Clearway Energy Q1 net loss $46M; Adj EBITDA $211M, CAFD $52M; dividend raised 1.7%

Clearway Energy, Inc.

Net loss of $46M vs loss $40M in Q1 2023; Adjusted EBITDA $211M down from $218M.
Cash available for distribution (CAFD) of $52M vs -$4M in prior year, driven by lower debt service and higher wind generation.
Acquired Cedar Creek wind (160 MW) for $117M; committed to Dan's Mountain (55 MW) for $44M and Rosamond South (257 MW) for ~$21M.
Entered resource adequacy contracts for Walnut Creek (97 MW) and Marsh Landing (90 MW) at improved CAFD terms.
Q2 dividend increased to $0.4102/share ($1.64 annualized); reaffirmed 2024 CAFD guidance of $395M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Clearway Energy, Inc. reported the quarter ended March 31, 2024 results: net income Net Loss of $(46) million. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Net income: Net Loss of $(46) million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported first quarter 2024 financial results, including Net Loss of $(46) million, Adjusted EBITDA of $211 million, Cash from Operating Activities of $81 million, and Cash Available for Distribution (CAFD) of $52 million.

View on SEC.gov

1427 earnings releases filed in the last 30 days. Browse all earnings releases →

Clearway Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001567683-24-000012

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.