Clearway Energy (CWEN) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this company created by NRG Energy to acquire and operate natural gas, solar and wind plants would post earnings of $0.55 per share when it actually produced earnings of $0 ...

▪ 4Q23 Financial Highlights Conventional: Strong availability Wind: Lower resource partially offset by timing of maintenance cap ex and other items Solar: Lower resource ▪ Continue to Maintain Balance Sheet Flexibility − No external capital needed to meet DPS growth objectives through 2026 given Thermal proceeds − Nearly 99% of consolidated long-term debt interest cost fixed with earliest corporate maturity in 2028 − Pro Forma credit metrics remain in-line with target ratings ▪ 2024 CAFD Guidance Factors In ...

Committed to approximately $215 million of new long-term corporate capital investments in 2023Signed contracts in last twelve months ensuring that 42% of the Resource Adequacy for Marsh Landing, Walnut Creek and El Segundo is contracted in 2027, with nearly 100% contracted through 2026Reaffirming 2024 financial guidanceIncreased the quarterly dividend by 1.7% to $0.4033 per share in the first quarter of 2024, or $1.61 per share annualizedContinue to target annual dividend per share growth in the upper range ...

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from to . Commission File Number: 001-36002 TABLE OF CONTENTS Index GLOSSARY OF TERMS 3 PART I 6 Item 1 — Business 6 Item 1A — Risk Factors 14 Item 1B — Unresolved Staff Comments 36 Item 1C — Cybersecurity 37 Item 2 — Properties 39 Item 3 — Legal Proceedings 42 It ...

• Committed to approximately $215 million of new long-term corporate capital investments in 2023 • Signed contracts in last twelve months ensuring that 42% of the Resource Adequacy for Marsh Landing, Walnut Creek and El Segundo is contracted in 2027, with nearly 100% contracted through 2026 • Reaffirming 2024 financial guidance • Increased the quarterly dividend by 1.7% to $0.4033 per share in the first quarter of 2024, or $1.61 per share annualized • Continue to target annual dividend per share growth in t ...

This past week brought more good news for the Democratic Party. Suburban voters in New York state’s 3rd District successfully flipped the Congressional seat previously occupied by expelled former Republican Representative George Santos. Democratic candidate Tom Suozzi enjoyed an impressive almost 8-point victory, defeating GOP challenger Mazi Pilip, receiving just under 54% of the vote. Meanwhile, in Pennsylvania, Democrats maintained their hold on the state’s House of Representatives. School board member J ...

PRINCETON, N.J., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE:CWEN, CWEN.A))) today announced that on February 14, 2024, its Board of Directors declared a quarterly dividend on each of the Company's Class A and Class C common stock of $0.4033 per share payable on March 15, 2024, to shareholders of record as of March 1, 2024. This quarterly dividend represents $1.6132 per share on an annualized basis, an increase of 1.7% over the fourth quarter 2023 dividend of $0.3964 per share, or $1.5856 ...

PRINCETOWN, N.J., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE:CWEN, CWEN.A))) plans to report Fourth Quarter 2023 financial results on Thursday, February 22, 2024. Management will present the results during a conference call and webcast at 8:00 a.m. Eastern. A live webcast of the conference call, including presentation materials, can be accessed through the Company's website at http://www.clearwayenergy.com and clicking on "Presentations & Webcasts" under the Investor Relations section. Th ...

Financial Data and Key Metrics Changes - The company reported a CAFD of $156 million and adjusted EBITDA of $323 million for Q3 2023, with a full-year CAFD guidance range of $330 million to $360 million, expected to fall at the lower end of this range [28][47] - The 2024 full-year CAFD guidance is set at $395 million, reflecting onetime maintenance costs and related outages [73][48] - The company anticipates a decrease in CAFD due to various factors, including increased insurance costs and inflation, leading to a reduction of $10 million from previous estimates [25][84] Business Line Data and Key Metrics Changes - The conventional energy gross margin was approximately $11 million lower due to milder temperatures in California, impacting overall performance [28] - The company has secured contracts for approximately 1.5 years at strong pricing, which is expected to drive growth in 2027 and beyond [26][40] Market Data and Key Metrics Changes - The company has approximately 100% of its capacity contracted through 2025, 87% contracted through 2026, and 42% contracted in 2027 [45] - The renewable assets continue to produce electricity at competitive prices compared to other forms of generation, despite market volatility [20][21] Company Strategy and Development Direction - The company emphasizes the importance of a straightforward capital structure with no complex financing, ensuring no need for external capital to meet dividend growth objectives through 2026 [42][35] - The company is focused on maintaining strong sponsor relationships and optimizing capital deployment to ensure a steady supply of dropdown assets [17][39] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges posed by increased interest rates but remains confident in the long-term growth of renewable assets in the U.S. [20][34] - The company is committed to maintaining its CAFD per share guidance of $2.15 through 2026, despite current market conditions [69][51] Other Important Information - The company has a strong balance sheet with 99% of consolidated long-term debt at fixed interest rates, insulating it from current interest rate volatility [29][42] - The company has been awarded an additional 1.5 years of contracted RA value, providing a strong foundation for growth in 2027 and beyond [16][19] Q&A Session Summary Question: What led to the reduction in the 2024 guidance? - Management clarified that the reduction is primarily due to timing issues related to growth investments, not a change in overall expectations for 2024 [2][3] Question: Should we expect large drop-down announcements soon? - Management expressed doubt about large announcements in the near term, citing market conditions and the focus on getting existing projects operational [6][14] Question: How does the company view organic growth opportunities? - Management indicated that while there are opportunities for repowering and expansions, significant organic growth is not expected in the immediate future [90][89] Question: What is the outlook for refinancing project-level debt? - Management is optimistic about refinancing, noting that upcoming large project refinancings are backed by long-term PPAs [128][127] Question: How does the company model expectations for P50 generation? - Management stated that they typically seek a higher return on wind assets due to their inherent volatility and have not changed their modeling approach despite recent performance [130][131]

Forward-looking statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The foregoing review of factors that could cause the Company's actual results to differ materially from those contemplated in any forward-looking statements included in this Quarterly Report on Form 10-Q should not be construed as exhaustive. 3 GLOSSARY OF TERMS | --- | -- ...