Clearway Energy Earnings Reports

Clearway Energy demonstrated strong progress in the first half of 2025, advancing both near-term and long-term growth goals through multiple pathways. The company increased the bottom-end of its 2025 guidance range due to contributions from recently closed acquisitions and maintained committed growth investments on schedule. Strategic moves included a new drop-down offer for a contracted storage portfolio and the acquisition of the Catalina Solar project, reinforcing future growth and leading to an increase in the 2027 CAFD per share target range.

Clearway Energy reported a net loss of $104 million in Q1 2025, an increase from the previous year, primarily due to higher interest expense. However, Adjusted EBITDA and CAFD saw increases, driven by contributions from growth investments. The company remains on track to meet its full-year financial guidance and is pursuing growth through fleet enhancements, repowerings, sponsor-offered dropdowns, and asset-centered M&A.

Clearway Energy, Inc. exceeded its full year 2024 guidance with strong performance across all operating technologies. The company reported a net loss of $63 million and adjusted EBITDA of $1,146 million for the full year, and increased its quarterly dividend.

Clearway Energy, Inc. reported a net income of $27 million, an adjusted EBITDA of $354 million, cash from operating activities of $301 million, and cash available for distribution (CAFD) of $146 million for the third quarter of 2024. The company is reaffirming its 2024 full year CAFD guidance of $395 million and initiating a 2025 full year CAFD guidance at a $420 million midpoint.

Clearway Energy, Inc. reported second quarter 2024 financial results, including Net Income of $4 million, Adjusted EBITDA of $353 million, Cash from Operating Activities of $196 million, and Cash Available for Distribution (CAFD) of $187 million. The company reaffirmed its 2024 full year CAFD guidance of $395 million and increased the quarterly dividend by 1.7% to $0.4171 per share.

Clearway Energy, Inc. reported first quarter 2024 financial results, including a Net Loss of $(46) million, Adjusted EBITDA of $211 million, Cash from Operating Activities of $81 million, and Cash Available for Distribution (CAFD) of $52 million. The company reaffirmed its 2024 full year CAFD guidance of $395 million and increased the quarterly dividend by 1.7% to $0.4102 per share in the second quarter of 2024.

Clearway Energy, Inc. reported a Net Loss of $73 million, Adjusted EBITDA of $201 million, Cash from Operating Activities of $206 million, and CAFD of $53 million for the fourth quarter of 2023. The company is reaffirming its 2024 full year CAFD guidance of $395 million.

Clearway Energy, Inc. reported Net Income of $15 million, Adjusted EBITDA of $323 million, Cash from Operating Activities of $287 million, and Cash Available for Distribution (CAFD) of $156 million for the third quarter of 2023. The company is reiterating its 2023 full year CAFD guidance range of $330 million to $360 million and initiating 2024 full year CAFD guidance of $395 million.

Clearway Energy, Inc. reported Net Income of $84 million, Adjusted EBITDA of $316 million, Cash from Operating Activities of $134 million, and Cash Available for Distribution (CAFD) of $137 million. The company is lowering its 2023 financial guidance due to weaker renewable resource production in the first and second quarters.

Clearway Energy, Inc. reported first quarter 2023 financial results including a Net Loss of $(40) million, Adjusted EBITDA of $218 million, Cash from Operating Activities of $75 million, and Cash Available for Distribution (CAFD) of $(4) million. The company reaffirmed its 2023 financial guidance and pro forma CAFD outlook.

Clearway Energy, Inc. reported a Net Loss of $54 million, Adjusted EBITDA of $212 million, Cash from Operating Activities of $180 million, and CAFD of $(2) million for Q4 2022. The company reaffirmed its 2023 full year CAFD guidance of $410 million and updated its pro forma CAFD outlook expectations from approximately $390 million to approximately $410 million.

Clearway Energy, Inc. reported Net Income of $62 million, Adjusted EBITDA of $322 million, Cash from Operating Activities of $328 million, and Cash Available for Distribution (CAFD) of $154 million for the third quarter of 2022. While net income and operating cash flow increased, adjusted EBITDA and CAFD decreased due to forced outages at the Conventional segment and the Thermal Business disposition, offset partially by growth investments.

Clearway Energy, Inc. reported a net income of $1,149 million, Adjusted EBITDA of $366 million, cash from operating activities of $186 million, and CAFD of $176 million for the second quarter of 2022. The company reaffirmed its 2022 full year CAFD guidance of $365 million and is increasing its pro forma CAFD outlook expectations to approximately $400 million.

Clearway Energy reported first quarter 2022 financial results, including a Net Loss of $(97) million, Adjusted EBITDA of $260 million, Cash from Operating Activities of $93 million, and Cash Available for Distribution (CAFD) of $(2) million. The company closed the sale of Clearway's Thermal Business on May 1st and is updating its 2022 financial guidance due to the closing of the Thermal transaction.

Clearway Energy, Inc. reported full year 2021 financial results, including a Net Loss of $(75) million, Adjusted EBITDA of $1,150 million, Cash from Operating Activities of $701 million, and Cash Available for Distribution (CAFD) of $336 million. The company closed on growth investments and optimized the balance sheet through new corporate bonds.

Clearway Energy, Inc. reported Net Income of $25 million, Adjusted EBITDA of $337 million, Cash from Operating Activities of $288 million, and Cash Available for Distribution (CAFD) of $161 million for the third quarter of 2021. The company is reaffirming its 2021 financial guidance and initiating 2022 financial guidance, while also increasing the quarterly dividend by 1.6% to $0.34 per share in the fourth quarter of 2021.

Clearway Energy, Inc. reported second quarter 2021 financial results, including Net Income of $32 million, Adjusted EBITDA of $365 million, Cash from Operating Activities of $194 million, and Cash Available for Distribution (CAFD) of $155 million. The company is maintaining its 2021 CAFD guidance and pro forma CAFD outlook.

Clearway Energy reported a Net Loss of $76 million, Adjusted EBITDA of $198 million, Cash from Operating Activities of $47 million, and Cash Available for Distribution (CAFD) of $(15) million for the first quarter of 2021. The company also raised $925 million of corporate capital and closed the acquisition of the 264 MW Mt. Storm wind project.

Clearway Energy, Inc. reported a Net Loss of $73 million, Adjusted EBITDA of $229 million, Cash from Operating Activities of $104 million, and Cash Available for Distribution (CAFD) of $30 million for Q4 2020.

Clearway Energy, Inc. reported Net Income of $42 million, Adjusted EBITDA of $312 million, Cash from Operating Activities of $257 million, and Cash Available for Distribution (CAFD) of $171 million for the third quarter of 2020. The company reaffirmed its 2020 full year CAFD guidance of $310 million and initiated 2021 CAFD guidance of $325 million.

Clearway Energy reported a strong second quarter with a net income of $76 million. The company benefited from the emergence of PG&E from bankruptcy, which unlocked trapped cash and enabled a dividend increase. Adjusted EBITDA was $316 million, and CAFD reached $86 million.

Clearway Energy, Inc. reported a Net Loss of $107 million, Adjusted EBITDA of $225 million, Cash from Operating Activities of $84 million, and Cash Available for Distribution (CAFD) of $8 million for the first quarter of 2020. The company is maintaining safe and reliable operations through the COVID-19 pandemic and does not foresee any material impact to its financial condition.

Clearway Energy, Inc. reported a Net Loss of $48 million, Adjusted EBITDA of $194 million, Cash from Operating Activities of $103 million, and CAFD of $22 million for Q4 2019. The company also increased its 2020 full year CAFD guidance to $310 million.