Clean Energy Fuels . Earnings Calls

Q1 2025 (Upcoming)
Release date May 08, 2025
EPS estimate -$0.200
EPS actual -
Revenue estimate 97.975M
Revenue actual -
Expected change +/- 6.58%
Q4 2024 Beat
$0.0200 (200.00%)
Release date Feb 24, 2025
EPS estimate -$0.0200
EPS actual $0.0200
EPS Surprise 200.00%
Revenue estimate 102.595M
Revenue actual 109.326M
Revenue Surprise 6.56%
Q3 2024 Beat
$0.0200 (186.94%)
Release date Nov 06, 2024
EPS estimate $0.0070
EPS actual $0.0200
EPS Surprise 186.94%
Revenue estimate 99.866M
Revenue actual 104.876M
Revenue Surprise 5.02%
Q2 2024 Beat
$0.0100 (129.36%)
Release date Aug 07, 2024
EPS estimate $0.0044
EPS actual $0.0100
EPS Surprise 129.36%
Revenue estimate 106.64M
Revenue actual 97.893M
Revenue Surprise -8.20%

Last 4 Quarters for Clean Energy Fuels .

Below you can see how CLNE performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q2 2024 Beat
Release date Aug 07, 2024
Fiscal end date Jun 30, 2024
Price on release $2.42
EPS estimate $0.0044
EPS actual $0.0100
EPS surprise 129.36%
Date Price
Aug 01, 2024 $2.76
Aug 02, 2024 $2.60
Aug 05, 2024 $2.53
Aug 06, 2024 $2.48
Aug 07, 2024 $2.42
Aug 08, 2024 $2.97
Aug 09, 2024 $2.90
Aug 12, 2024 $2.82
Aug 13, 2024 $3.25
4 days before -12.32%
4 days after 34.30%
On release day 22.73%
Change in period 17.75%
Q3 2024 Beat
Release date Nov 06, 2024
Fiscal end date Sep 30, 2024
Price on release $3.25
EPS estimate $0.0070
EPS actual $0.0200
EPS surprise 186.94%
Date Price
Oct 31, 2024 $2.83
Nov 01, 2024 $2.83
Nov 04, 2024 $2.92
Nov 05, 2024 $3.10
Nov 06, 2024 $3.25
Nov 07, 2024 $3.26
Nov 08, 2024 $3.15
Nov 11, 2024 $3.10
Nov 12, 2024 $2.95
4 days before 14.84%
4 days after -9.23%
On release day 0.308%
Change in period 4.24%
Q4 2024 Beat
Release date Feb 24, 2025
Fiscal end date Dec 31, 2024
Price on release $2.71
EPS estimate -$0.0200
EPS actual $0.0200
EPS surprise 200.00%
Date Price
Feb 18, 2025 $3.05
Feb 19, 2025 $2.98
Feb 20, 2025 $2.92
Feb 21, 2025 $2.80
Feb 24, 2025 $2.71
Feb 25, 2025 $2.02
Feb 26, 2025 $1.94
Feb 27, 2025 $2.02
Feb 28, 2025 $2.04
4 days before -11.15%
4 days after -24.72%
On release day -25.46%
Change in period -33.11%
Q1 2025 (Upcoming)
Release date May 08, 2025
Fiscal end date Mar 30, 2025
Price on release -
EPS estimate -$0.200
EPS actual -
Date Price
Apr 16, 2025 $1.36
Apr 17, 2025 $1.40
Apr 21, 2025 $1.34
Apr 22, 2025 $1.42
Apr 23, 2025 $1.41

Clean Energy Fuels . Earnings Call Transcript Summary of Q4 2024

Financial Performance

  • Q4 2024: Company sold 62 million gallons of renewable natural gas (RNG), a 9% increase YoY, generating $109 million in revenue and $24 million in adjusted EBITDA.
  • Full Year 2024: Total sales were 237 million gallons, yielding an adjusted EBITDA of $77 million. However, a GAAP net loss of $29.8 million for Q4 and $83.1 million for the year was reported, influenced by non-cash stock-based expenses and asset write-downs.

Market Growth

  • The RNG industry has grown significantly, with the company marking a decade since the initial sales of RNG as a transportation fuel.
  • The majority of growth in RNG sales is coming from transit agencies converting their fleets from compressed natural gas (CNG) to RNG.
  • New contracts for hydrogen fueling stations are being pursued, indicating diversification within the fuel offerings.

X15 Engine Adoption

  • Adoption of the Cummins X15 engine represents a significant growth opportunity, with initial orders expected from both existing natural gas operators and new fleets entering the market.
  • The expectation is for modest growth in RNG volumes associated with the X15 engine rollout, with estimates of 3 million to 5 million gallons attributable to this new engine in 2025.

Regulatory Environment

  • The Federal Alternative Fuel Tax Credit (AFTC) expired at the end of 2024 and has not been included in the 2025 outlook. The company has expressed optimism for its potential retroactive approval.
  • The company anticipates the finalization of the Section 45Z Clean Fuel Production Credit, which could support low-carbon fuel production, though it has not been incorporated into 2025 projections due to pending regulations.

2025 Guidance

  • Forecasted adjusted EBITDA for 2025 is expected to be between $50 million to $55 million, a decrease from 2024 due to several factors including lower AFTC contribution and reduced Renewable Identification Number (RIN) prices.
  • Guidance expects consolidated revenues around $400 million for 2025, reflecting a lack of AFTC revenue and anticipated lower environmental credit revenue.

CAPEX and Investments

  • Capital expenditures for 2025 are projected at $30 million, a decrease from previous years, primarily focused on completing Amazon-dedicated fueling stations and ongoing RNG upstream projects.

Overall Outlook

  • The company maintains a strong balance sheet with $217 million in unrestricted cash and investments.
  • Positive sentiment about RNG remains strong, particularly in light of federal support for domestically-produced clean fuels. The company anticipates gradual growth driven by fleet adoptions and infrastructure expansion.

Investor Takeaway

Investors should monitor developments regarding regulatory changes, progress on RNG credit eligibility, and customer adoption rates for the X15 engine, while acknowledging the company’s solid financial position and market growth potential in the RNG sector amidst a complex regulatory environment.

Clean Energy Fuels . Earnings History

Earnings Calendar

FAQ

When is the earnings report for CLNE?
Clean Energy Fuels Corp. (CLNE) has scheduled its earnings report for May 08, 2025 after the markets close.

What is the CLNE price-to-earnings (P/E) ratio?
CLNE P/E ratio as of Apr 23, 2025 (TTM) is -3.60.

What is the CLNE EPS forecast?
The forecasted EPS (Earnings Per Share) for Clean Energy Fuels Corp. (CLNE) for the first fiscal quarter 2025 is -$0.200.

What are Clean Energy Fuels Corp.'s retained earnings?
On its balance sheet, Clean Energy Fuels Corp. reported retained earnings of $109.33 million for the latest quarter ending Dec 31, 2024.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT CLEAN ENERGY FUELS CORP.
Clean Energy Fuels .
Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets and related fueling solutions, primarily in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations. The company also designs, builds, operates, and...
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