Clean Energy Fuels (CLNE) Tops Q1 EPS by 12c, Revenues Beat

Clean Energy Fuels (NASDAQ: CLNE) reported Q1 EPS of $0.10, $0.12 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $77.7 million versus the consensus estimate of $76.25 million.

Andrew J. Littlefair, Clean Energy’s President and Chief Executive Officer, stated “I’m pleased with our start to 2019, and particularly the volume growth momentum together with our continued financial discipline. Our focus in 2019 is on increasing heavy-duty truck adoption and the use of Clean Energy's Redeem renewable natural gas as it is the cleanest, most affordable and immediate alternative fuel solution available. With the help from our partner, Total, we are seeing the first signs of success of fleets taking advantage of our Zero Now truck financing program which is encouraging. We will also continue to build on our improving financial performance as we exploit our existing fueling infrastructure with increased volumes.”

For earnings history and earnings-related data on Clean Energy Fuels (CLNE) click here.

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