---
schema_version: "secwatch.filing_event.v1"
accession: "0001567683-23-000016"
form_type: "8-K"
ticker: "CWEN"
cik: "0001567683"
company_name: "Clearway Energy, Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T21:53:58.592160+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Clearway Q1 net loss $40M; raises dividend 2%, upsizes revolver to $700M

## Summary
- Q1 2023 net loss of $40M vs $97M loss in Q1 2022; Adjusted EBITDA $218M, down from $260M.
- Cash from operations $75M; CAFD -$4M; reaffirms full-year 2023 CAFD guidance of $410M.
- Cedro Hill repowering: $63M investment, 160MW, PPA extended to 2045.
- Revolving credit facility refinanced: capacity increased to $700M, undrawn, maturity extended to March 2028.
- Quarterly dividend increased 2% to $0.3818/share ($1.5272 annualized); targets 5-8% annual growth through 2026.

## SEC filing metadata
- accession: 0001567683-23-000016
- form_type: 8-K
- ticker: CWEN
- cik: 0001567683
- company_name: Clearway Energy, Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1567683/000156768323000016/0001567683-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1567683/000156768323000016/cwen-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001567683-23-000016
- JSON: https://secwatch.observer/filing/0001567683-23-000016.json
- Plain text: https://secwatch.observer/filing/0001567683-23-000016.txt

## Key facts
- Earnings Releases
  Clearway Energy, Inc. reported first quarter 2023 results: net income $(40) million. Guidance reaffirmed.
  - Period: first quarter 2023
  - Net income: $(40) million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Clearway Energy, Inc. Reports First Quarter 2023 Financial Results • Repowering Cedro Hill with PPA extension to 2045 and increasing project size to 160MW • Increased size of revolving credit facility to $700 million • Reaffirming 2023 financial guidance and pro forma CAFD outlook • Increasing the quarterly dividend by 2% to $0.3818 per share in the second quarter of 20 23, or $1.5272 per share annualized • Continue to target annual dividend per share growth in the upper range of 5% to 8% through 2026 PRINCETON, NJ — May 4, 2023 — Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported first quarter 2023 financial results, including Net Loss of $(40) million, Adjusted EBITDA of $218 million, Cash from Operating Activities of $75 million, and Cash Available for Distribution (CAFD) of $(4) million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1567683/000156768323000016/0001567683-23-000016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.