Clean Energy Fuels lifting on upside quarterly results
- Reported Q4 adj EPS of ($0.03) vs ($0.04) S&P Capital IQ Consensus; revs +7.7% y/y to $96.2 mln vs $77.5 mln S&P Capital IQ Consensus
- Adjusted EBITDA for 2019 is expected to be $50.0 -55.0 mln and GAAP net loss for 2019 of $12.0-18 mln assuming no AFTC.
Posts highest levels since August after reporting upside results for its Q4 EPS and revs (+7.7% year/year to $96.2 mln). Revenue growth was driven by higher volumes delivered and continued strong demand for renewable natural gas -- co delivered 98.7 mln gallons in Q4, +14.2% more than it delivered in the prior year period.
