NYSE$CWEN

Clearway Energy Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Financial results for the second quarter of 2021 were reported.

Clearway Energy, Inc. reported second quarter 2021 financial results, including Net Income of $32 million, Adjusted EBITDA of $365 million, Cash from Operating Activities of $194 million, and Cash Available for Distribution (CAFD) of $155 million. The company is maintaining its 2021 CAFD guidance and pro forma CAFD outlook.

  • 2Q21 results in-line with seasonal expectations
  • Committed investments with 2H21 COD targets remain on track for closing by year end
  • Maintaining 2021 CAFD guidance and pro forma CAFD outlook
  • Increasing the quarterly dividend by 1.7% to $0.3345 per share in the third quarter of 2021; On track to achieve the upper end of 5-8% annual growth target by year end

Headline financials

Total Revenue

$380M

Previous: $329M+15.5%
EPS (adj)

$0.30

Previous: $0.09+233.3%
Capital Expenditures

-$93M

Previous: -$83M-12.0%
Free Cash Flow

-$58M

Previous: -$36M-61.1%
Net Income

$35M

Previous: $47M-25.5%
Operating Income

$133M

Previous: $130M+2.3%
Gross Profit

$273M

Previous: $242M+12.8%
Cash & Equivalents

$138M

Previous: $175M-21.1%
Total Assets

$11.9B

Previous: $9.74B+22.0%

Revenue & EPS history

Clearway Energy · Revenue · Quarterly

$380M

Q2 2021+15.5%vs Q2 2020
Beat estimate in 3 of 7 quarters(43%)
ActualEstimate

Revenue by segment

Clearway Energy · $27M total across 1 segment · Q2 2021

  • Renewables & Storage
    $27M-50.0%

Forward guidance

The Company is reiterating its 2021 full year CAFD guidance of $325 million and maintaining its pro forma CAFD outlook expectations of approximately $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 Q2 2021

Historical avgQ2 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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