Clean Energy Q4 revenue $106.9M, Adj EBITDA $21.2M; director resigns

Clean Energy Fuels Corp.

2023-FY EPS reported -$0.45 revenue$425,159,000

Q4 2023 revenue $106.9M vs $113.8M YoY; full-year revenue $425.2M.
GAAP net loss $(18.7)M ($(0.08)/share) in Q4 vs $(12.3)M loss a year ago.
Adjusted EBITDA $21.2M in Q4 vs $12.2M in Q4 2022; 2024 guidance Adj EBITDA $62-72M.
RNG gallons sold 57.0M in Q4 (+4.8% YoY); full year 225.7M (+13.9%).
Director Parker Weil resigned effective Feb 22, 2024; no disagreement with company.

item 2.02 item 5.02 item 9.01

Executive movements

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Departed

Parker Weil

Director

CLNE · Clean Energy Fuels Corp.

Effective: 2024-02-22
Filed: February 27, 2024, 6:59 PM ET

On February 22, 2024, Parker Weil notified the Board of Directors (the “Board”) of the Company of his resignation from the Board, effective on the same day.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Clean Energy Fuels Corp. reported year ended December 31, 2023 results: revenue $425.2 million, net income $(99.5) million, or $(0.45) per share, EPS $(0.45) per share. Guidance initiated.

Period: year ended December 31, 2023
Revenue: $425.2 million
Net income: $(99.5) million, or $(0.45) per share
EPS: $(0.45) per share
Guidance: initiated
Result: reported results

Exact text from the filing

Revenue of $425.2 million for the year 2023, compared to $420.2 million for 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Clean Energy Fuels Corp. reported the fourth quarter of 2023 results: revenue $106.9 million, net income $(18.7) million, or $(0.08) per share, EPS $(0.08) per share.

Period: the fourth quarter of 2023
Revenue: $106.9 million
Net income: $(18.7) million, or $(0.08) per share
EPS: $(0.08) per share
Result: reported results

Exact text from the filing

Clean Energy Reports Revenue of $106.9 Million and 57.0 Million RNG Gallons Sold for the Fourth Quarter of 2023

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Executive change SEC 8-K Item 5.02 confidence 0.95

Parker Weil resigned as Director at Clean Energy Fuels Corp..

Action: resigned
Role: Director

Exact text from the filing

On February 22, 2024, Parker Weil notified the Board of Directors (the “Board”) of the Company of his resignation from the Board, effective on the same day.

View on SEC.gov

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Clean Energy Fuels Corp. filing history →

Source: SEC EDGAR

accession 0001558370-24-001837

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