2022-05-05 16:50:12 CLNE Clean Energy
05/05/22 05/0516:50 05/05/2216:50 | Clean Energy reports Q1 EPS (5c), consensus (1c)Reports Q1 revenue $83.5M, consensus $92.1M. Andrew J. Littlefair, CEO, stated: "We continued to execute and ramp up our RNG plan during the first quarter of the year, with investments in fueling stations to support customers such as Amazon and in our RNG supply joint ventures. Despite volatility in the market from lingering effects of the pandemic, supply chain stress, labor shortages, and near term softening of LCFS prices, we were able to grow volumes year over year, generate operating cash and positive Adjusted EBITDA. And our cash and investment balance remained at approximately $229 million, the same as it was at the end of 2021. All in all, I am pleased with the first quarter and that we are executing on our RNG plan as expected." |
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