CWEN Q2 2024 Earnings — Clearway Energy, Inc. Revenue & Financial Results | Market Cap Arena

CWENClearway Energy, Inc.

$8B

Q2 2024 Earnings

Utilities Renewable Utilities

Income Statement

Revenue

$366M-9.9% YoY

Gross Profit

$249M68.0% margin

Operating Income

$84M23.0% margin

Net Income

$51M13.9% margin

EPS (Diluted)

$0.43

QoQ Revenue Growth

+39.2%

Cash Flow

Operating Cash Flow

$196M

Free Cash Flow

$92M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$14.5B

Total Liabilities

$8.8B

Stockholders' Equity

$2.1B

Cash & Equivalents

$226M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$366M	$406M	-9.9%
Gross Profit	$249M	$288M	-13.5%
Operating Income	$84M	$149M	-43.6%
Net Income	$51M	$38M	+34.2%

Revenue Segments

Energy Revenue

$344M76%

Capacity Revenue

$80M18%

Products And Services, Other

$30M7%