Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Clean Energy Fuels (CLNE)
NASDAQ:CLNE
Holding CLNE?
Track your performance easily
Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
>-$0.01Last Year’s EPS
$0.01Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -21.23%
|Next Earnings Date:Mar 18, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong financial performance with significant growth in RNG sales and network expansion. The company is optimistic about the future with the introduction of the X15N engine and expansion in the Canadian market. However, challenges such as lower LCFS credit prices, regulatory uncertainty, and ongoing RNG production losses were noted.Company Guidance
During the Q3 2024 earnings call for Clean Energy Fuels, the company provided guidance indicating a strong performance, reporting $21.3 million in adjusted EBITDA, a significant increase from $14.2 million in the same quarter the previous year. The company sold 60 million gallons of renewable natural gas (RNG) and generated $105 million in revenue, up from $96 million in Q3 2023. Clean Energy ended the quarter with over $243 million in cash and investments. The company highlighted its strategic partnership with Amazon, which has led to the opening of a new fueling station in Bordentown, New Jersey, and expanded its network by almost 15% over the past year. Additionally, Clean Energy discussed ongoing projects, including RNG production at dairy farms and collaborations with Cummins, Tourmaline, and transit agencies, emphasizing its commitment to diversifying its alternative fuel offerings and preparing for future growth in RNG demand.Strong Financial Performance
Reported $21.3 million in adjusted EBITDA for Q3 2024 versus $14.2 million in Q3 2023. Revenue increased to $105 million from $96 million in the same quarter last year. Ended the quarter with over $243 million in cash and investments.
RNG Sales and Network Expansion
Sold 60 million gallons of RNG in Q3 2024. Expanded fueling network by almost 15% over the past year, partly due to new stations built under a contract with Amazon.
X15N Engine and Fleet Testing
Launched the X15N demo truck program with positive feedback from fleets like J.B. Hunt and Ruan. Expect increased truck orders and deployments next year.
Canadian Market Expansion
Opened multiple natural gas stations in Canada through a partnership with Tourmaline. Plans to build additional stations and create a fueling corridor for heavy-duty trucks.
Hydrogen Station Contracts
Awarded contracts to build hydrogen stations for transit agencies, expanding the range of services offered to transit markets.
---
CLNE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
CLNE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $3.25 | $3.26 | +0.31% |
| Aug 07, 2024 | $2.42 | $2.97 | +22.73% |
| May 09, 2024 | $2.41 | $2.49 | +3.32% |
| Feb 27, 2024 | $3.04 | $2.92 | -3.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Clean Energy Fuels (CLNE) report earnings?
Clean Energy Fuels (CLNE) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is Clean Energy Fuels (CLNE) earnings time?
Clean Energy Fuels (CLNE) earnings time is at Mar 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CLNE EPS forecast?
CLNE EPS forecast for the fiscal quarter 2024 (Q4) is >-$0.01.
---