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Dec 31, 2020
Clearway Energy Q4 2020 Earnings Report
Reported fourth quarter 2020 financial results.
Key Takeaways
Clearway Energy, Inc. reported a Net Loss of $73 million, Adjusted EBITDA of $229 million, Cash from Operating Activities of $104 million, and Cash Available for Distribution (CAFD) of $30 million for Q4 2020.
Closed on or committed to invest $880 million in new growth investments during 2020.
Executed on $1.4 billion in capital formation through project level debt optimization, new corporate level financing, and the recycling of non-strategic assets.
Signed third party acquisition agreement in February 2021 for the 264 MW Mt. Storm wind project.
Increased quarterly dividend by 1.9% to $0.324 per share in the first quarter of 2021; Reiterating Clearway’s long term annual dividend growth target of 5-8%, with upper end in 2021
Revenue by Segment
Forward Guidance
The Company is reiterating its 2021 full year CAFD guidance of $325 million and updating its Pro Forma CAFD Outlook expectations to approximately $385 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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