Quarterly ResultAug 5, 2026, 04:21 PM
Clearway Energy Q2 Net Income $30M, Adjusted EBITDA $409M; Lowers 2026 CAFD Guidance
AI Summary
Clearway Energy, Inc. reported its second quarter 2026 financial results, with Net Income rising to $30 million and Adjusted EBITDA reaching $409 million, both showing increases compared to the prior year. Cash Available for Distribution (CAFD) also grew to $167 million for the quarter. However, the company adjusted its full-year 2026 CAFD guidance downwards to a range of $430 million to $470 million. Strategic updates include advancing the Fleet Enhancement program, accelerating sponsor-enabled growth with new project offers like Honeycomb Phase II and Chimney Canyon, and restructuring wind PPAs.
Key Highlights
- Reported Q2 2026 Net Income of $30 million, up from $12 million in Q2 2025.
- Achieved Q2 2026 Adjusted EBITDA of $409 million, an increase from $343 million in Q2 2025.
- Generated Q2 2026 Cash Available for Distribution (CAFD) of $167 million, up from $152 million in Q2 2025.
- Revised 2026 full-year CAFD guidance to a range of $430 million to $470 million, down from $470 million to $510 million.
- Declared a quarterly dividend of $0.4750 per share payable on September 15, 2026.
- Received an offer for Honeycomb Phase II, a 210 MW storage portfolio, with a potential capital commitment of $110 million.
- Announced the Chimney Canyon Project, a 975 MW solar plus BESS project, with a potential capital investment of $350 million.
- Total liquidity as of June 30, 2026, was $985 million, a decrease of $76 million from December 31, 2025.
Price Impact
More from CWEN