Clearway Energy, Inc. (CWEN) Misses Q2 EPS by 28c, reaffirms guidance

Clearway Energy, Inc. (NYSE: CWEN) reported Q2 EPS of $0.43, $0.28 worse than the analyst estimate of $0.71. Revenue for the quarter came in at $366 million versus the consensus estimate of $424.59 million.

Financial Guidance

The Company is reaffirming its 2024 full year CAFD guidance of $395 million. The Company's 2024 financial guidance factors in the contribution of committed growth investments based on current expected closing timelines and estimates for merchant energy gross margin at the conventional fleet. 2024 CAFD guidance does not factor in the timing of when CAFD is realized from new growth investments pursuant to 5-year averages beyond 2024. Financial guidance is based on median renewable energy production estimates for the full year.

For earnings history and earnings-related data on Clearway Energy, Inc. (CWEN) click here.

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