Clean Energy Revenue Climbs

Clean Energy Fuels said its revenue for the first quarter ended March 31 was $95.3 million, which was up from $93.0 million for the first quarter of 2013.

Excluding the VETC revenue in the first quarter of 2013, revenue increased 43% between periods.

Gallons delivered for the first quarter of 2014 totaled 59.3 million gallons, compared to 49.9 million gallons delivered in the same period a year ago. Gallons delivered were up 24% for the first quarter of 2014 when excluding 2.2 million gallons delivered in the first quarter of 2013 by the company’s Peruvian joint venture, which was sold in March of 2013.

Andrew J. Littlefair, Clean Energy’s President and Chief Executive Officer said: “We believe our years of experience and leadership position in established markets like refuse and transit are positioning us extremely well to capitalize on the young, but significant opportunity in the heavy-duty truck market. Opening stations and adding incremental volume to existing stations are top priorities for our company and we continue to make significant progress toward those goals.”

Press Release, May 12, 2014

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