- Published: Wednesday, 10 August 2016 06:58
Clean Energy Fuels Corp. delivered 82.9 million gallons in the second quarter of 2016, an 11% increase from 74.4 million gallons delivered in the second quarter of 2015.
Revenue for the second quarter of 2016 was $108.0 million, a 24% increase from $86.9 million for the second quarter of 2015. Revenue for the second quarter of 2016 included $6.5 million of excise tax credits for alternative fuels whereas the second quarter of 2015 did not include any VETC revenue according to Clean Energy Fuels Corp.
Clean Energy defines “gallons delivered” as its gallons of compressed natural gas, liquefied natural gas and renewable natural gas, along with its gallons associated with providing operations and maintenance services, delivered to its customers during the applicable period plus the Clean Energy's proportionate share of gallons delivered by joint ventures.
The table below shows gallons delivered for the three and six months ended June 30, 2015 and 2016:
(1) Represents RNG sold as non-vehicle fuel. RNG sold as vehicle fuel, also known as Redeem™, is included in CNG and LNG.