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Jun 30, 2024
Clearway Energy Q2 2024 Earnings Report
Reported solid second quarter results, benefiting from diversified operating fleet and strategic growth investments.
Key Takeaways
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.
Signed agreement with Clearway Group to invest in 314 MW of solar plus storage projects.
Received offer from Clearway Group to invest in a 500 MW solar plus storage project.
Entered into new Resource Adequacy contract for Marsh Landing.
Reaffirming 2024 financial guidance and increasing the quarterly dividend by 1.7%.
Forward Guidance
The Company is reaffirming its 2024 full year CAFD guidance of $395 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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