Clearway Energy FY2022 Net Income $1,060M; raises pro forma CAFD outlook to $410M; dividend up 2%

Clearway Energy, Inc.

2022-FY EPS reported $4.99 revenue$1,190,000,000

Net Income $1,060M (vs -$75M in 2021) includes one-time gain from Thermal sale; Adjusted EBITDA $1,160M.
CAFD $326M (vs $336M); Q4 CAFD -$2M due to lower availability and renewable resources.
Quarterly dividend raised 2% to $0.3745/share ($1.498 annualized); target 5-8% annual growth through 2026.
Reaffirmed 2023 CAFD guidance of $410M; raised pro forma CAFD outlook from ~$390M to ~$410M.
Committed ~$348M in growth investments in 2022, including 463 MW solar+storage projects (Victory Pass, Arica).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Clearway Energy, Inc. reported the year ended December 31, 2022 results: net income Net Income of $1,060 million. Guidance reaffirmed.

Period: the year ended December 31, 2022
Net income: Net Income of $1,060 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On February 23, 2023, Clearway Energy, Inc. issued a press release announcing its financial results for the year ended December 31, 2022.

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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

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