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Clearway Energy, Inc. CWEN Renewables & Storage — Loss on debt extinguishment

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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:GainsLossesOnExtinguishmentOfDebt.

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
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)
Income tax benefit(2)(2)
Net Loss(2)(15)(51)(68)

Item 1. — FINANCIAL STATEMENTS AND NOTES

FAQ

What is Clearway Energy, Inc.'s renewables & storage — loss on debt extinguishment?
Clearway Energy, Inc. (CWEN) reported renewables & storage — loss on debt extinguishment of -$2M in Q1 2026.
What does renewables & storage — loss on debt extinguishment mean?
Reflects the financial cost incurred when the segment retires debt obligations before their scheduled maturity date. This typically includes premiums paid to lenders and the write-off of unamortized debt issuance costs, signaling active capital structure management.

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