Quarterly ResultMay 7, 2026, 05:12 PM
Clearway Energy Q1 Net Loss $68M, Adj. EBITDA $257M; Reaffirms 2026 CAFD
AI Summary
Clearway Energy, Inc. reported a Q1 2026 Net Loss of $68 million and Adjusted EBITDA of $257 million, while reaffirming its full-year 2026 CAFD guidance of $470 million to $510 million. The company made significant progress on its fleet enhancement and sponsor-enabled growth programs, increasing its late-stage opportunity pipeline to 12.7 GW. Key developments include the substantial completion of the Honeycomb Phase I BESS facilities, the acquisition of the Cardinal Portfolio, and the approval of a public share simplification proposal.
Key Highlights
- Public share simplification proposal approved, converting Class A to Class C common stock.
- Reported Q1 2026 Net Loss of $68 million, an improvement from $104 million in Q1 2025.
- Achieved Q1 2026 Adjusted EBITDA of $257 million, up from $252 million in Q1 2025.
- Cash Available for Distribution (CAFD) was $70 million in Q1 2026, down from $77 million in Q1 2025.
- Reaffirmed 2026 full-year CAFD guidance range of $470 million to $510 million.
- Declared a quarterly dividend of $0.4676 per share.
- Completed the acquisition of the Cardinal Portfolio for $324 million.
- Honeycomb Portfolio BESS facilities (320 MW) reached substantial completion with $97 million capital investment.
Price Impact
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