# Clearway Energy Sets 2027 Cash Available for Distribution Range

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/53389
Published: 2026-11-10T23:13:17.000Z
Updated: 2026-11-10T23:13:17.000Z
Section: Business

> Third-quarter revenue rose to $522 million from $429 million, while GAAP earnings per share fell to $0.42 from $1.97.

Clearway Energy, Inc. set a 2027 cash available for distribution range of $520 million to $590 million while reaffirming its 2026 outlook and posting $522 million in third-quarter revenue.

Revenue for the quarter ended Sept. 30, 2026, was up from $429 million in the same period a year earlier. GAAP earnings per weighted-average Class A and Class C share, basic and diluted, were $0.42, compared with $1.97 in the third quarter of 2025.

Net income attributable to Clearway Energy was $51 million, down from $232 million a year earlier. Consolidated net income rose to $123 million from $60 million. Adjusted EBITDA, a non-GAAP measure, reached $435 million, compared with $385 million.

Cash from operating activities totaled $324 million, up from $225 million. Cash available for distribution (CAFD), also a non-GAAP measure, was $173 million, compared with $166 million in the year-earlier quarter.

The company reaffirmed its 2026 CAFD guidance at $430 million to $470 million. Its new 2027 range is $520 million to $590 million.

Clearway also introduced an initial 2031 target of $3.20 to $3.40 in CAFD per share. The company described that range as representing 7% to 8% annual compound growth from its 2025 baseline. President and CEO Craig Cornelius said, “we are also pleased to announce our initial 2031 financial target range of $3.20 to $3.40 of CAFD per share.”

Seasonal factors, weather and renewable energy resources affect the company’s operating results. Most of its revenue is generated from May through September, a period that includes the third quarter.

Clearway’s portfolio spans about 13.9 gigawatts of gross capacity across 27 states. Of that capacity, 11.1 GW is wind, solar and storage; dispatchable generation accounts for more than 2.8 GW. Cornelius also identified co-located digital-infrastructure projects as possible upside to the company’s long-term growth goals; the first complex is targeting completion in 2029 or 2030.