Clean Energy Fuels Corp
XMUN:WIQ
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Clean Energy Fuels Corp
XMUN:WIQ
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Villeroy & Boch AG
SWB:VIB3
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Clean Energy Fuels Corp
Clean Energy Fuels Corp sells alternative fuel for transportation, mainly renewable natural gas and compressed natural gas for trucks, buses, and other fleets that run on heavy-duty engines. It also builds and runs fueling stations and related equipment, so customers can buy fuel and refuel in one place instead of building their own infrastructure. Its main customers are trucking companies, transit agencies, waste haulers, airport shuttles, and other fleet operators that want a lower-emission fuel for vehicles that need long range and fast refueling. The company makes money by selling fuel and by charging for fuel station services, equipment, and maintenance. What makes the business different is that it sits between energy and transportation infrastructure. It is not just a fuel seller; it also helps create the network that lets fleets switch to natural gas vehicles, which means its value depends on both fuel supply and the availability of convenient places to fill up.
Clean Energy Fuels Corp sells alternative fuel for transportation, mainly renewable natural gas and compressed natural gas for trucks, buses, and other fleets that run on heavy-duty engines. It also builds and runs fueling stations and related equipment, so customers can buy fuel and refuel in one place instead of building their own infrastructure.
Its main customers are trucking companies, transit agencies, waste haulers, airport shuttles, and other fleet operators that want a lower-emission fuel for vehicles that need long range and fast refueling. The company makes money by selling fuel and by charging for fuel station services, equipment, and maintenance.
What makes the business different is that it sits between energy and transportation infrastructure. It is not just a fuel seller; it also helps create the network that lets fleets switch to natural gas vehicles, which means its value depends on both fuel supply and the availability of convenient places to fill up.
Revenue: Clean Energy reported first-quarter revenue of $117.6 million, up from $103.8 million a year ago, while adjusted EBITDA was $16.6 million and GAAP net loss was $12 million.
RNG Volumes: The company delivered 67 million gallons of RNG in the quarter and said it remains confident in reaching full-year guidance of 250 million gallons or more.
Diesel Spike: Management said the sharp rise in diesel prices since early March has strengthened the case for RNG by improving its total-cost-of-ownership advantage and highlighting fuel-price volatility.
X15N Adoption: Clean Energy said adoption of the Cummins X15N has been slower than expected, but it sees the strongest opportunity with targeted fleets that can start small and expand over time.
Upstream Progress: The company said its upstream RNG business now has eight projects operating and three under construction, with production expected to improve as weather effects and ramp-up issues ease.
Balance Sheet: Clean Energy ended the quarter with $126 million of cash on the balance sheet and also had another $46 million in cash at its dairy RNG joint ventures.
