Quarterly ResultAug 5, 2026, 04:44 PM
Clearway Energy Q2 EPS $1.00; Revenues $481M; Acquires Cardinal Portfolio
AI Summary
Clearway Energy reported strong second-quarter 2026 financial results, with operating revenues increasing to $481 million and net income attributable to the company surging to $122 million, resulting in an EPS of $1.00. For the six months ended June 30, 2026, net cash provided by operating activities more than doubled to $615 million. The company also completed the acquisition of the 610 MW Cardinal Portfolio for $322 million and executed a Class A common stock conversion to Class C common stock.
Key Highlights
- Q2 2026 Operating Revenues increased to $481 million from $392 million YoY.
- Q2 2026 Net Income Attributable to Clearway Energy, Inc. rose to $122 million from $30 million YoY.
- Q2 2026 Earnings Per Share (EPS) was $1.00, up from $0.25 YoY.
- Six months ended June 30, 2026, Net Cash Provided by Operating Activities was $615 million, up from $286 million YoY.
- Acquired Cardinal Portfolio (610 MW solar) for $322 million on March 30, 2026.
- Class A common stock converted to Class C common stock effective May 1, 2026.
- Dividends Per Class C Common Share for Q2 2026 were $0.4676.
Price Impact
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