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

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Clean Energy Reports 103.3 Million Gallons Delivered and Revenue of $119.6 Million for Fourth Quarter of 2019

March 10, 2020 4:05 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 fourth quarter of 2019.

Andrew J. Littlefair, Clean Energys President and Chief Executive Officer, stated Our volume continues to grow at a good pace with a 10% increase for the year over 2018 as we exceeded the 100 million gallon mark in the fourth quarter for the second consecutive quarter. Our financial position dramatically improved in the quarter, lifted nicely by $47.1 million in Alternative Fuels Tax Credit revenue, positioning us well going into... More