secwatch.observer — SEC 8-K summary
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Issuer:     Clearway Energy, Inc. (CWEN)
CIK:        0001567683
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001567683-23-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1567683/000156768323000016/0001567683-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1567683/000156768323000016/cwen-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001567683-23-000016

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