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Clearway Energy, Inc. CWEN Flexible Generation — Total operating revenues

Other segment segments

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$293M+27.4%

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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:Revenues.

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
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)
Less: Lease revenue(29)(179)(208)
Total revenue from contracts with customers$44$122$166

Item 1. — FINANCIAL STATEMENTS AND NOTES

FAQ

What is Clearway Energy, Inc.'s flexible generation — total operating revenues?
Clearway Energy, Inc. (CWEN) reported flexible generation — total operating revenues of $61M in Q1 2026.
How has Clearway Energy, Inc.'s flexible generation — total operating revenues changed year-over-year?
Clearway Energy, Inc.'s flexible generation — total operating revenues decreased by 10.3% year-over-year, from $68M to $61M.
What is the long-term trend for Clearway Energy, Inc.'s flexible generation — total operating revenues?
Over 3 years (2022 to 2025), Clearway Energy, Inc.'s flexible generation — total operating revenues has grown at a -11.3% compound annual growth rate (CAGR), from $417M to $291M.
What does flexible generation — total operating revenues mean?
The total gross income generated by the flexible generation segment from its power production and energy infrastructure operations. This includes revenue from electricity sales, capacity payments, and other ancillary services provided by the segment's assets. It serves as the primary indicator of the segment's top-line performance and market demand for its flexible power capabilities.

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