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Clearway Energy, Inc. CWEN Flexible Generation — Equity investments in affiliates

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$292M+28.6%

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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:EquityMethodInvestments.

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
Income tax benefit(2)(2)
Net Loss(2)(15)(51)(68)
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interests484795
Net Loss Attributable to Clearway Energy, Inc.$(2)$(63)$(98)$(163)
Balance Sheet
Equity investments in affiliates$70$292$362
Capital expenditures (b)47882
Total Assets$1,784$14,984$163$16,931

Item 1. — FINANCIAL STATEMENTS AND NOTES

FAQ

What is Clearway Energy, Inc.'s flexible generation — equity investments in affiliates?
Clearway Energy, Inc. (CWEN) reported flexible generation — equity investments in affiliates of $70M in Q1 2026.
How has Clearway Energy, Inc.'s flexible generation — equity investments in affiliates changed year-over-year?
Clearway Energy, Inc.'s flexible generation — equity investments in affiliates decreased by 4.1% year-over-year, from $73M to $70M.
What does flexible generation — equity investments in affiliates mean?
The carrying value of the segment's ownership interests in joint ventures or other entities where it exercises significant influence but does not have full control. This reflects the segment's strategic partnerships and external growth investments.

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