Clearway Energy Inc. CWEN recorded fourth-quarter 2024 earnings of 3 cents per share, which missed the Zacks Consensus Estimate of 13 cents by 76.9%. In the year-ago quarter, the company reported earnings of 32 cents per share.

Find the latest EPS estimates and surprises on Zacks Earnings Calendar.

CWEN’s Revenues

Total revenues of $256 million missed the Zacks Consensus Estimate of $308 million by 16.9%. In the year-ago quarter, the company reported revenues of $249 million.

Full-year 2024 revenues totaled $1.37 billion compared with $1.31 billion last year.

Highlights of CWEN’s Earnings Release

Adjusted EBITDA for the quarter totaled $228 million compared with $201 million in the year-ago period.

The company signed agreements with Clearway Group to commit to invest in 320-megawatt (MW) storage hybridization portfolio and 335 MW wind repowering. It also signed a binding third-party M&A agreement to acquire a 137 MW wind project.

Total operating costs and expenses for 2024 were $1.18 billion, up 12.3% from the year-ago figure of $1.05 billion. This was due to higher operational costs, as well as higher depreciation, amortization and accretion costs.

The operating income for the year totaled $196 million compared with last year’s $263 million.

CWEN incurred interest expenses of $307 million compared with $337 million in the year-ago quarter.

CWEN’s Financial Position

Clearway Energy had cash and cash equivalents of $332 million as of Dec. 31, 2024, compared with $535 million as of Dec. 31, 2023.

Total liquidity as of Dec. 31, 2024, was $1.33 billion compared with $1.51 billion recorded as of Dec. 31, 2023.

Long-term debt as of Dec. 31, 2024, amounted to $6.75 billion compared with $7.48 billion as of Dec. 31, 2023.

Net cash provided by operating activities in 2024 totaled $770 million compared with $702 million last year.

CWEN’s Guidance

The company expects 2025 adjusted EBITDA to be in the range of $1.195-$1.235 billion.

Cash from Operating Activities is expected to be in the range of $844-$884 million for the year.

Clearway Energy reaffirmed its guidance for 2025 cash available for distribution (CAFD) in the range of $400-$440 million.

CWEN’s Zacks Rank

CWEN currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Recent Releases

Constellation Energy Corporation CEG reported fourth-quarter 2024 earnings of $2.44 per share, which surpassed the Zacks Consensus Estimate of $2.19 by 11.4%.

CEG’s long-term (three to five years) earnings growth rate is 12.43%. The Zacks Consensus Estimate for 2025 EPS is pinned at $9.31, indicating a year-over-year increase of 7.4%.

Energy Transfer ET reported fourth-quarter 2024 adjusted earnings of 29 cents per unit, which missed the Zacks Consensus Estimate of 36 cents by 19.4%.

ET’s long-term earnings growth rate is 21.4%. The Zacks Consensus Estimate for 2025 sales is pinned at $96.89 billion, implying a year-over-year increase of 17.2%.

Murphy Oil Corporation MUR delivered fourth-quarter 2024 adjusted net earnings of 35 cents per share, which lagged the Zacks Consensus Estimate of 56 cents by 37.5%.

The Zacks Consensus Estimate for 2025 sales is pinned at $2.97 billion while that for earnings is pegged at $2.94 per share.

 

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