Clearway Energy Q3 net income rises on growth investments, mark-to-market gains
CWEN•Clearway Energy reported Q3 revenue of $522 million and net income of $123 million, with net income rising year over year on growth investments and mark-to-market gains. It reaffirmed 2026 CAFD guidance of $430 million to $470 million, set 2027 guidance of $520 million to $590 million, and targets 2031 CAFD per share of $3.20 to $3.40.
1. Quarterly results
Clearway Energy reported Q3 revenue of $522 million, net income of $123 million, EPS of $0.42 and adjusted EBITDA of $435 million. Net income increased year over year, driven by contributions from growth investments and mark-to-market gains.
2. Guidance and operations
The company reaffirmed its 2026 full-year CAFD guidance of $430 million to $470 million and set 2027 guidance at $520 million to $590 million. It targets 2031 CAFD per share of $3.20 to $3.40. Renewables and storage generation rose 12% year over year, primarily due to growth investments; higher availability in flexible generation was attributed to strong operational execution.
