Clean Energy’s Natural Gas Fuel Business Had a Solid Second Quarter

Clean Energy Fuels Corp. says the company's volume of fuel delivered – including compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG) – during the second quarter totaled 64.8 million gallons, up 23% from the 52.6 million gallons delivered in the second quarter of 2013.

Also, for the six months ended June 30, 2014, the number of gallons delivered totaled 124.1 million, up from 102.5 million gallons delivered in the six months ended June 30, 2013.

In terms of company revenue for the second quarter, the figure was $98.1 million, representing an increase from $88.1 million for the second quarter of 2013. For the six months ended June 30, revenue totaled $193.4 million, up from $181.2 million a year ago.

‘Our established businesses of refuse, transit and airports continue to produce record volume levels,’ said Andrew J. Littlefair, Clean Energy's president and CEO. ‘We also made additional inroads into two of our newer markets, ready mix and bulk fuel hauling, during the quarter.’

Littlefair also highlighted the opening of the I-10 and I-40 corridors for heavy-duty trucks that run on natural gas, with Clean Energy stations now dotting the routes from L.A. to Houston and L.A. to Oklahoma City.

‘Our nationwide network of natural gas fueling stations continues to expand as the number of trucking fleets that are either testing natural gas trucks or increasing their current count is rapidly expanding,’ he noted.

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