Net loss for the third quarter of 2007 was $1.5 million, or $0.03 per share, compared to a net loss of $58.8 million, or $1.72 per share, in the third quarter of 2006. Net loss for the nine month period ended September 30, 2007 was $6 million, or $0.15 per share, compared to a net loss of $62.9 million, or $2.04 per share, in the same period of 2006.
For the third quarter of 2007, the company’s combined volume of compressed natural gas (CNG) and liquefied natural gas (LNG) delivered increased to 20 million gasoline gallon equivalents (gallons), compared to 18.2 million gallons in the same period a year ago. For the nine month period ended September 30, 2007, the combined volume of CNG and LNG delivered rose to 57.1 million gallons, up from 50.7 million gallons for the same period in 2006.
Andrew Littlefair, president and CEO, said: In the nearly 10 years since we founded Clean Energy, we have never seen a more positive environment for natural gas as a transportation fuel. This environment includes record oil prices, the widening spread between the price of natural gas and oil, the significant focus on climate change and low carbon fuels, and the continuing legislative push to use alternative fuels.
