From The Motley Fool · Motley Fool Transcribing · · 2m
Clearway Energy Q3 2026 Earnings Results
Clearway Energy reports $435M adjusted EBITDA and $173M CAFD for Q3 2026, with 2031 CAFD per share target of $3.20-$3.40.
In brief
Clearway Energy reports $435M adjusted EBITDA and $173M CAFD for Q3 2026, with 2031 CAFD per share target of $3.20-$3.40. Clearway Energy achieved $435 million adjusted EBITDA and $173 million CAFD for Q3 2026, with 2031 CAFD per share target of $3.20-$3.40 representing 7%-8% compounded annual growth from 2025…
Q3 2026 Financial Results
Clearway Energy reported adjusted EBITDA of $435 million for Q3 2026, up from $385 million in Q3 2025.
2026 CAFD Guidance
Cash Available for Distribution guidance of $173 million for Q3 2026, compared to $166 million in Q3 2025.
2027 CAFD Guidance
2027 CAFD guidance of $520 million to $590 million, reflecting higher contributions from flexible generation fleet.
2031 CAFD Per Share Target
2031 CAFD per share target of $3.20 to $3.40, representing 7%-8% compounded annual growth from 2025 baseline.
Net Income
Net income of $123 million driven by growth investments and mark-to-market adjustments for interest rate swaps.
Operating Cash Flow
Operating cash flow of $324 million, up from $225 million in Q3 2025.
Identified Investment Opportunities
6.4 gigawatts of identified investment opportunities, a 27% increase from previous quarter.
Corporate Capital Plan
$4.1 billion capital plan for 2026-2030 with investment cadence doubling from 2027-2030.
Flexible Generation Availability
93.8% equivalent availability factor for flexible generation fleet.
Solar Generation
3,413 thousand megawatt-hours, 16.2% increase from Q3 2025.
Wind Generation
2,424 thousand megawatt-hours, up from 2,276 thousand megawatt-hours in Q3 2025.
Total Liquidity
$1.1 billion liquidity as of Sept 30, 2026, including $356 million credit facility.
Walnut Creek Contract
200-500 megawatts capacity under 8-year tolling agreement through 2034.
Honeycomb Phase 2
$119 million for 210-megawatt storage portfolio in Utah, commercial operations in 2027.
Swan Solar Acquisition
$230 million for 650-megawatt project in Missouri, completion in 2028.
Heartland Solar Commitment
$130 million potential commitment for 439-megawatt solar plus storage project in California.
What to remember
Clearway Energy achieved $435 million adjusted EBITDA and $173 million CAFD for Q3 2026, with 2031 CAFD per share target of $3.20-$3.40 representing 7%-8% compounded annual growth from 2025 baseline.
