secwatch.observer — SEC 8-K summary
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Issuer:     Clearway Energy, Inc. (CWEN)
CIK:        0001567683
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001567683-24-000012
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clearway Energy Q1 net loss $46M; Adj EBITDA $211M, CAFD $52M; dividend raised 1.7%
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- Net loss of $46M vs loss $40M in Q1 2023; Adjusted EBITDA $211M down from $218M.
- Cash available for distribution (CAFD) of $52M vs -$4M in prior year, driven by lower debt service and higher wind generation.
- Acquired Cedar Creek wind (160 MW) for $117M; committed to Dan's Mountain (55 MW) for $44M and Rosamond South (257 MW) for ~$21M.
- Entered resource adequacy contracts for Walnut Creek (97 MW) and Marsh Landing (90 MW) at improved CAFD terms.
- Q2 dividend increased to $0.4102/share ($1.64 annualized); reaffirmed 2024 CAFD guidance of $395M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1567683/000156768324000012/0001567683-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1567683/000156768324000012/cwen-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001567683-24-000012

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