Clean Energy Fuels’ profit, LNG deliveries rise

Clean Energy Fuels' profit, LNG deliveries rise
Image courtesy of Clean Energy Fuels

Clean Energy Fuels, one of the largest providers of natural gas fuel for transportation in North America reported a rise in profit in the first quarter of 2017.

The company’s profit for the quarter was at $61.1 million compared to net income of $2.8 million for the first quarter of 2016.

The first quarter of 2017 included gains of $3.2 million and $70.6 million, respectively, from the company’s repurchase of a portion of its outstanding debt at a discount to the face amount and the sale of certain assets related to the upstream production portion of the company’s RNG business to BP.

The company delivered 85.1 million gallons in the first quarter of 2017, a 9.8 percent increase from 77.5 million gallons delivered in the first quarter of 2016.

Liquefied natural gas deliveries rose to 16 million gallons from 15.4 million gallons in the corresponding quarter in 2016. Compressed natural gas deliveries, that make up the majority of natural gas deliveries, rose from 61.1 million gallons in the first quarter of 2016 to 68.5 million in the quarter under review.


Share this article

Follow LNG World News


<< Oct 2019 >>
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >