CWEN Q2 2023 Earnings — Clearway Energy, Inc. Revenue & Financial Results | Market Cap Arena

CWENClearway Energy, Inc.

$8B

Q2 2023 Earnings

Utilities Renewable Utilities

Income Statement

Revenue

$406M+10.3% YoY

Gross Profit

$288M70.9% margin

Operating Income

$149M36.7% margin

Net Income

$38M9.4% margin

EPS (Diluted)

$0.33

QoQ Revenue Growth

+41.0%

Cash Flow

Operating Cash Flow

$134M

Free Cash Flow

$113M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$12.6B

Total Liabilities

$8.5B

Stockholders' Equity

$2.1B

Cash & Equivalents

$918M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$406M	$368M	+10.3%
Gross Profit	$288M	$256M	+12.5%
Operating Income	$149M	$1.4B	-89.4%
Net Income	$38M	$570M	-93.3%

Revenue Segments

Energy Revenue

$278M65%

Capacity Revenue

$101M24%

Products And Services, Other

$48M11%