Clean Energy reports Q4 GAAP EPS (8c) vs. (13c) last year

Reports Q4 revenue $106.9M, consensus $102.6M. “Hats off to the Clean Energy (CLNE) team for finishing the year strong with a 9% year over year increase in quarterly RNG delivered and ending 2024 at the low end of our GAAP loss guidance range and exceeding the high end of our Adjusted EBITDA guidance range, leaving us on strong financial footing. Our growing fuel volumes of RNG are contributing positively to our favorable financial results even before the anticipated impact of the additional volumes driven by trucks hitting the road with the new Cummins X15N engine, which should occur later in 2025 and beyond. And we’ve already begun to work with the new Administration as it focuses on solutions rather than mandates when it comes to transportation energy needs. Because of its environmental and economic development benefits to both urban and rural areas, RNG already has broad bipartisan support and should be part of every discussion regarding the heavy-duty transportation sector across the US and Canada.”