Clean Energy Fuels slips after Q2 core profit misses estimates

Clean Energy Fuels

10/08/2023 19:30

** Shares of Clean Energy Fuels Corp  CLNE.O  down 5.1% at
$4.26
    ** Co says Q2 adj. earnings before interest, taxes,
depreciation, and amortization (EBITDA) is $12.1 mln vs.
analysts' estimate of $12.7 mln - Refinitiv 
    ** CLNE reports Q2 rev. of $90.5 mln, compared with
analysts' estimate of $102.6 mln 
    ** Co reaffirms its 2023 net loss and EBITDA forecast
    ** CLNE sold 58.6 million gallons renewable natural gas in
Q2, 17.2% higher than last year
    ** Co says Q2 revenue decline comes from lower prices 
    ** Including the session's losses, stock is down ~17% 

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))