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Clearway Energy, Inc. CWEN Flexible Generation — Equity in earnings of unconsolidated affiliates

Other segment segments

Renewables & Storage
$3M-40.0%

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Other financials

Income statement

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Revenue$354.0M+18.8%
Gross profit$351.0M+48.1%
Operating income$20.0M
Net income-$163.0M-5,333%
EPS (diluted)-$1.35-6,650%

Balance sheet

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Cash & equivalents$680.0M-4.4%
Total debt$9.9B+21.0%
Total equity$5.5B+1.5%
Total assets$16.9B+15.6%

Cash flow

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Operating cash flow$401.0M+322%
CapEx$75.0M+33.9%
Free cash flow$326.0M+736%

Valuation

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Market cap$6.74B+89.3%
Enterprise value$16.01B+32.0%
P/S4.5×+2.1×

Profitability

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Gross margin63.4%-1.5pp
Operating margin17.1%-5.2pp
Net margin-6.7%-12.9pp
FCF margin44.2%+5.8pp

Returns & leverage

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Return on equity-1.8%-3.5pp
Debt / equity1.8×+0.3×
Current ratio1.1×-0.4×

Where this comes from

Reported directly by Clearway Energy, Inc. in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromEquityMethodInvestments.

The source filing: Clearway Energy, Inc.’s 10-Q, filed May 8, 2026.

Filed
May 7, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-032385
(In millions)Flexible GenerationRenewables & StorageCorporate (a)Total
General and administrative1111
Transaction and integration costs77
Operating income (loss)336(19)20
Equity in earnings of unconsolidated affiliates235
Other income, net1528
Loss on debt extinguishment(2)(2)
Interest expense(8)(57)(36)(101)
Loss before income taxes(2)(15)(53)(70)

Item 1. — FINANCIAL STATEMENTS AND NOTES

FAQ

What is Clearway Energy, Inc.'s flexible generation — equity in earnings of unconsolidated affiliates?
Clearway Energy, Inc. (CWEN) reported flexible generation — equity in earnings of unconsolidated affiliates of $2M in Q1 2026.
What is the long-term trend for Clearway Energy, Inc.'s flexible generation — equity in earnings of unconsolidated affiliates?
Over 3 years (2022 to 2025), Clearway Energy, Inc.'s flexible generation — equity in earnings of unconsolidated affiliates has grown at a -30.7% compound annual growth rate (CAGR), from $3M to $1M.
What does flexible generation — equity in earnings of unconsolidated affiliates mean?
Represents the segment's proportional share of net income or loss from investments in entities where the company exercises significant influence but does not have a controlling interest. This metric highlights the contribution of joint ventures or partnerships to the flexible generation segment's overall financial results. It reflects the value derived from collaborative energy infrastructure investments.

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