Clearway Energy Reports $392 Million Revenue in Q2 2025, 7.1% Increase Year-Over-Year

Clearway Energy, Inc. reported a total operating revenue of $392 million for the second quarter of 2025, marking a 7.1% increase from $366 million in the same period of 2024. For the first half of 2025, revenues rose to $690 million, up from $629 million year-over-year. The company achieved an operating income of $85 million for the second quarter, slightly higher than the $84 million recorded in the prior year. However, net income attributable to Clearway Energy, Inc. decreased to $33 million from $51 million in the second quarter of 2024, reflecting a decline in earnings per share from $0.43 to $0.28.

The financial performance was influenced by several factors, including increased revenues from the Renewables & Storage segment, driven by acquisitions such as the Tuolumne wind facility and the Arica solar and battery energy storage system. However, this was partially offset by lower generation at certain facilities due to milder weather conditions and a loss incurred from a buy-down of a commodity contract. Operating costs also rose, totaling $307 million in the second quarter, compared to $282 million in the same period last year, primarily due to increased operations and maintenance expenses.

In terms of strategic developments, Clearway Energy made significant acquisitions during the first half of 2025, including the Tuolumne wind facility for approximately $210 million and the Catalina solar facility for $127 million. The company also completed several drop-down transactions involving solar and battery energy storage facilities, which are expected to enhance its portfolio and revenue-generating capacity. As of June 30, 2025, Clearway Energy's total assets increased to $16.03 billion, up from $14.33 billion at the end of 2024, reflecting the impact of these acquisitions.

Operationally, Clearway Energy's portfolio now includes approximately 12 gigawatts (GW) of gross capacity across 27 states, with a significant focus on renewable energy sources. The company reported a weighted average capacity factor of 36.9% for solar facilities and 33.6% for wind facilities during the second quarter. The company’s liquidity position remains strong, with approximately $1.3 billion available as of June 30, 2025, including cash, restricted cash, and availability under its revolving credit facility.

Looking ahead, Clearway Energy anticipates continued growth driven by its strategic acquisitions and investments in renewable energy. The company expects to maintain its quarterly dividend, which was recently declared at $0.4456 per share, reflecting its commitment to providing stable returns to shareholders. However, the company also acknowledges potential risks related to market conditions, regulatory changes, and operational challenges that could impact future performance.