CWEN Q1 2024 Earnings — Clearway Energy, Inc. Revenue & Financial Results | Market Cap Arena

CWENClearway Energy, Inc.

$8B

Q1 2024 Earnings

Utilities Renewable Utilities

Income Statement

Revenue

$263M-8.7% YoY

Gross Profit

$137M52.1% margin

Operating Income

-$29M-11.0% margin

Net Income

-$2M-0.8% margin

EPS (Diluted)

$-0.02

QoQ Revenue Growth

+5.6%

Cash Flow

Operating Cash Flow

$81M

Free Cash Flow

-$17M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$14.9B

Total Liabilities

$9.8B

Stockholders' Equity

$2.1B

Cash & Equivalents

$478M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$263M	$288M	-8.7%
Gross Profit	$137M	$180M	-23.9%
Operating Income	-$29M	$42M	-169.0%
Net Income	-$2M	$0	—

Revenue Segments

Energy Revenue

$243M73%

Capacity Revenue

$72M22%

Products And Services, Other

$16M5%