Clearway Energy Q1 Earnings Beat Estimates, Revenues Rise Y/Y

Clearway Energy Inc. CWEN recorded first-quarter 2025 earnings of 3 cents per share, which surpassed the Zacks Consensus Estimate of a loss of 25 cents by 112%. In the year-ago quarter, the company reported a loss of 2 cents per share. (See the Zacks Earnings Calendar to stay ahead of market-making news)CWEN’s RevenuesTotal revenues of $298 million missed the Zacks Consensus Estimate of $311 million by 4.1%. In the year-ago quarter, the company reported revenues of $263 million. 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 $252 million compared with $211 million in the year-ago period.Total operating costs and expenses for the quarter were $298 million, up 2.1% from the year-ago figure of $292 million. This was due to higher depreciation, amortization and accretion costs.CWEN incurred interest expenses of $116 million compared with $57 million in the year-ago quarter.On April 25, 2025, the company entered into a binding agreement to acquire an approximately 100 megawatt (MW) operating solar project located in California from a third party. CWEN expects its corporate capital commitment to acquire the facility to be between $120 million and $125 million. The project reached commercial operations in 2013 and has a revenue contract with an investment-grade utility through 2038.On April 29, 2025, the company closed the acquisition of Tuolumne Wind, a 137 MW wind project located in Klickitat County, WA, from Turlock Irrigation District. The project has a PPA with Turlock Irrigation District, an investment-grade regulated entity, with an initial contract term of 15 years to 2040.CWEN’s Financial PositionClearway Energy had cash and cash equivalents of $297 million as of March 31, 2025, compared with $332 million as of Dec. 31, 2024.Total liquidity as of March 31, 2025, was $1.325 billion compared with $1.33 billion recorded as of Dec. 31, 2024.Long-term debt as of March 31, 2025, amounted to $7.23 billion compared with $6.75 billion as of Dec. 31, 2024.Net cash provided by operating activities in the first quarter totaled $95 million compared with $81 million in the year-ago quarter.CWEN’s GuidanceThe company continues to expect 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 #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.Upcoming ReleasesConstellation Energy Corporation CEG is scheduled to report first-quarter results on May 6, before market open. The Zacks Consensus Estimate for earnings is pegged at $2.14 per share, which suggests a year-over-year increase of 17.6%.CEG’s long-term (three to five years) earnings growth rate is 12.4%. The Zacks Consensus Estimate for 2025 earnings is pinned at $9.40 per share, which implies a year-over-year improvement of 8.4%.Energy Transfer ET is scheduled to report first-quarter results on May 6, after market close. The Zacks Consensus Estimate for earnings is pegged at 33 cents per share, which suggests a year-over-year increase of 3.1%.ET’s long-term earnings growth rate is 21.4%. The Zacks Consensus Estimate for 2025 sales is pinned at $95.3 billion, implying a year-over-year increase of 15.3%.Murphy Oil Corporation MUR is scheduled to report first-quarter results on May 7, after market close. The Zacks Consensus Estimate for earnings is pegged at 47 cents per share.The Zacks Consensus Estimate for 2025 sales is pinned at $2.81 billion while that for earnings is pegged at $2.44 per share. Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant 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