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Clearway Energy, Inc. CWEN Flexible Generation — Operating Income (Loss)

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$36M+800%

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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:OperatingIncomeLoss.

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
Depreciation, amortization and accretion281531182
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)

Item 1. — FINANCIAL STATEMENTS AND NOTES

FAQ

What is Clearway Energy, Inc.'s flexible generation — operating income (loss)?
Clearway Energy, Inc. (CWEN) reported flexible generation — operating income (loss) of $3M in Q1 2026.
How has Clearway Energy, Inc.'s flexible generation — operating income (loss) changed year-over-year?
Clearway Energy, Inc.'s flexible generation — operating income (loss) decreased by 66.7% year-over-year, from $9M to $3M.
What is the long-term trend for Clearway Energy, Inc.'s flexible generation — operating income (loss)?
Over 3 years (2022 to 2025), Clearway Energy, Inc.'s flexible generation — operating income (loss) has grown at a -29.2% compound annual growth rate (CAGR), from $197M to $70M.
What does flexible generation — operating income (loss) mean?
Measures the profitability of the flexible generation segment by subtracting operating expenses from total operating revenues. This metric indicates how effectively the segment manages its direct costs and overhead to generate profit from its core power generation activities. It is a key benchmark for evaluating the segment's operational health independent of financing and tax structures.

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