For the quarter ended March 2024, Clean Energy Fuels (CLNE) reported revenue of $103.71 million, down 21.5% over the same period last year. EPS came in at -$0.01, compared to -$0.07 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $106.63 million, representing a surprise of -2.74%. The company delivered an EPS surprise of +66.67%, with the consensus EPS estimate being -$0.03.While investors scrutinize revenue and earnings changes year-over-year and how they compare wi ...

Table of Contents Washington, DC 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-33480 Delaware 33-0968580 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) (949) 437-1000 | --- | --- | --- | |------------------- ...

Exhibit 99.1 NEWPORT BEACH, Calif. — (BUSINESS WIRE) — May 9, 2024 — Clean Energy Fuels Corp. (NASDAQ: CLNE) ("Clean Energy" or the "Company") today announced its operating results for the first quarter of 2024. Operational and Strategic Highlights Commentary by Andrew J. Littlefair, President and Chief Executive Officer Summary and Review of Results combined with higher amortization of debt discount and issuance costs and expansion of our RNG investments, respectively. Selling, general and administrative e ...

The upcoming report from Clean Energy Fuels (CLNE) is expected to reveal quarterly loss of $0.03 per share, indicating an increase of 57.1% compared to the year-ago period. Analysts forecast revenues of $106.63 million, representing a decrease of 19.3% year over year.The consensus EPS estimate for the quarter has been revised 5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Befo ...

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19 Acquisition, financing, construction, and development of projects by us or our partners that own projects and divestitures, investments or other strategic relationships, may not commence on anticipated timelines or at all, may not meet expectations, and may otherwise harm our business. Additionally, we may acquire or invest in other companies or businesses or pursue other strategic transactions or relationships, such as joint ventures, collaborations, divestitures, or other similar arrangements. These st ...

For the quarter ended December 2023, Clean Energy Fuels (CLNE) reported revenue of $106.86 million, down 6.1% over the same period last year. EPS came in at $0.01, compared to $0.01 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $106.5 million, representing a surprise of +0.34%. The company delivered an EPS surprise of -50.00%, with the consensus EPS estimate being $0.02.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

Clean Energy Fuels (CLNE) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -50%. A quarter ago, it was expected that this provider of natural gas as an alternative fuel for vehicle fleets would post a loss of $0.01 per share when it actually produced break-even earnings, delivering a s ...

Financial Performance - Revenue for Q4 2023 was $106.9 million, a decrease from $113.8 million in Q4 2022[5] - Net loss attributable to Clean Energy for Q4 2023 was $(18.7) million, or $(0.08) per share, compared to $(12.3) million, or $(0.06) per share in Q4 2022[5] - Adjusted EBITDA for Q4 2023 was $21.2 million, significantly higher than $12.2 million in Q4 2022[5] - Total revenue for the year ended December 31, 2023, was $425.2 million, slightly up from $420.2 million in 2022, indicating a growth of 1%[11] - Total revenue for Q4 2023 was $106.857 million, a decrease of 6.5% compared to $113.756 million in Q4 2022[37] - Product revenue for Q4 2023 was $93.2 million, down from $101.3 million in Q4 2022, reflecting a decrease of 8%[11] - Service revenue increased to $13.668 million in Q4 2023 from $12.481 million in Q4 2022, showing a growth of 9.5%[37] - Operating loss for Q4 2023 was $(6.569) million, compared to an operating loss of $(11.149) million in Q4 2022, indicating an improvement of 41.7%[37] Future Outlook - The 2024 outlook includes a GAAP net loss of approximately $(111) million to $(101) million and an adjusted EBITDA of $62 million to $72 million[5] - GAAP net loss for 2024 is projected to be between $(111) million and $(101) million, including estimated Amazon warrant charges of approximately $69 million[18] - Adjusted EBITDA for 2024 is estimated to range from $62 million to $72 million, reflecting the company's operational performance expectations[18] - The company anticipates volume growth and customer expansion in fiscal 2024, with a focus on alternative vehicle fuels[30] Revenue Sources - Renewable natural gas (RNG) gallons sold reached 57.0 million in Q4 2023, a 4.8% increase compared to Q4 2022; total RNG gallons sold for 2023 were 225.7 million, up 13.9% from 198.2 million in 2022[3] - Q4 2023 included $5.9 million of alternative fuel excise tax credit (AFTC) revenue, compared to $5.5 million in Q4 2022[6] - RIN and LCFS revenues for Q4 2023 were $11.5 million, up from $10.2 million in Q4 2022, driven by higher RIN credit prices[7] - RIN Credits revenue increased from $7.7 million in Q4 2022 to $9.2 million in Q4 2023, a growth of 19%[11] - LCFS Credits revenue remained stable at approximately $2.4 million in Q4 2023 compared to $2.5 million in Q4 2022[11] Assets and Liabilities - Total assets increased from $1,082,357 million as of December 31, 2022, to $1,259,458 million as of December 31, 2023, representing a growth of approximately 16.3%[40] - Total current assets slightly decreased from $471,720 million in 2022 to $470,175 million in 2023, a decline of about 0.3%[40] - Cash and cash equivalents increased from $125,950 million to $139,569 million, a rise of approximately 10.7%[40] - Accounts receivable rose from $91,430 million to $98,426 million, reflecting an increase of about 7.2%[40] - Total liabilities increased significantly from $354,886 million in 2022 to $525,811 million in 2023, marking an increase of approximately 48.1%[40] - Long-term debt rose from $145,471 million to $261,123 million, an increase of about 79.5%[40] - Stockholders' equity increased from $727,471 million to $733,647 million, a growth of approximately 0.9%[40] - The accumulated deficit widened from $(829,975) million to $(929,472) million, indicating a decrease in retained earnings[40] - Operating lease right-of-use assets increased from $52,586 million to $92,324 million, a growth of approximately 75.5%[40] - Inventory increased from $37,144 million to $45,335 million, reflecting a rise of about 22.0%[40] Strategic Initiatives - Completed construction on two dairy farm RNG digester projects with total costs of $72 million, involving 11,500 dairy cows[3] - The company plans to continue expanding its network of fueling stations across the U.S. and Canada to support its growth strategy[24] - The company is focused on decarbonizing transportation through the development and delivery of renewable natural gas (RNG)[23] - The company is exploring investments in hydrogen stations and modifications to existing fueling stations to support hydrogen and electric vehicle charging[31] Market Conditions and Risks - The company faces risks including market competition, regulatory changes, and the impact of the COVID-19 pandemic on operations and demand[31] - The company reported a weighted-average common shares outstanding of 223,016,010 for Q4 2023, slightly up from 222,429,591 in Q4 2022[37]

HASLET & DALLAS, Texas--(BUSINESS WIRE)--Clean Energy Fuels Corp. (Nasdaq: CLNE) announced the opening of two new fueling stations that offer heavy-duty truck and other fleet vehicles renewable natural gas (RNG), one of the only fuels that receives a carbon-negative rating. A station in North Fort Worth, near Alliance and DFW airports, and another in South Dallas close to I-45, I-35 and I-20, are strategically located near dozens of distribution centers and allow trucks to take advantage of a fuel that prov ...