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Sep 30, 2023
Clearway Energy Q3 2023 Earnings Report
Reported third quarter 2023 financial results, with in-line Adjusted EBITDA and CAFD compared to the previous year, and reiterated 2023 full year guidance while initiating 2024 financial guidance.
Key Takeaways
Clearway Energy, Inc. reported Net Income of $15 million, Adjusted EBITDA of $323 million, Cash from Operating Activities of $287 million, and Cash Available for Distribution (CAFD) of $156 million for the third quarter of 2023. The company is reiterating its 2023 full year CAFD guidance range of $330 million to $360 million and initiating 2024 full year CAFD guidance of $395 million.
Signed agreement with Clearway Group to commit to invest in the 452 MW Texas Solar Nova solar projects.
Received enhanced offer from Clearway Group to invest in Dan's Mountain Wind.
Received offer from Clearway Group to invest in 572 MW of solar plus storage projects.
Reiterating 2023 financial guidance range and initiating 2024 financial guidance.
Revenue by Segment
Forward Guidance
The Company is reiterating its 2023 full year CAFD guidance range of $330 million to $360 million. The Company is initiating 2024 full year CAFD guidance of $395 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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