earnings
confidence high
sentiment positive
materiality 0.80
Clearway Energy FY2024 Adj EBITDA $1,146M, CAFD $425M; raises dividend 1.7%
Clearway Energy, Inc.
2024-FY EPS reported
$0.75
revenue$1,371,000,000
- FY2024 Net Loss $63M vs $14M loss in 2023; Adjusted EBITDA $1,146M vs $1,058M YoY.
- CAFD $425M vs $342M in 2023; reaffirms 2025 CAFD guidance $400-440M.
- Quarterly dividend raised 1.7% to $0.4312/share, payable March 17, 2025 to holders of record March 3.
- Growth investments committed in 2024: 320MW storage (Honeycomb, ~$78M), 335MW wind repowering (Mt. Storm, ~$220-230M), 137MW wind acquisition (Tuolumne, ~$70-75M).
- Reaffirms 2027 CAFD per share target $2.40-$2.60; expects midpoint or better.