earnings
confidence high
sentiment positive
materiality 0.80
Clearway Energy Q2 net income $1.15B; raises pro forma CAFD outlook to $400M; acquires 413 MW wind portfolio
Clearway Energy, Inc.
- Net income $1,149M includes $1.29B gain from Thermal sale; adjusted EBITDA $366M, CAFD $176M.
- Signed binding deal to acquire 413 MW Capistrano wind portfolio for $255M cash plus $160M debt.
- TotalEnergies to acquire 50% of sponsor Clearway Group from GIP for $1.6B cash and SunPower stake.
- Quarterly dividend raised 2% to $0.3604/share ($1.442 annualized); targeting upper 5-8% growth through 2026.
- Reaffirmed 2022 CAFD guidance $365M; raised pro forma CAFD outlook to $400M from $385M.