Clean Energy Fuels Corp. Reports Q4 and Full Year 2024 Financial Results
Newport Beach, CA, – Clean Energy Fuels Corp. (CLNE), a leading provider of natural gas fuel and renewable natural gas (RNG) for transportation applications, recently disclosed its financial performance for the fourth quarter and the entire year ended December 31, 2024. Below is a detailed analysis of the reported figures.
Financial Highlights
The Company generated a revenue of $109.3 million in Q4 2024, representing a slight increase compared to the same quarter in the previous year with $106.9 million. Despite the modest growth in Q4, Clean Energy recorded a decline in annual revenue, with $415.9 million in 2024 versus $425.2 million in 2023.
The net loss attributable to Clean Energy for the fourth quarter of 2024 was $(30.2) million, or $(0.13) per share, on a GAAP basis. This loss is a significant improvement compared to the net loss of $(37.4) million, or $(0.17) per share, in Q4 2023.
Impact on Individuals
The financial results of Clean Energy Fuels Corp. may not have a direct impact on individuals, as the company primarily focuses on the production and supply of natural gas fuel for transportation applications. However, the broader implications of the company’s financial performance could influence investors, potential employees, and suppliers in the clean energy sector.
Impact on the World
Clean Energy’s financial performance could have indirect implications for the world. The company’s focus on natural gas fuel and RNG for transportation applications contributes to the reduction of greenhouse gas emissions, which is essential to mitigate the effects of climate change. A decrease in revenue for Clean Energy could potentially impact the pace of the transition to cleaner fuel sources and the expansion of RNG infrastructure.
Conclusion
Clean Energy Fuels Corp. reported a slight increase in Q4 2024 revenue compared to the same period in the previous year, but a decline in annual revenue for the year 2024. The net loss for Q4 2024 improved compared to the same quarter in 2023. Although the financial results may not have a direct impact on individuals, the indirect consequences could influence investors, potential employees, and suppliers in the clean energy sector and the transition to cleaner fuel sources.
- Clean Energy Fuels Corp. reported a revenue of $109.3 million in Q4 2024, a slight increase compared to Q4 2023.
- Annual revenue for 2024 was $415.9 million, a decline compared to $425.2 million in 2023.
- Net loss attributable to Clean Energy for Q4 2024 was $(30.2) million, an improvement compared to the net loss in Q4 2023.
- Individuals may not be directly affected by the financial results, but the indirect consequences could impact investors, potential employees, and suppliers in the clean energy sector.
- The transition to cleaner fuel sources, such as natural gas and RNG, is essential to mitigate the effects of climate change, and a decline in Clean Energy’s revenue could potentially impact the pace of this transition.
