Clearway Energy, Inc. 8-K

What Happened

• Clearway Energy, Inc. (and subsidiary Clearway Energy LLC) filed an 8‑K on January 7, 2026 to correct immaterial errors in its unaudited quarterly financial information for the quarters ended March 31, 2025, June 30, 2025 and September 30, 2025.
• The errors related to certain hypothetical liquidation at book value (HLBV) calculations used to allocate net income (loss) to redeemable noncontrolling interests and noncontrolling interests in tax equity partnerships. The company concluded the corrections are immaterial individually and in the aggregate and do not require restatement. Exhibit 99.1 includes the impact to the previously filed quarterly statements. The corrections did not affect net income (loss) or cash flow from operations.

Key Details

• Filing date: January 7, 2026 (Form 8‑K).
• Periods affected: Q1–Q3 2025 (quarterly periods ended 3/31/2025, 6/30/2025, 9/30/2025).
• Issue: errors in HLBV accounting calculations for allocating income to redeemable noncontrolling interests and tax equity partnership noncontrolling interests.
• Controls: management identified a material weakness in internal control over financial reporting during Q4 2025 related to review of those HLBV calculations; remediation actions are underway but no firm timeline is provided.

Why It Matters

• For investors, the company says the numeric corrections are immaterial and do not change reported net income or operating cash flow, so core operating results are unchanged.
• However, the disclosed material weakness signals a deficiency in Clearway’s financial controls around allocation calculations (HLBV) and means investors should watch for updates on remediation and any future control issues or revised disclosures.
• The company will revise prior period financial information in future filings when those periods are presented, and Exhibit 99.1 contains the specific adjusted figures.