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Mar 31, 2021
Clearway Energy Q1 2021 Earnings Report
Clearway Energy reported first quarter 2021 financial results, noting a net loss, adjusted EBITDA, cash from operating activities, and cash available for distribution.
Key Takeaways
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.
Raised $925 million of corporate capital through the issuance of the 2031 "Green Bond" Senior Notes.
Closed the acquisition of the 264 MW Mt. Storm wind project.
Executed a multi-year, 100 MW Resource Adequacy agreement at Marsh Landing.
Increased the quarterly dividend by 1.5% to $0.329 per share in the second quarter of 2021.
Revenue by Segment
Forward Guidance
The Company is reiterating its 2021 full year CAFD guidance of $325 million and updating its pro forma CAFD outlook expectations to approximately $395 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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