NYSE$CWEN
Clearway Energy Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported first quarter 2022 financial results, sale of Thermal Business closed, and updated 2022 financial guidance.
Clearway Energy reported first quarter 2022 financial results, including a Net Loss of $(97) million, Adjusted EBITDA of $260 million, Cash from Operating Activities of $93 million, and Cash Available for Distribution (CAFD) of $(2) million. The company closed the sale of Clearway's Thermal Business on May 1st and is updating its 2022 financial guidance due to the closing of the Thermal transaction.
- Closed the sale of Clearway's Thermal Business on May 1st.
- Repaid all outstanding borrowings under the revolving credit facility and the Bridge Loan Agreement.
- Advanced previously committed growth through the initial funding of the Mililani solar project.
- Updating 2022 financial guidance due to the closing of the Thermal transaction.
Headline financials
Revenue & EPS history
Clearway Energy · Revenue · Quarterly
$214M
Revenue by segment
Clearway Energy · -$157M total across 2 segments · Q1 2022
- Corporate-$38M+33.3%24.2%
- Renewables & Storage-$119M-112.5%75.8%
Forward guidance
The Company is updating its 2022 full year CAFD guidance to $365 million. The Company's 2022 financial guidance factors in the contribution of committed growth investments based on current expected closing timelines and the closing of Thermal disposition on May 1, 2022. With the effects above, the timing of CAFD realization pursuant to 5-year averages, asset CAFD across all segments being materially in-line with current profiles, the Company is reiterating its pro forma CAFD outlook expectations of approximately $385 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+1.2%
Avg return
Earnings day
+1.3%
Avg return
5 days after
+2.7%
Avg return
30 days after
59%
30 / 51 earnings
Positive
+10.6%
Q4 2015
Best reaction
-9.7%
Q2 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.9% | -1.5% | +3.3% | |
| Q4 2025 | -2.3% | -4.1% | -2.5% | |
| Q3 2025 | +6.7% | +8.6% | +4.7% | |
| Q1 2025 | -1.3% | -2.3% | +4.9% | |
| Q4 2024 | +2.5% | +4.9% | +12.6% | |
| Q3 2024 | +10.4% | +9.7% | +14.7% | |
| Q2 2024 | +3.7% | +7.0% | +8.5% | |
| Q1 2024 | +8.7% | +10.3% | +8.2% | |
| Q4 2023 | -6.3% | -5.6% | -9.8% | |
| Q3 2023 | +3.4% | +2.5% | +14.1% | |
| Q2 2023 | +1.5% | +2.8% | -4.1% | |
| Q1 2023 | +1.7% | +2.2% | +0.1% | |
| Q4 2022 | -3.3% | -2.0% | -5.8% | |
| Q3 2022 | +0.8% | +0.0% | -0.5% | |
| Q2 2022 | +0.9% | -0.5% | -0.8% | |
| Q1 2022 | -3.8% | -2.8% | +6.6% | |
| Q4 2021 | -0.9% | +1.9% | +10.6% | |
| Q3 2021 | +5.6% | +3.4% | +3.9% | |
| Q2 2021 | +3.8% | +5.2% | +10.1% | |
| Q1 2021 | -3.6% | -8.4% | -4.2% | |
| Q4 2020 | +3.6% | -1.0% | +2.5% | |
| Q3 2020 | +3.7% | +6.6% | +5.2% | |
| Q2 2020 | +4.3% | +2.8% | -7.3% | |
| Q1 2020 | +5.9% | +5.8% | +15.5% | |
| Q4 2019 | -1.5% | -1.2% | -11.9% | |
| Q3 2019 | +2.7% | +3.5% | +1.6% | |
| Q2 2019 | -4.4% | -1.4% | +1.0% | |
| Q1 2019 | -0.3% | +0.2% | +3.2% | |
| Q4 2018 | -2.2% | -0.3% | +1.9% | |
| Q3 2018 | +0.0% | +0.5% | -7.7% | |
| Q2 2018 | -0.8% | +0.8% | +7.6% | |
| Q1 2018 | +3.4% | -0.6% | -3.1% | |
| Q4 2017 | +4.8% | +4.5% | +8.6% | |
| Q3 2017 | +4.3% | +5.9% | +3.5% | |
| Q2 2017 | +3.6% | +0.5% | +2.5% | |
| Q1 2017 | -2.3% | -0.9% | +4.3% | |
| Q4 2016 | -2.3% | -2.6% | +0.3% | |
| Q3 2016 | +6.3% | -3.7% | -1.0% | |
| Q2 2016 | -3.8% | -1.2% | +2.5% | |
| Q1 2016 | -0.5% | — | — | |
| Q4 2015 | +10.6% | — | — | |
| Q3 2015 | +6.0% | — | — | |
| Q2 2015 | -9.7% | — | — | |
| Q1 2015 | +0.5% | — | — | |
| Q4 2014 | -4.3% | — | — | |
| Q3 2014 | +0.9% | — | — | |
| Q2 2014 | +1.2% | — | — | |
| Q1 2014 | +2.0% | — | — | |
| Q4 2013 | +0.7% | — | — | |
| Q3 2013 | +2.5% | — | — | |
| Q2 2013 | -0.6% | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro