Quarterly ResultMay 7, 2026, 04:04 PM
Clearway Energy Q1 Net Loss $68M; Adjusted EBITDA $257M; Share Simplification Approved
AI Summary
Clearway Energy reported a Q1 2026 Net Loss of $68 million and Adjusted EBITDA of $257 million. Cash from Operating Activities significantly increased to $401 million, while Cash Available for Distribution (CAFD) was $70 million. The company reaffirmed its 2026 CAFD guidance and announced stockholder approval for a simplified public share structure, converting Class A to Class C common stock for increased liquidity and broader investor appeal. Strategic initiatives, including fleet enhancement, accelerated sponsor-enabled growth, and third-party M&A, are advancing, with a late-stage pipeline now at 12.7 GW.
Key Highlights
- Stockholders approved a simplified public share structure, converting Class A to Class C common stock.
- Q1 2026 Net Loss was $68 million, an improvement from $104 million in Q1 2025.
- Adjusted EBITDA for Q1 2026 was $257 million, up from $252 million in Q1 2025.
- Cash from Operating Activities surged to $401 million in Q1 2026 from $95 million in Q1 2025.
- Cash Available for Distribution (CAFD) was $70 million in Q1 2026.
- Reaffirmed 2026 full-year CAFD guidance range of $470 million to $510 million.
- Total late-stage opportunity pipeline increased to 12.7 GW.
- Declared a quarterly dividend of $0.4676 per share on Class C common stock.