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Clearway Energy, Inc. CWEN Renewables & Storage — Equity in earnings of unconsolidated affiliates

Other segment segments

Flexible Generation
$2M

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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:IncomeLossFromEquityMethodInvestments.

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
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)
Loss before income taxes(2)(15)(53)(70)

Item 1. — FINANCIAL STATEMENTS AND NOTES

FAQ

What is Clearway Energy, Inc.'s renewables & storage — equity in earnings of unconsolidated affiliates?
Clearway Energy, Inc. (CWEN) reported renewables & storage — equity in earnings of unconsolidated affiliates of $3M in Q1 2026.
How has Clearway Energy, Inc.'s renewables & storage — equity in earnings of unconsolidated affiliates changed year-over-year?
Clearway Energy, Inc.'s renewables & storage — equity in earnings of unconsolidated affiliates decreased by 40.0% year-over-year, from $5M to $3M.
What is the long-term trend for Clearway Energy, Inc.'s renewables & storage — equity in earnings of unconsolidated affiliates?
Over 2 years (2023 to 2025), Clearway Energy, Inc.'s renewables & storage — equity in earnings of unconsolidated affiliates has grown at a 82.6% compound annual growth rate (CAGR), from $9M to $30M.
What does renewables & storage — equity in earnings of unconsolidated affiliates mean?
Represents the segment's proportional share of net income or loss from investments in joint ventures or entities where the company does not have a controlling interest. It highlights the performance of strategic partnerships and non-wholly owned renewable energy projects.

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