Clearway Energy, Inc. Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤2027 CAFD guidance initiated at $520 million-$590 million
- ➤2026 CAFD guidance reaffirmed at $430 million-$470 million
- ➤Net income $123 million; Adjusted EBITDA $435 million in Q3
- ➤Honeycomb Phase 2 acquisition signed for approximately $119 million
- ➤Swan Solar acquisition signed for approximately $230 million
- ➤Walnut Creek contracts 200-500 MW capacity through December 2034
Expert Statements
Craig Cornelius, President and Chief Executive Officer of Clearway Energy, Inc.
“Since last quarter, we have committed to two additional drop-downs from Clearway Energy Group LLC (“Clearway Group”), secured further revenue contracting for our Flexible Generation fleet at long contract tenors, and increased our committed and identified drop-down opportunities (which have increased by over 100% since the beginning of the year), enabling us to reiterate a pathway to the top end or better of our 2030 CAFD per share target. Following our annual strategic planning process, we are also pleased to announce our initial 2031 financial target range of $3.20 to $3.40 of CAFD per share, representing a compound annual growth rate of 7–8% from our 2025 baseline. Further bolstering our outlook is the advancement of our pipeline of co-located digital infrastructure projects, which could ultimately enable us to deliver above the top end of those growth goals as our first complex targets completion over 2029-2030. With the building blocks needed to fulfill these objectives increasingly transparent and in view, we have conviction that we can deliver on our long-term objectives. In the near term, execution remains on track, with our revised 2026 guidance reiterated and our initial 2027 guidance range aligned with our prior commitments.”
* Fleet Enhancement program continues to advance with over 600 MW of repowerings and 774 MW of new awarded and signed capacity contracts for the Flexible Generation fleet at 8-10 year contract tenors * Sponsor-enabled growth program executing on-track with Swan Solar and Honeycomb 2 investments now committed and receipt of an offer for the Heartland Solar Plus Storage complex * Growth roadmap accelerating and extending — with Sponsor-developed pipeline growing to ~16 GW, and now including over 6 GW of committed and identified opportunities for potential investment through 2030 * Reaffirming 2026 financial guidance and initiating 2027 financial guidance PRINCETON, N.J., Nov. 09, 2026 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN) (the “Company”) today reported third quarter 2026 financial results, including Net Income of $123 million, Adjusted EBITDA of $435 million, Cash from Operating Activities of $324 million, and Cash Available for Distribution (CAFD) of $173 million.
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