Clearway Energy Q2 CAFD $137M; cuts 2023 CAFD guidance to $330-360M, raises dividend 2%

Clearway Energy, Inc.

Net income $84M in Q2 2023, down from $1,149M in Q2 2022 due to prior-year gain on Thermal sale.
Adjusted EBITDA $316M, down from $366M; Cash from operations $134M vs $186M.
2023 CAFD guidance lowered to $330-360M from $410M; pro forma CAFD outlook raised to ~$420M.
Quarterly dividend increased 2% to $0.3891 per share ($1.5564 annualized).
Committed to invest in 147 MW battery storage (Rosamond Central) and 160 MW wind (Cedar Creek).

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 quarter ended June 30, 2023 results: net income $84 million. Guidance lowered.

Period: the quarter ended June 30, 2023
Net income: $84 million
Guidance: lowered
Result: reported results

Exact text from the filing

Clearway Energy, Inc. issued a press release announcing its financial results for the quarter ended June 30, 2023.

View on SEC.gov

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

Clearway Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001567683-23-000023

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.