Welcome to our dedicated page for Clean Energy Fuels news (Ticker: CLNE), a resource for investors and traders seeking the latest updates and insights on Clean Energy Fuels stock.
Clean Energy Fuels Corp (CLNE) delivers renewable natural gas (RNG) and low-carbon fueling solutions for commercial transportation. This news hub provides investors and industry stakeholders with essential updates on the company's strategic initiatives, operational developments, and market leadership in sustainable energy.
Access official press releases, financial announcements, and operational milestones covering key areas including RNG production expansion, fueling infrastructure growth, and partnerships with transportation fleets. Our curated collection helps track Clean Energy's progress in decarbonizing heavy-duty transport sectors through innovative natural gas solutions.
Discover updates on regulatory compliance achievements, technology innovations in fuel processing, and sustainability certifications. The resource serves professionals needing to monitor Clean Energy's position within evolving energy transition policies and competitive alternative fuel markets.
Bookmark this page for direct access to verified CLNE developments, including quarterly financial results, contract awards with municipal transit systems, and advancements in waste-to-RNG projects. Stay informed about the company's role in shaping North America's clean transportation infrastructure.
Tourmaline Oil Corp. and Clean Energy Fuels Corp. announced a $70 million Joint Development Agreement to create a network of compressed natural gas (CNG) stations across Western Canada. This collaboration aims to construct up to 20 CNG stations over five years, facilitating heavy-duty trucks' transition to CNG, a more sustainable fuel. The partnership is expected to provide significant CO2 emission reductions and cost savings, with up to 50% savings compared to diesel prices. An estimated 3,000 CNG-powered trucks could be fueled daily, reducing 72,800 tonnes of CO2 equivalent annually. Mullen Group has shown support as an early adopter of this initiative, indicating its commitment to sustainability.
Clean Energy Fuels Corp. (CLNE) will announce its Q1 2023 financial results on May 9, 2023, after market close. The subsequent investor conference call is scheduled for 4:30 PM ET. Key executives, including CEO Andrew J. Littlefair and CFO Robert M. Vreeland, will lead the discussion. Investors can participate via dial-in or through a live webcast available on the company's Investor Relations website. Replay options will be available for those who miss the live event, lasting until June 9, 2023. Clean Energy Fuels specializes in renewable natural gas and operates a comprehensive network of fueling stations across the U.S. and Canada.
Clean Energy Fuels Corp. (NASDAQ: CLNE) reported its fourth quarter and year-end results for 2022, showcasing a 21% increase in renewable natural gas (RNG) deliveries compared to Q4 2021. The company sold 54.4 million gallons of RNG in Q4 2022, contributing to total revenue of $113.8 million, up from $91.9 million a year earlier. However, the financials were impacted by $8.8 million in Amazon warrant charges. A net loss of $12.3 million was reported for Q4 2022, contrasted with a loss of $2.4 million in Q4 2021. For the full year, revenue reached $420.2 million, driven by higher natural gas prices and increased sales volume. Despite ongoing challenges, the company holds a well-funded balance sheet and expects a GAAP net loss of $105 million to $115 million in 2023.
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