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Mar 31, 2024
Clearway Energy Q1 2024 Earnings Report
Reported solid first quarter results, highlighting the benefits of the fleet's geographic and technological diversification and reaffirmed 2024 financial guidance.
Key Takeaways
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.
Signed agreements with Clearway Group to commit to invest in 55 MW of wind and 257 MW of solar plus storage projects.
Entered into new Resource Adequacy Contracts for Marsh Landing and Walnut Creek.
Reaffirming 2024 financial guidance.
Increasing the quarterly dividend by 1.7% to $0.4102 per share in the second quarter of 2024, or $1.64 per share annualized.
Clearway Energy
Clearway Energy
Forward Guidance
The Company is reaffirming its 2024 full year CAFD guidance of $395 million.