Clearway Energy Q3 Net Income $62M; cuts 2022 CAFD guidance to $350M; initiates 2023 guidance $410M

Clearway Energy, Inc.

Net Income $62M, Adjusted EBITDA $322M, CAFD $154M for Q3 2022.
Dividend increased 2% to $0.3672/share quarterly; targets 5-8% annual growth through 2026.
2022 CAFD guidance reduced to $350M from $365M due to forced outages at Conventional segment.
Initiates 2023 CAFD guidance of $410M; updates pro forma outlook to ~$390M.
Received offers to invest ~$410M in 1.4 GW renewable projects; TotalEnergies bought 50% of sponsor.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Clearway Energy, Inc. reported third quarter 2022 results: net income $62 million.

Period: third quarter 2022
Net income: $62 million
Result: reported results

Exact text from the filing

Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported third quarter 2022 financial results, including Net Income of $62 million, Adjusted EBITDA of $322 million, Cash from Operating Activities of $328 million, and Cash Available for Distribution (CAFD) of $154 million.

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9 earnings releases filed in the last 30 days. Browse all earnings releases →

Clearway Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001567683-22-000031

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