Clean Energy Fuel 2nd Quarter Revenue up 19%

Clean Energy Fuels Corp. (NASDAQ: CLNE) has reported that for the second quarter of 2014 gallons delivered totaled 64.8 million gallons, up 23% from the 52.6 million gallons delivered in the same period a year ago and revenue for the same period was $98.1 million, up from $88.1 million for the second quarter of 2013.

For the six months ended June 30, 2014, revenue totaled $193.4 million, up from $181.2 million a year ago.

Andrew J. Littlefair, Clean Energy’s President and Chief Executive Officer, stated: “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.”

The company also made inroads into two newer markets, ready mix and bulk fuel hauling, during the quarter.

Clean Energy’s businesses of refuse, transit and airports continue to produce record volume levels.

Category: General Update