Clearway Energy, Inc. CWEN Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total operating revenues by Business | ||||||
| Flexible Generation | $61M-9.0% | $67M-36.8% | $106M+112% | $50M-26.5% | $68M-10.5% | |
| Renewables & Storage | $293M+20.6% | $243M-24.8% | $323M-5.6% | $342M+48.7% | $230M+27.8% | |
| Net Loss by Business | ||||||
| Flexible Generation | -$2M-120% | $10M-74.4% | $39M+455% | -$11M-650% | $2M-85.7% | |
| Renewables & Storage | -$63M-161% | $104M-70.5% | $353M+212% | $113M+261% | -$70M-392% | |
| Other income, net by Business | ||||||
| Flexible Generation | $1M0.0% | $1M0.0% | $1M0.0% | $1M0.0% | $1M-50.0% | |
| Renewables & Storage | $5M0.0% | $5M-16.7% | $6M0.0% | $6M+20.0% | $5M-37.5% | |
| Total by Business | ||||||
| Flexible Generation | $29M+3.6% | $28M-3.4% | $29M0.0% | $29M0.0% | $29M0.0% | |
| Renewables & Storage | $179M+6.5% | $168M-33.6% | $253M+3.7% | $244M+34.8% | $181M+7.1% | |
| Operating Income (Loss) by Business | ||||||
| Flexible Generation | $3M-81.3% | $16M-66.0% | $47M+2,450% | -$2M-122% | $9M-57.1% | |
| Renewables & Storage | $36M— | —— | $78M-22.0% | $100M+2,400% | $4M— | |
| Loss before income taxes by Business | ||||||
| Flexible Generation | -$2M-120% | $10M-74.4% | $39M+455% | -$11M-650% | $2M-85.7% | |
| Renewables & Storage | -$15M+82.4% | -$85M-374% | $31M-50.8% | $63M+190% | -$70M— | |
| Total Assets by Business | ||||||
| Flexible Generation | $1.78B-1.1% | $1.8B-3.0% | $1.86B-1.1% | $1.88B-1.9% | $1.92B-0.9% | |
| Renewables & Storage | $14.98B+2.9% | $14.56B+3.1% | $14.12B+0.3% | $14.08B+11.6% | $12.62B+3.1% | |
| Less: Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests by Business | ||||||
| Flexible Generation | $0— | $0— | $0— | $0— | $0— | |
| Renewables & Storage | $48M+162% | -$77M+76.1% | -$322M-544% | -$50M+55.0% | -$111M-109% | |
| Income tax benefit by Business | ||||||
| Flexible Generation | $0— | $0— | $0— | $0— | $0— | |
| Renewables & Storage | $0+100% | -$1M— | $0— | $0— | $0-100% | |
| Interest Expense, Operating and Nonoperating by Business | ||||||
| Flexible Generation | $8M0.0% | $8M-11.1% | $9M-10.0% | $10M+25.0% | $8M-20.0% | |
| Renewables & Storage | $57M0.0% | $57M-6.6% | $61M+22.0% | $50M-40.5% | $84M— | |
| Equity in earnings of unconsolidated affiliates by Business | ||||||
| Flexible Generation | $2M+100% | $1M— | $0— | $0— | $0-100% | |
| Renewables & Storage | $3M0.0% | $3M-80.0% | $15M+114% | $7M+40.0% | $5M+400% | |
| Revenue, Mark-to-market Hedging Activities by Business | ||||||
| Flexible Generation | $7M— | —— | -$26M-230% | $20M+1,100% | -$2M— | |
| Renewables & Storage | -$37M— | —— | $30M+529% | -$7M-154% | $13M-67.5% | |
| Cost of operations, exclusive of depreciation, amortization and accretion shown separately below by Business | ||||||
| Flexible Generation | $30M+30.4% | $23M-25.8% | $31M+29.2% | $24M-22.6% | $31M+10.7% | |
| Renewables & Storage | $104M-17.5% | $126M+29.9% | $97M-9.3% | $107M+17.6% | $91M-5.2% | |
| G&A by Business | ||||||
| Flexible Generation | $0— | $0— | $0— | $0— | $0— | |
| Renewables & Storage | $0— | $0— | $0— | $0— | $0— | |
| Equity investments in affiliates by Business | ||||||
| Flexible Generation | $70M-2.8% | $72M0.0% | $72M-1.4% | $73M0.0% | $73M-2.7% | |
| Renewables & Storage | $292M+33.3% | $219M-4.4% | $229M+2.2% | $224M-1.3% | $227M-3.0% | |
| Transaction and integration costs by Business | ||||||
| Flexible Generation | $0— | $0— | $0— | $0— | $0— | |
| Renewables & Storage | $0— | $0— | $0— | $0— | $0— | |
| Loss on debt extinguishment by Business | ||||||
| Flexible Generation | $0— | $0— | $0— | —— | —— | |
| Renewables & Storage | -$2M-100% | -$1M+85.7% | -$7M— | —— | —— | |
| CapEx by Business | ||||||
| Flexible Generation | $4M-55.6% | $9M+350% | $2M— | $0-100% | $2M-77.8% | |
| Renewables & Storage | $78M-58.3% | $187M+163% | $71M+39.2% | $51M+41.7% | $36M-79.9% | |
| Depreciation, amortization and accretion by Business | ||||||
| Flexible Generation | $28M0.0% | $28M0.0% | $28M0.0% | $28M0.0% | $28M+3.7% | |
| Renewables & Storage | $153M+0.7% | $152M+2.7% | $148M+9.6% | $135M0.0% | $135M+4.7% | |
| Less: Contract amortization by Business | ||||||
| Flexible Generation | $5M+25.0% | $4M-20.0% | $5M+25.0% | $4M-20.0% | $5M+25.0% | |
| Renewables & Storage | $45M-2.2% | $46M+2.2% | $45M+9.8% | $41M+5.1% | $39M-7.1% | |
| Total operating revenues by Product | ||||||
| Capacity Revenue | $97M-3.0% | $100M+6.4% | $94M+4.4% | $90M+5.9% | $85M-3.4% | |
| Energy Revenue | $261M+5.7% | $247M-32.0% | $363M+7.4% | $338M+36.3% | $248M+5.1% | |
| Other revenue | $16M+100% | $8M-69.2% | $26M+18.2% | $22M+10.0% | $20M-4.8% | |
| Total by Product | ||||||
| Capacity Revenue | $52M-77.0% | $226M+414% | $44M+7.3% | $41M0.0% | $41M-78.9% | |
| Energy Revenue | $156M-83.2% | $931M+291% | $238M+2.6% | $232M+37.3% | $169M-82.7% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Clearway Energy, Inc. break its business down?
- Clearway Energy, Inc. (CWEN) reports total operating revenues by business across 2 parts — Flexible Generation and Renewables & Storage. Each is extracted from the segment footnotes and tracked over time.
- Where does Clearway Energy, Inc.'s segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Clearway Energy, Inc.'s SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
