Clean Energy Reports Revenue of $104.9 Million and 59.6 Million RNG Gallons Sold for the Third Quarter of 2024
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Clean Energy Fuels Corp. reported a revenue increase to $104.9 million for Q3 2024, up from $95.6 million in Q3 2023. The company sold 59.6 million RNG gallons but reported a net loss of $18.2 million, an improvement from the $25.8 million loss in Q3 2023.
November 06, 2024 | 9:30 pm
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Clean Energy Fuels Corp. reported increased revenue for Q3 2024 at $104.9 million, up from $95.6 million in Q3 2023. The company sold 59.6 million RNG gallons but still faced a net loss of $18.2 million, an improvement from the previous year's $25.8 million loss.
The increase in revenue and reduction in net loss are positive indicators for Clean Energy Fuels Corp. The improvement in financial performance, despite the net loss, suggests potential investor confidence and a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100