Clean Energy Fuels Corp. (CLNE) Reports In-Line Q2 EPS
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Revenue Growth %: -24.1%
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Income from equity method investments: -13K
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Clean Energy Fuels Corp. (NASDAQ: CLNE) reported Q2 EPS of ($0.28), in-line with the analyst estimate of ($0.28). Revenue for the quarter came in at $98.1 million versus the consensus estimate of $93.53 million.
Andrew J. Littlefair, Clean Energy’s President and Chief Executive Officer, stated: “It was a very productive quarter at Clean Energy with the opening of the I-10 corridor from L.A. to Houston and the I-40 corridor from L.A. to Oklahoma City to heavy duty trucks fueling at our stations. Our nationwide network of natural gas fueling stations continues to expand as the number of trucking fleets that are either testing natural gas trucks or increasing their current count is rapidly expanding.”
Littlefair continued: “We also opened a CNG station, which in addition to fueling vehicles, is providing natural gas to energy-intensive users that are beyond the reach of a pipeline in New England. After being opened for only a few weeks, we see it on track to become one of our highest volume stations. In addition to this new market, we also made additional inroads into two of our newer markets, ready mix and bulk fuel hauling, during the quarter. Lastly, our established businesses of refuse, transit and airports continue to produce record volume levels.”
For earnings history and earnings-related data on Clean Energy Fuels Corp. (CLNE) click here.
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