Clean Energy Reports Revenue up 43% in First Quarter of 2014
Clean Energy Fuels Corp. (NASDAQ: CLNE) has announced operating results for the first quarter ended March 31, 2014 in revenue was $95.3 million, up from $93.0 million for the first quarter of 2013.
In the same period, gallons delivered totaled 59.3 million gallons, compared to 49.9 million gallons delivered in the same period a year ago.
Andrew J. Littlefair, Clean Energy’s President and Chief Executive Officer, stated “We believe our years of experience and leadership position in established markets like refuse and transit are positioning us extremely well to capitalize on the young, but significant opportunity in the heavy-duty truck market. Opening stations and adding incremental volume to existing stations are top priorities for our company and we continue to make significant progress toward those goals.”
Adjusted EBITDA for the first quarter of 2014 was $(6.8) million. This compares with adjusted EBITDA of $20.0 million in the first quarter of 2013.
Clean Energy Fuels is the largest provider of natural gas fuel for transportation in North America. The company builds and operates CNG and LNG fueling stations; manufactures CNG and LNG equipment and technologies for itself and other companies; develops RNG production facilities; and delivers more CNG, LNG, and Redeem RNG fuel than any other company in the U.S.
More at: www.cleanenergyfuels.com.
Category: General Update
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