Last 7 days
-4.3%
Last 30 days
-2.5%
Last 90 days
-4.3%
Trailing 12 Months
-15.1%
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
Revenue | 6.2% | 1,264 | 1,190 | 1,240 | 1,251 | 1,263 |
S&GA Expenses | -5.0% | 38.00 | 40.00 | 41.00 | 43.00 | 42.00 |
EBITDA | -0.8% | 2,026 | 2,043 | 2,031 | 754 | - |
EBITDA Margin | 3.3% | 1.70* | 1.65* | 1.62* | 0.60* | - |
Earnings Before Taxes | 3.6% | 1,328 | 1,282 | 1,319 | 1,270 | -65.00 |
EBT Margin | 1.3% | 1.08* | 1.06* | 1.02* | -0.05* | - |
Interest Expenses | 22.4% | 284 | 232 | 223 | 258 | 314 |
Net Income | 104.3% | 1,189 | 582 | 1,070 | 1,059 | -55.00 |
Net Income Margin | -43.3% | 0.49* | 0.86* | 0.44* | 0.01* | - |
Free Cahsflow | 2.7% | 675 | 657 | 600 | 628 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
Assets | 3.5% | 12,749 | 12,312 | 12,596 | 12,648 | 12,628 |
Current Assets | 1.0% | 1,289 | 1,276 | 1,488 | 1,635 | 1,373 |
Cash Equivalents | 54.2% | 1,013 | 657 | 793 | 955 | 140 |
Inventory | 4.3% | 49.00 | 47.00 | 48.00 | 39.00 | 38.00 |
Net PPE | 6.0% | 7,863 | 7,421 | 7,437 | 7,545 | 7,661 |
Liabilities | 3.7% | 8,587 | 8,279 | 8,480 | 8,455 | 9,489 |
Current Liabilities | 3.4% | 638 | 617 | 808 | 749 | 1,527 |
Long Term Debt | 4.3% | 6,769 | 6,491 | 6,519 | 6,605 | 6,979 |
LT Debt, Current | 7.9% | 493 | 457 | 770 | - | - |
LT Debt, Non Current | -1.3% | 6,519 | 6,605 | 6,979 | - | - |
Shareholder's Equity | 3.2% | 4,153 | 4,026 | 4,109 | 4,189 | 3,139 |
Retained Earnings | -9.5% | 419 | 463 | 494 | 505 | -65.00 |
Additional Paid-In Capital | -2.4% | 1,719 | 1,761 | 1,786 | 1,785 | 1,826 |
Shares Outstanding | 0% | 202 | 202 | 202 | 202 | 202 |
Minority Interest | 11.9% | 2,006 | 1,792 | 1,818 | 1,896 | 1,377 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
Cashflow From Operations | -2.3% | 769 | 787 | 779 | 739 | 747 |
Cashflow From Investing | 0.6% | 1,071 | 1,065 | 665 | 886 | -643 |
Cashflow From Financing | 14.0% | -1,298 | -1,510 | -829 | -793 | -50.00 |
48.9%
0%
0%
Y-axis is the maximum loss one would have experienced if Clearway Energy was unfortunately bought at previous high price.
14.4%
14.6%
14.7%
FIve years rolling returns for Clearway Energy.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-05-23 | Brookfield Corp /ON/ | reduced | -19.89 | -8,227,700 | 30,488,000 | 0.12% |
2023-05-22 | Westover Capital Advisors, LLC | reduced | -3.3 | -55,456 | 1,066,970 | 0.40% |
2023-05-22 | AMERIPRISE FINANCIAL INC | added | 3.53 | 477,129 | 27,318,100 | 0.01% |
2023-05-22 | AMERIPRISE FINANCIAL INC | added | 37.59 | 163,407 | 593,407 | -% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | reduced | -28.71 | -576,000 | 1,351,000 | -% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | reduced | -26.79 | -198,000 | 550,000 | -% |
2023-05-18 | JPMORGAN CHASE & CO | added | 4.28 | 788,000 | 32,223,000 | -% |
2023-05-18 | Harvest Portfolios Group Inc. | reduced | -11.75 | -104,709 | 811,441 | 0.04% |
2023-05-18 | JPMORGAN CHASE & CO | added | 0.13 | 68,000 | 13,633,000 | -% |
2023-05-18 | HNP Capital LLC | reduced | -1.36 | -54,676 | 1,749,220 | 0.49% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 13, 2023 | clearbridge investments ltd | 0.8% | 670,896 | SC 13G/A | |
Feb 13, 2023 | apollo management holdings gp, llc | 0.5% | 167,697 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 10.49% | 3,630,807 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 10.46% | 8,598,712 | SC 13G/A | |
Feb 07, 2023 | blackrock inc. | 13.7% | 11,270,408 | SC 13G/A | |
Jan 26, 2023 | blackrock inc. | 11.7% | 4,053,171 | SC 13G/A | |
Jan 20, 2023 | blackrock inc. | 11.7% | 4,053,171 | SC 13G/A | |
Sep 20, 2022 | apollo management holdings gp, llc | 0.5% | 169,670 | SC 13G | |
Sep 15, 2022 | totalenergies se | 55.3% | 42,760,591 | SC 13D | |
Sep 15, 2022 | global infrastructure investors iii, llc | 55.3% | 42,760,591 | SC 13D/A |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | 23.90 -18.15% | 28.58 -2.12% | 41.09 40.72% | 55.94 91.58% | 66.60 128.08% |
Current Inflation | 22.45 -23.12% | 26.51 -9.21% | 37.10 27.05% | 49.53 69.62% | 58.43 100.10% |
Very High Inflation | 20.63 -29.35% | 23.96 -17.95% | 32.35 10.79% | 42.07 44.08% | 49.01 67.84% |
Date Filed | Form Type | Document | |
---|---|---|---|
May 24, 2023 | 8-K | Current Report | |
May 17, 2023 | 4 | Insider Trading | |
May 17, 2023 | 4 | Insider Trading | |
May 17, 2023 | 4/A | Insider Trading | |
May 17, 2023 | 4/A | Insider Trading | |
May 04, 2023 | 10-Q | Quarterly Report | |
May 04, 2023 | 8-K | Current Report | |
May 01, 2023 | 8-K | Current Report | |
Apr 25, 2023 | 4/A | Insider Trading | |
Apr 25, 2023 | 4/A | Insider Trading |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-05-15 | TotalEnergies SE | acquired | 14,825 | 31.61 | 469 | - |
2023-05-15 | Global Infrastructure Investors III, LLC | acquired | 14,825 | 31.61 | 469 | - |
2023-04-21 | TotalEnergies SE | acquired | - | - | 4,150 | - |
2023-04-21 | Global Infrastructure Investors III, LLC | acquired | - | - | 4,150 | - |
2023-04-15 | Malcarney Kevin P. | acquired | - | - | 16,983 | evp, gen counsel and corp secr |
2023-04-15 | Malcarney Kevin P. | acquired | - | - | 5,391 | evp, gen counsel and corp secr |
2023-04-15 | Global Infrastructure Investors III, LLC | acquired | 2,932 | 31.53 | 93.00 | - |
2023-04-15 | Sotos Christopher S | acquired | - | - | 24,366 | president and ceo |
2023-04-15 | Murphy Michael Taft | sold (taxes) | - | - | -3,545 | chief investment officer |
2023-04-15 | TotalEnergies SE | acquired | 2,932 | 31.53 | 93.00 | - |
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | |
---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
Operating Revenues | ||
Total operating revenues | $ 288 | $ 214 |
Operating Costs and Expenses | ||
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below | 108 | 128 |
Depreciation, amortization and accretion | 128 | 124 |
General and administrative | 10 | 12 |
Transaction and integration costs | 0 | 2 |
Development costs | 0 | 1 |
Total operating costs and expenses | 246 | 267 |
Operating Income (Loss) | 42 | (53) |
Other Income (Expense) | ||
Equity in (losses) earnings of unconsolidated affiliates | (3) | 4 |
Other income, net | 8 | 0 |
Loss on debt extinguishment | 0 | (2) |
Interest expense | (99) | (47) |
Total other expense, net | (94) | (45) |
Loss Before Income Taxes | (52) | (98) |
Income tax benefit | (12) | (1) |
Net Loss | (40) | (97) |
Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests | (40) | (65) |
Net Loss Attributable to Clearway Energy, Inc. | 0 | (32) |
Common Class A | ||
Other Income (Expense) | ||
Net Loss Attributable to Clearway Energy, Inc. | $ 0 | $ (9) |
Loss Per Share Attributable to Clearway Energy, Inc. Class A and Class C Common Stockholders | ||
Weighted average number of common shares outstanding - basic (in shares) | 35 | 35 |
Weighted average number of common shares outstanding - diluted (in shares) | 35 | 35 |
Loss per weighted average common share — basic (in dollars per share) | $ 0 | $ (0.28) |
Loss per weighted average common share — diluted (in dollars per share) | 0 | (0.28) |
Common stock, dividends, per share, cash paid (in dollars per share) | $ 0.3745 | $ 0.3468 |
Common Class C | ||
Other Income (Expense) | ||
Net Loss Attributable to Clearway Energy, Inc. | $ 0 | $ (23) |
Loss Per Share Attributable to Clearway Energy, Inc. Class A and Class C Common Stockholders | ||
Weighted average number of common shares outstanding - basic (in shares) | 82 | 82 |
Weighted average number of common shares outstanding - diluted (in shares) | 82 | 82 |
Loss per weighted average common share — basic (in dollars per share) | $ 0 | $ (0.28) |
Loss per weighted average common share — diluted (in dollars per share) | 0 | (0.28) |
Common stock, dividends, per share, cash paid (in dollars per share) | $ 0.3745 | $ 0.3468 |
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Mar. 31, 2023 | Dec. 31, 2022 |
---|---|---|
Current Assets | ||
Cash and cash equivalents | $ 576 | $ 657 |
Restricted cash | 437 | 339 |
Accounts receivable — trade | 150 | 153 |
Inventory | 49 | 47 |
Derivative instruments | 27 | 26 |
Prepayments and other current assets | 50 | 54 |
Total current assets | 1,289 | 1,276 |
Property, plant and equipment, net | 7,863 | 7,421 |
Other Assets | ||
Equity investments in affiliates | 346 | 364 |
Intangible assets for power purchase agreements, net | 2,443 | 2,488 |
Other intangible assets, net | 75 | 77 |
Derivative instruments | 64 | 63 |
Right-of-use assets, net | 554 | 527 |
Other non-current assets | 115 | 96 |
Total other assets | 3,597 | 3,615 |
Total Assets | 12,749 | 12,312 |
Current Liabilities | ||
Current portion of long-term debt | 366 | 322 |
Accounts payable — trade | 70 | 55 |
Accounts payable — affiliates | 50 | 22 |
Derivative instruments | 39 | 50 |
Accrued interest expense | 36 | 54 |
Accrued expenses and other current liabilities | 77 | 114 |
Total current liabilities | 638 | 617 |
Other Liabilities | ||
Long-term debt | 6,769 | 6,491 |
Deferred income taxes | 98 | 119 |
Derivative instruments | 296 | 303 |
Long-term lease liabilities | 577 | 548 |
Other non-current liabilities | 209 | 201 |
Total other liabilities | 7,949 | 7,662 |
Total Liabilities | 8,587 | 8,279 |
Redeemable noncontrolling interest in subsidiaries | 9 | 7 |
Commitments and Contingencies | ||
Stockholders’ Equity | ||
Preferred stock, $0.01 par value; 10,000,000 shares authorized; none issued | 0 | 0 |
Class A, Class B, Class C and Class D common stock, $0.01 par value; 3,000,000,000 shares authorized (Class A 500,000,000, Class B 500,000,000, Class C 1,000,000,000, Class D 1,000,000,000); 201,972,813 shares issued and outstanding (Class A 34,613,853, Class B 42,738,750, Class C 82,283,460, Class D 42,336,750) at March 31, 2023 and 201,972,813 shares issued and outstanding (Class A 34,613,853, Class B 42,738,750, Class C 82,283,460, Class D 42,336,750) at December 31, 2022 | 1 | 1 |
Additional paid-in capital | 1,719 | 1,761 |
Retained earnings | 419 | 463 |
Accumulated other comprehensive income | 8 | 9 |
Noncontrolling interest | 2,006 | 1,792 |
Total Stockholders’ Equity | 4,153 | 4,026 |
Total Liabilities and Stockholders’ Equity | $ 12,749 | $ 12,312 |