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Mar 31, 2020
Clearway Energy Q1 2020 Earnings Report
Reported first quarter 2020 financial results, maintaining safe operations during COVID-19, and reiterating 2020 financial guidance.
Key Takeaways
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.
Signed binding agreements to acquire and invest in a portfolio of renewable energy projects.
Maintaining safe and reliable operations through COVID-19 pandemic; Currently do not foresee any material impact to its financial condition.
Reiterating 2020 financial guidance.
Declared quarterly dividend of $0.21 per share in second quarter 2020.
Revenue by Segment
Forward Guidance
The Company is reaffirming its 2020 full year CAFD guidance of $310 million. This financial guidance assumes that all CAFD related to the projects impacted by the PG&E bankruptcy is realized in 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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