Clean Energy (CLNE)

[mick]

Clean Energy Fuels C (CLNE)
2.37 ? 0.05 (2.16%)
Volume: 415,914 @ 1:23:29 PM EDT ET
Bid Ask Day's Range
2.36 2.37 2.3 - 2.37
CLNE Detailed Quote

[bsm1967]

cricket chirp, cricket chirp, cricket chirp....

Is anybody out there? Boy this POS scared everybody off I guess...lol

cricket chirp, cricket chirp....

[Jack_Bolander]

WHAT IS THE OPPOSITE OF A SHORT SQUEEZE.?

Since the less than stellar earnings, shorts have been able to cover and still not turn CLNE green. That must be the opposite of a Short Squeeze.

I have finished covering, for now, and will wait to see if I can cover more UNDER $2.00's in September.

[Jack_Bolander]

SHORTS ARE COVERING...

and still the share price continues to fall.

What's the opposite of a short squeeze????

[Jack_Bolander]

Or they are like me... SHORTS COVERING DEEP IN THE MONEY.

Not all buyers are investors... and that's a fact.

[pack10]

Looks like we have investors buying today with the idea the PPS will go higher. Insiders don't buy their stock thinking it will go down in value. That is a Fact, for sure!!

[Jack_Bolander]

They just put out earnings that say otherwise...

I deal in FACTS... Buy the rumor....SELL THE FACTS.

[pack10]

Not true. Clne just put out a PR that stated differently. Further, if the spread between DIESEL and NatGas keeps growing the move to NatGas power will increase.

[Jack_Bolander]

If you look at the NGV wins lately they are all in the public sector.

No responsibility to shareholders.

But companies who focus on the bottom line are NOT buying NGV's.

Garbage trucks, school buses, metro... but the dream for long-haul trucking using CNG and LNG are over.

Hub and spoke...small niche business.

[pack10]

You bet they do. Insiders like these two, buy for only one reason. THE STOCK IS GOING HIGHER.

Apparently you think it is as well. So do I. I believe that CLNE has reigned in operations to deal with the lower price of NatGas. Oil / diesel is moving higher and could continue its upward move which in turn will make NatGas power more attractive.

[Jack_Bolander]

Really? You think insiders like this price?

In the past 3 years insider sells outnumber insider buys 10 to 1.

Also in all of the posts (hundreds) after earnings...only one post postulated that the drop in share price on Friday was an overreaction to a bus study.

Impressive analytical skills !!

[krays]

Insiders like the price - buying opportunity! Got some myself!

http://investors.cleanenergyfuels.com/secfiling.cfm?filingid=1179110-17-11186&CIK=1368265

http://investors.cleanenergyfuels.com/secfiling.cfm?filingid=1179110-17-11183&CIK=1368265

[Jack_Bolander]

Pack that is a very pretty article...

And I can't begin to imagine the author's motives for writing such a positive piece...very balanced, and full of facts and figures. I suspect it may have taken more than 5 minutes to do all of the research and then write that incisive piece. (If the author posted actual RNG numbers /ratios for instance, we could have all had something to smile about.).

I think that this article (below) is more accurate and has a few more facts and figures:

CLNE's VITAL SIGNS ARE ALL FADING !

Remember the 30% growth rates, then 20%, then 11%, NOW 6-8% ??

That is not a healthy trend nor is it stable.
Fewer new stations
Fewer compressors

A 25% drop in revenues !!!


The "True Believers" have already bought their NGV's, and now WPRT and CLNE have to sell to the skeptical realistic market, who aren't buying ...for the same reason you don't own an NGV;

it is too inconvenient and not worth the trouble.

UPS already has their token NGV's like a good corporate citizen. We see the handful of NGV's, and ignore their 100,000+ conventional vehicles which still pollute up a storm. I'm not so easily fooled.

Your dream of seeing 1 in 10 long-haul trucks on the highway using CNG, is over. CLNE's quarterly earnings/vital signs show a trickle of business and a small niche. The game is over, and this quarters' numbers signal the beginning of the end.

A school bus here and a garbage truck there is all that we will see from now on, because cities and metros don't care about the bottom lines like real trucking companies do.

[pack10]

This article sums up what is happening at Clean Energy,imo. In case no one has notice the price of diesel is going higher vs NatGas going lower.

Over the past several years, investors in Clean Energy Fuels have taken a beating. But even while that's happened, it's looking like the company is finally primed to start delivering solid returns for investors.

I know what you're thinking: Why natural gas? Isn't the future of cars the EV? It probably is, but to ignore Clean Energy Fuels, for this reason, is a gross misunderstanding of the company's business, as well as its likely future.

To start, Clean Energy Fuels' customers are medium- and heavy-duty vehicle fleet operators, such as solid waste trash truck operators, bus fleets, and heavy-duty tractor trailers among others, and not individual automobiles. And natural gas has proven to be incredibly effective for these applications, many of which are beyond the capabilities of electric powertrains and likely to remain so for years.

Furthermore, Clean Energy's fastest-growing business is biomethane, produced from landfills, dairy farms, and other such facilities, and by capturing and using this methane, the environmental impact of these facilities is significantly reduced, as are the emissions of the vehicles burning them.

Why Clean Energy now? In short, the company's balance sheet is the strongest it's been in years after a major debt reduction, operating and capital spending is also down by double digits, while fuel sales continue to grow. This has the company producing positive cash flows and set to grow those cash flows in coming years even as the market continues to beat the stock down.

[Jack_Bolander]

CLNE's VITAL SIGNS ARE ALL FADING !

Remember the 30% growth rates, then 20%, then 11%, NOW 6% ??

That is not a healthy trend nor is it stable.
Fewer new stations
Fewer compressors

A 25% drop in revenues !!!

And the growth rate at WPRT is slowing as well.

The "true Believers" have already bought their NGV's, and now WPRT and CLNE have to sell to the skeptical realistic market, who aren't buying ...for the same reason you don't own an NGV;

it is too inconvenient and not worth the trouble.

UPS already has their token NGV's like a good corporate citizen. We see the handful of NGV's, and ignore their 100,000+ conventional vehicles which still pollute up a storm. I'm not so easily fooled.

Your dream of seeing 1 in 10 long-haul trucks on the highway using CNG, is over. CLNE's quarterly earnings/vital signs show a trickle of business and a small niche. The game is over, and this quarters' numbers signal the beginning of the end.

A school bus here and a garbage truck there is all that we will see from now on, because cities and metros don't care about the bottom lines like real trucking companies do.

[Jld3294]

Haha good point. I forgot we're already in August. CLNE hit $3 in July, that's what I thought you said.

[Jack_Bolander]

Revenue for the second quarter of 2017 was $81.0 million, a 25.0% decrease from $108.0 million of revenue for the second quarter of 2016.

That is from the CLNE press release...

[Jack_Bolander]

I think today's drop had more to do with this:

CLNE News: Quarterly Report (10-q)

LOUSY QUARTERLY NUMBERS !

[krays]

You were wrong as usual. Revenue and earnings exceeded expectations.

You and I both know why they showed reduced revenue and it has nothing to do with growth or financial health.

VTEC down 6.5m
Gain from debt extinguishment down 10m
Environmental credits down 9m due to the BP deal.

Record sales - 200m cash.

I advise you short the stock from here.

[krays]

Buying opportunity! Overreaction to this, but it is only a trial and has been in the works for a couple years. The Prior electric bus trial was a complete failure and the busses were returned to the supplier.

Key Milestone: ZEB Technology Assessment (2019-2020) – “Go/No-Go” decision milestone on expanding use of ZEB fleet-wide at Metro in 2019-2020 (i.e. determine whether to move into Phase 2).

http://metro.legistar1.com/metro/attachments/cf4d8016-66ff-4b36-a88b-58b4741ffa4d.pdf

[Jack_Bolander]

Kray I actually thought today's drop was due to the LOUSY QUARTERLY NUMBERS. and had nothing to do with the LA Buses.

CLNE REVENUES WERE DOWN 25% !!! That is terrible. Not hindsight, this is real-time.

Here's Why Clean Energy Fuels Dropped as Much as 10.6% Today
The company reported second-quarter 2017 earnings.

Maxx Chatsko (TMFBlacknGold) Aug 4, 2017 at 1:03PM
What happened

Shares of natural gas transportation-fuels leader Clean Energy Fuels (NASDAQ:CLNE) fell nearly 11% today after the company reported second-quarter 2017 earnings. The good news is that the volume of fuel sold during the period increased from the year-ago quarter. The bad news is, well, just about everything else.

Revenue from renewable fuel sales, federal tax credits, station construction, and compression systems fell compared to the year-ago period. That led to a year-over-year drop in total revenue of 25%. Although total revenue for the first half of 2017 is still above that from the first half of 2016, investors are worried that the recent asset sale of Redeem production facilities to BP will result in this being more of the norm going forward.

As of 11:44 a.m. EDT, the stock had settled to an 8% loss.

Compressors and pipelines gathering renewable biomethane from a landfill.
IMAGE SOURCE: GETTY IMAGES.

So what
Here are selected financial highlights for the second quarter of 2017 and the year-ago period:

Metric
Q2 2017
Q2 2016
Percentage Change
Gallons sold
88.4 million
82.9 million
6.6%
Volume-related revenue
$63.3 million
$71.6 million
(11.6%)
Compressor revenue
$5.2 million
$8.8 million
(41%)
Station construction
$12.3 million
$21.1 million
(41.7%)
Federal excise tax for renewable fuels (VETC)
$0
$6.5 million
N/A
Other revenue
$0.2 million
$0
N/A
Total revenue
$81 million
$108 million
(25%)
Operating expenses
$95 million
$108.9 million
(13%)
EPS
($0.12)
$0.01
N/A
SOURCE: CLEAN ENERGY FUELS.

Compressor sales and station construction were down due to lack of demand. Meanwhile, the expiration of the VETC on the last day of 2016 means the company's renewable fuel sales are no longer supported by federal tax credits. It could be retroactively reinstated at a later date, and Clean Energy Fuels still realizes benefits from other federal and state tax credits, but the company will realize less revenue from all tax credits regardless moving forward. Why?

The sale of its Redeem production facilities to BP has permanently decreased the amount of money it makes from the sale of its renewable fuels. That is the new normal -- and something investors (including myself) may have overlooked previously.

Now what
Clean Energy Fuels has a new strategy that focuses on building the core parts of its business while maintaining lower operating expenses. However, a 25% drop in total revenue more than offset the 13% reduction in operating expenses between the second quarter of 2017 and the same period last year. Many of the driving factors behind weakness in the most recent quarter are out of the company's control, but it appears that the stock's turnaround may be more difficult than Mr. Market may have realized.

[Jack_Bolander]

Lol NO TECHNICALLY... CLNE DID NOT HIT $3.00 IN JUNE....!!! LOL

[Jld3294]

Technically it did hit $3 in June... lol

[Jack_Bolander]

YOU ARE ALL WELCOME.

Right AGAIN !!!

Who said $3.00 by June?

[bajista]

What I got from the CC was that right now, without a tax credit they can't be profitable. That's not a good situation for any business. It gives shorts good reason to keep a lid on the stock price.

[Jack_Bolander]

Revenue for the second quarter of 2017 was $81.0 million, a 25.0% decrease from $108.0 million of revenue for the second quarter of 2016.

[lakingsphan0427]

Clean Energy Reports 88.4 Million Gallons Delivered and Revenue of $81.0 Million for Second 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 second quarter and six months ended June 30, 2017.

The Company delivered 88.4 million gallons in the second quarter of 2017, a 6.6% increase from 82.9 million gallons delivered in the same period in 2016. For the six months ended June 30, 2017, the Company delivered 173.5 million gallons, an 8.2% increase from 160.4 million gallons delivered in the same period in 2016.

Revenue for the second quarter of 2017 was $81.0 million, a 25.0% decrease from $108.0 million of revenue for the second quarter of 2016. This decrease was primarily due to a lower effective price per gallon because of the Company's sale of certain assets related to the upstream production portion of its RNG business to BP Products North America Inc. ("BP") in the first quarter of 2017 (the "Asset Sale"). Although the Company continues to generate revenue relating to the sale of RINs and LCFS Credits from sales of its Redeem™ RNG vehicle fuel, the amount of revenue it receives from the sale of these credits has decreased as a result of the Asset Sale. In addition, revenue decreased compared to the second quarter of 2016 due to the expiration of the U.S. federal excise tax credits for alternative fuels ("VETC") as of December 31, 2016. Station construction revenue decreased between periods, principally due to a decrease in large, full-station projects. Compressor revenue decreased due to low global demand in the compressor sector. Revenue increased by $4.0 million from a year ago related to increased gallons delivered.

Revenue for the six months ended June 30, 2017 was $170.5 million, a 16.3% decrease from $203.8 million compared to the same period in 2016, primarily due to the same factors described above.

Andrew J. Littlefair, Clean Energy's President and Chief Executive Officer, stated: "Continued volume growth and positive adjusted EBITDA made for a favorable second quarter with what we believe is positive momentum moving forward. Particularly of note were several significant customer wins with our Redeem™ renewable natural gas, demonstrating how the transportation industry continues to embrace the cleanest fuel available."

On a GAAP basis, net loss for the second quarter of 2017 was $(17.8) million, or $(0.12) per share, compared to net income of $1.5 million, or $0.01 per share, for the second quarter of 2016. The second quarter of 2017 included a $0.8 million reduction to the gain from the Asset Sale and the second quarter of 2016 included VETC revenue of $6.5 million and a gain of $10.1 million from the repurchase of debt at a discount to the face amount.

On a GAAP basis, net income for the six months ended June 30, 2017 was $43.3 million, or $0.28 per share, compared to net income of $4.4 million, or $0.04 per share, for the six months ended June 30, 2016. The six months ended June 30, 2017 included gains of $3.2 million and $69.9 million from the Company's repurchase of a portion of its outstanding debt at a discount to the face amount and from the Asset Sale, respectively. The six months ended June 30, 2016 included VETC revenue of $12.9 million and a gain of $26.0 million from the repurchase of debt at a discount to the face amount.

Non-GAAP loss per share and Adjusted EBITDA for the second quarter of 2017 was $(0.10) per share and $3.2 million, respectively. Non-GAAP income per share and Adjusted EBITDA for the second quarter of 2016 was $0.03 per share and $26.7 million, respectively, which included VETC revenue and gains from debt repurchases.

Non-GAAP income per share and Adjusted EBITDA for the six months ended June 30, 2017 was $0.31 per share and $84.0 million, respectively, which included gains from debt repurchases and the Asset Sale. Non-GAAP income per share and Adjusted EBITDA for the six months ended June 30, 2016 was $0.08 per share and $56.5 million, respectively, which included VETC revenue and gains from debt repurchases. Non-GAAP income (loss) per share and Adjusted EBITDA are described below and reconciled to GAAP net income (loss) and income (loss) 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 (loss) per share ("non-GAAP EPS" or "non-GAAP income (loss) 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 (loss) or income (loss) 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 (loss) 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 (loss) attributable to Clean Energy Fuels Corp. to an adjusted net income (loss) figure used in the calculation of non-GAAP EPS:

Three Months Ended
June 30, Six Months Ended
June 30,
(in 000s, except share and per-share amounts) 2016 2017 2016 2017
Net Income (Loss) Attributable to Clean Energy Fuels Corp. $ 1,530 $ (17,808 ) $ 4,358 $ 43,251
Stock-Based Compensation, Net of $0 Tax 2,037 2,778 4,456 4,688
Adjusted Net Income (Loss) $ 3,567 $ (15,030 ) $ 8,814 $ 47,939
Diluted Weighted-Average Common Shares Outstanding 111,743,512 150,586,423 106,252,692 152,415,149
GAAP Income (Loss) Per Share $ 0.01 $ (0.12 ) $ 0.04 $ 0.28
Non-GAAP Income (Loss) Per Share $ 0.03 $ (0.10 ) $ 0.08 $ 0.31


Adjusted EBITDA

Adjusted EBITDA is defined as net income (loss) 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 (loss) attributable to Clean Energy Fuels Corp.:

Three Months Ended
June 30, Six Months Ended
June 30,
(in 000s) 2016 2017 2016 2017
Net Income (Loss) Attributable to Clean Energy Fuels Corp. $ 1,530 $ (17,808 ) $ 4,358 $ 43,251
Income Tax Expense (Benefit) 432 124 813 (2,139 )
Interest Expense 8,136 4,285 17,437 9,196
Interest Income (315 ) (499 ) (456 ) (691 )
Depreciation and Amortization 14,920 14,336 29,881 29,653
Stock-Based Compensation, Net of $0 Tax 2,037 2,778 4,456 4,688
Adjusted EBITDA $ 26,740 $ 3,216 $ 56,489 $ 83,958


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 and six months ended June 30, 2016 and 2017:

Three Months Ended
June 30, Six Months Ended
June 30,
Gallons Delivered (in millions) 2016 2017 2016 2017
CNG 63.9 71.1 125.0 139.6
RNG(1) 0.6 0.6 1.6 1.2
LNG 18.4 16.7 33.8 32.7
Total 82.9 88.4 160.4 173.5


(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 and six months ended June 30, 2016 and 2017:

Three Months Ended
June 30, Six Months Ended
June 30,
Revenue (in Millions) 2016 2017 2016 2017

Volume-Related
$ 71.6 $ 63.3 139.5 136.9
Compressor Sales 8.8 5.2 17.1 11.7
Station Construction Sales 21.1 12.3 34.3 21.6
VETC 6.5 — 12.9 —
Other — 0.2 — 0.3
Total $ 108.0 $ 81.0 $ 203.8 $ 170.5


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, September 3, by dialing 1.844.512.2921 from the U.S., or 1.412.317.6671 from international locations, and entering Replay Pin Number 13666012. 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 United States. 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: growing momentum in the market for natural gas and other alternative vehicle fuels and the Company's ability to capture a significant share of this market; sales of growing volumes of RNG and other natural gas vehicle fuel; and growth in the Company's customer base. 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, including its various relationships with BP and its affiliates; 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 August 3, 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,
2016 June 30,
2017
Assets
Current assets:
Cash and cash equivalents $ 36,119 $ 49,959
Restricted cash 6,996 253
Short-term investments 73,718 151,259
Accounts receivable, net of allowance for doubtful accounts of $1,063 and $1,280 as of December 31, 2016 and June 30, 2017, respectively 79,432 63,872
Other receivables 21,934 15,316
Inventory 29,544 29,949
Prepaid expenses and other current assets 14,021 12,239
Total current assets 261,764 322,847
Land, property and equipment, net 483,923 423,333
Notes receivable and other long-term assets, net 16,377 19,868
Investments in other entities 3,475 2,572
Goodwill 93,018 67,062
Intangible assets, net 38,700 36,764
Total assets $ 897,257 $ 872,446
Liabilities and Stockholders' Equity
Current liabilities:
Current portion of debt and capital lease obligations $ 5,943 $ 4,319
Accounts payable 23,637 15,424
Accrued liabilities 52,601 35,740
Deferred revenue 7,041 6,359
Total current liabilities 89,222 61,842
Long-term portion of debt and capital lease obligations 241,433 210,509
Long-term debt, related party 65,000 40,000
Other long-term liabilities 7,915 5,230
Total liabilities 403,570 317,581
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 150,849,588 shares at December 31, 2016 and June 30, 2017, respectively 15 15
Additional paid-in capital 1,090,361 1,107,809
Accumulated deficit (603,836 ) (561,082 )
Accumulated other comprehensive loss (17,675 ) (15,633 )
Total Clean Energy Fuels Corp. stockholders' equity 468,865 531,109
Noncontrolling interest in subsidiary 24,822 23,756
Total stockholders' equity 493,687 554,865
Total liabilities and stockholders' equity $ 897,257 $ 872,446





Clean Energy Fuels Corp. and Subsidiaries

Condensed Consolidated Statements of Operations

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


Three Months Ended
June 30, Six Months Ended
June 30,
2016 2017 2016 2017
Revenue:
Product revenue $ 94,731 $ 67,849 $ 178,723 $ 144,078
Service revenue 13,294 13,167 25,084 26,429
Total revenue 108,025 81,016 203,807 170,507
Operating expenses:
Cost of sales (exclusive of depreciation and amortization shown separately below):
Product cost of sales 61,880 50,825 115,251 105,422
Service cost of sales 6,848 6,519 12,732 12,783
Selling, general and administrative 25,261 23,304 50,856 47,077
Depreciation and amortization 14,920 14,336 29,881 29,653
Total operating expenses 108,909 94,984 208,720 194,935
Operating loss (884 ) (13,968 ) (4,913 ) (24,428 )
Interest expense (8,136 ) (4,285 ) (17,437 ) (9,196 )
Interest income 315 499 456 691
Other income (expense), net (147 ) 135 103 (32 )
Income (loss) from equity method investments 67 (34 ) (7 ) (70 )
Gain from extinguishment of debt 10,120 — 26,043 3,195
Gain (loss) from sale of certain assets of subsidiary — (762 ) — 69,886
Income (loss) before income taxes 1,335 (18,415 ) 4,245 40,046
Income tax benefit (expense) (432 ) (124 ) (813 ) 2,139
Net income (loss) 903 (18,539 ) 3,432 42,185
Loss attributable to noncontrolling interest 627 731 926 1,066
Net income (loss) attributable to Clean Energy Fuels Corp. $ 1,530 $ (17,808 ) $ 4,358 $ 43,251
Income (loss) per share:
Basic $ 0.01 $ (0.12 ) $ 0.04 $ 0.29
Diluted $ 0.01 $ (0.12 ) $ 0.04 $ 0.28
Weighted-average common shares outstanding:
Basic 109,272,906 150,586,423 103,782,086 149,721,767
Diluted 111,743,512 150,586,423 106,252,692 152,415,149







View source version on businesswire.com: http://www.businesswire.com/news/home/20170803005963/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]

Uh Oh.... tomorrow will be painful.

A pretty steep drop in new station builds and compressors....these are leading indicators...

Rate of growth used to be in the double digits..SAD...VERY SAD.

[Jack_Bolander]

You had me until I saw that the article was written by Jason Hall.

I urge everyone to go back and read some of Mr. Hall's earlier missives.

I especially like the one that called for an increase in the share price when CLNE was at $12.00/share,,, a classic.

You you quickly see that this is another of his classic misses.

[pack10]

Interesting article on CLNE

The trajectory of its cash flows has this stock potentially dirt cheap
Jason Hall (Clean Energy Fuels): If you've watched the price of Clean Energy's stock over the past few years, I wouldn't fault you for think this was a failing company knocking on the doors of death:

CLNE Chart

CLNE DATA BY YCHARTS

At least you might think that if you didn't go any further than just looking at the stock price. But when you pop the hood on the business itself, things look very different. Cash flows and funds from operations have improved greatly in the past three years:

CLNE Funds from Operations (TTM) Chart

CLNE FUNDS FROM OPERATIONS (TTM) DATA BY YCHARTS

This is a product of three things:

Cutting operating expenses, debt, and capital spending to drive down cash outflows.
Still spending enough capital to grow the station count.
Growing fuel volumes sold to drive higher gross profit dollars.
And this has the company positioned for what could be its best year ever from a cash-flow perspective, as its SG&A and interest expenses will be millions less this year, and fuel volumes are on track to grow in the high single digits again, driving even more profit margin dollars and potentially being free cash flow positive for the full year while also paying off even more debt.

From a value perspective, Clean Energy trades for less than 4 times trailing EBITDA, and less than 18 times cash from operations. For a company set to grow cash flows and core fuel volumes by nearly double-digit rates, that's pretty cheap.

The risk? A major asset sale earlier this year will further reduce debt and operating expenses, but it will also affect margins. If the effect is bigger than expected, cash flows could suffer. On balance, I think the reward is worth the risk.

[pack10]

We're going to see a good quarter. Maybe more important will be Q3 and 4 and beyond. I suspect the future reports to be much better.

Did you read CMI's quarterly report? They mentioned increased truck/engine sales in Q2. What this tells me is an increasing and growing economy.

[Hypocrates]

We'll see.....

[Jack_Bolander]

Buy the rumor and sell the facts?

AH trades are meaningless .

[Hypocrates]

Did you see that 15k share purchase in the ah trading today. Looks like someone got wind of tomorrow's er.

Mega bullish!??

[Jack_Bolander]

Think of how bad it would be without the news.

Although renewing a contract is good, it doesn't necessarily mean more volume, just that existing volumes will be maintained.

So the news is good, but not great!

[lakingsphan0427]

We have news and the pps goes belly up..wtf

[lakingsphan0427]

Clean Energy Awarded Multi-Year Extension by DART; Continues to Add Fleets, Extend Agreements and Grow Redeem™ Volumes

Clean Energy Fuels Corp. (MM) (NASDAQ:CLNE)
Intraday Stock Chart
Today : Wednesday 2 August 2017

LAMTA Commits to Redeem™ RNG with 360 Additional Buses Equipped with Cleanest Engine Technology Available
Clean Energy Fuels Corp. (Nasdaq: CLNE) announced that Dallas Area Rapid Transit (DART), one of the country’s largest transit agencies to move away from diesel to natural gas, has extended Clean Energy’s operation and maintenance contract for an additional four years. Clean Energy services DART’s four compressed natural gas (CNG) facilities supporting 537 buses and 123 shuttles and paratransit vehicles. These stations are anticipated to dispense approximately 40 million gasoline gallon equivalents (GGEs) over the contract period.
On July 27, Los Angeles Metropolitan Transit Authority (LAMTA) approved the purchase of an additional 65 CNG buses, expanding on a purchase earlier in July of 295, for a total of 360 new CNG buses. LAMTA currently operates the largest CNG fleet in the nation with a total of 2,250 buses, all of which may, at the option of LAMTA, be fueled by Clean Energy’s Redeem™ brand of renewable natural gas (RNG) that is the cleanest transportation fuel available rated 70% cleaner than diesel. These new buses will be fitted with CWI’s latest L9N engines, which have NOx emissions 90% lower than the current EPA NOx limit of 0.2 g/bhp-hr.
In addition to these two agreements in the transit market, Santa Cruz Metropolitan Transit has extended its LNG fueling contract with Clean Energy, as has Orange County Transportation Authority.
The Cities of Fresno, California, and Tempe, Arizona, along with the National Park Service Grand Canyon and Kings County Area Public Transit in Hanford, California, have each signed operations and maintenance agreements with Clean Energy for their stations. These agencies are estimated to dispense close to 6 million GGEs per year.
In the heavy duty trucking market, Clean Energy added three large United States Postal Service (USPS) carriers to its customer list. They include one of the largest USPS carriers, St. Augustine, Florida-based Postal Fleet Services; Thunder Ridge Transport, a carrier servicing 13 states; and Edward Zengel & Sons, also based out of Florida. The addition of these three fleets brings the total number of USPS carriers fueled by Clean Energy to 13.
Long time Clean Energy customer Ruan Transportation Management Systems, No. 25 in Transport Topics’ 2017 list of the Top 50 Logistics Companies, has also awarded Clean Energy a fueling contract for CNG trucks operating out of Dallas and Austin, Texas. Food Express, a national transporter of food grade commodities, based out of Arcadia, California, will begin fueling with Clean Energy for their routes in Southern California.
The addition of these fleets represents approximately 400,000 GGEs per year.
Check out one trucker’s discovery of running greener with natural gas here.
In the refuse sector, Clean Energy was awarded a contract to design and build a new station for Patriot Waste, the refuse provider to Prescott Valley, Arizona. The Cities of Denver; Sacramento and Redlands, California; and Marborg Industries in Santa Barbara, California, have also extended fueling agreements for their transit agencies.
The City of San Bernardino, California, has awarded Clean Energy a multi-year LNG supply and maintenance contract. The LNG is converted into CNG for the City’s public fueling station which is utilized by many neighboring CNG school bus and refuse fleets.
The fueling contracts and maintenance agreements represent approximately 2.25 million GGEs per year.
See how refuse fleets are benefiting communities across North America here.
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; 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.
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 numbers of vehicles expected to be deployed, amounts of natural gas fuel expected to be consumed and the benefits of natural gas relative to gasoline and diesel. 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, the price of natural gas relative to gasoline and diesel, the cost and operating experience associated with natural gas vehicles, and permitting and other factors affecting construction. 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/20170802005491/en/
Clean Energy Media Contact:
Jason Johnston, 949-437-1411
[e-mail]
or
Clean Energy Investor Contact:
Tony Kritzer, 949-437-1403
[e-mail]

[Jack_Bolander]

BP GETS IT !

https://finance.yahoo.com/news/bp-talks-electric-carmakers-station-chargers-140634306--finance.html

[bsm1967]

U G L Y....

[Willowcharts]

Krays, This may be my only hub post and it has but one purpose, to show thanks. You sir have been outstanding over time with DD that is timely and material to CLNE. This link is just another example in a history of many.
Thank you.

[kettleman]

all right Jack. Ed 101. Clne is after Truckers/ Busses/ Trash / They are the biggest Users, although Many Airports Have gone NGV, for transport. Clean has said this Many time. Your Question, Many Truckers have converted and posted on this sight. You keep wanting to act as though Cars are going to make a differance. They may down the Road. the Heavy duty work horses, is what make CLNE or WPRT Profitable, smaller Vehicles are the GRAVY, as we move FWD.. You already know this. Have a Great Day.. enjoy the upside moves as we go......




Ndakota

[Jack_Bolander]

YES. There is a poster on Yahoo who has owned 3 NGV's, but drives a BMW i-8. He loves the environment but hates NGV's.
He says near-zero trade-in value.

A better question why do none of the true believer posters own or drive an NGV.?

[kettleman]

"krays' I do not believe you could ask for anything better then that, IMHO we will see CMI Purchase WPRT, That is a Great Find.. Good Day...



Ndakota

[kettleman]

One Question.. Do you know of anyone that Converted to cng,lng,RNG and decided to go back to Desl..?

[krays]

Good stuff!

https://www.socalgas.com/1443741022531/07_26_17-NEWS-RELEASE-UC-Riverside-Study-on-Ultra-Low-Emission-Natural-Gas-Engines.pdf

[kettleman]

Agreed, the Q-2 should be Good, and I'm looking to hear where some of the other Companies distributing are getting there RNG from? Is it coming from Clean? Good Day...




Ndakota

[pack10]

Hey Kettleman your memory serves you well. I posted this on 04/11

Slow march to $3.00 a share by June. Get them on the low end while you still can.


I expect a good Q2 and continued growth.

[Jack_Bolander]

A couple of buses here, a couple of garbage trucks there....It all adds up to slow organic growth.
The true believers have already purchased their NGV s which explains the slowing sales.

[bajista]

What's the news from WPRT?

[kettleman]

I'll add that Pack10 was off by 25 Days, If i'm not mistaken his mark was June. July 25th is close enough for me.. and its alot better then some where saying about $1.00. Everything I'm reading tells me WPRT and CLNE in in for some nice upside which is Fine By me... Good Day...


Ndakota