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Dec 31, 2021
Clean Energy Q4 2021 Earnings Report
Clean Energy's Q4 2021 earnings were announced, revealing a revenue increase driven by higher demand for RNG and overall volume growth, despite non-cash charges related to Amazon warrants.
Key Takeaways
Clean Energy Fuels Corp. reported a revenue of $91.9 million for Q4 2021, representing a 22.6% increase compared to Q4 2020. The increase was driven by higher demand for RNG, with total delivered gallons reaching 104.6 million. However, the company reported a net loss of $2.4 million, impacted by Amazon warrant charges.
Delivered 104.6 million gallons, a 9% increase from Q4 2020.
RNG delivery increased by 9% to 44.9 million gallons.
Revenue reached $91.9 million, a 22.6% increase year-over-year.
Net loss attributable to Clean Energy was $2.4 million, or $(0.01) per share.
Revenue by Segment
Forward Guidance
Clean Energy provided its outlook for 2022, expecting a GAAP net loss of approximately ($57) million and Adjusted EBITDA of $65 million.
Positive Outlook
- Adjusted EBITDA for 2022 is estimated to be $65 million.
- Expects to maintain volume growth and customer expansion.
- Focus on RNG development and supply.
- Continued leadership in clean transportation.
- Strong demand for RNG from key customers.
Challenges Ahead
- GAAP net loss for 2022 is expected to be approximately ($57) million.
- Loss estimate includes Amazon warrant charges estimated to be $44 million.
- Changes in diesel and natural gas market conditions could affect GAAP net loss.
- Significant variations in the vesting by Amazon of the Amazon warrants could affect the Company’s estimated GAAP net loss for 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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