Clean Energy Fuels Beats Q1, RNG Volumes Soar

Clean Energy Fuels exceeded Wall Streets revenue expectations in Q1, with $117.6 million, a 13.3% increase from last year. They posted a loss of $0.01 per share, better than the predicted $0.03. However, adjusted EBITDA missed the mark at $8.11 million. RNG volumes surged, driven by strong demand from transit and refuse fleets, and renewable credits like RINs and LCFS. Despite operational hiccups, including slow adoption of the X15N engine and winter weather, the company is optimistic about scaling RNG output, securing LCFS wins in California, and attracting heavy-duty truckers with RNG as a cheaper, cleaner diesel alternative. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ee346624fe763e6e