UPDATE 1-Clean Energy Fuels posts narrower-than-expected Q4 loss
* Q4 shr loss $0.09, ex-items
* Rev down marginally, misses estimates
* Sees demand for natural gas rising
* Shrs up 2 pct in after the bell trading
March 5 (Reuters) - Natural gas provider Clean Energy Fuels Corp (CLNE.O) reported a narrower-than-expected quarterly loss, helped by a rise in combined gas volume deliveries.
For the latest fourth quarter, the company reported a loss of 47 cents a share. Excluding items, Clean Energy posted a loss of 9 cents a share, while analysts on average were expecting a loss of 36 cents, according to Reuters Estimates.
The company said combined quarterly compressed natural gas and liquefied natural gas volumes were 18.7 million gasoline gallon equivalents (Gallons), compared with 18.2 million Gallons in the year-ago period.
Clean Energy also said it expects demand for natural gas as a vehicle fuel increasing. "There has never been greater interest in reducing greenhouse gasses, instituting low carbon and green legislation or in decreasing our dependence on foreign oil," the company said.
Shares of the company were up 2 percent at $4.77 in after the bell trading, after closing at $4.70 Thursday on Nasdaq. The stock is so far down 75 percent from its 52-week high of $19.95.
For the alerts, double click [ID:nWNAB1010] . (Reporting by Adveith Nair in Bangalore, Editing by Dinesh Nair)
