CLNE Earnings Prediction
The chart below shows how CLNE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CLNE sees a +1.85% change in stock price 10 days leading up to the earnings, and a +1.71% change 10 days following the report. On the earnings day itself, the stock moves by -0.60%. This data can give you a slight idea of what to expect for the next quarter's release.
CLNE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
104.88M
9.74%
7.07%
Gross Margin
19.39%
139.09%
-16.53%
Operating Margin
-8.13%
-63.62%
42.38%
Net Margin
-17.47%
-35.65%
3.93%
EPS
-0.08
-33.33%
14.29%
No Data Available
CLNE Earnings Analysis
Clean Energy Fuels Corp. Corporation (CLNE.O) Earnings Conference Call
Positive
EBITDA Year-Over-Year Growth: Reported $21.3 million in adjusted EBITDA for the third quarter, up from $14.2 million in the same quarter last year, indicating a strong year-over-year growth.
RNG Sales Surge: Sold 60 million gallons of RNG during the quarter, generating $105 million in revenue compared to $96 million for the same quarter in 2023, reflecting a significant increase in sales volume and revenue.
Strong Liquidity Position: Ended the quarter with over $243 million in cash and investments, showcasing a solid liquidity position.
RNG Volume Growth: Achieved a 5.1% increase in RNG volumes for the third quarter of 2024 compared to the same quarter last year, demonstrating growth in production capacity.
New Fueling Station Launch: Opened a new state-of-the-art fueling station through a contract with Amazon in Bordentown, New Jersey, enhancing operational capabilities and customer service.
Negative
Revenue Decline Analysis: LCS revenues were less than a year ago, mainly due to the lower credit prices in 2024 versus 2023.
Improved Financial Performance: The company reported a lower GAAP net loss and lower negative adjusted EBITDA in the third quarter versus the first two quarters of this year as we began to produce RNG and monetize the credits being generated.
Idaho Project Loss Impact: Almost half of the net loss for this third quarter was actually attributed to our operations around our project in Idaho, which is not expected to begin producing RNG until the fourth quarter of 2025.
Cash Flow Improvement: Our cash flow from operations for the third quarter '24 was $21.4 million versus $7.7 million a year ago.
Revenue Decline Analysis: LCS revenues were less than a year ago, mainly due to the lower credit prices in 2024 versus 2023.
CLNE FAQs
How does CLNE typically perform around its earnings report dates?
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CLNE Earning Call Sentiment
Clean Energy Fuels Corp. (CLNE) Q3 2024 Earnings Call Transcript
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CLNE.O
-3.21%Positive
The earnings call reflects a balanced outlook with both positive and negative factors. Financial performance showed improvement, with increased EBITDA and revenue, but guidance for net loss remains negative. The partnership with UPS and the Maas project are potential positives, yet regulatory and competitive risks persist. The lack of a shareholder return plan and unclear guidance on LCFS impact add uncertainty. Given these mixed signals, a neutral stock price movement is expected over the next two weeks.
