GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Clearway Energy Inc (NYSE:CWEN) » Definitions » EBIT

CWEN (Clearway Energy) EBIT : $274 Mil (TTM As of Dec. 2024)


View and export this data going back to 2013. Start your Free Trial

What is Clearway Energy EBIT?

Clearway Energy's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2024 was $-25 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was $274 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Clearway Energy's annualized ROC % for the quarter that ended in Dec. 2024 was -0.96%. Clearway Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -0.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Clearway Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 1.92%.


Clearway Energy EBIT Historical Data

The historical data trend for Clearway Energy's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Clearway Energy EBIT Chart

Clearway Energy Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 361.00 249.00 1,514.00 321.00 274.00

Clearway Energy Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.00 -2.00 102.00 199.00 -25.00

Competitive Comparison of Clearway Energy's EBIT

For the Utilities - Renewable subindustry, Clearway Energy's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Clearway Energy's EV-to-EBIT Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Clearway Energy's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Clearway Energy's EV-to-EBIT falls into.



Clearway Energy EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $274 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Clearway Energy  (NYSE:CWEN) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Clearway Energy's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=-132 * ( 1 - 0% )/( (13759 + 13765)/ 2 )
=-132/13762
=-0.96 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Clearway Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-100/( ( (10443 + max(510, 0)) + (10491 + max(447, 0)) )/ 2 )
=-100/( ( 10953 + 10938 )/ 2 )
=-100/10945.5
=-0.91 %

where Working Capital is:

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(199 + 63 + 497) - (198 + 0 + 51)
=510

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(164 + 64 + 507) - (232 + 0 + 56)
=447

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Clearway Energy's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=274/14288.685
=1.92 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Clearway Energy EBIT Related Terms

Thank you for viewing the detailed overview of Clearway Energy's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Clearway Energy Business Description

Traded in Other Exchanges
Address
300 Carnegie Center, Suite 300, Princeton, NJ, USA, 08540
Clearway Energy Inc is a publicly-traded energy infrastructure investor with a focus on investments in clean energy and owner of modern, sustainable and long-term contracted assets across North America. The company segments its operations into conventional power generation, renewables and thermal divisions.
Executives
Brian R. Ford director 1 MILFORD WAY, MEDFORD NJ 08055
E Stanley Oneal director MERRILL LYNCH CORPORATE SECRETARY, 222 BROADWAY, 17TH FLOOR, NEW YORK NY 10038
Se Totalenergies director, 10 percent owner 2 PLACE JEAN MILLIER, ARCHE NORD COUPOLE/REGNAULT, PARIS LA DEFENSE CEDEX I0 92078
Global Infrastructure Investors Iii, Llc 10 percent owner C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Christopher S Sotos director CLEARWAY ENERGY, INC., 300 CARNEGIE CENTER, SUITE 300, PRINCETON NJ 08540
Guillaume Hediard director 300 CARNEGIE CENTER, SUITE 300, PRINCETON NJ 08540
Vincent Stoquart director C/O SUNPOWER CORPORATION, 51 RIO ROBLES, SAN JOSE CA 95134
Emmanuel Barrois director 300 CARNEGIE CENTER, SUITE 300, PRINCETON NJ 08540
Zephyr Holdings Gp, Llc director, 10 percent owner C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Totalenergies Delaware, Inc. 10 percent owner 1201 LOUISIANA STREET, SUITE 1800, HOUSTON TX 77002
Totalenergies Renewables Usa, Llc 10 percent owner 1201 LOUISIANA STREET, SUITE 1800, HOUSTON TX 77002
Totalenergies Holdings Usa, Inc. 10 percent owner 1201 LOUISIANA STREET, SUITE 1800, HOUSTON TX 77002
Totalenergies Gestion Usa Sarl 10 percent owner LA DEFENSE 6 2 PLACE JEAN MILLIER, COURBEVOIE, HAUTS-DE-SEINE I0 92400
Gip Iii Zephyr Midco Holdings, L.p. director, 10 percent owner C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Michael Taft Murphy officer: CHIEF INVESTMENT OFFICER 300 CARNEGIE CENTER, SUITE 300, PRINCETON NJ 08540