Clean Energy Fuels (CLNE) Misses Q3 EPS by 48c

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Go back to Clean Energy Fuels (CLNE) Misses Q3 EPS by 48c

Clean Energy Moves to Streamline Operations; Volumes Continue to Grow in the Third Quarter of 2017

November 2, 2017 4:00 PM EDT

NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Clean Energy Fuels Corp. (NASDAQ: CLNE) ("Clean Energy" or the "Company") today announced its operating results for the third quarter of 2017, including continued volume growth for the period, as well as recent operational and strategic steps taken to streamline operations and reduce expenses.

During the third quarter of 2017, the Company initiated the following one-time actions, which it believes will significantly improve its operating and financial performance:

Closing 42 underperforming and unprofitable stations; Reducing annual selling, general and administrative expenses by approximately $15... More