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Clean Energy delivers ‘healthy’ results

LNG Industry,

Clean Energy Fuels Corp. has announced operating results for the third quarter ended 30 September 2014.

Gallons delivered for the third quarter of 2014 totaled 68.6 million gallons, up 22% from the 56.4 million gallons delivered in the same period a year ago.

Revenue for the third quarter was US$ 103.4 million, up from US$ 86.3 million in Q3 2013.

Commenting on the results, Andrew J. Littlefair, Clean Energy’s President and CEO, stated: “Once again, Clean Energy has delivered very healthy results this quarter. We continue to get closer to breakeven Adjusted EBITDA, and we produced over 20% growth in our delivered volumes. What is so encouraging about this robust number is that it was primarily driven by our established businesses of transit and refuse.

“I am very encouraged that this type of overall volume growth should continue with the anticipated volumes from the growing number of heavy-duty truck fleets that are testing natural gas trucks along with new businesses we are entering, such as “virtual natural gas pipelines” with our investment in NG Advantage.”

Adapted from press release by Katie Woodward

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