Clearway Energy(CWEN) ZACKS·2025-02-25 13:55Core 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 $256 million, falling short of the Zacks Consensus Estimate of $308 million by 16.9%, but showing an increase from $249 million in the year-ago quarter [2] Financial Performance - Adjusted EBITDA for the quarter reached $228 million, an increase from $201 million in the previous year [3] - Total operating costs and expenses for 2024 were $1.18 billion, up 12.3% from $1.05 billion in the prior year, leading to an operating income of $196 million compared to $263 million last year [4] - Interest expenses decreased to $307 million from $337 million in the year-ago quarter [4] Financial Position - As of December 31, 2024, cash and cash equivalents stood at $332 million, down from $535 million a year earlier [5] - Total liquidity decreased to $1.33 billion from $1.51 billion as of December 31, 2023 [5] - Long-term debt was reduced to $6.75 billion from $7.48 billion in the previous year [5] - Net cash provided by operating activities totaled $770 million, an increase from $702 million last year [5] Guidance - The company anticipates 2025 adjusted EBITDA to be between $1.195 billion and $1.235 billion [6] - Expected cash from operating activities for 2025 is projected to be in the range of $844 million to $884 million [6] - Clearway Energy reaffirmed its guidance for 2025 cash available for distribution (CAFD) between $400 million and $440 million [6]