Clean Energy (CLNE)

[toednotfingered]

Ya looking strong, folks getting in this one

[toednotfingered]

Cool I'm a buyer at those prices too

[toednotfingered]

I look at it as someone just bought a bunch. Gotta love those deep pockets, kinda sucks for you guys wanting it to tank today right?
Whoops posi numbers for now

[Vermicious Knid]

Touching low 2.00 range tomorrow early morning followed by a big bounce.

[Vermicious Knid]

Someone dumped $203,000 worth of shares at 2.34 at the close.

[Vermicious Knid]

Dead cat bounce will probably be followed up by a deeper short and bigger dump.

[Jack_Bolander]

How do you explain the insiders SELLING??

[lakingsphan0427]

Open market insider buy means a sign of good things to come..

[Jack_Bolander]

NEW MULTI-YEAR LOWS. !!!

WHO SAID "DEAD CAT BOUNCE" ?

ALL THAT GREAT BP NEWS... Pffffft.

[Mazzar]

"The fueling contract begins with a one-year pilot where Clean Energy will provide Redeem to one of Metro’s eleven compressed natural gas stations, which are currently operated and maintained by Clean Energy. Each station provides fuel for approximately 200 CNG buses."

One year pilot for one station then all eleven!

[Jack_Bolander]

It looks as if the market has priced the news correctly...

[Jack_Bolander]

Kudos to the LONG-SUFFERING LONGS...

[lakingsphan0427]

Spin any way you want but it is a CONTRACT...

[Sone]

LA Metro Awards Multi-Year Contract for Clean Energy’s Redeem™

Source: Business Wire
Renewable Natural Gas to Fuel Nation’s Largest CNG Bus Fleet

Clean Energy Fuels Corp. (Nasdaq: CLNE) announced today that the Los Angeles County Metropolitan Transportation Authority (Metro) has awarded Clean Energy a renewable natural gas (RNG) contract to fuel its fleet of transit buses. The deal calls for Clean Energy to provide Metro its Redeem™ brand of RNG, the first renewable and commercially available vehicle fuel made entirely from 100% organic waste.

The fueling contract begins with a one-year pilot where Clean Energy will provide Redeem to one of Metro’s eleven compressed natural gas stations, which are currently operated and maintained by Clean Energy. Each station provides fuel for approximately 200 CNG buses. Execution of an additional option will allow Clean Energy to provide Redeem to the entire fleet of 2,200 natural gas buses for four more years, for an anticipated 38 million gasoline gallon equivalents (GGEs) each year.

Over the five-year period, the transition to RNG will reduce Metro’s greenhouse gas (GHG) emissions by over 520,000 metric tons over the use of regular natural gas and by almost 900,000 metric tons over the use of diesel. Unrelated to the use of Redeem, Metro will begin retrofitting and replacing their buses with the new Cummins-Westport Low NOx CNG engines that reduce smog-forming NOx and GHG emissions that are 90% lower than the EPA NOx limit.

“As one of the largest transit agencies in the nation, we take our responsibility to the environment and the taxpayers very seriously,” said Cris B. Liban, Metro Executive Officer for Environment and Sustainability. “The use of RNG allows us to further exceed our environmental goals and reduce our reliance on the use of extracted fossil fuels, while ensuring the seamless transition to a cleaner, greener fleet.”

Redeem is derived from biogenic methane or biogas, which is methane that is naturally generated by the decomposition of organic waste. The methane gas is then processed, purified and sent into the interstate natural gas pipeline and transported to Clean Energy’s and its customers’ stations.

“We are continuously assessing new technologies in transportation and perform a rigorous analysis before adopting anything,” said John Drayton, Metro Director of Vehicle Technology. “In this case, transitioning to renewable natural gas along with the use of low NOx engines reduces our fleet’s NOx emissions by 90%, so it was an easy decision.”

“Metro is putting the needs of its customers and the people of Los Angeles County at the forefront in its decision to switch to Redeem and the latest clean engine technology,” said Tyler Henn, Vice President and General Manager of Clean Energy Renewables. “They have chosen an alternative that will make significant strides in cleaning up the air and reducing harmful air toxins and greenhouse gases at an affordable price.”

About Clean Energy

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, develop RNG production facilities, and deliver more CNG and LNG vehicle fuel than any other company in the U.S. 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.

About Metro

The Los Angeles County Metropolitan Transportation Authority (Metro) is unique among the nation’s transportation agencies. Created in 1993, Metro is a multimodal transportation agency that transports about 1.3 million passengers daily on a fleet of 2,200 clean air buses and six rail lines. The agency also oversees bus, rail, highway and other mobility-related building projects and leads transportation planning and programming for Los Angeles County.

Forward-Looking Statements

This news 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 that involve risks, uncertainties and assumptions, including without limitation statements about amounts of RNG expected to be consumed by Metro. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of several factors, including, without limitation, execution of the contract option. The forward-looking statements made herein speak only as of the date of this press release and, unless otherwise required by law, the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, the reports and other documents the Company files with the SEC (available at www.sec.gov) contain risk factors, which may cause actual results to differ materially from the forward-looking statements contained in this news release.



View source version on businesswire.com: http://www.businesswire.com/news/home/20170526005122/en/

Clean Energy
Jason Johnston - Media
[phone]
[e-mail]
or
Tony Kritzer - Investors
[phone]
[e-mail]

[bsm1967]

Why are we at multi year lows do you think?

[Jack_Bolander]

"NOT TO EXCEED..."

That means that it could be LESS THAN...

[Jack_Bolander]

Why are we at MULTI-YEAR LOWS ????

I thought the BP Deal was a "game changer",...UH..OH !!!

[krays]

Unanimous in favor.
$56m 5 year contract for RNG at LAMetro

https://metro.legistar.com/LegislationDetail.aspx?ID=3023279&GUID=5BFF7AC5-06CE-4D6F-8744-4F7AD755B223

[Jack_Bolander]

Or you can just look at the latest filings (SEC Form-4) and see who just sold...

[kettleman]

Even if it is just spewing words with no proof. good Day...


\
Ndakota

[Jack_Bolander]

MORE INSIDERS SELLING !!!

WILL IT EVER STOP ???

They must think that this will be the HIGH going forward.

[Jack_Bolander]

No worries D.B.

[krays]

Thanks for your view DJ

[Jack_Bolander]

Then why do they sell ???

Selling outnumbers buys by 10 to 1 !!!

[pack10]

And they buy for one reason and one reason only. This stock is going higher for sure.

[Jack_Bolander]

AND YET I STILL HAVE NO DIFFICULTY COVERING UNDER $2.50....

This is my ATM...

[Sone]

Insider buys 20,000

[mick]

CLNE News: Quarterly Report (10-q) 05/04/2017 04:13:25 PM
CLNE News: Current Report Filing (8-k) 05/04/2017 04:09:22 PM
CLNE News: Clean Energy Reports 85.1 Million Gallons Delivered and Revenue of $89.5 Million for First Quarter of 2017 05/04/2017 04:05:00 PM
CLNE News: Clean Energy to Report First Quarter 2017 Financial Results on May 4; Conference Call To Follow at 1:30 p.m. Pacific 04/17/2017 06:00:00 AM
CLNE News: Additional Proxy Soliciting Materials (definitive) (defa14a) 04/12/2017 05:27:35 PM

[mick]

Clean Energy Fuels C (CLNE)
2.5 ? -0.09 (-3.47%)
Volume: 1,021,900 @ 4:11:54 PM ET
Bid Ask Day's Range
2.47 2.62 2.485 - 2.62
CLNE Detailed Quote

[Jack_Bolander]

A bad day, but an incredible 3+ years for shorts... $12.00 to $2.00!!!

[toednotfingered]

Not a good day for some around here

[Jack_Bolander]

OPTICS??? I am not interested in owning a stock because the customers are buying because they love the Earth or that it looks good ...

That belies the underlying problem with this stock...no one can justify NGV's except on optics.

[clayton1]

Thinking more companies are doing this for moral, long term arts friendly decisions. We have generations to set an example for!!

[Jack_Bolander]

I didn't read that... I heard that directly from the gentleman who runs the Alt Fuels program for WM.

As part of my DD, I have spoken to several of the leaders in the Alt Fuels industry...(including Andy, David, Nancy and Paul) which is one reason I have been short Alt Fuels for the past 3 years.

From my direct research I think WM has the best run Alt Fuels program, so projecting their numbers onto the rest of the niche is not very accurate and probably overstates any benefits.

WM is far above the average. So if the changes in fuel pricing is affecting WM's economics negatively, I/we can assume it is the same or worse for others.

[kettleman]

It is Amazing how Time, has a way of showing the Facts and Truths. of Many things, Look how Pot is Helping some Medical conditions. Drug Companies cant control it..change is good it Just takes Time to Prove sometimes..



Ndakota

[kettleman]

Where did you read that? (It has increased) If you go 3 Years back it takes you through the lowest sell of oil in 10 Years.
Just for Info. Waste Management Turns over on a 54 Month Rotation, so the first 36 months the make up the cost difference, so for the next Year and a Half they bank the savings, I guess when the Rotation comes around the second time It's Cut in Half and the third Rotation It's ZERO, and that doesn't count any Price Drops. NOW That is Wise Management.. No RIN Tax, Cleaner Air for All to Enjoy, It's All Around Good Management...Good Day..



Ndakota

[Jack_Bolander]

One company does not make an industry average... And WM payback period has increased recently... NOT A HEALTHY DEVELOPMENT FOR THE NGV NICHE.

This may explain the drop in NGV sales.

Good day.

[kettleman]

Hey Jack if you Read Waste Management has said several times Three years, and we just went through a period of the barrel dropping to 30-32 or lower within the last TWO Years, This is not happening only because Oil and Gas is not Price stable, It's happening because 152 days of last year where smog days in Cali. or San Diego. and Nat. Gas is Cleaner Burning then ALL OF Them.. Good Day... OH RNG is as Clean as an Electric Vehicle.



Ndakota

[Jack_Bolander]

UH, OH !!!

Does anyone here know what the price of natural gas is ?

Does anyone here know what the price of CNG is?

Does anyone here know what the price of diesel is?

Does anyone here know what the price of gasoline is?

With these economics, does anyone know how many YEARS it will take before you can BREAK EVEN with an NGV?

[kettleman]

I've looked at all the same Growing Pains, at todays price I'm buying when I can. We do care about all the different Trucks, Busses, Cement, and Taxi.
The Growth of all of this tells us the Truth, None of the above Mentioned, have stopped converting to Nat. Gas, of all kinds. There does seem to be Much More attention out of B/C, UPS, The West coast Ports.
We have all said when the 18- Wheelers decide to move, it will give us the Boost and move we've all been looking for. Everything seems to be moving in the Right Direction.
I hate the VETC one year it's there the next its not, but it has helped to get things moving.
Q-2 will get a bit more of the Rev. from the completion of Station Builds. IMHO- We are now beginning to see more of the 18-wheelers. The Growth is not Fast paced but it continues to Grow, the faster they get rid of the Debt. The better off we will all SEE. Good Day...


Ndakota

[Jack_Bolander]

OH... MY... THAT DIDN'T TAKE VERY LONG.

I guess people are realizing that the earnings were not so good after all.

[Jack_Bolander]

A DEAD CAT BOUNCE!!

[pack10]

There's the 10% pop that I predicted. Now its on to $3.00+ by June.

Just under double digit growth quarter over quarter.

Go CLNE!!

PS: Keep in mind the economy is going to start growing very rapidly in the near future. The administration has issued a number of executive orders that will put thousands back to work. this means more trucks will be needed to handle the additional tonnage generated by this uptick. A year from today we'll wish we had bought this stock at this low of a price.

[bajista]

Not a lot of questions on the call. here's my take on it:

They retired a lot of debt, obviously a good thing, but that and the BP sale are what account for the earnings beat. Strip that out and they lost money. They missed on revenue and margins were down.

If they can't be a profitable operation without those kinds of events or without a tax credit, it's not a good thing.

They are still waiting for the Cummins Westport truck engines. I don't care how many garbage trucks are running on Redeem, until those truck engines are filling up with NG there isn't going to be any substantial revenue or margin dollar growth.

The price will stay right around where it is for at least another Q.

[bajista]

The quarter didn't suck. That's about all that I got from the press release. I'll have to read the CC transcript to form a better opinion.

[Jld3294]

If a quarter like this doesn't give the price a little momentum, I don't know what will.

567M book value ($3.78) tons of cash to pay off debt and ebitda positive. This company is not in risk of going out any more and we still see a $350M micro/small cap valuation!!

Things look good to me. I'll continue to hold and look forward to the price moving up towards book value. The margins are still .29c and the pipeline is robust! New interest in Canada?? Where did that come from?

[Jld3294]

Very nice beat!!

[lakingsphan0427]

Clean Energy Reports 85.1 Million Gallons Delivered and Revenue of $89.5 Million for First Quarter of 2017


NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Clean Energy Fuels Corp. (NASDAQ: CLNE) ("Clean Energy" or the "Company") today announced operating results for the first quarter ended March 31, 2017.

The Company delivered 85.1 million gallons in the first quarter of 2017, a 9.8% increase from 77.5 million gallons delivered in the first quarter of 2016.

Revenue for the first quarter of 2017 was $89.5 million, a 6.6% decrease from $95.8 million of revenue for the first quarter of 2016. This decrease was primarily due to the expiration of excise tax credits for alternative fuels ("VETC") as of December 31, 2016, resulting in a $6.4 million decrease in revenue for in the first quarter of 2017 compared to the same period in 2016. Station construction revenue decreased between periods as a result of product mix favoring project upgrades for existing customers in the first quarter of 2017 compared to more standalone station builds in the same period in 2016. Compressor sales declined in the first quarter of 2017 compared to the same period in 2016 due to continued low global demand. Revenue from gallons delivered ("volume-related revenue") increased in the first quarter of 2017 compared to the same period in 2016 due to volume growth.

Andrew J. Littlefair, Clean Energy's President and Chief Executive Officer, stated: "The first quarter of the year was very significant. Not only did we grow volumes and strengthen our balance sheet with additional debt reductions, but the deal with BP to buy our RNG production assets and put in place a long-term supply agreement, positions us very well to continue to grow our Redeem business. The demand for Redeem renewable natural gas has grown from a niche product in California to a national offering that customers want because it's a great way to achieve sustainability goals at an affordable cost."

On a GAAP basis, net income for the first quarter of 2017 was $61.1 million, or $0.40 per share, compared to net income of $2.8 million, or $0.03 per share, for the first quarter of 2016. The first quarter of 2017 included gains of $3.2 million and $70.6 million, respectively, from the Company's repurchase of a portion of its outstanding debt at a discount to the face amount and the sale of certain assets related to the upstream production portion of the Company's RNG business to BP (the "Asset Sale"). The first quarter of 2016 included VETC revenue of $6.4 million and a gain of $15.9 million from the debt repurchase at a discount to the face amount.

Non-GAAP income per share and Adjusted EBITDA for the first quarter of 2017 was $0.41 per share and $80.7 million, respectively, which included gains from the debt repurchases at a discount to the face amount and the Asset Sale. Non-GAAP income per share and Adjusted EBITDA for the first quarter of 2016 was $0.05 per share and $29.7 million, respectively, which included VETC revenue and gains from the debt reduction. Non-GAAP income per share and Adjusted EBITDA are described below and reconciled to GAAP net income and income per share attributable to Clean Energy Fuels Corp.

Non-GAAP Financial Measures

To supplement the Company's condensed consolidated financial statements, which statements are prepared and 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 income per share ("non-GAAP EPS" or "non-GAAP income per share") and adjusted EBITDA ("Adjusted EBITDA"). Management has presented non-GAAP EPS and Adjusted EBITDA because it believes that 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, for financial and operational decision-making; (2) they exclude the impact of items that are not directly attributable to the Company's core operating performance and that may obscure trends in the core operating performance of the business; and (3) they are used by institutional investors and the analyst community to help analyze the results of Clean Energy'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 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 or income 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 is defined as net income attributable to Clean Energy Fuels Corp., plus stock-based compensation expense, the total of which is divided by the Company's weighted-average shares outstanding on a diluted basis. The Company's management believes that excluding non-cash expenses related to stock-based compensation provides useful information to investors 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 under the relevant accounting guidance, which may obscure trends in a company's core operating performance.

The table below shows GAAP and non-GAAP EPS and also reconciles GAAP net income attributable to Clean Energy Fuels Corp. to an adjusted net income figure used in the calculation of non-GAAP EPS:

Three Months Ended
March 31,
(in 000s, except share and per-share amounts) 2016 2017
Net Income Attributable to Clean Energy Fuels Corp. $ 2,828 $ 61,059
Stock-Based Compensation, Net of $0 Tax 2,419 1,910
Adjusted Net Income $ 5,247 $ 62,969
Diluted Weighted-Average Common Shares Outstanding 99,821,844 152,972,153
GAAP Income Per Share $ 0.03 $ 0.40
Non-GAAP Income Per Share $ 0.05 $ 0.41

Adjusted EBITDA

Adjusted EBITDA is defined as net income attributable to Clean Energy Fuels Corp., plus or minus income tax expense (benefit), plus interest expense, minus interest income, plus depreciation and amortization expense, and plus stock-based compensation expense. The Company's management believes that Adjusted EBITDA provides useful information to investors for the same reasons discussed above for 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 attributable to Clean Energy Fuels Corp.:

Three Months Ended
March 31,
(in 000s) 2016 2017
Net Income Attributable to Clean Energy Fuels Corp. $ 2,828 $ 61,059
Income Tax Expense (Benefit) 381 (2,263 )
Interest Expense 9,301 4,911
Interest Income (141 ) (192 )
Depreciation and Amortization 14,961 15,317
Stock-Based Compensation, Net of $0 Tax 2,419 1,910
Adjusted EBITDA $ 29,749 $ 80,742

Definition of "Gallons Delivered"

The Company defines "gallons delivered" as its gallons of compressed natural gas ("CNG"), liquefied natural gas ("LNG") and renewable natural gas ("RNG"), 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 ended March 31, 2016 and 2017:

Three Months Ended
March 31,
Gallons Delivered (in millions) 2016 2017
CNG 61.1 68.5
RNG(1) 1.0 0.6
LNG 15.4 16.0
Total 77.5 85.1

(1) Represents RNG sold as non-vehicle fuel. RNG sold as vehicle fuel, also known as Redeem™, is included in CNG and LNG, as applicable.

Sources of Revenue

The following table represents our sources of revenue for the three months ended March 31, 2016 and 2017:

Three Months Ended
March 31,
Revenue (in Millions) 2016 2017
Volume -Related $ 67.8 $ 73.6
Compressor Sales 8.3 6.5
Station Construction Sales 13.3 9.3
VETC 6.4 —
Other — 0.1
Total $ 95.8 $ 89.5

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 Sunday, June 4 by dialing 1.844.512.2921 from the U.S., or 1.412.317.6671 from international locations, and entering Replay Pin Number 13660270. 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 U.S. 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 that involve risks, uncertainties and assumptions, such as statements regarding, among other things: growth in the market for natural gas and other alternative vehicle fuels; sales of growing volumes of natural gas vehicle fuel; the benefits of natural gas (including RNG) as an alternative vehicle fuel, including its effectiveness and economic and environmental benefits; continued interest and investment in natural gas as a vehicle fuel; and the success of the Company's relationship with BP and other strategic partnerships. Actual results 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: future supply, demand, use and prices of crude oil, gasoline, diesel, natural gas and other alternative fuels, as well as heavy-duty trucks and other vehicles powered by these fuels; the willingness of fleets and other consumers to adopt natural gas as a vehicle fuel; the Company's ability to capture a substantial share of the market for alternative vehicle fuels and otherwise compete successfully in this market; the Company's ability to recognize the anticipated benefits of building CNG and LNG stations, including receiving revenue from these stations equal to or greater than their costs or at all; future availability of capital, including equity or debt financing, as needed to fund the growth of the Company's business and repayment of its debt obligations (whether at or prior to maturity); the availability of tax credits and other government programs or incentives that promote natural gas or other alternatives as a vehicle fuel; changes to federal, state or local fuel emission standards or other environmental regulations applicable to natural gas production, transportation or use; compliance with other applicable government regulations; the Company's ability to manage and grow its RNG business after the sale of the upstream production portion of this business; construction, permitting and other factors that could cause delays or other problems at station construction projects; the Company's ability to sustain or grow its compressor business and manage risks and uncertainties related to the global scope of this business; the Company's ability to realize the intended benefits of any mergers, acquisitions, divestitures, investments or other strategic 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 Quarterly Report on Form 10-Q, filed on May 4, 2017 with the Securities and Exchange Commission (www.sec.gov), contains additional information on 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



Condensed Consolidated Balance Sheets



(In thousands, except share data, Unaudited)


December 31, March 31,
2016 2017
Assets
Current assets:
Cash and cash equivalents $ 36,119 $ 47,125
Restricted cash 6,996 253
Short-term investments 73,718 50,803
Accounts receivable, net of allowance for doubtful accounts of $1,063 and $1,006 as of December 31, 2016 and March 31, 2017, respectively 79,432 68,123
Other receivables 21,934 19,861
Note receivable — 123,487
Inventory 29,544 28,711
Prepaid expenses and other current assets 14,021 12,656
Total current assets 261,764 351,019
Land, property and equipment, net 483,923 433,317
Notes receivable and other long-term assets, net 16,377 15,244
Investments in other entities 3,475 2,606
Goodwill 93,018 66,777
Intangible assets, net 38,700 37,496
Total assets $ 897,257 $ 906,459
Liabilities and Stockholders' Equity
Current liabilities:
Current portion of debt and capital lease obligations $ 5,943 $ 4,132
Accounts payable 23,637 17,220
Accrued liabilities 52,601 53,694
Deferred revenue 7,041 7,212
Total current liabilities 89,222 82,258
Long-term portion of debt and capital lease obligations 241,433 211,251
Long-term debt, related party 65,000 40,000
Other long-term liabilities 7,915 5,338
Total liabilities 403,570 338,847
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; issued and outstanding 145,538,063 shares and 149,722,174 shares at December 31, 2016 and March 31, 2017, respectively 15 15
Additional paid-in capital 1,090,361 1,103,124
Accumulated deficit (603,836 ) (543,273 )
Accumulated other comprehensive loss (17,675 ) (16,741 )
Total Clean Energy Fuels Corp. stockholders' equity 468,865 543,125
Noncontrolling interest in subsidiary 24,822 24,487
Total stockholders' equity 493,687 567,612
Total liabilities and stockholders' equity $ 897,257 $ 906,459


Clean Energy Fuels Corp. and Subsidiaries

Condensed Consolidated Statements of Operations

(In thousands, except share and per share data, Unaudited)

Three Months Ended
March 31,
2016 2017
Revenue:
Product revenue $ 83,992 $ 76,229
Service revenue 11,790 13,262
Total revenue 95,782 89,491
Operating expenses:
Cost of sales (exclusive of depreciation and amortization shown separately below):
Product cost of sales 53,371 54,597
Service cost of sales 5,884 6,264
Selling, general and administrative 25,595 23,773
Depreciation and amortization 14,961 15,317
Total operating expenses 99,811 99,951
Operating loss (4,029 ) (10,460 )
Interest expense (9,301 ) (4,911 )
Interest income 141 192
Other income (expense), net 250 (167 )
Loss from equity method investments (74 ) (36 )
Gain from extinguishment of debt 15,923 3,195
Gain from sale of certain assets of subsidiary — 70,648
Income before income taxes 2,910 58,461
Income tax benefit (expense) (381 ) 2,263
Net income 2,529 60,724
Loss attributable to noncontrolling interest 299 335
Net income attributable to Clean Energy Fuels Corp. $ 2,828 $ 61,059
Income per share:
Basic $ 0.03 $ 0.41
Diluted $ 0.03 $ 0.40
Weighted-average common shares outstanding:
Basic 97,178,768 148,847,503
Diluted 99,821,844 152,972,153





View source version on businesswire.com: http://www.businesswire.com/news/home/20170504006236/en/

Clean Energy Fuels Corp.
Investor Contact:
Tony Kritzer
Director of Investor Communications
949.437.1403
or
News Media Contact:
Gary Foster
Senior Vice President, Corporate Communications
949.437.1113

Source: Clean Energy Fuels Corp.




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Clean Energy Fuels Corp.
4675 MacArthur Court, Suite 800 , Newport Beach, CA 92660
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[Jack_Bolander]

I just have the YOY numbers..

Unit sales were down 29%.

[kettleman]

Hey Jack what where the Numbers for Q-1 2016 and 2017 on the CWI I never saw that in the Report? Good Day...



Ndakota