Clean Energy reports Q3 adjusted EPS 0c, consensus (4c)

Reports Q3 revenue $106.1M, consensus $100.98M. Commentary by Andrew J. Littlefair, President and Chief Executive Officer: “We continued to see year-over-year growth in RNG volumes in the third quarter along with solid financial results, meeting our expectations in line with our raised outlook for 2025 announced in August. On the RNG production side of our business, the operating dairy projects made good progress in increasing their overall volume production. But we feel like there is still room for improved production at these facilities which we are focused on. Construction of the five new dairy RNG projects is coming along very nicely. We remain focused on promoting our best-in-class alternative fuel low-carbon solution and are actively working with numerous fleets on their low-carbon fuel solution. We’ve added an X15N Freightliner Cascadia as a second demo truck to accommodate demand by fleets. The addition of Pioneer Clean Fleet Solutions as an important new leasing option to make it easier for heavy-duty fleets to take advantage of a low-carbon solution is a confirmation that RNG is a viable affordable alternative. We feel very good about both our upstream and downstream businesses as well as our strong financial footing.”