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Jun 30, 2021
Clearway Energy Q2 2021 Earnings Report
Financial results for the second quarter of 2021 were reported.
Key Takeaways
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.
2Q21 results in-line with seasonal expectations
Committed investments with 2H21 COD targets remain on track for closing by year end
Maintaining 2021 CAFD guidance and pro forma CAFD outlook
Increasing the quarterly dividend by 1.7% to $0.3345 per share in the third quarter of 2021; On track to achieve the upper end of 5-8% annual growth target by year end
Revenue by Segment
Forward Guidance
The Company is reiterating its 2021 full year CAFD guidance of $325 million and maintaining its pro forma CAFD outlook expectations of approximately $395 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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