Clearway Energy (CWEN) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 30, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

-0.24

Last Year’s EPS

0.03

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 8 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 24, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed strong execution on operations, commercialization and funding with several concrete metrics (Q4 adjusted EBITDA $237M, full-year CAFD $430M, 2026 guidance $470M–$510M) and a large, well-commercialized pipeline supporting ambitious 2027 and 2030 CAFD per share targets. Management highlighted robust PPA pricing (roughly double vs three years ago), signed ~2 GW of new PPAs, attractive repowering yields (>11%), and enhanced capital flexibility (closed $600M notes, $100M equity raised, stock +30%). Headwinds included below-median wind in Q4, solar timing impacts, modest near-term CAFD uplift from individual recontracts, and typical execution/funding/permitting sensitivities tied to achieving long-term targets. Overall, positives around growth visibility, funding and operational delivery significantly outweigh the few near-term performance and execution risks.

Company Guidance

Clearway reiterated 2026 CAFD guidance of $470–$510 million (midpoint assumes P50 renewable production) after delivering full‑year 2025 CAFD of $430 million (above the $400–$440m original range) and reporting Q4 adjusted EBITDA of $237 million and quarterly CAFD of $35 million; management reaffirmed a 2027 CAFD/share target of $2.70+ and a 2030 CAFD/share target of $2.90–$3.10 (implying a 7–8% CAGR from 2025) with upside to 5–8%+ growth in 2031+ from the 2030 baseline. 2025 execution added ~1.3 GW of projects and ~2 GW of new PPAs with hyperscalers; >900 MW of repowerings are on track for 2027 COD with CAFD yields in excess of 11%; 100% of 2026/2027 repowering and new‑build projects are commercialized, ~50% of 2028 late‑stage MWs are contracted, 2029 development activity exceeds 7 GW with potential to deploy well over $600 million of corporate capital that year, and the company expects to develop roughly 2 GW+/year into the 2030s. Identified growth financing includes ~$1.3 billion of 2027–2028 corporate capital opportunities targeted at ≥10.5% CAFD yields, the ability to deploy at least $650 million incremental capital over 2028–2030 (with optionality to scale), a prior ~$2.5 billion corporate capital plan to reach 2030 goals, recent funding actions including $600 million of senior notes due 2034 and ~$100 million of opportunistic equity issuance, and a long‑term funding framework targeting ~4.0–4.5x leverage, a BB target rating and a post‑2030 payout ratio below 70%.

Full-Year CAFD Above Guidance Midpoint

Full-year cash available for distribution (CAFD) of $430 million, above the midpoint of original guidance ($400M–$440M) and at the top end of the original range per management commentary.

Quarterly Financials

Fourth-quarter adjusted EBITDA of $237 million and CAFD (free cash flow) of $35 million.

2026 Guidance Reaffirmed

Management reiterated 2026 CAFD guidance range of $470 million to $510 million.

Clear Long-Term CAFD per Share Targets and CAGR

Reiterated 2027 CAFD per share target of $2.70 or better and 2030 CAFD per share target of $2.90–$3.10, representing a 7%–8% CAGR from 2025; management expects sustained CAFD per share growth of roughly 5%–8%+ beyond 2030.

Growth Execution — Projects and Pipeline

Enterprise added ~1.3 gigawatts of value-enhancing projects in 2025; 100% of planned repowering and new construction projects in the 2026–2027 vintages have been commercialized; 2029 development activity exceeds 7 GW, providing a sizable pipeline well above what is required for 2030 objectives.

Sponsor-Enabled Growth and PPAs

Signed approximately 2.0 GW of new PPAs with hyperscalers and utilities in 2025; management noted PPA pricing for comparable markets today is roughly double (~100% increase) versus three years ago and sees sustained robust pricing across geographies.

Attractive Yield Opportunities on Repowerings

Planned repowerings totaling >900 MW are expected to deliver CAFD yields in excess of 11% while extending wind fleet life.

Strengthened Funding Capacity

Closed upsized $600 million senior unsecured notes due 2034 at attractive spreads (second tightest high-yield issuance spread in sector since 2020); executed $100 million of opportunistic equity issuances (two $50M tranches) that management describes as the least dilutive in platform history; stock price up over 30% since late August, improving capital flexibility.

Near-Term Deployment Optionality

Company is well placed to deploy at least $650 million incremental corporate capital over 2028–2030 (on top of prior plans) and has line-of-sight to deploy well over $600 million in corporate capital in 2029, subject to capital allocation discipline.

Operational Performance and Availability

Management highlighted high plant availability across technologies in 2025, strong operational execution, and on-time commercial operations contributing to outperformance vs guidance.

Clearway Energy (CWEN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CWEN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 30, 2026	2026 (Q1)	-0.24 / -	0.03	―	―	―
Feb 24, 2026	2025 (Q4)	-0.25 / -0.88	0.029	-3134.48% (-0.91)
Nov 04, 2025	2025 (Q3)	0.36 / 2.00	0.346	478.03% (+1.65)
Aug 05, 2025	2025 (Q2)	0.64 / 0.28	0.454	-38.33% (-0.17)
Apr 30, 2025	2025 (Q1)	-0.25 / 0.03	-0.02	250.00% (+0.05)
Feb 24, 2025	2024 (Q4)	0.03 / 0.03	0.31	-90.65% (-0.28)
Oct 30, 2024	2024 (Q3)	0.53 / 0.35	0.03	1053.33% (+0.32)
Aug 01, 2024	2024 (Q2)	0.58 / 0.45	0.33	37.58% (+0.12)
May 09, 2024	2024 (Q1)	-0.25 / -0.02	0	―
Feb 22, 2024	2023 (Q4)	0.04 / 0.31	0.1	210.00% (+0.21)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CWEN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 24, 2026	$38.68	$38.76	+0.21%
Nov 04, 2025	$32.09	$34.23	+6.68%
Aug 05, 2025	$30.75	$29.40	-4.40%
Apr 30, 2025	$28.14	$27.76	-1.33%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Clearway Energy Inc (CWEN) report earnings?

Clearway Energy Inc (CWEN) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).

What is Clearway Energy Inc (CWEN) earnings time?

Clearway Energy Inc (CWEN) earnings time is at Apr 30, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CWEN EPS forecast?

CWEN EPS forecast for the fiscal quarter 2026 (Q1) is -0.24.