Loading...
•
Sep 30, 2022
Clean Energy Q3 2022 Earnings Report
Clean Energy reported revenue increase driven by higher natural gas and RIN prices and growth in RNG volume.
Key Takeaways
Clean Energy Fuels Corp. reported a revenue of $125.7 million for Q3 2022, a $39.6 million increase compared to Q3 2021. The company sold 54.1 million gallons of RNG, a 28.2% increase compared to the same quarter last year. Net loss attributable to Clean Energy for the quarter was $(9.0) million, or $(0.04) per share.
Revenue for the third quarter of 2022 was $125.7 million, an increase of $39.6 million compared to the third quarter of 2021.
The Company sold 54.1 million gallons of renewable natural gas (“RNG”) in the third quarter of 2022, a 28.2% increase compared to the third quarter of 2021.
Net loss attributable to Clean Energy for the third quarter of 2022 was $(9.0) million, or $(0.04) per share, compared to $(3.9) million, or $(0.02) per share, for the third quarter of 2021.
Alternative fuel excise tax credit (“AFTC”) revenue was $16.1 million in the third quarter of 2022, compared to AFTC revenue of $5.3 million in the third quarter of 2021.
Forward Guidance
GAAP net loss for 2022 is expected to be approximately $(58) million and Adjusted EBITDA for 2022 is estimated to be approximately $60 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...