NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Clean Energy Fuels Corp. (Nasdaq: CLNE) announced the successful completion and operational launch of its latest renewable natural gas (RNG) production facility at Tri-Cross Dairy in Viborg, South Dakota. The new RNG facility sits on a 5,000-cow dairy farm and is forecasted to produce 1 million gallons annually of negative carbon-intensity RNG. The project represents a significant milestone in Clean Energy’s ongoing leadership in providing the cleanest fuel for the t ...

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Clean Energy Fuels Corp. (Nasdaq: CLNE) announced today it will release financial results for the fourth quarter of 2023 on February 27, 2024 after market close, followed by an investor conference call at 4:30 p.m. Eastern time (1:30 p.m. Pacific time). President and Chief Executive Officer of Clean Energy Andrew J. Littlefair and Chief Financial Officer Robert M. Vreeland will host the call. Investors interested in participating in the live call can dial 1.888.886.7 ...

Financial Data and Key Metrics Changes - The company reported revenue of $95.6 million for Q3 2023, down from $125.7 million in Q3 2022, reflecting a decline of $30 million [18] - GAAP operating loss for Q3 2023 was $21.4 million, compared to a loss of $8.6 million in the same quarter last year, indicating a $12.8 million increase in losses [19] - Adjusted EBITDA for Q3 2023 was $14.2 million, down from $23.9 million in Q3 2022, a decrease of $9.7 million [58] Business Line Data and Key Metrics Changes - RNG volume delivered was 56.7 million gallons in Q3 2023, up 5% year-over-year but down 3% sequentially from Q2 2023 due to RNG shortages [35] - The adjusted EBITDA comprised $15.5 million from the distribution business and a negative $1.3 million from the dairy RNG production business [37] Market Data and Key Metrics Changes - RIN pricing exceeded expectations and remained high in Q4 2023, contributing positively to earnings [17] - The company noted a lower share of RIN values due to a mix issue, affecting overall earnings [42] Company Strategy and Development Direction - The company remains optimistic about its RNG strategy, emphasizing the importance of a national fueling infrastructure to optimize RNG deliveries [10][11] - Significant investments are being made in RNG production projects, with a focus on dairy RNG production [27] - The introduction of Cummins' new 15-liter natural gas engine is seen as a game changer for the heavy-duty truck market, expected to increase RNG demand significantly [29][30] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that Q3 results fell short of expectations but highlighted that key strategic milestones are being executed without significant obstacles [25] - The company is optimistic about the future of RNG, citing strong demand from major companies and the potential for increased market penetration of natural gas trucks [15][31] Other Important Information - The company is on track to meet its RNG supply timeline through constructed projects and potential acquisitions [11] - The company has secured partnerships with major players in the energy sector, enhancing its credibility and investment potential in the RNG space [9] Q&A Session Summary Question: Can you expand on the RNG shortages? - Management indicated that the shortages were due to both supply issues and their own production delays, with some low CI projects experiencing startup and certification delays [39][40] Question: What is the impact of lower RIN values? - Management confirmed that the lower RIN values were due to a mix issue rather than a fundamental change in their share of the market [42] Question: What is the status of RNG production projects? - Management confirmed that they are on track for six projects to be producing gas by the end of 2023, with a pipeline of additional projects in development [44][46] Question: How do you see the ramp rate for the new 15-liter engine? - Management expressed confidence in the ramp rate, expecting significant increases in production and sales over the next few years [68] Question: What are the competitive dynamics in the dairy RNG market? - Management noted that while the current low LCFS prices have made it tougher to sign new dairies, a higher LCFS price would likely spark more interest [98][112]

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 September 30, 2023 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 4675 MacArthur Court, Suite 800, Newport Beach, CA 92660 (Registrant's telephone number, including area code) If an emerging growth company, indicate by check mark if the ...

Clean Energy Fuels Corp. (NASDAQ:CLNE) Q2 2023 Earnings Call Transcript August 9, 2023 4:30 PM ET Company Participants Andrew Littlefair - President & CEO Robert Vreeland - CFO Conference Call Participants Eric Stine - Craig Hallum Rob Brown - Lake Street Capital Dushyant Ailani - Jefferies Manav Gupta - UBS Derrick Whitfield - Stifel Michael Blair - TPH Pavel Molchanov - Raymond James Ryan Todd - Piper Sandler Patty Zhang - Scotiabank Jason Gabelman - Cowen Operator Greetings and welcome to Clean Energy Fu ...

Table of Contents SECURITIES AND EXCHANGE COMMISSION FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 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 (Exact name of registrant as specified in its charter) 4675 MacArthur Court, Suite 800, Newport Beach, CA 92660 (949) 437-1000 Securities registered pur ...

6 Accessible: Extensive network of fueling stations nationwide 8 RNG supply Dairy RNG production – Produce RNG from dairy farms with JV partners Total Energies and BP – All gas produced goes to fill CLNE demand RNG sources | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|--------------------------------|-----------|---------------|-------|-------|--------------------------------|-------|-------|-----------------------------|-------|-------|---- ...

Clean Energy Fuels Corporation (NASDAQ:CLNE) Q1 2023 Earnings Conference Call May 9, 2023 4:30 PM ET Company Participants Robert Vreeland - CFO Andrew Littlefair - Co-Founder, President, CEO & Director Conference Call Participants Eric Stine - Craig-Hallum Robert Brown - Lake Street Capital Markets Manav Gupta - UBS Matthew Blair - Tudor, Pickering, Holt & Co. Dushyant Ailani - Jefferies Jason Gabelman - TD Cowen Craig Shere - Tuohy Brothers Paul Cheng - Scotiabank Operator Good afternoon, ladies and gentl ...

22 As of December 31, 2022 and March 31, 2023, the Company had other outstanding debt bearing interest at 4.75% that will be due in 2023. | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-----------------------------------|----------------|-----------------------------| | Net loss attributable to Clean Energy Fuels Corp. | | $ | Three March \n2022 \n(24,191) | Months \n ...

Ce Elean Co Energy This presentation 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, the ability of Clean Energy Fuels Corp. (the "Company") to provide alternative fuels for transportation. to manage and grow its business of transporting and selling compressed natural gas for nonvehicle purposes via virtual natural gas pipelines ...