Filing Flows › Clearway Energy (CWEN) › Q4 2024
Clearway Energy (CWEN) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 25, 2025
Clearway Energy (CWEN) reported revenue of $256M for the fourth quarter 2024 (Q4 2024), +3% from a year earlier and -47% from the quarter before. Operating margin was -14.5%, net loss $48.0M (18.8% of revenue).
Clearway Energy, Q4 2024: revenue $256M (+3% year over year), operating margin -14.5%, net loss $48.0M, operating cash flow $192M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $256M | -47% | +3% |
| Operating profit | −$37.0M | — | — |
| Net earnings | −$48.0M | — | — |
| Operating cash flow | $192M | -36% | -7% |
| Free cash flow | $142M | -47% | +4% |
What changed
Revenue was $256.0M in Q4 2024, up 3% year over year and down 47% from the previous quarter.
Operating costs exceeded revenue by $37.0M, an operating margin of -14.5%. Total costs grew 8% against revenue growth of 3%. The fastest-growing cost line was General & admin (+25%). The quarter ended with a net loss of $48.0M, after a profit of $27.0M the previous quarter. Minority interests bore $51.0M of it: to shareholders the quarter was a profit of $3.0M.
Operating cash flow was $192.0M (down 7% year over year). Non-cash charges added back $156.0M of depreciation and amortization. Working capital and other items added $84.0M. Capital expenditures of $50.0M left free cash flow of $142.0M.
Questions
What was Clearway Energy's revenue in the fourth quarter 2024?
Clearway Energy (CWEN) reported revenue of $256M for the fourth quarter 2024 (Q4 2024), +3% from a year earlier and -47% from the quarter before.
Was Clearway Energy profitable in the fourth quarter 2024?
Operating loss was $37.0M (-14.5% of revenue) and net loss $48.0M.
Source: Clearway Energy 10-K on SEC EDGAR.