On Friday, Clean Energy Fuels Corp (NASDAQ:CLNE)’s shares declined -4.27% to $7.62.
Clean Energy Fuels Corp (CLNE) declared operating results for the first quarter ended March 31, 2015.
Gallons delivered for the first quarter of 2015 raised 27% to 75.2 million gallons, contrast to 59.3 million gallons delivered in the same period a year ago. CNG, LNG and RNG gallons delivered were 52.4 million, 18.3 million and 4.5 million, respectively, for the first quarter of 2015, contrast to 39.4 million, 16.7 million and 3.2 million, respectively, in the same period of 2014.
Revenue for the first quarter of 2015 was $85.8 million, a decrease of 10% contrast to $95.3 million for the first quarter of 2014. Construction revenue in the first quarter of 2015 was $9.8 million less than construction revenue in the first quarter of 2014, principally due to timing of revenue recognition on construction projects in-process as of March 31, 2015 totaling about $9.1 million. Lower fuel prices which were driven by lower natural gas commodity costs reduced revenue by about $3.7 million in the first quarter of 2015 contrast to the same period in 2014. Revenue for IMW Industries, Ltd. (IMW), Clean Energy’s compressor manufacturing partner, was lower by $7.9 million when contrast to the same period in 2014 due to anticipated effects of the soft global oil market and changes in customer mix. Revenue related to gallons delivered raised by $8.4 million comparing the first quarter of 2015 to the first quarter of 2014.
Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. It designs, builds, operates, and maintains fueling stations; and supplies compressed natural gas (CNG) fuel for light, medium, and heavy-duty vehicles, in addition to liquefied natural gas (LNG) fuel for medium and heavy-duty vehicles.
Arch Coal Inc (NYSE:ACI)’s shares dropped -4.3% to $0.662.
Arch Coal Inc (ACI) declared that it received notice on May 21, 2015 from the New York Stock Exchange (the “NYSE”) that it does not presently satisfy the NYSE’s continued listing standard requiring the average closing price of a listed company’s common stock to be at least $1.00 per share for any period of 30 successive trading days. As of May 15, 2015, the average closing price per share of the Company’s common stock over the preceding 30 trading-day period was $0.99.
In accordance with NYSE rules, the Company will respond to the NYSE within 10 business days of receipt of the notification with its intent to resolve the deficiency. The Company has six months to regain compliance with the NYSE continued listing requirements and will actively monitor its stock price and evaluate all accessible options in order to regain compliance within the prescribed timeframe.
Arch Coal, Inc. produces and sells thermal and metallurgical coal from surface and underground mines located in the United States. As of December 31, 2014, it operated or contracted out the operation of 16 mines; and owned or controlled about 5.1 billion tons of proven and probable recoverable reserves.
At the end of Friday’s trade, Comstock Resources Inc (NYSE:CRK)‘s shares dipped -4.25% to $3.83.
Comstock Resources Inc (CRK) stated financial and operating results for the three months ended March 31, 2015.
Comstock stated a net loss of $78.5 million or $1.71 per share for the first quarter of 2015 as contrast to net income of $1.2 million or 2¢ per diluted share for the first quarter of 2014. The first quarter 2015 results comprise impairments on unevaluated acreage and oil and gas properties of $40.8 million ($26.5 million after tax or 58¢ per share), drilling rig termination fees of $1.8 million ($1.2 million after tax or 3¢ per share) and a net loss on extinguishment of debt of $2.7 million ($1.8 million after tax or 4¢ per share). Financial results for the first quarter of 2014 comprised of an unrealized loss from derivative financial instruments of $3.6 million ($2.4 million after tax or 6¢ per share). Not taking into account these items from each year`s results, the net loss for the first quarter of 2015 would have been $49.0 million or $1.06 per share as contrast to net income of $3.6 million or 8¢ per diluted share in the first quarter of 2014.
In the first quarter of 2015, the Company accomplished four horizontal Eagle Ford shale wells (2.2 net) in South Texas. These wells had an average per well initial production rate of 747 barrels of oil equivalent (“BOE”) per day (90% oil). The Company has also accomplished four wells (3.8 net) on its Burleson County, Texas acreage. Three of these wells (the Henry A2, A3 and A4) had an average per well initial production rate of 764 BOE per day (80% oil). The Lewis A1 H had an initial rate of 101 barrels of oil and 2.9 million cubic feet of gas. The Company has an additional four wells (4.0 net) in Burleson County, Texas that are cleaning up after their respective fracture treatments.
Comstock Resources, Inc., an independent energy company, acquires, develops, explores, and produces oil and natural gas properties in the United States.
Alpha Natural Resources, Inc. (NYSE:ANR), ended its Friday’s trading session with -4.41% loss, and closed at $0.650.
Alpha Natural Resources, Inc. (ANR) have notified employees recently of the predictable idling of the mining and processing operations where they work. In accordance with requirements of the Worker Adjustment and Retraining Notification (WARN) Act, notices were given recently to 439 employees at Rockspring Development’s Camp Creek Underground Mine and Processing Plant in Wayne County, West Virginia, regarding the predictable idling of those facilities based on the mine operator’s current assessment of market conditions.
Alpha Natural Resources, Inc., together with its auxiliaries, engages in extracting, processing, and marketing steam and metallurgical coal in Kentucky, Pennsylvania, Virginia, West Virginia, and Wyoming. It operates through two segments, Eastern Coal Operations and Western Coal Operations.
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