Clean Energy’s Natural Gas Deliveries Rose 25% Last Year
Clean Energy Fuels Corp. said its natural-gas deliveries rose 25% to 195 million gallons last year, although the company reported a fourth-quarter loss.
Clean Energy, which is developing what it calls “America’s Natural Gas Highway,” a nationwide network of liquefied natural gas stations for heavy-duty trucks, defines gallons delivered as LNG, compressed natural gas and renewable natural gas.
Clean Energy announced a joint project with YRC Freight this week, in which YRC will run four LNG-fueled trucks out of the busy Port of Long Beach, Calif.
The company reported a fourth-quarter loss of $41.7 million, or 23 cents a share, compared with a loss of $21 million, or 21 cents, a year ago. Revenue for the quarter rose 15% to $99.1 million.
For the full year, it lost $101 million, or 75 cents a share, compared with a loss of $47 million, or 47 cents, a year ago. Revenue rose 14.4% to $334 million.
“I am particularly proud that we accomplished our goal of building the first 70 LNG fueling stations along America’s Natural Gas Highway,” Andrew Littlefair, Clean Energy’s president, said in a statement.
