NASDAQ$CLNE

Clean Energy Fuels Corp · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Clean Energy reported increased revenue and RNG gallons sold, while experiencing a net loss.

Clean Energy Fuels Corp. reported a revenue increase to $104.9 million, up from $95.6 million in Q3 2023. RNG gallons sold also increased by 5.1% to 59.6 million gallons. However, the company experienced a net loss attributable to Clean Energy of $(18.2) million, or $(0.08) per share.

  • Revenue increased to $104.9 million compared to $95.6 million in Q3 2023.
  • RNG gallons sold increased 5.1% to 59.6 million gallons.
  • Net loss attributable to Clean Energy was $(18.2) million, or $(0.08) per share.
  • Adjusted EBITDA was $21.3 million, compared to $14.2 million for Q3 2023.

Headline financials

Total Revenue

$105M

Previous: $95.6M+9.7%
EPS

-$0.08

Previous: -$0.12+33.3%
RNG Gallons Sold

59.6M

No prior period
Conventional Natural Gas

13.9M

No prior period
Total Fuel Volume

73.5M

No prior period
Adjusted EBITDA

$21.3M

No prior period
Capital Expenditures

-$53.5M

Previous: -$67.3M+20.6%
Free Cash Flow

-$71.6M

Previous: -$93.1M+23.1%
Net Income

-$18.2M

Previous: -$25.8M+29.6%
Operating Income

-$8.53M

Previous: -$21.4M+60.1%
Gross Profit

$100K

Previous: $100K+0.0%
Cash & Equivalents

$117M

Previous: $25.1M+366.3%
Total Assets

$1.24B

Previous: $1.06B+16.9%
Stock-Based Comp

$2.86M

Previous: $6.09M-53.0%

Revenue & EPS history

Clean Energy · Revenue · Quarterly

$105M

Q3 2024+9.7%vs Q3 2023
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

The company provided its 2024 outlook, expecting GAAP net loss to range from approximately $(91) million to $(81) million and Adjusted EBITDA to range from approximately $62 million to $72 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 2024

Historical avgQ3 2024

-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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