Clean Energy Fuels: Q1 Earnings Snapshot

NEWPORT BEACH, Calif. (AP) — NEWPORT BEACH, Calif. (AP) — Clean Energy Fuels Corp. (CLNE) on Thursday reported a loss of $18.4 million in its first quarter.

On a per-share basis, the Newport Beach, California-based company said it had a loss of 8 cents. Losses, adjusted for non-recurring costs and stock option expense, came to 1 cent per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The provider of natural gas as an alternative fuel for vehicle fleets posted revenue of $103.7 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $106.6 million.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on CLNE at

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up