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Clearway Energy, Inc. CWEN Flexible Generation — Property, plant and equipment

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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:PropertyPlantAndEquipmentGross.

The source filing: Clearway Energy, Inc.’s 10-K, filed February 24, 2026.

Filed
Feb 24, 2026, 1:17 PM EST
Fiscal year
FY2025
Accession
0001628280-26-010952

(a) As of December 31, 2025 and 2024, construction in progress included $24 million and $23 million, respectively, of capital expenditures that relate to prepaid long-term service agreements for facilities in the Flexible Generation segment.

Item 15 — Exhibits, Financial Statement Schedules

FAQ

What is Clearway Energy, Inc.'s flexible generation — property, plant and equipment?
Clearway Energy, Inc. (CWEN) reported flexible generation — property, plant and equipment of $24M in Q4 2025.
What does flexible generation — property, plant and equipment mean?
Represents the net book value of tangible long-lived assets used in the production and delivery of flexible power generation services. This metric reflects the capital intensity of the segment and the scale of infrastructure deployed to support grid stability and energy demand.

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