Clearway Energy Q3 net income $15M, guides 2024 CAFD $395M, raises dividend 2%

Clearway Energy, Inc.

Net income $15M, Adj. EBITDA $323M, Cash from Ops $287M, CAFD $156M.
Reiterates 2023 CAFD guidance $330-$360M; initiates 2024 CAFD guidance of $395M.
Declares Q4 dividend $0.3964/share (+2%), annualized $1.5856; targets 5-8% DPS growth through 2026.
Commits to invest in Texas Solar Nova 452 MW solar for ~$40M; expects ~$4M annual CAFD from 2025.
Received offers for Dan's Mountain Wind (55 MW, ~$86M) and 572 MW solar+storage (~$105M) from sponsor.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Clearway Energy, Inc. reported the quarter ended September 30, 2023 results: net income $15 million. Guidance reaffirmed.

Period: the quarter ended September 30, 2023
Net income: $15 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported third quarter 2023 financial results, including Net Income of $15 million, Adjusted EBITDA of $323 million, Cash from Operating Activities of $287 million, and Cash Available for Distribution (CAFD) of $156 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 0001567683-23-000032

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