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Jun 30, 2023
Clean Energy Q2 2023 Earnings Report
Clean Energy reported a revenue of $90.5 million and 58.6 million RNG gallons sold.
Key Takeaways
Clean Energy Fuels Corp. reported a revenue of $90.5 million for Q2 2023, compared to $97.2 million in Q2 2022. The company's net loss attributable to Clean Energy for Q2 2023 was $(16.3) million, or $(0.07) per share. Renewable natural gas (RNG) gallons sold reached 58.6 million gallons in Q2 2023, a 17.2% increase compared to Q2 2022.
Revenue for Q2 2023 was $90.5 million, a decrease from $97.2 million in Q2 2022.
Net loss attributable to Clean Energy for Q2 2023 was $(16.3) million, or $(0.07) per share, compared to $(13.2) million, or $(0.06) per share, for Q2 2022.
Adjusted EBITDA was $12.1 million for Q2 2023, compared to $10.0 million for Q2 2022.
RNG gallons sold increased by 17.2% to 58.6 million gallons in Q2 2023 compared to Q2 2022.
Forward Guidance
The company reaffirmed its 2023 outlook, expecting a GAAP net loss of approximately $(105) million to $(115) million and an adjusted EBITDA of $50 million to $60 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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