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Clearway Energy, Inc. CWEN Equity Method Investments

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Segments

By segment

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Renewables & Storage$292M+28.6%
Flexible Generation$70M-4.1%

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:EquityMethodInvestments.

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, except shares)March 31, 2026December 31, 2025
Total current assets1,0571,152
Property, plant and equipment, net11,81611,596
Other Assets
Equity investments in affiliates362291
Intangible assets for power purchase agreements, net2,3752,294
Other intangible assets, net6766
Deferred income taxes172
Derivative instruments130127

Item 1. — FINANCIAL STATEMENTS AND NOTES

FAQ

What is Clearway Energy, Inc.'s equity method investments?
Clearway Energy, Inc. (CWEN) reported equity method investments of $362M in Q1 2026.
How has Clearway Energy, Inc.'s equity method investments changed year-over-year?
Clearway Energy, Inc.'s equity method investments increased by 20.7% year-over-year, from $300M to $362M.
What is the long-term trend for Clearway Energy, Inc.'s equity method investments?
Over 5 years (2020 to 2025), Clearway Energy, Inc.'s equity method investments has grown at a -17.1% compound annual growth rate (CAGR), from $741M to $291M.
What does equity method investments mean?
Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.

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