Clearway Energy, Inc.
Business
Clearway Energy, Inc. owns and operates utility-scale clean energy generation assets including wind, solar, battery storage, and thermal power plants across North America. The company generates electricity sold under long-term power purchase agreements and capacity contracts to utilities and commercial counterparties. Operations span two segments: Renewables & Storage and Flexible Generation, with a combined portfolio delivering stable contracted revenues with weighted-average contract duration of approximately 12 years.
Summary from 10-K filed 2026-02-24
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total operating revenues | 1,429 | 1,371 | 1,314 | 1,190 | 1,286 | |
| Cost of operations, exclusive of depreciation, amortization and accretion shown separately below | 530 | 501 | 473 | 435 | 451 | |
| Depreciation, amortization and accretion | 682 | 627 | 526 | 512 | 509 | |
| Impairment losses | 0 | 0 | 12 | 16 | 6 | |
| General and administrative | 41 | 39 | 36 | 40 | 40 | |
| Transaction and integration costs | 16 | 8 | 4 | 7 | 7 | |
| Total operating costs and expenses | 1,269 | 1,175 | 1,051 | 1,012 | 1,019 | |
| Operating Income | 160 | 196 | 263 | 1,470 | 267 | |
| Equity in earnings of unconsolidated affiliates | 31 | 35 | 12 | 29 | 32 | |
| Other income, net | 29 | 48 | 52 | 17 | 3 | |
| Loss on debt extinguishment | −8 | −5 | −6 | −2 | −53 | |
| Interest expense | −387 | −307 | −337 | −232 | — | |
| Total other expense, net | −335 | −229 | −279 | −188 | −330 | |
| Loss Before Income Taxes | −175 | −33 | −16 | 1,282 | −63 | |
| Income tax expense (benefit) | 56 | 30 | −2 | 222 | 12 | |
| Net Loss | −231 | −63 | −14 | 1,060 | −75 | |
| Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests | −400 | −151 | −93 | 478 | −126 | |
| Net income attributable to Clearway Energy, Inc. | 169 | 88 | 79 | 582 | 51 | |
| Weighted average number of common shares outstanding - diluted (in shares) | 35 | 35 | 35 | 35 | 35 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2025 2025-09-30 | FY 2025 2025-06-30 | FY 2025 2025-03-31 | FY 2024 2024-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 231 | — | — | — | 332 | |
| Restricted cash | 587 | — | — | — | 401 | |
| Inventory | 75 | — | — | — | 64 | |
| Derivative instruments | 29 | — | — | — | 39 | |
| Prepayments and other current assets | 67 | — | — | — | 67 | |
| Total current assets | 1,152 | — | — | — | 1,067 | |
| Property, plant and equipment | 11,596 | — | — | — | 9,944 | |
| Equity investments in affiliates | 291 | — | — | — | 309 | |
| Intangible assets for power purchase agreements, net | 2,294 | — | — | — | 2,125 | |
| Other intangible assets, net | 66 | — | — | — | 68 | |
| Deferred income taxes | 172 | — | — | — | 0 | |
| Derivative instruments | 127 | — | — | — | 136 | |
| Right-of-use assets, net | 714 | — | — | — | 547 | |
| Other non-current assets | 243 | — | — | — | 133 | |
| Total other assets | 3,907 | — | — | — | 3,318 | |
| Total Assets | 16,655 | — | — | — | 14,329 | |
| Current portion of long-term debt | 708 | — | — | — | 430 | |
| Derivative instruments | 52 | — | — | — | 56 | |
| Accrued interest expense | 52 | — | — | — | 53 | |
| Accrued expenses and other current liabilities | 79 | — | — | — | 66 | |
| Total current liabilities | 1,018 | — | — | — | 718 | |
| Long-term debt | 7,898 | — | — | — | 6,750 | |
| Deferred income taxes | 45 | — | — | — | 89 | |
| Derivative instruments | 308 | — | — | — | 315 | |
| Long-term lease liabilities | 796 | — | — | — | 569 | |
| Other non-current liabilities | 676 | — | — | — | 324 | |
| Total other liabilities | 9,723 | — | — | — | 8,047 | |
| Total Liabilities | 10,741 | — | — | — | 8,765 | |
| Redeemable noncontrolling interest in subsidiaries | 103 | 104 | 45 | — | 0 | |
| Commitments and Contingencies | — | — | — | — | — | |
| Preferred stock, $0.01 par value; 10,000,000 shares authorized; none issued | 0 | — | — | — | 0 | |
| Class A, Class B, Class C and Class D common stock, $0.01 par value; 3,000,000,000 shares authorized (Class A 500,000,000, Class B 500,000,000, Class C 1,000,000,000, Class D 1,000,000,000); 203,773,674 shares issued and outstanding (Class A 34,613,853, Class B 42,738,750, Class C 84,844,929, Class D 41,576,142) at December 31, 2025 and 202,147,579 shares issued and outstanding (Class A 34,613,853, Class B 42,738,750, Class C 82,833,226, Class D 41,961,750) at December 31, 2024 | 1 | — | — | — | 1 | |
| Additional paid-in capital | 1,715 | — | — | — | 1,805 | |
| Retained earnings | 213 | 358 | 178 | 200 | 254 | |
| Accumulated other comprehensive (loss) income | −5 | — | — | — | 3 | |
| Noncontrolling interest | 3,887 | 3,650 | 3,696 | 3,484 | 3,501 | |
| Total Stockholders Equity | 5,811 | 5,685 | 5,535 | 5,420 | 5,564 | |
| Total Liabilities and Stockholders Equity | 16,655 | — | — | — | 14,329 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Distributions from unconsolidated affiliates | 32 | 34 | 30 | 37 | 38 | |
| Depreciation, amortization and accretion | 682 | 627 | 526 | 512 | 509 | |
| Amortization of financing costs and debt discounts | 15 | 14 | 13 | 14 | 14 | |
| Amortization of intangibles | 187 | 182 | 185 | 172 | 146 | |
| Reduction in carrying amount of right-of-use assets | 16 | 15 | 15 | 14 | 11 | |
| Impairment losses | 0 | 0 | 12 | 16 | 6 | |
| Changes in deferred income taxes | 53 | 25 | 13 | 194 | 12 | |
| Changes in derivative instruments and amortization of accumulated OCI | −13 | 13 | −2 | 69 | 28 | |
| Changes in other working capital | −30 | −47 | −70 | 18 | −14 | |
| Net Cash Provided by Operating Activities | 688 | 770 | 702 | 787 | 701 | |
| Acquisitions, net of cash acquired | −324 | 0 | 0 | 0 | −533 | |
| Acquisition of Drop Down Assets, net of cash acquired | −318 | −678 | −45 | −71 | −229 | |
| Proceeds from transfer of assets | 152 | 0 | 0 | 0 | 0 | |
| Capital expenditures | −319 | −287 | −212 | −112 | −151 | |
| Payment for equipment deposit | 0 | 0 | −27 | 0 | 0 | |
| Payment for equipment deposit and asset purchase from affiliate | −27 | 0 | −55 | 0 | −21 | |
| Return of investments from unconsolidated affiliates | 15 | 41 | 14 | 13 | 47 | |
| Decrease (increase) in note receivable affiliate | 0 | 184 | −174 | 0 | — | |
| Investments in unconsolidated affiliates | 0 | 0 | −28 | 0 | 0 | |
| Other | 18 | 15 | 4 | 1 | 22 | |
| Net Cash Used in Investing Activities | −803 | −725 | −523 | 1,065 | −865 | |
| Contributions from noncontrolling interests, net of distributions | 1,124 | 1,493 | 1,028 | — | — | |
| Proceeds from the issuance of Class C common stock | 48 | 0 | 0 | 0 | 0 | |
| Payments of dividends and distributions | −358 | −334 | −311 | −289 | −268 | |
| Pro-rata distributions to CEG | −19 | 0 | 0 | — | — | |
| Tax-related distributions | 0 | −1 | −21 | −8 | 0 | |
| Buyouts of noncontrolling interest and redeemable noncontrolling interest | −3 | −7 | −13 | 0 | 0 | |
| Proceeds from the revolving credit facility | 701 | 0 | 0 | 80 | 622 | |
| Payments for the revolving credit facility | −340 | 0 | 0 | −325 | −377 | |
| Proceeds from issuance of long-term debt | 518 | 466 | 563 | 244 | 1,728 | |
| Payments for long-term debt | −1,461 | −1,966 | −1,349 | −1,198 | −2,292 | |
| Payments of debt issuance costs | −8 | −13 | −18 | −4 | −20 | |
| Other | −2 | −1 | −3 | −6 | 7 | |
| Net Cash Provided by (Used in) Financing Activities | 200 | −363 | −124 | −1,510 | 367 | |
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash | 85 | −318 | 55 | 342 | 189 | |
| Interest paid, net of amount capitalized | −348 | −324 | −304 | −317 | −337 | |
| Income taxes paid, net of refunds received | −1 | −1 | −31 | −9 | — | |
| Non-cash adjustments for change in tax basis | 40 | 61 | 4 | −1 | −7 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Clearway Energy, Inc.'s CIK number?
Clearway Energy, Inc.'s SEC CIK number is 0001567683 (1567683). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Clearway Energy, Inc.'s SEC filings?
All of Clearway Energy, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Clearway Energy, Inc. last report earnings?
Clearway Energy, Inc. (CWEN) most recently filed an earnings 8-K with the SEC on Jul 16, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-084265). This is Clearway Energy, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Clearway Energy, Inc.'s most recent earnings 8-K?
Clearway Energy, Inc.'s latest earnings 8-K (Item 2.02) was filed Jul 16, 2026 under accession 0001104659-26-084265. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Clearway Energy, Inc.'s latest earnings 8-K →
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