Last $10.55 USD
Change Today +0.18 / 1.74%
Volume 715.3K
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As of 8:10 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

4675 MacArthur Court

Suite 800

Newport Beach, CA 92660

United States

Phone: 949-437-1000

Fax: 949-724-1397

Clean Energy Fuels Corp., together with its majority and wholly owned subsidiaries, is engaged in the business of selling natural gas fueling solutions to its customers, primarily in the United States and Canada. The company designs, builds, operates, and maintains fueling stations and supplies it customers with compressed natural gas (CNG) fuel for light, medium and heavy-duty vehicles and liquefied natural gas (LNG) fuel for medium and heavy-duty vehicles. It also sells non-lubricated natural gas compressors and other equipment used in CNG stations and LNG stations; provides operation and maintenance services (O&M) to customers; offers solutions designed to provide operators with code-compliant maintenance facilities to service their natural gas vehicle fleets; produces renewable natural gas (RNG), which could be used as vehicle fuel or be sold for renewable power generation; and sells tradable credits that the company generates by selling natural gas and RNG as a vehicle fuel, including credits that the company generates under the California Low Carbon Fuel Standard (LCFS Credits) and Renewable Identification Numbers (RIN Credits or RINs) that it generates under the federal Renewable Fuel Standard (RFS) Phase 2. In addition, the company helps its customers acquire and finance natural gas vehicles and obtain local, state and federal grants and incentives. The company sells natural gas vehicle fuels in the forms of CNG, LNG, and RNG. It also provides CNG by delivering and vaporizing LNG to turn liquefied natural gas into compressed natural gas (LCNG), at locations where no gas pipeline service exists or gas pipeline pressures are inadequate. The company delivers LNG to fueling stations through its fleet of 88 tanker trailers. CNG is used in passenger vehicles, light to medium-duty vehicles, refuse trucks, transit buses and heavy-duty vehicles, and LNG is used in trucks and other medium to heavy-duty vehicles. The company serves fleet vehicle operators in various markets, including heavy-duty trucks, airports, taxis, refuse hauling, fleet services, ready mix, and public transit. As of December 31, 2013, the company served approximately 779 fleet customers operating approximately 35,240 natural gas vehicles. It owned, operated, or supplied 471 natural gas fueling stations in 39 states, and in British Columbia and Ontario within Canada. In 2013, the company entered a partnership with Mansfield Energy Corp. (Mansfield), a behind-the-gate (private) fuel provider in the U.S., pursuant to which Mansfield would offer the company’s natural gas fueling station construction and operational services to customers. The company acquired Mansfield's CNG construction and service and operations business, operated by Mansfield Gas Equipment Systems Corporation (MGES), to complement and improve its CNG business. Products and Services The company sells CNG, LNG and RNG and provides O&M, services to its customers. It designs and constructs CNG, LNG and LCNG fueling stations, as well as offers solutions designed to provide operators with code-compliant maintenance facilities to service their natural gas vehicle fleets, and sells or leases some of those stations to its customers. The company also sells RNG produced by its subsidiary, Clean Energy Renewable Fuels, LLC (CERF), and sells non-lubricated natural gas fueling compressors and related equipment and maintenance services through its subsidiary, Clean Energy Compression Corp, also known as I.M.W. Industries Ltd. (IMW). In addition, the company helps its customers acquire and finance natural gas vehicles. It also generates and sells RIN Credits and LCFS Credits. CNG Sales: The company sells CNG through fueling stations located on its customers' properties and through its network of public access fueling stations. At these CNG fueling stations, the company procures natural gas from local utilities or brokers under standard, floating-rate arrangements, and then compresses and dispenses it into its customers' vehicles. The company’s CNG sales are made primarily through contracts with its customers. LNG Production and Sales: The company obtains LNG from its own plants, a

 

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Price/Book 1.9x
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