Clearway Energy, Inc. CWEN Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total operating revenues by Business | ||||||
| Flexible Generation | $284M-9.8% | $291M-14.9% | $300M-19.1% | $296M-20.9% | $315M-23.2% | |
| Renewables & Storage | $1.2B+10.1% | $1.14B+10.6% | $1.08B+0.2% | $1.14B+24.6% | $1.09B+30.1% | |
| Net Loss by Business | ||||||
| Flexible Generation | $36M-28.0% | $40M-37.5% | $44M-43.0% | $30M-62.3% | $50M-48.8% | |
| Renewables & Storage | $507M+144% | $500M+114% | $420M+69.7% | $191M+18.6% | $208M+204% | |
| Other income, net by Business | ||||||
| Flexible Generation | $4M-33.3% | $4M-33.3% | $5M0.0% | $5M0.0% | $6M+50.0% | |
| Renewables & Storage | $22M-15.4% | $22M-29.0% | $25M-13.8% | $25M-13.8% | $26M-7.1% | |
| Total by Business | ||||||
| Flexible Generation | $115M+1.8% | $115M+1.8% | $116M-23.9% | $114M-41.2% | $113M-51.8% | |
| Renewables & Storage | $844M-2.3% | $846M-1.6% | $847M-4.4% | $841M+0.8% | $864M+13.4% | |
| Operating Income (Loss) by Business | ||||||
| Flexible Generation | $64M-17.9% | $70M-22.2% | $75M-27.4% | $60M-43.1% | $78M-37.0% | |
| Loss before income taxes by Business | ||||||
| Flexible Generation | $36M-28.0% | $40M-37.5% | $44M-43.0% | $30M-62.3% | $50M-48.8% | |
| Renewables & Storage | -$6M— | -$61M— | —— | —— | —— | |
| Total Assets by Business | ||||||
| Flexible Generation | $7.33B— | $7.46B— | $7.59B— | —— | —— | |
| Renewables & Storage | $57.75B— | $55.38B— | $53.06B— | —— | —— | |
| Less: Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests by Business | ||||||
| Flexible Generation | $0— | $0— | $0— | $0— | $0— | |
| Renewables & Storage | -$401M-27.7% | -$560M-137% | -$536M-140% | -$272M-32.0% | -$314M-103% | |
| Income tax benefit by Business | ||||||
| Flexible Generation | $0— | $0— | $0— | $0— | $0— | |
| Renewables & Storage | -$1M-200% | -$1M-200% | $1M+300% | $1M+200% | $1M+167% | |
| Interest Expense, Operating and Nonoperating by Business | ||||||
| Flexible Generation | $35M-2.8% | $35M0.0% | $37M+9.6% | $37M+10.4% | $36M+8.3% | |
| Renewables & Storage | $225M-8.2% | $252M+35.5% | $195M-17.8% | $240M+31.5% | $245M+37.1% | |
| Equity in earnings of unconsolidated affiliates by Business | ||||||
| Flexible Generation | $3M+50.0% | $1M-66.7% | $1M-63.6% | $2M-20.0% | $2M-38.5% | |
| Renewables & Storage | $28M+7.7% | $30M-6.3% | $28M-15.8% | $25M+6.4% | $26M+46.5% | |
| Cost of operations, exclusive of depreciation, amortization and accretion shown separately below by Business | ||||||
| Flexible Generation | $108M-14.3% | $109M-20.4% | $114M-22.7% | $124M-14.5% | $126M-20.0% | |
| Renewables & Storage | $434M+16.4% | $421M+14.7% | $391M+11.3% | $389M+15.6% | $373M+14.5% | |
| 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 | $287M-4.3% | $290M-4.3% | $293M-4.6% | $296M— | $300M— | |
| Renewables & Storage | $964M+1.3% | $899M-9.9% | $914M— | $932M— | $952M— | |
| Transaction and integration costs by Business | ||||||
| Flexible Generation | $0— | $0— | $0— | $0— | $0— | |
| Renewables & Storage | $0— | $0— | $0— | $0— | $0— | |
| CapEx by Business | ||||||
| Flexible Generation | $15M0.0% | $13M-18.8% | $13M-27.8% | $12M— | $15M— | |
| Renewables & Storage | $387M+46.6% | $345M+12.0% | $337M— | $290M— | $264M— | |
| Depreciation, amortization and accretion by Business | ||||||
| Flexible Generation | $112M+0.9% | $112M-2.6% | $111M-7.7% | $112M-9.3% | $111M-13.8% | |
| Renewables & Storage | $588M+12.0% | $570M+11.3% | $547M+13.4% | $534M+19.6% | $525M+25.1% | |
| Less: Contract amortization by Business | ||||||
| Flexible Generation | $18M0.0% | $18M0.0% | $18M-5.3% | $18M-5.3% | $18M-10.0% | |
| Renewables & Storage | $177M+7.9% | $171M+3.0% | $167M+0.9% | $163M-1.8% | $164M-0.9% | |
| Total operating revenues by Product | ||||||
| Capacity Revenue | $381M+12.1% | $369M+12.8% | $357M+14.1% | $350M+14.8% | $340M+4.3% | |
| Energy Revenue | $1.21B+2.6% | $1.2B+2.0% | $1.19B+3.4% | $1.17B+3.4% | $1.18B+10.4% | |
| Other revenue | $72M-23.4% | $76M-15.6% | $89M+1.1% | $86M+1.2% | $94M-8.7% | |
| Total by Product | ||||||
| Capacity Revenue | $363M+16.7% | $352M+15.0% | $320M-23.1% | $315M-25.2% | $311M-33.8% | |
| Energy Revenue | $1.56B-5.0% | $1.57B-4.3% | $1.62B+2.7% | $1.61B+2.8% | $1.64B+6.1% |
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.
