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Dec 31, 2022
Clearway Energy Q4 2022 Earnings Report
Clearway Energy reported full year 2022 financial results, impacted by weaker wind performance and forced outages in the Conventional segment, while reaffirming 2023 financial guidance and raising pro forma CAFD outlook.
Key Takeaways
Clearway Energy, Inc. reported a Net Loss of $54 million, Adjusted EBITDA of $212 million, Cash from Operating Activities of $180 million, and CAFD of $(2) million for Q4 2022. The company reaffirmed its 2023 full year CAFD guidance of $410 million and updated its pro forma CAFD outlook expectations from approximately $390 million to approximately $410 million.
Committed to approximately $348 million of new long-term corporate capital investments in 2022.
Raised over $1.3 billion of corporate level capital in 2022 from the sale of Clearway's Thermal Business.
Signed agreement with Clearway Group in 4Q22 to commit to invest in 463 MW of solar plus storage projects.
Increased the quarterly dividend by 2% to $0.3745 per share in the first quarter of 2023, or $1.498 per share annualized.
Revenue by Segment
Forward Guidance
The Company is reaffirming its 2023 full year CAFD guidance of $410 million and updating its pro forma CAFD outlook expectations from approximately $390 million to approximately $410 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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