NYSE$CWEN
Clearway Energy Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported solid first quarter results, highlighting the benefits of the fleet's geographic and technological diversification and reaffirmed 2024 financial guidance.
Clearway Energy, Inc. reported first quarter 2024 financial results, including a 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. The company reaffirmed its 2024 full year CAFD guidance of $395 million and increased the quarterly dividend by 1.7% to $0.4102 per share in the second quarter of 2024.
- Signed agreements with Clearway Group to commit to invest in 55 MW of wind and 257 MW of solar plus storage projects.
- Entered into new Resource Adequacy Contracts for Marsh Landing and Walnut Creek.
- Reaffirming 2024 financial guidance.
- Increasing the quarterly dividend by 1.7% to $0.4102 per share in the second quarter of 2024, or $1.64 per share annualized.
Headline financials
Revenue & EPS history
Clearway Energy · Revenue · Quarterly
$263M
Revenue by segment
Clearway Energy · $62M total across 1 segment · Q3 2023
- Renewables & Storage$62M—100.0%
Forward guidance
The Company is reaffirming its 2024 full year CAFD guidance of $395 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 2024
+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 | — | — | — |
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