millionTransaction value based on SEC Form 4 weighted average sale price ($65.47); post-transaction value based on August 21, 2026 market close ($67.01).

Key questionsWhat was the nature of the equity disposition?
The transaction included a non-discretionary component of 3,747 shares remitted to the issuer to satisfy tax withholding requirements upon the vesting of restricted stock units, alongside 1,876 shares sold via a pre-scheduled trading arrangement.When was the trading plan for the open-market sales established?
The 1,876 shares were sold pursuant to a Rule 10b5-1 trading plan that Arora adopted on May 22, 2026.How does this affect the insider's total equity exposure?
Arora maintains a direct holding of 80,384 shares, representing an approximate 0.0932% interest in the $5.8 billion cloud communications company.What is the recent performance context for RingCentral stock?
The shares were priced at $67.01 as of the August 21, 2026 market close, reflecting a one-year total return of 131% as of the transaction date.Company OverviewMetricValueShare Price (as of market close 2026-08-21)$67.01Market Capitalization$5.6 billionRevenue (TTM)$2.6 billionNet Income (TTM)$110 millionCompany SnapshotRingCentral delivers cloud-based software-as-a-service (SaaS) solutions that enable businesses to communicate, collaborate, and connect through its proprietary Message Video Phone (MVP) platform, with core offerings including RingCentral Office for unified communications and comprehensive contact center capabilities.The company operates on a subscription-based SaaS business model, generating recurring revenue from enterprise and mid-market customers who license its cloud communications and collaboration platforms on a per-user or per-seat basis.RingCentral primarily serves North American businesses across multiple verticals, including enterprises, mid-market organizations, and small-to-medium businesses seeking integrated unified communications and contact center solutions to enhance operational efficiency and customer engagement.

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Moneyball Superscore

78/100

Today's Change

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1.24

%) $

0.85

Current Price

$

69.38

RingCentral is a leading cloud-based communications platform provider with approximately 7,378 employees and a market capitalization of $5.8 billion. The company has demonstrated significant growth momentum, with TTM revenue of $2.6 billion and net income of $110.3 million, reflecting strong operational leverage in its SaaS business model.

RingCentral's competitive advantage derives from its integrated MVP platform architecture, which consolidates unified communications, collaboration, and contact center capabilities into a single ecosystem, enabling customers to streamline operations and reduce technology complexity.

What this transaction means for investorsThis sale shouldn't concern investors. It represented a small percentage of the insider's stake in the company's stock. Moreover, it was completed under a Rule 10b5-1 plan, which is commonly used by insiders to complete transactions while avoiding the appearance of acting on material non-public information.

Importantly, RingCentral's TTM revenue grew 5% year over year, while operating margin is showing considerable improvement rising to 6.7%. This builds on last year's margin of 4.8% in 2025 and just 0.1% in 2024.

The company's improved profitability has lifted the stock over the last year, and analysts estimate earnings will grow at an annualized rate of 15% in the next several years.

John Ballard has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Great Lakes Advisors LLC purchased a new position in shares of RingCentral, Inc. (NYSE:RNG – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,491 shares of the software maker’s stock, valued at approximately $409,000.

A number of other large investors have also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of RingCentral in the first quarter worth approximately $697,000. Robertson Stephens Wealth Management LLC boosted its holdings in RingCentral by 124.7% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 90,311 shares of the software maker’s stock valued at $2,608,000 after acquiring an additional 50,122 shares during the period. LSV Asset Management grew its position in RingCentral by 142.4% in the 4th quarter. LSV Asset Management now owns 2,871,700 shares of the software maker’s stock valued at $82,935,000 after acquiring an additional 1,686,900 shares during the last quarter. Jupiter Asset Management Ltd. grew its position in RingCentral by 11.4% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,456,270 shares of the software maker’s stock valued at $42,057,000 after acquiring an additional 149,532 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in RingCentral by 60.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 280,323 shares of the software maker’s stock worth $8,096,000 after purchasing an additional 105,145 shares during the period. 98.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth A number of brokerages have recently issued reports on RNG. Piper Sandler boosted their target price on shares of RingCentral from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $50.00 price target on shares of RingCentral in a research note on Friday, July 24th. Robert W. Baird set a $45.00 price objective on shares of RingCentral in a report on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of RingCentral in a research report on Friday, July 17th. Finally, Wells Fargo & Company upped their target price on shares of RingCentral from $32.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $44.40.

Check Out Our Latest Stock Report on RNG Insider Buying and Selling at RingCentral In related news, Director Robert I. Theis sold 2,530 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $40.28, for a total transaction of $101,908.40. Following the completion of the sale, the director directly owned 30,834 shares in the company, valued at $1,241,993.52. This represents a 7.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Amy Guggenheim Shenkan sold 1,265 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $40.59, for a total value of $51,346.35. Following the sale, the director directly owned 29,372 shares in the company, valued at approximately $1,192,209.48. The trade was a 4.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 34,052 shares of company stock worth $1,506,498. 7.30% of the stock is currently owned by company insiders.

RingCentral Trading Down 0.1% Shares of RingCentral stock opened at $66.92 on Monday. The stock’s fifty day moving average price is $48.11 and its 200-day moving average price is $41.66. The firm has a market cap of $5.59 billion, a P/E ratio of 53.54, a P/E/G ratio of 1.16 and a beta of 1.10. RingCentral, Inc. has a 12 month low of $24.14 and a 12 month high of $68.45.

RingCentral (NYSE:RNG – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The software maker reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $657.01 million during the quarter, compared to analyst estimates of $650.53 million. RingCentral had a net margin of 4.27% and a negative return on equity of 34.49%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.06 earnings per share. RingCentral has set its FY 2026 guidance at 4.960-5.100 EPS and its Q3 2026 guidance at 1.250-1.300 EPS. Analysts forecast that RingCentral, Inc. will post 2.88 earnings per share for the current year.

RingCentral Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.7%. This is a positive change from RingCentral’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, August 6th. RingCentral’s payout ratio is presently 40.00%.

RingCentral Company Profile (Free Report)

RingCentral, Inc is a leading provider of cloud-based business communications and collaboration solutions. The company’s flagship platform delivers unified communications as a service (UCaaS), integrating voice over IP (VoIP) phone systems, video conferencing, team messaging and SMS into a single, cloud-native application. In addition to its UCaaS offering, RingCentral provides contact center as a service (CCaaS) capabilities, enabling organizations to manage customer interactions across voice, email, chat and social channels from a centralized dashboard.

Founded in 1999 and headquartered in Belmont, California, RingCentral went public on the New York Stock Exchange under the ticker RNG in 2013.

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Vaibhav Agarwal, Chief Financial Officer of RingCentral, Inc. (RNG +1.07%), disposed of 3,437 shares of Class A Common Stock on Aug. 17 and Aug. 18, 2026, according to a recent SEC Form 4 filing.

Transaction summaryMetricValueShares sold (directly held)3,437Transaction value~$223,000Post-transaction shares (directly held)~169,282Post-transaction value~$11.0 millionTransaction value based on SEC Form 4 weighted average sale price ($64.77); post-transaction value based on Aug. 18, 2026, market close ($65.19).

Key questionsWhat were the specific mechanisms behind this disposal?
The transaction was executed through two primary channels: a pre-scheduled sale of 1,688 shares and a non-discretionary remittance of 1,749 shares to RingCentral to cover tax liabilities arising from the vesting of restricted stock units (RSUs) granted under the firm's Key Employee Equity Bonus Plan.How does the Rule 10b5-1 plan affect the timing of this activity?
The discretionary portion of the sale was executed under a Rule 10b5-1 trading plan adopted by the executive on Sept. 15, 2025, which allows insiders to establish a predetermined schedule for selling shares to avoid concerns about material non-public information.What is the executive's remaining equity exposure?
Following the transactions, the Chief Financial Officer maintains a direct interest in 169,282 shares, representing an ownership stake of 0.2000% of the company.What has been the recent performance context for the stock?
The shares were disposed of at a weighted-average price of $64.77, amid a period in which the equity has generated an 116% total return over the 12 months ending on the transaction date of Aug. 18, 2026.Company OverviewMetricValueShare Price (as of market close 2026-08-17)$64.07Market Capitalization$5.4 billionRevenue (TTM)$2.58 billionNet Income (TTM)$110 millionCompany SnapshotRingCentral delivers cloud-based software-as-a-service (SaaS) solutions centered on its proprietary Message Video Phone (MVP) platform, offering unified communications and contact center capabilities as primary revenue sources.The company operates a subscription-based business model, generating recurring revenue from enterprise and mid-market customers through tiered service offerings, including RingCentral Office and comprehensive contact center solutions.RingCentral primarily serves North American businesses across multiple verticals seeking integrated communication and collaboration platforms, targeting organizations ranging from small businesses to large enterprises requiring unified communications infrastructure.

Today's Change

(

1.07

%) $

0.70

Current Price

$

65.89

RingCentral is a cloud communications platform provider with a $5.4 billion market capitalization, 7,378 employees, and TTM revenue of $2.6 billion. The company has demonstrated strong growth momentum, with a one-year stock price appreciation of 115.5%, reflecting investor confidence in its market position and execution.

RingCentral's competitive advantage derives from its integrated MVP platform architecture, which consolidates voice, video, messaging, and contact center capabilities into a unified solution, enabling customers to streamline communications infrastructure and reduce operational complexity.

What this transaction means for investorsThis sale shouldn't concern investors. It represented a small percentage of the executive's holdings in the company's stock. Moreover, these sales appear to be nothing more than personal financial management.

The important thing is that the CFO still holds the vast majority of his direct stake, and RingCentral continues to grow revenue. TTM revenue grew 5% year over year, while operating profit improved significantly, jumping 162%.

The stock is clearly responding to the company's improving profitability, and analysts see more growth ahead. The current consensus estimate calls for earnings to grow at a compound annual rate of 15% over the next several years.

John Ballard has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

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As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

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Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: RingCentral (RNG - Free Report) RingCentral is a leading provider of contact center software-as-a-service (SaaS) solutions, along with global enterprise cloud communications, video meetings, collaboration, and customer engagement solutions that enable businesses to communicate, collaborate, and connect. The company’s cloud-based business communications and collaboration solutions are designed to provide a single user identity across multiple locations and devices, including smartphones, tablets, PCs and desk phones. This makes remote working and collaboration easy.

RNG is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

Additionally, the company could be a top pick for growth investors. RNG has a Growth Style Score of A, forecasting year-over-year earnings growth of 14.9% for the current fiscal year.

Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.10 to $5.01 per share. RNG boasts an average earnings surprise of +3.7%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, RNG should be on investors' short list.

RingCentral, Inc. (RNG) Presents at Oppenheimer 29th Annual Technology, Internet & Communications Conference Transcript

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Clean Energy Fuels Corp. (NASDAQ: CLNE) (“Clean Energy” or the “Company”) today announced its operating results for the second quarter of 2026.

Financial Highlights

Revenue of $106.4 million in Q2 2026 compared to $102.6 million in Q2 2025. Net loss attributable to Clean Energy for Q2 2026 was $(14.9) million, or $(0.07) per share, on a GAAP (as defined below) basis, compared to $(20.2) million, or $(0.09) per share, for Q2 2025. Adjusted EBITDA (as defined below) was $16.0 million for Q2 2026, compared to $17.5 million for Q2 2025. Cash, Cash Equivalents (less restricted cash) and Short-Term Investments totaled $138.0 million as of June 30, 2026, compared to $156.1 million as of December 31, 2025. Operational and Strategic Highlights

Announced the appointment of Bart Frabotta as Chief Operating Officer. Awarded two separate contracts to design and install liquefied natural gas fueling systems for gas-to-power applications in Puerto Rico. These contracts will provide energy security and resiliency to support local pharmaceutical manufacturing operations as well as fuel a six-megawatt combined heat and power plant. In May, we announced the expansion of our RNG station network to six new locations in California, New Jersey, Oklahoma, Michigan and Washington. These new locations allow us to continue expanding our nationwide network to meet the growing demand from heavy-duty truck fleets seeking immediate fuel cost savings and significant emissions reductions by powering their trucks with clean-burning RNG. RNG gallons sold of 63.2 million gallons in Q2 2026, a 2.9% increase compared to Q2 2025. Commentary by Clay Corbus, President and Chief Executive Officer

“Our second quarter results demonstrate continued solid execution across the business. Fuel volumes, including both RNG and conventional natural gas, increased year over year, reflecting ongoing customer investment in and demand for cleaner, lower-carbon fuel. This has been especially true in today’s volatile fuel environment. Having a clean, domestically produced fuel is one of the reasons that we remain on plan through the first half of the year, along with great execution by our team. With $138.0 million in cash and investments at quarter end, we remain focused on serving our fleet customers and expanding the role of domestically supplied RNG as a practical, low-carbon fuel for a variety of applications in this rapidly evolving energy market.”

Summary and Review of Results

The Company’s revenue for the second quarter of 2026 was decreased by $9.6 million of non-cash stock-based sales incentive contra-revenue charges (“Amazon warrant charges”) related to the warrant issued to Amazon.com NV Investment Holdings LLC (the “Amazon warrant”), compared to Amazon warrant charges of $17.4 million in Q2 2025. Q2 2026 station construction revenues were $16.0 million versus $7.8 million of station construction revenues in Q2 2025. Revenue for Q2 2026 also included an unrealized loss of $0.2 million on commodity swap and customer fueling contracts relating to the Company’s Zero Now truck financing program, compared to an unrealized loss of $0.5 million in Q2 2025. Q2 2026 renewable identification number (“RIN”) and low carbon fuel standards (“LCFS”) revenues were $14.2 million versus $11.9 million of RIN and LCFS revenues in Q2 2025 reflecting (i) an increase in RIN revenue of $1.0 million primarily due to incremental RIN revenue generated by the Company’s consolidated dairy RNG production project (upstream business), higher price, and higher volume partially offset by a lower share of RIN values and (ii) an increase in LCFS revenue of $1.3 million primarily due to a higher share of LCFS values, higher low-CI volume, higher price, and incremental LCFS revenue generated by the Company’s consolidated dairy RNG production project (upstream business).

Net loss attributable to Clean Energy for Q2 2025 included higher non-cash stock-based sales incentive contra-revenue charges related to the Amazon warrant, and a loss from the Rimere equity method investment, which was disposed of in December 2025.

Non-GAAP income (loss) per share (as defined below) for Q2 2026 was ($0.01), compared to $0.00 per share for Q2 2025.

In this press release, Clean Energy refers to various GAAP (U.S. generally accepted accounting principles) and non-GAAP financial measures. The non-GAAP financial measures may not be comparable to similarly titled measures being used and disclosed by other companies. Clean Energy believes that this non-GAAP information is useful for an understanding of its operating results and the ongoing performance of its business. Non-GAAP income (loss) per share and Adjusted EBITDA are defined below and reconciled to GAAP net income (loss) per share attributable to Clean Energy and GAAP net income (loss) attributable to Clean Energy, respectively.

The table below shows GAAP and non-GAAP income (loss) attributable to Clean Energy per share and reconciles GAAP net income (loss) attributable to Clean Energy to the non-GAAP net income (loss) attributable to Clean Energy figure used in the calculation of non-GAAP income (loss) per share:

Three Months Ended

Six Months Ended

June 30,

June 30,

(in thousands, except share and per share data)

2025

2026

2025

2026

Net loss attributable to Clean Energy Fuels Corp.

$

(20,240

)

$

(14,853

)

$

(155,207

)

$

(27,265

)

Amazon warrant charges

17,396

9,612

34,734

19,719

Stock-based compensation expense

2,403

2,252

4,180

4,282

Amortization of investment tax credit from consolidated RNG project

—

(207

)

—

(439

)

Accelerated depreciation expense associated with station equipment removal

—

—

50,660

—

Loss from Rimere equity method investment

1,056

—

2,607

—

Loss (gain) from SAFE S.p.A. equity method investment

271

1,250

749

1,095

Loss (gain) from change in fair value of derivative instruments

545

249

1,101

(369

)

Impairment of goodwill

—

—

64,328

—

Holdback payment from prior year extinguishment of loan receivable and preferred stock equity security

—

—

—

(36

)

Amortization of investment tax credit from RNG equity method investments

(1,094

)

(514

)

(1,330

)

(797

)

Non-GAAP net income (loss) attributable to Clean Energy Fuels Corp.

$

337

$

(2,211

)

$

1,822

$

(3,810

)

Diluted weighted-average common shares outstanding

220,726,289

220,257,296

222,859,095

219,964,143

GAAP loss attributable to Clean Energy Fuels Corp. per share

$

(0.09

)

$

(0.07

)

$

(0.70

)

$

(0.12

)

Non-GAAP income (loss) attributable to Clean Energy Fuels Corp. per share

$

0.00

$

(0.01

)

$

0.01

$

(0.02

)

The table below shows Adjusted EBITDA and also reconciles this figure to GAAP net loss attributable to Clean Energy:

Three Months Ended

Six Months Ended

June 30,

June 30,

(in thousands)

2025

2026

2025

2026

Net loss attributable to Clean Energy Fuels Corp.

$

(20,240

)

$

(14,853

)

$

(155,207

)

$

(27,265

)

Income tax expense (benefit)

72

128

(2,860

)

146

Interest expense

7,735

5,505

15,263

11,206

Interest income

(3,088

)

(1,617

)

(5,987

)

(2,999

)

Depreciation and amortization

9,962

10,682

21,569

21,684

Accelerated depreciation expense associated with station equipment removal

—

—

50,660

—

Impairment of goodwill

—

—

64,328

—

Amazon warrant charges

17,396

9,612

34,734

19,719

Stock-based compensation expense

2,403

2,252

4,180

4,282

Amortization of investment tax credit from consolidated RNG project

—

(207

)

—

(439

)

Loss from Rimere equity method investment

1,056

—

2,607

—

Loss (gain) from SAFE S.p.A. equity method investment

271

1,250

749

1,095

Loss (gain) from change in fair value of derivative instruments

545

249

1,101

(369

)

Holdback payment from prior year extinguishment of loan receivable and preferred stock equity security

—

—

—

(36

)

Depreciation and amortization from RNG equity method investments

2,747

3,515

5,493

6,379

Interest expense from RNG equity method investments

216

197

429

393

Interest income from RNG equity method investments

(472

)

(196

)

(1,136

)

(428

)

Amortization of investment tax credit from RNG equity method investments

(1,094

)

(514

)

(1,330

)

(797

)

Adjusted EBITDA

$

17,509

$

16,002

$

34,593

$

32,571

The tables below present a further breakdown of the above consolidated Adjusted EBITDA:

Three Months Ended

Six Months Ended

June 30,

June 30,

(in thousands)

2025

2026

2025

2026

Net loss attributable to fuel distribution*

$

(15,030

)

$

(10,071

)

$

(144,962

)

$

(15,373

)

Income tax expense (benefit)

72

128

(2,860

)

146

Interest expense

7,735

5,505

15,263

11,206

Interest income

(3,088

)

(1,617

)

(5,987

)

(2,999

)

Depreciation and amortization from fuel distribution

9,962

9,341

21,569

18,360

Accelerated depreciation expense associated with station equipment removal

—

—

50,660

—

Impairment of goodwill

—

—

64,328

—

Amazon warrant charges

17,396

9,612

34,734

19,719

Stock-based compensation expense

2,403

2,252

4,180

4,282

Holdback payment from prior year extinguishment of loan receivable and preferred stock equity security

—

—

—

(36

)

Loss from Rimere equity method investment

1,056

—

2,607

—

Loss (gain) from SAFE S.p.A. equity method investment

271

1,250

749

1,095

Loss (gain) from change in fair value of derivative instruments

545

249

1,101

(369

)

Adjusted EBITDA attributable to fuel distribution

$

21,322

$

16,649

$

41,382

$

36,031

Three Months Ended

Six Months Ended

June 30,

June 30,

(in thousands)

2025

2026

2025

2026

Net loss from RNG upstream attributable to Clean Energy Fuels Corp.*

$

(5,210

)

$

(4,782

)

$

(10,245

)

$

(11,892

)

Depreciation and amortization from RNG upstream

2,747

4,856

5,493

9,703

Interest expense from RNG upstream

216

197

429

393

Interest income from RNG upstream

(472

)

(196

)

(1,136

)

(428

)

Amortization of investment tax credit from RNG upstream

(1,094

)

(722

)

(1,330

)

(1,236

)

Adjusted EBITDA of RNG upstream attributable to Clean Energy Fuels Corp.

$

(3,813

)

$

(647

)

$

(6,789

)

$

(3,460

)

Fuel Volume

The following table presents, for the three and six months ended June 30, 2025 and 2026, the amount of total fuel volume the Company sold to customers, with particular focus on RNG volume as a subset of total fuel volume.

Three Months Ended

Six Months Ended

Fuel volume, GGEs(1) sold (in millions),

June 30,

June 30,

correlating to total volume-related product revenue

2025

2026

2025

2026

RNG

61.4

63.2

112.0

130.6

Conventional natural gas

14.9

18.6

31.0

35.9

Total fuel volume

76.3

81.8

143.0

166.5

The following table shows the Company’s sources of revenue for the three and six months ended June 30, 2025 and 2026:

Three Months Ended

Six Months Ended

June 30,

June 30,

Revenue (in millions)

2025

2026

2025

2026

Product revenue:

Volume-related (1)

Fuel sales(2)

$

67.9

$

61.1

$

144.2

$

140.7

Change in fair value of derivative instruments(3)

(0.5

)

(0.2

)

(1.1

)

0.4

RIN Credits(4)

9.2

10.3

14.4

20.3

LCFS Credits(5)

2.7

3.9

6.5

8.3

Total volume-related product revenue

79.3

75.1

164.0

169.7

Station construction sales

7.8

16.0

13.4

24.3

Total product revenue

87.1

91.1

177.4

194.0

Service revenue:

O&M services (2) (6)

14.9

14.8

27.7

29.0

Other services

0.6

0.5

1.3

0.9

Total service revenue

15.5

15.3

29.0

29.9

Total revenue

$

102.6

$

106.4

$

206.4

$

223.9

____________________ (1)

The Company’s volume-related product revenue primarily consists of sales of RNG and conventional natural gas, in the form of CNG and LNG, and sales of RINs and LCFS Credits in addition to changes in fair value of our derivative instruments.

(2)

Includes non-cash stock-based sales incentive contra-revenue charges associated with the Amazon warrant. For the three and six months ended June 30, 2025, contra-revenue charges recognized in fuel sales revenue were $17.4 million and $34.7 million, respectively. For the three and six months ended June 30, 2026, contra-revenue charges recognized in fuel sales were $6.5 million and $14.0 million, respectively, and contra-revenue charges recognized in O&M services revenue for the three and six months ended June 30, 2026, were $3.1 million and $5.7 million, respectively, for a total for the three and six months ended June 30, 2026 of $9.6 million and $19.7 million, respectively, of contra-revenue charges.

(3)

The change in fair value of unsettled derivative instruments is related to the Company’s commodity swap and customer fueling contracts. The amounts are classified as revenue because the Company’s commodity swap contracts are used to economically offset the risk associated with the diesel-to-natural gas price spread resulting from customer fueling contracts under the Company’s truck financing program.

(4)

RIN Credits includes $1.3 million and $2.0 million for the three and six months ended June 30, 2026, related to the Company’s consolidated RNG project.

(5)

LCFS Credits includes $0.3 million and $0.8 million for the three and six months ended June 30, 2026, related to the Company’s consolidated RNG project

(6)

O&M services revenue includes revenues earned from providing operating and maintenance services on natural gas fueling stations owned by our customers for fixed fees or per gallon fees based on the volume of fuel dispensed at the customer station. If we provide the fuel in addition to the O&M services, we include the revenues associated with providing the fuel in volume-related product revenue.

2026 Outlook

Our GAAP net loss for 2026 is expected to range from approximately $(71) million to $(66) million, assuming no unrealized gains or losses on customer contracts relating to the Company’s truck financing program and Amazon warrant charges estimated to be approximately $47 million. Changes in diesel and natural gas market conditions resulting in unrealized gains or losses on the Company’s customer fueling contracts relating to the Company’s truck financing program, and significant variations in the vesting of the Amazon warrant could significantly affect the Company’s estimated GAAP net loss for 2026. Adjusted EBITDA for 2026 is estimated to range from approximately $70 million to $75 million. These expectations exclude the impact of any acquisitions, divestitures, new joint ventures, transactions and other extraordinary events; and macroeconomic conditions and global supply chain issues. Additionally, the expectations regarding 2026 Adjusted EBITDA assume the calculation of this non-GAAP financial measure in the same manner as described above and adding back the estimated Amazon warrant charges described above and without adjustments for any other items that may arise during 2026 that management deems appropriate to exclude. These expectations are forward-looking statements and are qualified by the statement under “Safe Harbor Statement” below.

(in thousands)

2026 Outlook

Net loss attributable to Clean Energy Fuels Corp.

$

(71,000) - (66,000

)

Income tax benefit

600

Interest expense

24,500

Interest income

(4,800

)

Depreciation and amortization

49,000

Stock-based compensation

11,000

Loss from SAFE S.p.A. equity method investment

2,000

Loss from change in fair value of derivative instruments

-

Amazon warrant charges

47,000

Amortization of investment tax credit from consolidated RNG project

(900

)

Depreciation and amortization from RNG equity method investments

14,500

Interest expense from RNG equity method investments

500

Interest income from RNG equity method investments

(300

)

Amortization of investment tax credit from RNG equity method investments

(2,100

)

Adjusted EBITDA

$

70,000 - 75,000

The tables below present a further breakdown of the above consolidated Adjusted EBITDA:

(in thousands)

2026 Outlook

Net loss attributable to fuel distribution*

$

(54,300) - (51,400

)

Income tax benefit

600

Interest expense

24,500

Interest income

(4,800

)

Depreciation and amortization from fuel distribution

41,000

Stock-based compensation

11,000

Loss from SAFE S.p.A. equity method investment

2,000

Loss from change in fair value of derivative instruments

-

Amazon warrant charges

47,000

Adjusted EBITDA attributable to fuel distribution

$

67,000 - 69,900

(in thousands)

2026 Outlook

Net loss attributable to RNG upstream*

$

(16,700) - (14,600

)

Depreciation and amortization from RNG upstream

22,500

Interest expense from RNG upstream

500

Interest income from RNG upstream

(300

)

Amortization of investment tax credit from RNG upstream

(3,000

)

Adjusted EBITDA attributable to RNG upstream

$

3,000 - 5,100

Today’s Conference Call

The Company will host an investor conference call today at 4:30 p.m. Eastern time (1:30 p.m. Pacific). Investors interested in participating in the live call can dial 1.800.343.4136 from the U.S. (Conference ID: CLEAN) and international callers can dial 1.203.518.9843 (Conference ID: CLEAN). A telephone replay will be available approximately three hours after the call concludes through Thursday, August 20, 2026, by dialing 1.844.512.2921 from the U.S., or 1.412.317.6671 from international locations, and entering Replay Pin Number 11162192. There also will be a simultaneous, live webcast available on the Investor Relations section of the Company’s website at www.cleanenergyfuels.com, which will be available for replay for 30 days.

About Clean Energy Fuels Corp.

Clean Energy Fuels Corp. is the country’s largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (“RNG”), a sustainable fuel derived from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada. Visit www.cleanenergyfuels.com and follow @ce_renewables on X (formerly known as Twitter).

Non-GAAP Financial Measures

To supplement the Company’s unaudited condensed consolidated financial statements presented in accordance with GAAP, the Company uses non-GAAP financial measures that it calls non-GAAP income (loss) per share (“non-GAAP income (loss) per share”) and adjusted EBITDA (“Adjusted EBITDA”). Management presents non-GAAP income (loss) per share and Adjusted EBITDA because it believes these measures provide meaningful supplemental information about the Company’s performance for the following reasons: (1) they allow for greater transparency with respect to key metrics used by management to assess the Company’s operating performance and make financial and operational decisions; (2) they exclude the effect of items that management believes are not directly attributable to the Company’s core operating performance and may obscure trends in the business; and (3) they are used by institutional investors and the analyst community to help analyze the Company’s business. In future quarters, the Company may adjust for other expenditures, charges or gains to present non-GAAP financial measures that the Company’s management believes are indicative of the Company’s core operating performance.

Non-GAAP financial measures are limited as an analytical tool and should not be considered in isolation from, or as a substitute for, the Company’s GAAP results. The Company expects to continue reporting non-GAAP financial measures, adjusting for the items described below (and/or other items that may arise in the future as the Company’s management deems appropriate), and the Company expects to continue to incur expenses, charges or gains like the non-GAAP adjustments described below. Accordingly, unless expressly stated otherwise, the exclusion of these and other similar items in the presentation of non-GAAP financial measures should not be construed as an inference that these costs are unusual, infrequent, or non-recurring. Non-GAAP income (loss) per share and Adjusted EBITDA are not recognized terms under GAAP and do not purport to be an alternative to GAAP income (loss), GAAP income (loss) per share or any other GAAP measure as an indicator of operating performance. Moreover, because not all companies use identical measures and calculations, the Company’s presentation of non-GAAP income (loss) per share and Adjusted EBITDA may not be comparable to other similarly titled measures used by other companies.

Non-GAAP Income (Loss) Per Share

Non-GAAP income (loss) per share, which the Company presents as a non-GAAP measure of its performance, is defined as net income (loss) attributable to Clean Energy Fuels Corp., plus Amazon warrant charges, plus stock-based compensation expense, plus the accelerated depreciation expense from the abandonment of certain LNG station assets located at 55 Pilot Flying J locations, plus (minus) loss (income) from Rimere equity method investment, plus (minus) loss (income) from the SAFE S.p.A. equity method investment, plus (minus) any loss (gain) from changes in the fair value of derivative instruments, plus one-off, non-cash charge to Goodwill, (minus) gain on extinguishment of loan receivable and equity security and minus amortization of investment tax credit from RNG equity method investments, the total of which is divided by the Company’s weighted-average common shares outstanding on a diluted basis. The Company’s management believes excluding non-cash expenses related to the Amazon warrant charges provides useful information to investors regarding the Company’s performance because the Amazon warrant charges are measured based upon a fair value determined using a variety of assumptions and estimates, and the Amazon warrant charges do not affect the Company’s operating cash flows related to the delivery and sale of vehicle fuel to its customer. The Company’s management believes excluding non-cash expenses related to stock-based compensation provides useful information to investors regarding the Company’s performance because of the varying available valuation methodologies, the volatility of the expense (which depends on market forces outside of management’s control), the subjectivity of the assumptions and the variety of award types that a company can use, which may obscure trends in a company’s core operating performance. In addition, the Company’s management believes excluding the results from the Rimere equity method investment is useful to investors because Rimere is an investment belonging to the non-core operations of the Company, and its results are not indicative of the Company’s ongoing operations. Similarly, the Company’s management believes excluding the non-cash results from the SAFE S.p.A. equity method investment is useful to investors because these charges are not part of or representative of the core operations of the Company. In addition, the Company’s management believes excluding the non-cash loss (gain) from changes in the fair value of derivative instruments is useful to investors because the valuation of the derivative instruments is based on a number of subjective assumptions, the amount of the loss or gain is derived from market forces outside of management’s control, and the exclusion of these amounts enables investors to compare the Company’s performance with other companies that do not use, or use different forms of, derivative instruments. Furthermore, the Company’s management believes excluding other income relating to the amortization of investment tax credit from RNG equity method investments is useful to investors because such income is not generated from the core operations of the Company and may obscure trends of the Company’s core operations.

Adjusted EBITDA

Adjusted EBITDA, which the Company presents as a non-GAAP measure of its performance, is defined as net income (loss) attributable to Clean Energy Fuels Corp plus (minus) income tax expense (benefit), plus interest expense (including any losses from the extinguishment of debt), minus interest income, plus depreciation and amortization expense, plus the accelerated depreciation expense from the abandonment of certain LNG station assets located at 55 Pilot Flying J locations, plus one-off, non-cash charge to Goodwill, minus gain on extinguishment of loan receivable and equity security, plus Amazon warrant charges, plus stock-based compensation expense, plus (minus) loss (income) from the Rimere equity method investment, plus (minus) loss (income) from the SAFE S.p.A. equity method investment, plus (minus) any loss (gain) from changes in the fair value of derivative instruments, plus depreciation and amortization expense from RNG equity method investments, plus interest expense from RNG equity method investments, minus interest income from RNG equity method investments, and minus amortization of investment tax credit from RNG equity method investments and the Company’s consolidated RNG project. The Company’s management believes Adjusted EBITDA provides useful information to investors regarding the Company’s performance for the same reasons discussed above with respect to non-GAAP income (loss) per share. In addition, management internally uses Adjusted EBITDA to determine elements of executive and employee compensation.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements about, among other things, our fiscal 2026 outlook, our volume growth, customer expansion, network expansion, production sources, joint ventures, governmental regulations, vehicle adoption, and the benefits of our fuels.

Forward-looking statements are statements other than historical facts and relate to future events or circumstances or the Company’s future performance, and are based on the Company’s current assumptions, expectations and beliefs concerning future developments and their potential effect on the Company and its business. As a result, actual results, performance or achievements and the timing of events could differ materially from those anticipated in or implied by these forward-looking statements as a result of many factors including, among others: the willingness of fleets and other consumers to adopt natural gas as a vehicle fuel, and the rate and level of any such adoption; the market’s perception of the benefits of RNG and conventional natural gas relative to other alternative vehicle fuels; natural gas vehicle and engine cost, fuel usage, availability, quality, safety, convenience, design, performance and residual value, as well as operator perception with respect to these factors, in general and in the Company’s key customer markets, including heavy-duty trucking; the Company’s ability to further develop and manage its RNG business, including its ability to procure adequate supplies of RNG and generate revenues from sales of such RNG; the Company and its suppliers’ ability to successfully develop and operate projects and produce expected volumes of RNG; the impact of a bankruptcy or failure of any source owners at our projects; the Company’s dependence on the production of vehicles and engines by manufacturers over which the Company has no control; the long and variable development cycle required to secure ADG RNG from new projects; the potential commercial viability, solvency, financial capacity, and operational capability of livestock waste and dairy farm projects to produce RNG; the Company’s history of net losses and the possibility that the Company could incur additional net losses in the future; the Company’s and its partners’ ability to acquire, finance, construct and develop other commercial projects; the Company’s ability to invest in hydrogen stations or modify its fueling stations to reform its RNG to fuel hydrogen and charge electric vehicles; the future supply, demand, use and prices of crude oil, gasoline, diesel, natural gas, and other vehicle fuels, including overall levels of and volatility in these factors; changes in the competitive environment in which we operate, including potentially increasing competition in the market for vehicle fuels generally; the Company’s ability to manage and increase its business of transporting and selling CNG for non-vehicle purposes via virtual natural gas pipelines and interconnects, as well as its station design and construction activities; construction, permitting and other factors that could cause delays or other problems at station construction projects; the Company’s ability to procure and maintain contracts with government entities; the Company’s ability to execute and realize the intended benefits of any acquisitions, divestitures, investments or other strategic relationships or transactions; significant fluctuations in the Company’s results of operations, which make it difficult to predict future results of operations; the Company’s warranty reserves may not adequately cover its warranty obligations; a future pandemic, epidemic or other infectious disease outbreak; the future availability of and the Company’s access to additional capital, which may include debt or equity financing, in the amounts and at the times needed to fund growth in the Company’s business and the repayment of its debt obligations (whether at or before their due dates) or other expenditures, as well as the terms and other effects of any such capital raising transaction; the Company’s ability to generate sufficient cash flows to repay its debt obligations as they come due; the availability of environmental, tax and other government legislation, regulations, programs and incentives that promote natural gas, such as AFTC, or other alternatives as a vehicle fuel, including long-standing support for gasoline- and diesel-powered vehicles and growing support for electric and hydrogen-powered vehicles that could result in programs or incentives that favor these or other vehicles or vehicle fuels over natural gas; the Company’s ability to comply with various registration and regulatory requirements related to its RNG projects; the effect of, or potential for changes to greenhouse gas emissions requirements or other environmental regulations applicable to vehicles powered by gasoline, diesel, natural gas or other vehicle fuels and crude oil and natural gas fueling, drilling, production, transportation or use; the Company’s ability to manage the health, safety and environmental risks inherent in its operations; the Company’s compliance with all applicable government and environmental regulations; the impact of the foregoing on the trading price of the Company’s common stock; the interests of the Company’s significant stockholders may differ from the Company’s other stockholders; the Company’s ability to protect against any material failure, inadequacy, interruption or security failure of its information technology; the Company’s recent leadership transition; and general political, regulatory, economic and market conditions.

The forward-looking statements made in this press release speak only as of the date of this press release and the Company undertakes no obligation to update publicly such forward-looking statements to reflect subsequent events or circumstances, except as otherwise required by law. The Company’s periodic reports filed with the Securities and Exchange Commission (www.sec.gov), including its Annual Report on Form 10-K for the year ended December 31, 2025 that the Company filed with the Securities and Exchange Commission on February 24, 2026, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 that the Company filed with the Securities and Exchange Commission on May 7, 2026, and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 that the Company expects to file with the Securities and Exchange Commission on or about August 6, 2026, contain additional information about these and other risk factors that may cause actual results to differ materially from the forward-looking statements contained in this press release, and such risk factors may be amended, supplemented or superseded from time to time by other reports the Company files with the Securities and Exchange Commission.

  Clean Energy Fuels Corp. and Subsidiaries

Condensed Consolidated Balance Sheets

(In thousands, except share and per share data; Unaudited)

December 31,

June 30,

2025

2026

Assets

Current assets:

Cash, cash equivalents and restricted cash

$

157,756

$

59,153

Short-term investments

552

80,997

Accounts receivable, net of allowance of $2,069 and $1,604 as of December 31, 2025 and June 30, 2026, respectively

100,793

91,798

Other receivables

6,193

10,195

Inventory

43,906

43,282

Notes receivable - related party

—

—

Prepaid expenses and other current assets

41,139

38,699

Total current assets

350,339

324,124

Operating lease right-of-use assets

87,922

83,281

Land, property and equipment, net

324,040

313,142

Notes receivable and other long-term assets, net

22,194

19,482

Investments in other entities

262,325

276,135

Goodwill

—

—

Intangible assets, net

9,896

9,646

Total assets

$

1,056,716

$

1,025,810

Liabilities and Stockholders' Equity

Current liabilities:

Current portion of debt

$

52

$

56

Current portion of finance lease obligations

1,303

1,192

Current portion of operating lease obligations

9,095

9,579

Accounts payable

26,176

21,148

Accrued liabilities

96,106

89,285

Deferred revenue

18,423

9,449

Total current liabilities

151,155

130,709

Long-term portion of debt

226,727

228,968

Long-term portion of finance lease obligations

2,531

1,849

Long-term portion of operating lease obligations

85,920

80,922

Other long-term liabilities

25,316

24,681

Total liabilities

491,649

467,129

Commitments and contingencies

Stockholders’ equity:

Preferred stock, $0.0001 par value. 1,000,000 shares authorized; no shares issued and outstanding

—

—

Common stock, $0.0001 par value. 454,000,000 shares authorized; 219,331,992 shares and 220,358,166 shares issued and outstanding as of December 31, 2025 and June 30, 2026, respectively

22

22

Additional paid-in capital

1,796,957

1,820,002

Accumulated deficit

(1,234,566

)

(1,261,831

)

Accumulated other comprehensive loss

(2,992

)

(4,861

)

Total Clean Energy Fuels Corp. stockholders’ equity

559,421

553,332

Noncontrolling interest in subsidiary

5,646

5,349

Total stockholders’ equity

565,067

558,681

Total liabilities and stockholders’ equity

$

1,056,716

$

1,025,810

  Clean Energy Fuels Corp. and Subsidiaries

Condensed Consolidated Statements of Operations

(In thousands, except share and per share data; Unaudited)

Three Months Ended

Six Months Ended

June 30,

June 30,

2025

2026

2025

2026

Revenue:

Product revenue

$

87,112

$

91,146

$

177,402

$

194,019

Service revenue

15,501

15,213

28,975

29,896

Total revenue

102,613

106,359

206,377

223,915

Operating expenses:

Cost of sales (exclusive of depreciation and amortization shown separately below):

Product cost of sales

65,193

64,305

133,039

138,109

Service cost of sales

9,237

11,910

17,394

23,009

Selling, general and administrative

27,453

24,590

54,917

49,136

Depreciation and amortization

9,962

10,682

72,229

21,684

Impairment of goodwill

—

—

64,328

—

Total operating expenses

111,845

111,487

341,907

231,938

Operating loss

(9,232

)

(5,128

)

(135,530

)

(8,023

)

Interest expense

(7,735

)

(5,505

)

(15,263

)

(11,206

)

Interest income

3,088

1,617

5,987

2,999

Other income, net

73

296

81

639

Loss from equity method investments

(6,530

)

(6,187

)

(13,574

)

(11,825

)

Loss before income taxes

(20,336

)

(14,907

)

(158,299

)

(27,416

)

Income tax (expense) benefit

(72

)

(128

)

2,860

(146

)

Net loss

(20,408

)

(15,035

)

(155,439

)

(27,562

)

Loss attributable to noncontrolling interest

168

182

232

297

Net loss attributable to Clean Energy Fuels Corp.

$

(20,240

)

$

(14,853

)

$

(155,207

)

$

(27,265

)

Net loss attributable to Clean Energy Fuels Corp. per share:

Basic and diluted

$

(0.09

)

$

(0.07

)

$

(0.70

)

$

(0.12

)

Weighted-average common shares outstanding:

Basic and diluted

220,393,997

220,257,296

222,024,912

219,964,143

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