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Dec 31, 2024
Clearway Energy Q4 2024 Earnings Report
Clearway Energy reported a net loss of $48 million and adjusted EBITDA of $228 million for the fourth quarter of 2024.
Key Takeaways
Clearway Energy, Inc. exceeded its full year 2024 guidance with strong performance across all operating technologies. The company reported a net loss of $63 million and adjusted EBITDA of $1,146 million for the full year, and increased its quarterly dividend.
Committed to approximately $450 million in new long-term corporate capital investments for 2024.
Signed agreements to invest in 320 MW storage hybridization and 335 MW wind repowering projects.
Acquired a 137 MW wind project through a binding 3rd party M&A agreement.
Increased the quarterly dividend by 1.7% to $0.4312 per share for Q1 2025.
Clearway Energy
Clearway Energy
Clearway Energy Revenue by Segment
Revenue by Segment
Flexible Generation Revenue
CapyFin.comRenewables & Storage Revenue
CapyFin.comCorporate Revenue
CapyFin.com Forward Guidance
Clearway Energy, Inc. reaffirmed its 2025 full year CAFD guidance range of $400 million to $440 million, based on median renewable energy production estimates and committed growth investments.
Positive Outlook
- Reaffirming 2025 full year CAFD guidance range of $400 million to $440 million.
- Guidance based on median renewable energy production estimates for the full year.
- Guidance factors in completing committed growth investments on currently forecasted schedules.
- Expects Mt. Storm Repowering to contribute incremental asset CAFD of approximately $26-28 million annually beginning January 1, 2028.
- Expects Tuolumne Wind to contribute asset CAFD of approximately $9 million annually beginning January 1, 2026.
Challenges Ahead
- The guidance range reflects a potential distribution of outcomes on resource and performance in the fiscal year.
- Seasonal factors and weather variability can impact renewable energy resources throughout the year.
- Fluctuations in Net Income, Adjusted EBITDA, Cash from Operating Activities, and CAFD are driven by various factors.
- Debt service payments are made either quarterly or semi-annually, impacting cash flow.
- Timing of maintenance capital expenditures and the impact of unforced and forced outages can affect results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income