secwatch.observer — SEC 8-K summary
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Issuer:     Clearway Energy, Inc. (CWEN)
CIK:        0001567683
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001567683-22-000014
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clearway Energy Q1 net loss $97M; closes Thermal sale, updates 2022 CAFD guidance to $365M
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- Net loss $97M vs $76M year ago; Adjusted EBITDA $260M vs $198M; CAFD -$2M vs -$15M.
- Closed sale of Thermal Business to KKR for $1.9B on May 1; net proceeds ~$1.35B.
- Used Thermal proceeds to repay $305M revolver and $335M bridge loan; liquidity $574M.
- Q2 dividend raised 2% to $0.3536/share; reaffirms 5-8% annual dividend growth through 2026.
- Updated 2022 CAFD guidance to $365M; reiterates pro forma CAFD outlook ~$385M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1567683/000156768322000014/0001567683-22-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1567683/000156768322000014/cwen-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001567683-22-000014

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