Clean Energy Fuels Corp Stock Price, News & Analysis

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.

Clean Energy Fuels Corp. (Nasdaq:CLNE) will release its fourth quarter 2022 financial results on February 28, 2023, after market close. A conference call hosted by CEO Andrew J. Littlefair and CFO Robert M. Vreeland will follow at 4:30 p.m. Eastern time. Investors can join the call at 1.877.407.0784 (U.S.) or 1.201.689.8560 (international). A replay will be available until March 28, 2023. The conference will also be webcast live on the company’s website, with a 30-day replay available. Clean Energy Fuels focuses on decarbonizing transportation through renewable natural gas, providing cleaner fuel options across the U.S. and Canada.

Clean Energy Fuels Corp. (NASDAQ: CLNE) has initiated production of renewable natural gas (RNG) at Del Rio Dairy, marking its first investment in negative carbon-intensive fuel. The company has secured a contract with San Diego Metropolitan Transit System to supply approximately 86 million gallons of RNG for its bus fleet, contributing to a significant reduction of about 73,972 metric tons of CO2 annually. Clean Energy is actively expanding RNG production and has partnered with major energy companies to enhance sustainability projects across the U.S. New client agreements include fueling contracts with various transit authorities and logistics firms.

Clean Energy Fuels Corp. (CLNE) has opened a new renewable natural gas (RNG) fueling station in Romeoville, IL, aimed at significantly reducing carbon emissions for Amazon's fleet. The station will dispense approximately 1.4 million gallons of RNG annually, translating to a reduction of 15,219 metric tons of CO2 emissions. This expansion is part of an agreement with Amazon to establish 19 RNG stations nationwide, enhancing the sustainability of the transportation sector.

Clean Energy Fuels Corp. (NASDAQ: CLNE) has launched a renewable natural gas (RNG) station in Bellefonte, PA, for the Centre County Recycling and Refuse Authority (CCRRA). This station will provide RNG to help fleets reduce carbon emissions, achieving an anticipated annual dispensing of 500,000 gallons. The switch from conventional natural gas to RNG is projected to cut carbon emissions by 3,696 metric tons yearly, equating to removing 803 cars from the road. Clean Energy aims to provide RNG at all stations by 2025, further promoting sustainability in the transportation sector.

Clean Energy Fuels Corp. (NASDAQ: CLNE) reported strong third-quarter results with revenue reaching $125.7 million, up from $86.1 million in Q3 2021. This growth is driven by a 28.2% increase in renewable natural gas (RNG) sales, totaling 54.1 million gallons. The Inflation Reduction Act's extension of the alternative fuel tax credit significantly boosted revenue, generating $16.1 million from this source. However, the company experienced a net loss of $(9.0) million for the quarter, impacted by $7.0 million in Amazon warrant charges.

Clean Energy Fuels Corp. (CLNE) will announce its third quarter 2022 financial results on November 8, 2022, following which an investor conference call will take place at 4:30 p.m. Eastern time. CEO Andrew J. Littlefair and CFO Robert M. Vreeland will lead the discussion. Investors can join the live conference by calling 1.800.458.4121 or 1.646.828.8193 for international calls. A replay will be available for a month. Clean Energy Fuels focuses on providing renewable natural gas (RNG) to decarbonize transportation, benefiting various vehicle types across the U.S. and Canada.

Clean Energy Fuels Corp. celebrates the opening of its new renewable natural gas (RNG) station in Groveport, Ohio, marking the first of 19 stations under agreement with Amazon. This facility aims to supply RNG for Amazon's trucks and other local fleets, promoting sustainability.

By dispensing about 700,000 gallons of RNG annually, it is projected to reduce carbon emissions significantly. Additionally, the station is part of larger efforts to develop RNG production from organic waste, including dairy farm collaborations.