Core Insights - Clearway Energy Inc. (CWEN) reported third-quarter 2025 earnings of $2.00 per share, significantly exceeding the Zacks Consensus Estimate of 32 cents by 525% [1] - The company’s total revenues for the quarter were $429 million, surpassing the Zacks Consensus Estimate of $422 million by 1.66%, but down 11.7% from $486 million in the same quarter last year [2] CWEN's Revenues - Total revenues of $429 million exceeded expectations but decreased by 11.7% year-over-year [2] Highlights of CWEN's Earnings Release - CWEN is positioned for long-term growth due to rising demand from data centers, with plans to invest in infrastructure and generation assets [3] - Adjusted EBITDA for the quarter was $385 million, an increase from $354 million in the previous year [3] Operating Costs and Expenses - Total operating costs and expenses were $317 million, up 2.9% from $308 million a year ago [4] - Interest expenses decreased to $98 million from $139 million in the prior year [4] Developments After Third-Quarter Close - Clearway Group signed a 20-year Power Purchase Agreement (PPA) for a 520 MW solar plus storage project, targeting a 2027 Commercial Operation Date (COD) [5] - The company also agreed to acquire a 613 MW operational solar portfolio from a third party [5] CWEN's Financial Position - Cash and cash equivalents were $251 million as of September 30, 2025, down from $332 million at the end of 2024 [6] - Total liquidity decreased to $834 million from $1.33 billion as of December 31, 2024 [6] - Long-term debt increased to $8.08 billion from $6.75 billion at the end of 2024 [6] Cash Flow - Net cash provided by operating activities for the first nine months of 2025 was $511 million, compared to $578 million in the same period last year [7] CWEN's Guidance - The new guidance for 2025 cash available for distribution (CAFD) is between $420 million and $440 million, tightening towards the upper end of the previous range [10] - Guidance for 2026 CAFD is projected between $470 million and $510 million [10] - Adjusted EBITDA projections for 2025 and 2026 are in the range of $1.235-$1.255 billion and $1.441-$1.481 billion, respectively [11]