Clearway Energy, Inc. CWEN Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total operating revenues by Business | ||||||
| Flexible Generation | $61M-10.3% | $67M-11.8% | $106M+3.9% | $50M-27.5% | $68M-28.4% | |
| Renewables & Storage | $293M+27.4% | $243M+35.0% | $323M-15.9% | $342M+15.2% | $230M+36.9% | |
| Net Loss by Business | ||||||
| Flexible Generation | -$2M-200% | $10M-28.6% | $39M+56.0% | -$11M-222% | $2M-87.5% | |
| Renewables & Storage | -$63M+10.0% | $104M+333% | $353M+185% | $113M-13.1% | -$70M-59.1% | |
| Other income, net by Business | ||||||
| Flexible Generation | $1M0.0% | $1M-50.0% | $1M0.0% | $1M-50.0% | $1M0.0% | |
| Renewables & Storage | $5M0.0% | $5M-37.5% | $6M0.0% | $6M-14.3% | $5M-50.0% | |
| Total by Business | ||||||
| Flexible Generation | $29M0.0% | $28M-3.4% | $29M+7.4% | $29M+3.6% | $29M0.0% | |
| Renewables & Storage | $179M-1.1% | $168M-0.6% | $253M+2.4% | $244M-8.6% | $181M+2.3% | |
| Operating Income (Loss) by Business | ||||||
| Flexible Generation | $3M-66.7% | $16M-23.8% | $47M+46.9% | -$2M-113% | $9M-57.1% | |
| Renewables & Storage | $36M+800% | —— | $78M-49.4% | $100M+25.0% | $4M+110% | |
| Loss before income taxes by Business | ||||||
| Flexible Generation | -$2M-200% | $10M-28.6% | $39M+56.0% | -$11M-222% | $2M-87.5% | |
| Renewables & Storage | -$15M+78.6% | -$85M— | $31M-53.0% | $63M+65.8% | -$70M-59.1% | |
| Total Assets by Business | ||||||
| Flexible Generation | $1.78B-6.9% | $1.8B-6.7% | $1.86B— | $1.88B— | $1.92B— | |
| Renewables & Storage | $14.98B+18.8% | $14.56B+19.0% | $14.12B— | $14.08B— | $12.62B— | |
| Less: Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests by Business | ||||||
| Flexible Generation | $0— | $0— | $0— | $0— | $0— | |
| Renewables & Storage | $48M+143% | -$77M-45.3% | -$322M-455% | -$50M+45.7% | -$111M-236% | |
| Income tax benefit by Business | ||||||
| Flexible Generation | $0— | $0— | $0— | $0— | $0— | |
| Renewables & Storage | $0— | -$1M-200% | $0— | $0— | $0— | |
| Interest Expense, Operating and Nonoperating by Business | ||||||
| Flexible Generation | $8M0.0% | $8M-20.0% | $9M0.0% | $10M+11.1% | $8M+14.3% | |
| Renewables & Storage | $57M-32.1% | $57M— | $61M-42.5% | $50M-9.1% | $84M+236% | |
| Equity in earnings of unconsolidated affiliates by Business | ||||||
| Flexible Generation | $2M— | $1M0.0% | $0-100% | $0— | $0-100% | |
| Renewables & Storage | $3M-40.0% | $3M+200% | $15M+25.0% | $7M-12.5% | $5M-54.5% | |
| Revenue, Mark-to-market Hedging Activities by Business | ||||||
| Flexible Generation | $7M+450% | —— | -$26M-550% | $20M+300% | -$2M+84.6% | |
| Renewables & Storage | -$37M-385% | —— | $30M+144% | -$7M-119% | $13M-62.9% | |
| Cost of operations, exclusive of depreciation, amortization and accretion shown separately below by Business | ||||||
| Flexible Generation | $30M-3.2% | $23M-17.9% | $31M-24.4% | $24M-7.7% | $31M-26.2% | |
| Renewables & Storage | $104M+14.3% | $126M+31.3% | $97M+2.1% | $107M+17.6% | $91M+7.1% | |
| 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-4.1% | $72M-4.0% | $72M-4.0% | $73M-5.2% | $73M-3.9% | |
| Renewables & Storage | $292M+28.6% | $219M-6.4% | $229M-7.3% | $224M-8.2% | $227M-16.8% | |
| 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— | -$1M+50.0% | -$7M— | —— | —— | |
| CapEx by Business | ||||||
| Flexible Generation | $4M+100% | $9M0.0% | $2M+100% | $0-100% | $2M-33.3% | |
| Renewables & Storage | $78M+117% | $187M+4.5% | $71M+196% | $51M+104% | $36M-55.0% | |
| Depreciation, amortization and accretion by Business | ||||||
| Flexible Generation | $28M0.0% | $28M+3.7% | $28M-3.4% | $28M+3.7% | $28M-12.5% | |
| Renewables & Storage | $153M+13.3% | $152M+17.8% | $148M+9.6% | $135M+7.1% | $135M+10.7% | |
| Less: Contract amortization by Business | ||||||
| Flexible Generation | $5M0.0% | $4M0.0% | $5M0.0% | $4M0.0% | $5M0.0% | |
| Renewables & Storage | $45M+15.4% | $46M+9.5% | $45M+9.8% | $41M-2.4% | $39M-4.9% | |
| Total operating revenues by Product | ||||||
| Capacity Revenue | $97M+14.1% | $100M+13.6% | $94M+8.0% | $90M+12.5% | $85M+18.1% | |
| Energy Revenue | $261M+5.2% | $247M+4.7% | $363M+3.7% | $338M-1.7% | $248M+2.1% | |
| Other revenue | $16M-20.0% | $8M-61.9% | $26M+13.0% | $22M-26.7% | $20M+25.0% | |
| Total by Product | ||||||
| Capacity Revenue | $52M+26.8% | $226M+16.5% | $44M+12.8% | $41M+10.8% | $41M+13.9% | |
| Energy Revenue | $156M-7.7% | $931M-4.7% | $238M+1.3% | $232M-10.1% | $169M-0.6% |
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.
