Clearway Energy, Inc. Reports Full Year 2023 Financial Results • 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 annual ...

公司财务表现 - 2023年全年净亏损为1,400万美元，调整后的EBITDA为10.58亿美元，经营活动现金流为7.02亿美元，可分配现金为3.42亿美元[1] - 2023年公司签署了新的资源充足性合同，确保到2027年Marsh Landing、Walnut Creek和El Segundo的42%资源充足性已经签约，到2026年几乎100%签约[1] - 2024年第一季度每股股利增长1.7%，达到0.4033美元，年化为1.61美元，并计划通过2026年将每股股利年增长率定在5%至8%的上限范围内[1] - 2023年公司承诺了约2.15亿美元的新长期企业资本投资，以及签署了新的资源充足性合同，展望长期增长[2] - 2023年公司的可再生能源发电量在第四季度比去年同期增长3%，主要得益于增长投资的贡献[6] 财务指标 - 2024年全年CAFD指引为3.95亿美元，考虑到当前预期的收购时间表和传统能源部门的商业能源毛利[15] - 2023年公司的总流动性为15.05亿美元，较2022年同期增加了1.39亿美元，主要是由于重新融资提高了循环信贷额度和增长投资的限制性现金[8] - EBITDA和调整后的EBITDA是公司非GAAP财务指标[31] - 调整后的EBITDA是公司运营绩效的补充指标[34] - 公司认为调整后的EBITDA对于评估运营绩效很有用[35] - 调整后的EBITDA被广泛用于比较公司的运营绩效[36] - 公司认为投资者通常会调整EBITDA信息以消除重组和其他费用的影响[37] - 公司管理团队使用调整后的EBITDA作为衡量运营绩效的指标[38] - 现金可供分配是一个非GAAP指标，包括调整后的EBITDA以及来自未纳入联营公司的现金分配/投资回报等[39] - CAFD对投资者评估公司运营绩效有用，管理团队也用于确定未来收购和管理增长[40] - CAFD作为分析工具有局限性，不包括运营资产和负债的变化，也不考虑其他现金流项目的影响[41] 公司财务状况 - 2023年度Clearway Energy, Inc.的总营收为13.14亿美元，较2022年的11.9亿美元和2021年的12.86亿美元有所增长[21] - 2023年Clearway Energy, Inc.的净收入为7.9亿美元，较2022年的5.82亿美元和2021年的5.1亿美元有所增长[21] - Clearway Energy, Inc.的现金及现金等价物在2023年末为10.51亿美元，较2022年末的9.96亿美元和2021年末的6.54亿美元有所增长[24] - Clearway Energy, Inc.的股东权益在2023年末为49.94亿美元，较2022年末的40.26亿美元有所增长[23] - Clearway Energy, Inc.在2023年度的综合收入为7.7亿美元，较2022年的5.93亿美元和2021年的5.9亿美元有所增长[22] - 2023年第四季度，公司调整后的EBITDA为201百万美元[26] - 2023年全年，公司调整后的EBITDA为1,058百万美元[27] - 2023年全年，公司现金可分配为395百万美元[28] - 2023年全年，公司现金、现金等价物和受限现金总额增加了55百万美元[29] - 2024年全年，公司预计调整后的EBITDA为1,175百万美元[30]

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 ...

财务数据和关键指标变化 - 2023年第三季度CAFD为1.56亿美元,2023年全年CAFD指引维持在3.3亿美元至3.5亿美元区间 [35][36] - 2024年CAFD指引为3.95亿美元,主要受到一次性维护成本和新增投资项目的影响 [41][42][43][44][45][46] - 公司维持了2.15美元的CAFD/股长期目标 [29][30] 各条业务线数据和关键指标变化 - 常规能源业务毛利较预期低1100万美元,主要由于加州天气较温和 [37][38] - 太阳能发电量也低于预期,导致第三季度CAFD受到一定影响 [38] 各个市场数据和关键指标变化 - 公司在加州的天然气资产获得了约1.5年的新增RA合同,价格较之前有所提升 [31][32] - 2027年以后的RA合同价格有望进一步提升,有望实现公司5%-8%的长期CAFD/股增长目标 [31][32][49][50] 公司战略和发展方向及行业竞争 - 公司保持了简单的资本结构,不需要外部资本即可实现2026年的派息目标 [22][23][24] - 母公司Clearway Energy Group拥有大规模29GW的开发项目管线,为公司提供了持续的资产投放 [15][16][17] - 尽管资本市场波动,但可再生能源行业的长期需求和成本优势仍然存在 [18][19][20][21] 管理层对经营环境和未来前景的评论 - 公司对2027年及以后的CAFD/股增长目标保持谨慎,需要进一步观察RA合同价格走势和资本市场环境 [49][50] - 公司认为在当前波动的资本市场环境下,需要更加谨慎地安排未来的资产收购和投资时机 [49][50] 问答环节重要的提问和回答 问题1 **Julien Dumoulin-Smith 提问** 公司对2027年及以后的CAFD/股增长目标的具体考虑因素是什么? [53][54][55] **Chris Sotos 回答** 公司需要进一步观察2027年RA合同价格走势和资本市场环境,以确定2027年及以后的CAFD/股增长目标 [54][55][56][57] 问题2 **Mark Jarvi 提问** 公司未来如何考虑资本结构和融资计划,是否会考虑使用ATM等方式筹集外部资本? [75][76][77][78][79] **Chris Sotos 回答** 公司未来可能会更多利用银行贷款等方式临时持有资产,待市场环境稳定后再进行长期融资,但不会大幅偏离之前的长期融资策略 [79][80] 问题3 **Noah Kaye 提问** 公司项目层面的债务到期情况如何,是否存在较大的再融资风险? [93][94][95][96][97] **Chris Sotos 回答** 公司主要项目的再融资风险较小,未来2-3年内到期的项目债务规模较小,不会对CAFD产生重大影响 [94][95][96][97]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-36002 Clearway Energy, Inc. (Exact name of registrant as specified in its charter) Delaware 46-1777204 (State or other jurisdiction (I.R.S. Employer of incorporation or or ...

Clearway Energy, Inc. (NYSE:CWEN) Q2 2023 Earnings Conference Call August 8, 2023 8:00 AM ET Company Participants Chris Sotos - President and Chief Executive Officer Sarah Rubenstein - Executive Vice President and Chief Financial Officer Conference Call Participants Julien Dumoulin-Smith - Bank of America Mark Jarvi - CIBC Angie Storozynski - Seaport Research Partners Noah Kaye - Oppenheimer Operator Good day and thank you for standing by. Welcome to the Clearway Energy, Inc. Second Quarter 2023 Earnings Co ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2023 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-36002 Clearway Energy, Inc. (Exact name of registrant as specified in its charter) Delaware 46-1777204 (State or other jurisdiction (I.R.S. Employer of incorporation or organiz ...

Clearway Energy, Inc. (NYSE:CWEN) Q1 2023 Results Conference Call May 4, 2023 8:00 AM ET Company Participants Chris Sotos - President and Chief Executive Officer Craig Cornelius - President and Chief Executive Officer, Clearway Energy Group Conference Call Participants Noah Kaye - Oppenheimer & Co. Angie Storozynski - Seaport Research Partners Mark Jarvi - CIBC Julien Dumoulin-Smith - Bank of America William Grippin - UBS Operator Good day, and thank you for standing by. Welcome to the Clearway Energy, Inc. ...