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Clearway Energy Q2 Earnings Rise, Revenue Falls; Raises Quarterly Dividend
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Clearway Energy Q2 Earnings Rise, Revenue Falls; Raises Quarterly Dividend
Aug 1, 2024 8:13 AM

10:47 AM EDT, 08/01/2024 (MT Newswires) -- Clearway Energy ( CWEN/A ) shares were up more than 2% in early trading Thursday following its Q2 results.

The company reported Q2 earnings of $0.43 per diluted share, up from $0.33 a year earlier.

Analysts polled by Capital IQ expected $0.66.

Revenue for the quarter ended June 30 was $366 million, compared with $406 million a year earlier.

Analysts surveyed by Capital IQ expected $424.6 million.

The company raised its quarterly dividend 1.7% to $0.4171 per share, payable Sept. 16 to stockholders of record Sept. 3.

Price: 27.38, Change: +0.70, Percent Change: +2.62

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