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Tuesday, March 12, 2019

-=Clean Energy Fuels (CLNE) reported earnings on Tue 12 March 19 (a/h)

Clean Energy Fuels lifting on upside quarterly results
  • Reported Q4 adj EPS of ($0.03) vs ($0.04) S&P Capital IQ Consensus; revs +7.7% y/y to $96.2 mln vs $77.5 mln S&P Capital IQ Consensus
  • Adjusted EBITDA for 2019 is expected to be  $50.0 -55.0 mln and GAAP net loss for 2019 of $12.0-18 mln assuming no AFTC.
Posts highest levels since August after reporting upside results for its Q4 EPS and revs (+7.7% year/year to $96.2 mln). Revenue growth was driven by higher volumes delivered and continued strong demand for renewable natural gas -- co delivered 98.7 mln gallons in Q4, +14.2% more than it delivered in the prior year period.

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