Clean Energy’s 1Q Loss Narrows, Natural Gas Deliveries Rise 14%

Clean Energy Fuels Corp. said its first-quarter loss narrowed from a year ago as sales rose and natural gas deliveries increased.

The company lost $3.9 million, or 4 cents a share, compared with a loss of $31.9 million, or 37 cents, a year ago.

Revenue rose to $93 million from $73.2 million, while gallons delivered rose 14% to 49.9 million.

CEO Andrew Littlefair said “significant progress has taken place over the last few months in longhaul trucking’s transition to natural gas.”

“With the initial stations of our ‘America’s Natural Gas Highway’ in place, we are now ready to start realizing the benefits of this investment,” he said in a statement.

Clean Energy and Westport Innovations announced a joint program in March aimed at boosting adoption of liquefied natural gas vehicles among trucking companies.