Clearway Energy Q4 Earnings Lag Estimates, Revenues Rise Y/Y

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 RevenuesTotal 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. Clearway Energy, Inc. Price, Consensus and EPS Surprise Clearway Energy, Inc. price-consensus-eps-surprise-chart | Clearway Energy, Inc. QuoteHighlights of CWEN’s Earnings ReleaseAdjusted 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 PositionClearway 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 GuidanceThe 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 RankCWEN currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.Recent ReleasesConstellation 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. Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Constellation Energy Corporation (CEG): Free Stock Analysis Report Murphy Oil Corporation (MUR): Free Stock Analysis Report Energy Transfer LP (ET): Free Stock Analysis Report Clearway Energy, Inc. (CWEN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks