06:49 AM EDT, 05/09/2024 (MT Newswires) -- Clearway Energy ( CWEN/A ) reported a Q1 net loss Thursday of $0.02 per share, compared with breakeven earnings a year earlier.

Two analysts polled by Capital IQ expected a loss of $0.19.

Revenue for the quarter ended March 31 was $263 million, down from $288 million a year earlier. Analysts surveyed by Capital IQ expected $286.5 million.

The company continues to expect 2024 cash available for distribution of $395 million. Analysts polled by Capital IQ expect $393 million.

Additionally, the company said it raised its quarterly dividend by 1.7% to $0.4102 per share. The new dividend is payable on June 17 to stockholders of record on June 3.

Price: 24.75, Change: -0.15, Percent Change: -0.60