NASDAQ$CLNE

Clean Energy Fuels Corp · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Clean Energy reported revenue increase driven by higher natural gas and RIN prices and growth in RNG volume.

Clean Energy Fuels Corp. reported a revenue of $125.7 million for Q3 2022, a $39.6 million increase compared to Q3 2021. The company sold 54.1 million gallons of RNG, a 28.2% increase compared to the same quarter last year. Net loss attributable to Clean Energy for the quarter was $(9.0) million, or $(0.04) per share.

  • Revenue for the third quarter of 2022 was $125.7 million, an increase of $39.6 million compared to the third quarter of 2021.
  • The Company sold 54.1 million gallons of renewable natural gas (“RNG”) in the third quarter of 2022, a 28.2% increase compared to the third quarter of 2021.
  • Net loss attributable to Clean Energy for the third quarter of 2022 was $(9.0) million, or $(0.04) per share, compared to $(3.9) million, or $(0.02) per share, for the third quarter of 2021.
  • Alternative fuel excise tax credit (“AFTC”) revenue was $16.1 million in the third quarter of 2022, compared to AFTC revenue of $5.3 million in the third quarter of 2021.

Headline financials

Total Revenue

$126M

Previous: $86.1M+46.0%
EPS (adj)

$0.06

Previous: $0.01+500.0%
Capital Expenditures

-$29.1M

Previous: -$20.2M-44.0%
Free Cash Flow

-$38.1M

Previous: -$24.1M-57.7%
Net Income

-$8.97M

Previous: -$3.93M-128.1%
Operating Income

-$8.63M

Previous: -$3.1M-178.2%
Gross Profit

$100K

Previous: $100K+0.0%
Cash & Equivalents

$23.1M

Previous: $140M-83.5%
Total Assets

$941M

Previous: $917M+2.6%
Stock-Based Comp

$5.96M

No prior period

Revenue & EPS history

Clean Energy · Revenue · Quarterly

$126M

Q3 2022+46%vs Q3 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Clean Energy · $6M total across 1 segment · Q2 2022

  • Station Construction Sales
    $6M-1.6%

Forward guidance

GAAP net loss for 2022 is expected to be approximately $(58) million and Adjusted EBITDA for 2022 is estimated to be approximately $60 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

-1.7%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+2.4%

Avg return

30 days after

40%

26 / 65 earnings

Positive

+31.5%

Q4 2018

Best reaction

-26.3%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.7%-8.5%-13.8%
Q4 2025-6.7%-9.8%+2.0%
Q3 2025-15.9%-15.5%-17.6%
Q1 2025-6.0%+13.5%+6.4%
Q4 2024-25.5%-24.7%-35.8%
Q3 2024+5.2%+0.0%-10.6%
Q2 2024+19.8%+13.7%+7.3%
Q1 2024+5.1%+16.5%+24.1%
Q4 2023-1.4%+2.0%-9.5%
Q3 2023-6.1%-1.7%-2.2%
Q2 2023-7.5%-8.2%-2.9%
Q1 2023+3.8%+1.4%+3.0%
Q4 2022-15.3%-12.9%-23.9%
Q3 2022+2.2%+13.3%-16.6%
Q2 2022+17.9%+19.3%-3.0%
Q1 2022-18.3%-32.8%-10.0%
Q4 2021+15.6%+23.6%+31.8%
Q3 2021-8.7%-0.3%-32.6%
Q2 2021+8.9%+18.5%+14.6%
Q1 2021-16.2%-18.9%-11.6%
Q4 2020+26.9%+38.8%+22.3%
Q3 2020-1.2%+11.4%+75.1%
Q2 2020+4.6%-1.8%-9.2%
Q1 2020+4.7%+3.0%+18.4%
Q4 2019-26.3%-11.7%+4.5%
Q3 2019-6.7%-6.7%-11.2%
Q2 2019-9.8%-16.4%-20.7%
Q1 2019-4.8%-8.1%-18.1%
Q4 2018+31.5%+22.1%+47.3%
Q3 2018+11.9%+0.4%-10.6%
Q2 2018-10.5%-1.8%-2.2%
Q1 2018+2.6%+7.3%+56.0%
Q4 2017-1.4%+8.2%+14.4%
Q3 2017-14.7%-14.1%-7.9%
Q2 2017-9.1%-10.9%-7.9%
Q1 2017+2.9%+4.1%+1.7%
Q4 2016-4.1%-3.7%-5.9%
Q3 2016-16.6%-12.0%-14.6%
Q2 2016+17.5%+20.6%+61.9%
Q1 2016+13.3%
Q4 2015+7.3%
Q3 2015-9.4%
Q2 2015-11.8%
Q1 2015-1.8%
Q4 2014+14.5%
Q3 2014+3.0%
Q2 2014-1.0%
Q1 2014+9.2%
Q4 2013-13.1%
Q3 2013+3.7%
Q2 2013+2.5%
Q1 2013-4.8%
Q4 2012+3.0%
Q3 2012+8.6%
Q2 2012-2.4%
Q1 2012-2.9%
Q4 2009-7.0%
Q4 2011-7.0%
Q3 2011-3.5%
Q3 2010-3.5%
Q4 2010-13.5%
Q2 2010-13.5%
Q2 2011-13.5%
Q1 2011-1.8%
Q1 2010-17.9%

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