Clean Energy Fuels (CLNE) Tops Q4 EPS by 4c, Revenues Beat

Clean Energy Fuels (NASDAQ: CLNE) reported Q4 EPS of ($0.01), $0.04 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $96.2 million versus the consensus estimate of $77.53 million.

Andrew J. Littlefair, Clean Energy’s President and Chief Executive Officer, stated: “We’re exiting 2018 with good volume growth and excellent momentum from a successful year. Our operating results for 2018 were the best in the past five years and we finished 2018 with more cash and investments than debt, this after paying down $185.5 million in convertible debt during the year leaving us with only $50 million of convertible debt due in July 2020. We go into 2019 with two of the largest energy companies in the world, Total and BP, as key partners. Total is our largest shareholder and has been instrumental in supporting our exciting Zero Now truck financing program, while during the fourth quarter we expanded our relationship with BP allowing us to accelerate and expand the distribution of our Redeem renewable fuel. These are strong relationships and we’re excited for what the future holds.”

For earnings history and earnings-related data on Clean Energy Fuels (CLNE) click here.

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