Welcome to our dedicated page for Clean Energy Fuels news (Ticker: CLNE), a resource for investors and traders seeking the latest updates and insights on Clean Energy Fuels stock.
Clean Energy Fuels Corp. (CLNE) is the leading provider of natural gas fuel for transportation in North America. The company fuels over 35,000 vehicles daily at about 500 fueling stations across the United States and Canada. Clean Energy caters to a broad customer base, including sectors like trucking, airport shuttles, taxis, refuse collection, and public transit.
The company specializes in building and operating compressed natural gas (CNG) and liquefied natural gas (LNG) fueling stations. They also manufacture CNG and LNG equipment and technologies for their own use and for other companies. In addition, Clean Energy Fuels develops renewable natural gas (RNG) production facilities, aiming to provide a more sustainable future for transportation.
Clean Energy Fuels Corp. operates primarily in the U.S. and Canada, generating the majority of its revenue from compressed natural gas sales. The company purchases natural gas from local utilities and processes it—either compressing, cooling, or liquefying it—at their own plants. The processed natural gas products are then sold through a network of company-owned or customer-owned fueling stations. This vertically integrated approach helps ensure a reliable supply chain and consistent product quality.
In recent years, Clean Energy has made significant strides in expanding its RNG production facilities, tapping into an innovative and eco-friendly fuel source derived from organic waste. This RNG initiative aligns with global sustainability goals and provides a renewable alternative to traditional fossil fuels.
Furthermore, the company maintains strategic partnerships and collaborations with key industry players and governmental bodies, enhancing its market reach and technological capabilities. Financially, Clean Energy continues to capitalize on the growing demand for cleaner transportation solutions.
For those interested in exploring career opportunities with Clean Energy Fuels Corp., please visit their official careers page at Clean Energy Careers.
Tourmaline Oil Corp. and Clean Energy Fuels Corp. announced a $70 million Joint Development Agreement to create a network of compressed natural gas (CNG) stations across Western Canada. This collaboration aims to construct up to 20 CNG stations over five years, facilitating heavy-duty trucks' transition to CNG, a more sustainable fuel. The partnership is expected to provide significant CO2 emission reductions and cost savings, with up to 50% savings compared to diesel prices. An estimated 3,000 CNG-powered trucks could be fueled daily, reducing 72,800 tonnes of CO2 equivalent annually. Mullen Group has shown support as an early adopter of this initiative, indicating its commitment to sustainability.
Clean Energy Fuels Corp. (CLNE) will announce its Q1 2023 financial results on May 9, 2023, after market close. The subsequent investor conference call is scheduled for 4:30 PM ET. Key executives, including CEO Andrew J. Littlefair and CFO Robert M. Vreeland, will lead the discussion. Investors can participate via dial-in or through a live webcast available on the company's Investor Relations website. Replay options will be available for those who miss the live event, lasting until June 9, 2023. Clean Energy Fuels specializes in renewable natural gas and operates a comprehensive network of fueling stations across the U.S. and Canada.
Clean Energy Fuels Corp. (NASDAQ: CLNE) reported its fourth quarter and year-end results for 2022, showcasing a 21% increase in renewable natural gas (RNG) deliveries compared to Q4 2021. The company sold 54.4 million gallons of RNG in Q4 2022, contributing to total revenue of $113.8 million, up from $91.9 million a year earlier. However, the financials were impacted by $8.8 million in Amazon warrant charges. A net loss of $12.3 million was reported for Q4 2022, contrasted with a loss of $2.4 million in Q4 2021. For the full year, revenue reached $420.2 million, driven by higher natural gas prices and increased sales volume. Despite ongoing challenges, the company holds a well-funded balance sheet and expects a GAAP net loss of $105 million to $115 million in 2023.
Clean Energy Fuels Corp. (Nasdaq:CLNE) will release its fourth quarter 2022 financial results on February 28, 2023, after market close. A conference call hosted by CEO Andrew J. Littlefair and CFO Robert M. Vreeland will follow at 4:30 p.m. Eastern time. Investors can join the call at 1.877.407.0784 (U.S.) or 1.201.689.8560 (international). A replay will be available until March 28, 2023. The conference will also be webcast live on the company’s website, with a 30-day replay available. Clean Energy Fuels focuses on decarbonizing transportation through renewable natural gas, providing cleaner fuel options across the U.S. and Canada.
Clean Energy Fuels Corp. (NASDAQ: CLNE) has initiated production of renewable natural gas (RNG) at Del Rio Dairy, marking its first investment in negative carbon-intensive fuel. The company has secured a contract with San Diego Metropolitan Transit System to supply approximately 86 million gallons of RNG for its bus fleet, contributing to a significant reduction of about 73,972 metric tons of CO2 annually. Clean Energy is actively expanding RNG production and has partnered with major energy companies to enhance sustainability projects across the U.S. New client agreements include fueling contracts with various transit authorities and logistics firms.
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