Clean Energy Fuels Corp. (Nasdaq: CLNE) (“Clean Energy” or the
“Company”) today announced its operating results for the fourth
quarter and year ended December 31, 2018.
Andrew J. Littlefair, Clean Energy’s President and Chief
Executive Officer, stated: “We’re exiting 2018 with good volume
growth and excellent momentum from a successful year. Our operating
results for 2018 were the best in the past five years and we
finished 2018 with more cash and investments than debt, this after
paying down $185.5 million in convertible debt during the year
leaving us with only $50 million of convertible debt due in July
2020. We go into 2019 with two of the largest energy companies in
the world, Total and BP, as key partners. Total is our largest
shareholder and has been instrumental in supporting our exciting
Zero Now truck financing program, while during the fourth quarter
we expanded our relationship with BP allowing us to accelerate and
expand the distribution of our Redeem renewable fuel. These are
strong relationships and we’re excited for what the future
holds.”
The Zero Now truck financing program offers exclusive pricing
that allows fleets to acquire new natural gas trucks for the price
of a diesel truck, a five year engine warranty and a fuel price
that is guaranteed to be less than diesel for at least five
years.
The Company delivered 98.7 million gallons in the fourth quarter
of 2018, a 14.2% increase from 86.4 million gallons delivered in
the fourth quarter of 2017. This increase was due to growth in CNG
and LNG volumes principally from increased Redeem sales. For the
year ended December 31, 2018, the Company delivered 365.5 million
gallons, a 4.0% increase from 351.4 million gallons delivered for
the year ended December 31, 2017. This increase was due to growth
in CNG volumes partially offset by a reduction in LNG volumes
resulting from the non-renewal of two contracts and a decrease in
RNG volumes for non-vehicle fuel that were included in contracts
sold to BP Products North America, Inc. (“BP”) in the Company’s
sale of its upstream RNG production business to BP in March 2017
(the “BP Transaction”).
The Company’s revenue for the fourth quarter of 2018 was $96.2
million, driven by an increase in volume-related revenue,
reflecting higher volumes delivered and a continued strong demand
for renewable natural gas. Also included in the volume- related
revenue for the fourth quarter of 2018 was $10.3 million of
unrealized gains on commodity swap contracts the Company entered
into in connection with the Company’s Zero Now truck financing
program. Station construction revenue was $4.6 million for the
fourth quarter of 2018, compared to $17.8 million for the fourth
quarter of 2017, which included a higher number of full station
builds. Revenue for the fourth quarter of 2017 included $5.9
million in compressor sales, whereas in 2018 the Company did not
record any such sales, due to the Company combining its compressor
manufacturing business (“CEC”) with Landi Renzo S.p.A’s compressor
manufacturing business in December 2017 (the “CEC
Combination”).
On a GAAP basis, net income for the fourth quarter of 2018 was
$6.9 million, or $0.03 per share, compared to a net loss of $(28.3)
million, or $(0.19) per share, for the fourth quarter of 2017. The
fourth quarter of 2018 was positively impacted by the $10.3 million
in unrealized gains on commodity swap contracts. The fourth quarter
of 2017 was negatively impacted by a $6.5 million loss from the CEC
Combination and a $7.0 million charge related to the invalidation
of tradable credits the Company generates by selling natural gas as
a vehicle fuel in connection with temporary restrictions imposed on
the Company’s account for these credits pending completion of an
administrative review (the “LCFS charge”).
Revenue for 2018 was $346.4 million, a 1.4% increase from $341.6
million for 2017. Revenue for 2017 included $23.5 million of
compressor sales related to CEC, whereas no such sales were
reported in 2018 as discussed above. The Company recognized $26.7
million in revenue from the U.S. federal tax credits for
alternative fuels (“AFTC”) in 2018. The AFTC, which had expired on
December 31, 2016, was reinstated on February 9, 2018 to
apply to vehicle fuel sales made from January 1, 2017 through
December 31, 2017, but is not presently available for fuel sales
made after 2017. Volume-related revenue increased year-over-year
due to higher revenue on incremental volumes delivered as well as
the $10.3 million in unrealized gains on commodity swap contracts
in 2018 and an $8.5 million increase in revenue from sales of
certain tradable credits in 2018 due to the temporary restrictions
imposed on the Company’s account for these credits in certain 2017
periods that resulted in the LCFS charge. Station construction
revenue declined by $26.4 million year-over-year due to fewer full
station and station upgrade projects in process in 2018.
On a GAAP basis, net loss for 2018 was $(3.8) million, or
$(0.02) per share, compared to a net loss for 2017 of $(79.2)
million, or $(0.53) per share. The net loss in 2018 was partially
offset by the AFTC revenue and the unrealized gains on commodity
swap contracts. The net loss in 2017 included a $70.7 million gain
from the BP Transaction which was offset by the loss from the CEC
Combination and $81.1 million in asset impairments and other cash
and non-cash charges resulting from the LCFS charge and steps taken
in the third quarter of 2017 to minimize and eliminate
underperforming assets and lower operating expenses going forward
(collectively, “Asset Impairments and Other Charges”).
Non-GAAP loss per share and Adjusted EBITDA for the fourth
quarter of 2018 was $(0.01) and $12.7 million, respectively.
Non-GAAP loss per share and Adjusted EBITDA for the fourth quarter
of 2017 was $(0.18) and $(9.7) million, respectively, which
included the loss from the CEC Combination and the LCFS charge.
Non-GAAP loss per share and Adjusted EBITDA for 2018 was $(0.03)
and $59.7 million, respectively, which included the AFTC revenue
recognized in the period. Non-GAAP loss per share and Adjusted
EBITDA for 2017 was $(0.47) and $0.2 million, respectively, which
included the gain from the BP Transaction, the Asset Impairments
and Other Charges, and the loss from the CEC Combination.
Non-GAAP loss per share and Adjusted EBITDA are described below
and reconciled to GAAP net income (loss) and GAAP income (loss) per
share attributable to Clean Energy Fuels Corp.
Non-GAAP Financial Measures
To supplement the Company’s unaudited condensed consolidated
financial statements presented in accordance with accounting
principles generally accepted in the United States of America
(“GAAP”), the Company uses non-GAAP financial measures that it
calls non-GAAP loss per share (“non-GAAP EPS” or “non-GAAP loss per
share”) and adjusted EBITDA (“Adjusted EBITDA”). Management
presents non-GAAP EPS and Adjusted EBITDA because it believes these
measures provide meaningful supplemental information regarding the
Company’s performance, for the following reasons: (1) these
measures allow for greater transparency with respect to key
metrics used by management, as management uses these measures to
assess the Company’s operating performance and for financial and
operational decision-making; (2) these measures exclude the
impact of items that management believes are not directly
attributable to the Company’s core operating performance and may
obscure trends in the business; and (3) these measures are
used by institutional investors and the analyst community to help
analyze the Company’s business. In future quarters, the Company may
make adjustments for other expenditures, charges or gains in order
to present non-GAAP financial measures that the Company’s
management believes are indicative of the Company’s core operating
performance.
Non-GAAP financial measures have limitations as an analytical
tool and should not be considered in isolation from, or as a
substitute for, the Company’s GAAP results. The Company expects to
continue reporting non-GAAP financial measures, adjusting for the
items described below (and/or other items that may arise in the
future as the Company’s management deems appropriate), and the
Company expects to continue to incur expenses, charges or gains
similar to the non-GAAP adjustments described below. Accordingly,
unless expressly stated otherwise, the exclusion of these and other
similar items in the presentation of non-GAAP financial measures
should not be construed as an inference that these costs are
unusual, infrequent or non-recurring. Non-GAAP EPS and Adjusted
EBITDA are not recognized terms under GAAP and do not purport to be
an alternative to GAAP income (loss), GAAP income (loss) per share
or any other GAAP measure as an indicator of operating performance.
Moreover, because not all companies use identical measures and
calculations, the Company’s presentation of non-GAAP EPS and
Adjusted EBITDA may not be comparable to other similarly titled
measures used by other companies.
Non-GAAP EPS
Non-GAAP EPS, which the Company presents as a non-GAAP measure
of its performance, is defined as net income (loss) attributable to
Clean Energy Fuels Corp., plus stock-based compensation expense,
plus (minus) loss (income) from equity method investments, and plus
(minus) any loss (gain) from changes in the fair value of
derivative instruments, the total of which is divided by the
Company’s weighted-average shares outstanding on a diluted basis.
The Company’s management believes excluding non-cash expenses
related to stock-based compensation provides useful information to
investors regarding the Company’s performance because of the
varying available valuation methodologies, the volatility of the
expense (which depends on market forces outside of management’s
control), the subjectivity of the assumptions and the variety of
award types that a company can use, which may obscure trends in a
company’s core operating performance. Similarly, as a result of the
CEC Combination in the fourth quarter of 2017, the Company’s
management believes excluding the non-cash results from equity
method investments is useful to investors because these charges are
not part of or representative of the core operations of the
Company. In addition, the Company’s management believes excluding
the non-cash loss (gain) from changes in the fair value of
derivative instruments is useful to investors because the valuation
of the derivative instruments is based on a number of subjective
assumptions, the amount of the loss or gain is derived from market
forces outside of management’s control, and the exclusion of these
amounts enables investors to compare the Company’s performance with
other companies that do not use, or use different forms of,
derivative instruments.
The table below shows GAAP and non-GAAP EPS and also reconciles
GAAP net income (loss) attributable to Clean Energy Fuels Corp. to
an adjusted net income (loss) figure used in the calculation of
non-GAAP EPS:
Three Months Ended December 31, Year Ended
December 31, (in thousands, except share and per-share
amounts) 2017 2018 2017
2018 GAAP Net Income (Loss) Attributable to Clean Energy
Fuels Corp. $ (28,347 ) $ 6,862 $ (79,237 ) $ (3,790 ) Stock
-Based Compensation 1,519 995 8,423 5,307
Loss (Income) from Equity Method
Investments
31 (16 ) 131 2,723 Loss (Gain) from Change in Fair Value of
Derivative Instruments (7 ) (9,687 ) (46 ) (9,788 ) Adjusted
(Non-GAAP) Net Loss $ (26,804 ) $ (1,846 ) $ (70,729 ) $ (5,548 )
Weighted -Average Common Shares Outstanding Diluted 151,326,494
207,579,171 150,430,239 180,655,435
GAAP Income (Loss) Per Share
Attributable to Clean Energy Fuels Corp. $ (0.19 ) 0.03 $ (0.53
) $ (0.02 )
Non-GAAP Loss Per Share $ (0.18 ) $ (0.01 ) $
(0.47 ) $ (0.03 )
Adjusted EBITDA
Adjusted EBITDA, which the Company presents as a non-GAAP
measure of its performance, is defined as net income (loss)
attributable to Clean Energy Fuels Corp., plus (minus) income tax
expense (benefit), plus interest expense, minus interest income,
plus depreciation and amortization expense, plus stock-based
compensation expense, plus (minus) loss (income) from equity method
investments, and plus (minus) any loss (gain) from changes in the
fair value of derivative instruments. The Company’s management
believes Adjusted EBITDA provides useful information to investors
regarding the Company’s performance for the same reasons discussed
above with respect to non-GAAP EPS. In addition, management
internally uses Adjusted EBITDA to determine elements of executive
and employee compensation.
The table below shows Adjusted EBITDA and also reconciles this
figure to GAAP net income (loss) attributable to Clean Energy Fuels
Corp.:
Three Months Ended December 31, Year Ended
December 31, (in thousands) 2017
2018 2017 2018 GAAP Net
Income (Loss) Attributable to Clean Energy Fuels Corp. $
(28,347 ) $ 6,862 $ (79,237 ) $ (3,790 ) Income Tax
Expense (Benefit) 269 75 (1,914 ) 341 Interest Expense 4,285 2,798
17,751 15,924 Interest Income (341 ) (664 ) (1,497 ) (2,857 )
Depreciation and Amortization 12,857 12,354 56,614 51,850 Stock
-Based Compensation 1,519 995 8,423 5,307
Loss (Income) from Equity Method
Investments
31 (16 ) 131 2,723 Loss (Gain) from Change in Fair Value of
Derivative Instruments (7 ) (9,687 ) (46 ) (9,788 )
Adjusted
EBITDA $ (9,734 ) $ 12,717 $ 225 $ 59,710
Definition of “Gallons Delivered”
The Company defines “gallons delivered” as its gallons of
renewable natural gas (“RNG”), compressed natural gas (“CNG”) and
liquefied natural gas (“LNG”), along with its gallons associated
with providing operations and maintenance services, in each case
delivered to its customers in the applicable period, plus the
Company’s proportionate share of gallons delivered by joint
ventures in the applicable period.
The table below shows gallons delivered for the three months and
years ended December 31, 2017 and 2018:
Three Months Ended December 31, Year Ended
December 31, Gallons Delivered (in millions) 2017
2018 2017 2018 CNG 70.3
79.5
283.4
299.5
LNG 16.1
19.2
66.1
66.0
RNG(1) — — 1.9 —
Total 86.4 98.7 351.4
365.5
(1) Represents RNG sold as non-vehicle fuel. RNG sold as
vehicle fuel, is sold under the brand named as Redeem™, and is
included in this table in the CNG or LNG amounts as applicable
based on the form in which it was sold.
Sources of Revenue
The following table represents the Company’s sources of revenue
for the three months and years ended December 31, 2017 and
2018:
Three Months Ended Year Ended
December 31, December 31, Revenue (in
millions) 2017 2018 2017
2018
Volume -Related(1)
$ 64.9 $ 88.9 $ 264.9 $ 286.7 Station Construction Sales 17.8 4.6
51.9 25.5 AFTC — — — 26.7 Compressor Sales 5.9 — 23.5 — Other 0.7
2.7 1.3 7.5 Total $ 89.3 $ 96.2 $ 341.6 $
346.4
(1) For the three months and year ended December 31, 2018,
volume -related revenue includes an unrealized gain from the change
in fair value of commodity swap contracts of $10.3 million.
2019 Outlook
GAAP net loss for 2019 is expected to range from $12.0 million
to $18.0 million, assuming no AFTC, which is not presently
available, and no unrealized gains or losses on commodity swap
contracts. Legislative circumstances impacting the AFTC and changes
in diesel and natural gas market conditions resulting in unrealized
gains or losses on the Company’s commodity swap contracts could
significantly impact the Company’s estimated GAAP net loss for
2019. Adjusted EBITDA for 2019 is expected to range from $50.0
million to $55.0 million, assuming no AFTC. These expectations also
exclude the impact of any acquisitions, divestitures or other
extraordinary transactions that may occur in 2019. Additionally,
the expectations regarding 2019 Adjusted EBITDA assume the
calculation of this non-GAAP financial measure in the same manner
as described below and without adjustments for any other items that
may arise during 2019 and that management deems appropriate to
exclude. These expectations are forward-looking statements and are
qualified by the statement under “Safe Harbor Statement” below.
(in thousands) 2019 Outlook GAAP Net Loss
Attributable to Clean Energy Fuels Corp. $ (12,000) - $
(18,000) Income Tax Expense (Benefit) — Interest Expense 6,000 -
8,000 Interest Income (900) - (1,300) Depreciation and Amortization
53,000 - 55,000 Stock -Based Compensation 6,000 - 7,000
Loss (Income) from Equity Method
Investments
— Loss (Gain) from Change in Fair Value of Derivative Instruments —
Adjusted EBITDA $ 50,000 - $ 55,000
Today’s Conference Call
The Company will host an investor conference call today at 4:30
p.m. Eastern time (1:30 p.m. Pacific). Investors
interested in participating in the live call can dial
1.877.407.4018 from the U.S. and international callers can dial
1.201.689.8471. A telephone replay will be available approximately
two hours after the call concludes through Friday, April 12,
2019, by dialing 1.844.512.2921 from the U.S., or
1.412.317.6671 from international locations, and entering Replay
Pin Number 13687760. There also will be a simultaneous live webcast
available on the Investor Relations section of the Company’s web
site at www.cleanenergyfuels.com, which will be available for
replay for 30 days.
About Clean Energy Fuels
Clean Energy Fuels Corp. is the leading provider of natural gas
fuel for transportation in North America. We build and operate CNG
and LNG vehicle fueling stations; manufacture CNG and LNG equipment
and technologies; and deliver more CNG and LNG vehicle fuel than
any other company in the United States. Clean Energy also sells
Redeem™ RNG fuel and believes it is the cleanest transportation
fuel commercially available, reducing greenhouse gas emissions by
up to 70%. For more information,
visit www.cleanenergyfuels.com.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, including
statements about, among other things, the Company’s expectations
regarding its 2019 results; the Company’s ability to convert
heavy-duty truck fleets with whom it is in discussions into
participants in the Company’s Zero Now truck financing program; the
success of the Zero Now program generally and its impact, if any,
on the U.S. natural gas trucking market and the Company’s
performance, financial condition and ability to execute its
strategic initiatives; the state of the natural gas vehicle fuels
market, including the level of adoption of natural gas vehicle
fuels generally, and specifically in the trucking sector, and with
respect to renewable natural gas; and the Company’s supply
agreement with BP and its effect, if any, on the Company’s Redeem
renewable natural gas business.
Forward-looking statements are statements other than historical
facts and relate to future events or circumstances or the Company’s
future performance, and they are based on the Company’s current
assumptions, expectations and beliefs concerning future
developments and their potential effect on the Company and its
business. As a result, actual results, performance or achievements
and the timing of events could differ materially from those
anticipated in or implied by these forward-looking statements as a
result of many factors including, among others: the willingness of
fleets and other consumers to adopt natural gas as a vehicle fuel,
and the rate and level of any such adoption; future supply, demand,
use and prices of crude oil, gasoline, diesel, natural gas, and
other vehicle fuels, including overall levels of and volatility in
these factors; natural gas vehicle and engine cost, fuel usage,
availability, quality, safety, convenience, design and performance,
as well as operator perception with respect to these factors, in
general and in the Company’s key customer markets, including
heavy-duty trucking; the Company’s ability to execute its Zero Now
truck financing program, a key strategic initiatives related to the
market for natural gas heavy-duty trucks and the impact of this
initiative on the Company’s business, prospects, performance and
liquidity; the Company’s ability to capture a substantial share of
the market for alternative vehicle fuels and vehicle fuels
generally and otherwise compete successfully in these markets,
including in the event of improvements in or perceived advantages
of non-natural gas vehicle fuels or engines powered by these fuels
or other competitive developments; the availability of
environmental, tax and other government regulations, programs and
incentives that promote natural gas, such as AFTC, or other
alternatives as a vehicle fuel, including long-standing support for
gasoline- and diesel-powered vehicles and growing support for
electric and hydrogen-powered vehicles that could result in
programs or incentives that favor these or other vehicles or
vehicle fuels over natural gas; future availability of capital,
which may include equity or debt financing, in the amounts and at
the times needed to fund the growth of the Company’s business,
repayment of its debt obligations (whether at or before their due
dates) or other expenditures, as well as the terms and other
effects of any such capital-raising transaction; the effect of, or
potential for changes to federal, state or local greenhouse gas
emissions regulations or other environmental regulations applicable
to natural gas production, transportation or use; the Company’s
ability to manage and grow its RNG business, in particular after
the BP Transaction, including its ability to continue to receive
revenue from sales of tradable credits the Company generates by
selling conventional and renewable natural gas as vehicle fuel and
the effect of any increase in competition for RNG supply; the
Company’s ability to accurately predict natural gas vehicle fuel
demand in the geographic and customer markets in which it operates
and effectively calibrate its strategies, timing and levels of
investments to be consistent with this demand; the Company’s
ability to recognize the anticipated benefits of its CNG and LNG
station network; construction, permitting and other factors that
could cause delays or other problems at station construction
projects; the Company’s compliance with all applicable government
regulations; the Company’s ability to execute and realize the
intended benefits of any mergers, acquisitions, divestitures,
investments or other strategic measures, transactions or
relationships; and general political, regulatory, economic and
market conditions.
The forward-looking statements made in this press release speak
only as of the date of this press release and the Company
undertakes no obligation to update publicly such forward-looking
statements to reflect subsequent events or circumstances, except as
otherwise required by law. The Company’s periodic reports filed
with the Securities and Exchange Commission (www.sec.gov),
including its Annual Report on Form 10-K, filed on
March 12, 2019, contain additional information about these and
other risk factors that may cause actual results to differ
materially from the forward-looking statements contained in this
press release.
Clean Energy Fuels Corp. and Subsidiaries
Consolidated Balance Sheets (In thousands, except
share and per share data) December 31,
December 31, 2017 2018 Assets
Current assets: Cash, cash equivalents and current portion of
restricted cash $ 37,208 $ 30,624 Short-term investments 141,462
65,646 Accounts receivable, net of allowance for doubtful accounts
of $1,276 and $1,919 as of December 31, 2017 and 2018, respectively
63,961 68,865 Other receivables 19,235 15,544 Inventory 35,238
34,975 Prepaid expenses and other current assets 7,793 8,444
Derivative assets, related party — 1,508 Total
current assets 304,897 225,606 Land, property and equipment, net
367,305 350,568 Long-term portion of restricted cash — 4,000 Notes
receivable and other long-term assets, net 21,397 17,470 Long-term
portion of derivative assets, related party — 8,824 Investments in
other entities 30,395 26,079 Goodwill 64,328 64,328 Intangible
assets, net 3,590 2,207 Total assets $ 791,912
$ 699,082
Liabilities and Stockholders’ Equity
Current liabilities: Current portion of debt and capital lease
obligations $ 139,699 $ 5,405 Accounts payable 17,901 19,024
Accrued liabilities 42,268 48,469 Deferred revenue 3,432
7,361 Total current liabilities 203,300 80,259 Long-term
portion of debt, capital lease and financing lease obligations
120,388 78,779 Other long-term liabilities 18,566 15,035
Total liabilities 342,254 174,073 Commitments and
contingencies Stockholders’ equity: Preferred stock, $0.0001 par
value. Authorized 1,000,000 shares; issued and outstanding no
shares — — Common stock, $0.0001 par value. Authorized 224,000,000
shares and 304,000,000 shares as of December 31, 2017 and 2018,
respectively; issued and outstanding 151,650,969 shares and
203,599,892 shares as of December 31, 2017 and 2018, respectively
15 20 Additional paid-in capital 1,111,432 1,198,769 Accumulated
deficit (683,570 ) (688,653 ) Accumulated other comprehensive loss
(887 ) (2,138 ) Total Clean Energy Fuels Corp. stockholders’ equity
426,990 507,998 Noncontrolling interest in subsidiary 22,668
17,011 Total stockholders’ equity 449,658 525,009
Total liabilities and stockholders’ equity $ 791,912
$ 699,082
Clean Energy Fuels Corp. and
Subsidiaries Consolidated Statements of
Operations (In thousands, except share and per share
data) Three Months Ended Year
Ended December 31, December 31, 2017
2018 2017 2018 Revenue: Product
revenue $ 75,545 $ 87,027 $ 287,292 $ 307,839 Service revenue
13,755 9,202 54,307 38,580 Total
revenue 89,300 96,229 341,599 346,419 Operating expenses: Cost of
sales (exclusive of depreciation and amortization shown separately
below): Product cost of sales 58,107 54,851 216,413 194,509 Service
cost of sales 6,192 4,820 26,258 18,415 Inventory valuation
provision — — 13,158 — Change in fair value of derivative warrants
(7 ) 644 (46 ) 543 Selling, general and administrative 23,801
20,005 95,715 77,207 Depreciation and amortization 12,857 12,354
56,614 51,850 Asset impairments and other charges 7,268 —
67,934 — Total operating expenses 108,218
92,674 476,046 342,524 Operating income
(loss) (18,918 ) 3,555 (134,447 ) 3,895 Interest expense (4,285 )
(2,798 ) (17,751 ) (15,924 ) Interest income 341 664 1,497 2,857
Other income (expense), net 167 (440 ) 139 (566 ) Income (loss)
from equity method investments (31 ) 16 (131 ) (2,723 ) Gain from
extinguishment of debt, net — — 3,195 — Gain from sale of
subsidiary 772 4,782 70,658 4,782 Loss from formation of equity
method investment (6,465 ) — (6,465 ) (1,163 ) Income (loss)
before income taxes (28,419 ) 5,779 (83,305 ) (8,842 ) Income tax
benefit (expense) (269 ) (75 ) 1,914 (341 ) Net income
(loss) (28,688 ) 5,704 (81,391 ) (9,183 ) Loss attributable to
noncontrolling interest 341 1,158 2,154 5,393
Net income (loss) attributable to Clean Energy Fuels Corp. $
(28,347 ) $ 6,862 $ (79,237 ) $ (3,790 ) Income (loss) per
share: Basic $ (0.19 ) $ 0.03 $ (0.53 ) $ (0.02 ) Diluted $
(0.19 ) $ 0.03 $ (0.53 ) $ (0.02 ) Weighted-average common
shares outstanding: Basic 151,326,494 203,529,685
150,430,239 180,655,435 Diluted 151,326,494
207,579,171 150,430,239 180,655,435
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190312005854/en/
Investor Contact:investors@cleanenergyfuels.com
News Media Contact:Raleigh GerberManager of Corporate
Communications949.437.1397
Clean Energy Fuels (NASDAQ:CLNE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Clean Energy Fuels (NASDAQ:CLNE)
Historical Stock Chart
From Jul 2023 to Jul 2024