Quarterly ResultMay 8, 2026, 06:02 AM
Clearway Energy Q1 Net Loss Widens to $163M; Revenue Up 18.8%
AI Summary
Clearway Energy reported a significant widening of its net loss attributable to the company in Q1 2026 to $163 million, compared to a $3 million loss in Q1 2025, despite an 18.8% increase in total operating revenues to $354 million. Operating income improved to $20 million from break-even in the prior year. The company also completed the acquisition of the 610 MW Cardinal Portfolio for $324 million and increased its quarterly dividend.
Key Highlights
- Net loss attributable to Clearway Energy, Inc. widened to $163M from $3M YoY.
- Total operating revenues increased 18.8% to $354M from $298M YoY.
- Operating income improved to $20M from $0M YoY.
- Loss per share was $(1.35) compared to $(0.02) YoY.
- Net cash provided by operating activities surged to $401M from $95M YoY.
- Acquired the 610 MW Cardinal Portfolio for $324M cash consideration.
- Dividends per Class A and Class C common share increased to $0.4602 from $0.4312.
- Long-term debt increased to $8.504B as of March 31, 2026.