Clean Energy Q1 net loss widens to $38.7M; revenue $132.2M, RNG gallons up 34.5%

Clean Energy Fuels Corp.

2023-Q1 EPS reported -$0.17 revenue$132,183,000

GAAP net loss of $38.7M ($0.17/share) vs. $24.2M ($0.11/share) in Q1 2022.
Revenue of $132.2M, up from $83.5M YoY; includes $13.7M Amazon warrant charge.
RNG gallons sold rose 34.5% to 53.4M gallons; station construction revenue up to $4.1M.
Historic California natural gas price spike in Jan 2023 cost at least $10M in lost profits.
Announced joint development with Tourmaline to build CNG stations in Western Canada.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Clean Energy Fuels Corp. reported first quarter ended March 31, 2023 results: revenue $132.2 million, net income $(38.7) million, EPS $(0.17) per share.

Period: first quarter ended March 31, 2023
Revenue: $132.2 million
Net income: $(38.7) million
EPS: $(0.17) per share
Result: reported results

Exact text from the filing

Clean Energy Reports Revenue of $132.2 Million and 53.4 Million RNG Gallons Sold for the First Quarter of 2023

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Source: SEC EDGAR

accession 0001558370-23-008822

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