Loading...
•
Sep 30, 2024
Clearway Energy Q3 2024 Earnings Report
Clearway Energy reported third quarter 2024 financial results.
Key Takeaways
Clearway Energy, Inc. reported a net income of $27 million, an adjusted EBITDA of $354 million, cash from operating activities of $301 million, and cash available for distribution (CAFD) of $146 million for the third quarter of 2024. The company is reaffirming its 2024 full year CAFD guidance of $395 million and initiating a 2025 full year CAFD guidance at a $420 million midpoint.
Signed agreement with Clearway Group to commit to invest in a 500 MW solar plus storage project.
Received offer from Clearway Group to invest in a 320 MW storage hybridization project.
Reaffirming 2024 financial guidance and initiating 2025 financial guidance.
Increasing the quarterly dividend by 1.7% to $0.4240 per share in the fourth quarter of 2024, or $1.6960 per share annualized.
Revenue by Segment
Forward Guidance
The Company is reaffirming its 2024 full year CAFD guidance of $395 million. The Company is initiating a 2025 full year CAFD guidance at a $420 million midpoint and a range of $400 million to $440 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...