earnings
confidence high
sentiment neutral
materiality 0.70
Clean Energy Q2 2022: 106.9M gallons delivered, revenue $97.2M, net loss narrows to $13.2M
Clean Energy Fuels Corp.
2022-Q2 EPS reported
-$0.17
revenue$180,721,000
- Delivered 106.9M gallons (+5.4% YoY); RNG delivered 50.0M gallons (+16.6% YoY).
- Revenue $97.2M vs $0.5M in Q2 2021; improvement driven by lower Amazon warrant charges and higher fuel prices.
- GAAP net loss $(13.2)M ($(0.06)/share) vs $(79.7)M ($(0.38)/share) in Q2 2021.
- Non-GAAP Adjusted EBITDA $10.0M vs $14.0M in Q2 2021; no AFTC revenue in Q2 2022 (expired after Dec 2021).
- RNG station construction and Amazon fleet expansion on track; management sees margin improvement despite RIN/LCFS softness.