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Clean Energy Reports Revenues Rose 26% During The Second Quarter Of 2013

The table below shows Adjusted EBITDA and also reconciles these figures to the GAAP measure net loss attributable to Clean Energy Fuels Corp.:

  Three Months Ended June 30,   Six Months Ended June 30,
(in 000s)   2012       2013     2012       2013  
Net Loss Attributable to Clean Energy Fuels Corp. $ (11,294 ) $ (11,943 ) $ (43,199 ) $ (15,814 )
Income Tax Expense 172 293 418 2,098
Interest Expense, Net 3,321 6,282 7,023 11,353
Depreciation and Amortization 8,907 10,777 17,051 20,935
Foreign Currency Loss on IMW Purchase Notes 452 249 50 441
Stock Based Compensation, Net of Tax Benefits 5,768 5,451 10,448 11,663
Mark-to-Market (Gain) Loss on Series I Warrants   (8,899 )   39     4,607     505  
Adjusted EBITDA $ (1,573 ) $ 11,148 $ (3,602 ) $ 31,181

Gallons Delivered

The Company defines “gallons delivered” as its compressed natural gas (CNG), liquefied natural gas (LNG), renewable natural gas (RNG) and the gallons associated with providing operations and maintenance services delivered to its customers during the period.

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