Clean Energy Fuels Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Clean Energy Fuels (NASDAQ:CLNE) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$98.0m (up 8.2% from 2Q 2023).
• Net loss: US$16.3m (flat on 2Q 2023).
• US$0.073 loss per share (in line with 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Clean Energy Fuels EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 8.0%. Earnings per share (EPS) exceeded analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Oil and Gas industry in the US.

Performance of the American Oil and Gas industry.

The company's shares are up 7.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Clean Energy Fuels you should know about.

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