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Clearway Energy Q4 Earnings Lag Estimates, Revenues Rise Y/Y
CWENClearway Energy(CWEN) ZACKS·2025-02-25 13:55

Core Insights - Clearway Energy Inc. (CWEN) reported fourth-quarter 2024 earnings of 3 cents per share, significantly missing the Zacks Consensus Estimate of 13 cents by 76.9% and down from 32 cents per share in the same quarter last year [1] - Total revenues for the quarter were 256million,fallingshortoftheZacksConsensusEstimateof256 million, falling short of the Zacks Consensus Estimate of 308 million by 16.9%, but showing an increase from 249millionintheyear−agoquarter[2]FinancialPerformance−AdjustedEBITDAforthequarterreached249 million in the year-ago quarter [2] Financial Performance - Adjusted EBITDA for the quarter reached 228 million, an increase from 201millioninthepreviousyear[3]−Totaloperatingcostsandexpensesfor2024were201 million in the previous year [3] - Total operating costs and expenses for 2024 were 1.18 billion, up 12.3% from 1.05billionintheprioryear,leadingtoanoperatingincomeof1.05 billion in the prior year, leading to an operating income of 196 million compared to 263millionlastyear[4]−Interestexpensesdecreasedto263 million last year [4] - Interest expenses decreased to 307 million from 337millionintheyear−agoquarter[4]FinancialPosition−AsofDecember31,2024,cashandcashequivalentsstoodat337 million in the year-ago quarter [4] Financial Position - As of December 31, 2024, cash and cash equivalents stood at 332 million, down from 535millionayearearlier[5]−Totalliquiditydecreasedto535 million a year earlier [5] - Total liquidity decreased to 1.33 billion from 1.51billionasofDecember31,2023[5]−Long−termdebtwasreducedto1.51 billion as of December 31, 2023 [5] - Long-term debt was reduced to 6.75 billion from 7.48billioninthepreviousyear[5]−Netcashprovidedbyoperatingactivitiestotaled7.48 billion in the previous year [5] - Net cash provided by operating activities totaled 770 million, an increase from 702millionlastyear[5]Guidance−Thecompanyanticipates2025adjustedEBITDAtobebetween702 million last year [5] Guidance - The company anticipates 2025 adjusted EBITDA to be between 1.195 billion and 1.235billion[6]−Expectedcashfromoperatingactivitiesfor2025isprojectedtobeintherangeof1.235 billion [6] - Expected cash from operating activities for 2025 is projected to be in the range of 844 million to 884million[6]−ClearwayEnergyreaffirmeditsguidancefor2025cashavailablefordistribution(CAFD)between884 million [6] - Clearway Energy reaffirmed its guidance for 2025 cash available for distribution (CAFD) between 400 million and $440 million [6]