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Clearway Energy, Inc. CWEN Flexible Generation — Less: Contract amortization

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$45M+15.4%

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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:CapitalizedContractCostAmortization.

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)Three months ended March 31, 2026 / Flexible GenerationThree months ended March 31, 2026 / Renewables & StorageTotal
Energy revenue (a)$7$254$261
Capacity revenue (a)653297
Other revenues11516
Contract amortization(5)(45)(50)
Mark-to-market for economic hedges(7)3730
Total operating revenues61293354
Less: Contract amortization54550
Less: Mark-to-market for economic hedges7(37)(30)

Item 1. — FINANCIAL STATEMENTS AND NOTES

FAQ

What is Clearway Energy, Inc.'s flexible generation — less: contract amortization?
Clearway Energy, Inc. (CWEN) reported flexible generation — less: contract amortization of $5M in Q1 2026.
How has Clearway Energy, Inc.'s flexible generation — less: contract amortization changed year-over-year?
Clearway Energy, Inc.'s flexible generation — less: contract amortization decreased by 0.0% year-over-year, from $5M to $5M.
What is the long-term trend for Clearway Energy, Inc.'s flexible generation — less: contract amortization?
Over 3 years (2022 to 2025), Clearway Energy, Inc.'s flexible generation — less: contract amortization has grown at a -9.1% compound annual growth rate (CAGR), from $24M to $18M.
What does flexible generation — less: contract amortization mean?
Represents the non-cash expense associated with the systematic reduction of the carrying value of acquired power purchase agreements or energy contracts over their useful lives. This metric reflects the consumption of intangible contract assets within the flexible generation segment. It is a key adjustment for understanding the underlying cash-generating capacity of the segment's portfolio.

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