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Clearway Energy, Inc. CWEN Q3 2025 earnings

Reported November 4, 2025 · After market close

Revenue$429.0MBeat by $93.9M
EPS$2.00Beat by $1.68
Revenue estimate$335.1M
EPS estimate$0.32

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$474.5M
EPS estimate$0.36

Financials

Q3 2025

Income statement

See full
Revenue$429.0M-11.7%
Operating income$112.0M-37.1%
Net income$232.0M+544%
EPS (diluted)$1.97+535%

Balance sheet

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Cash & equivalents$641.0M-4.9%
Total debt$9.2B+19.5%
Total equity$5.7B+1.6%
Total assets$16.1B+12.8%

Cash flow

See full
Operating cash flow$225.0M-25.2%
CapEx$81.0M+131%
Free cash flow$144.0M-45.9%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$3.33B-7.2%
Enterprise value$11.91B+12.0%
P/E12.7×-16.7×
P/S2.4×-0.2×

Profitability

See full
Net margin19.1%+10.1pp
FCF margin32%-3.0pp

Returns & leverage

See full
Return on equity4.6%—
Debt / equity1.6×+0.2×
Current ratio1.5×0.0×

Segments

By product

See full
Energy Revenue$363.0M+3.7%
Capacity Revenue$94.0M+8.0%
Other revenue$26.0M+13.0%

By segment

See full
Renewables & Storage$323.0M—
Flexible Generation$106.0M—

Versus estimates

Revenue

Q1 2026$354.0MBeat by $13.3MQ4 2025$310.0MMiss by $23.5M
Q3 2025$429.0MBeat by $93.9M
Q2 2025$392.0MMiss by $28.0MQ1 2025$298.0MMiss by $8.0MQ4 2024$256.0MMiss by $43.7M

Diluted EPS

Q1 2026-$1.35Miss by $0.90Q4 2025-$0.89Miss by $0.68
Q3 2025$2.00Beat by $1.68
Q2 2025$0.28Miss by $0.39Q1 2025$0.03Beat by $0.28Q4 2024$0.03Miss by $0.10

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Questions, answered.

When did Clearway Energy, Inc. report Q3 2025 earnings?
Clearway Energy, Inc. (CWEN) reported Q3 2025 earnings on November 4, 2025 after market close.
What were Clearway Energy, Inc.'s Q3 2025 revenue and EPS?
Clearway Energy, Inc. reported revenue of $429.0M and eps of $2.00 for Q3 2025.
Did Clearway Energy, Inc. beat estimates in Q3 2025?
Revenue beat the consensus estimate of $335.1M by $93.9M. EPS beat the consensus estimate of $0.32 by $1.68.
How did Clearway Energy, Inc.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 11.7% from $486.0M a year earlier and eps grew 545.2% from $0.31.
Where can I find Clearway Energy, Inc.'s Q3 2025 SEC filings?
You can read the 8-K earnings release (0001567683-25-000028) and the 10-Q periodic report (0001628280-25-049051) directly on SEC EDGAR. The filing index links above go to sec.gov.