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Cleco Corporate Holdings LLC cash flow, quarter by quarter

Latest: Q1 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$12.6M in Q1 2026 · −$71.7M over twelve months

Operating cash flow$61.0M
Capital spending−$73.5M
Free cash flow−$12.6M
Cash / net income2.0×

Analysis

In Q1 2026, Cleco Corporate Holdings LLC generated $61.0M of operating cash flow and spent $73.5M on capital projects, leaving free cash flow of −$12.6M. That is $1.3M more than in Q1 2025 (−$13.8M).

Over the twelve months to Mar 31, 2026, operating cash flow was $282M; the largest uses were capital spending ($353M), net borrowing (+) / repaid (−) ($20.0M); besides operations, cash came from other financing ($191M), other investing ($64.2M); the cash balance rose by $164M.

Operating cash flow was $61.0M against net income of $30.1M — 2.0× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$54.1M, income taxes payable +$15.7M, inventory −$13.4M.

Free cash flow

Cleco Corporate Holdings LLC: free cash flow by quarterCleco Corporate Holdings LLC: free cash flow by quarter−$31.9MQ2 2024$14.8MQ3 2024−$55.6MQ4 2024−$13.8MQ1 2025−$60.6MQ2 2025$75.9MQ3 2025−$74.5MQ4 2025−$12.6MQ1 2026
Operating cash flow less capital spending.
Cleco Corporate Holdings LLC: operating cash flow against capital spendingCleco Corporate Holdings LLC: operating cash flow against capital spendingOperating cash flowCapital spending$54.9M$86.8MQ2 2024$81.7M$66.9MQ3 2024$28.0M$83.6MQ4 2024$55.3M$69.1MQ1 2025$11.8M$72.4MQ2 2025$186M$110MQ3 2025$23.1M$97.6MQ4 2025$61.0M$73.5MQ1 2026
Latest (Q1 2026): Operating cash flow $61.0M, Capital spending $73.5M.

Capital allocation, year by year

Cleco Corporate Holdings LLC: where the cash came from (up) and went (down), by fiscal yearCleco Corporate Holdings LLC: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingFY2021: Operating cash flow $183MFY2021: Net borrowing −$75.7MFY2021: Asset sales $1.7MFY2021: Capital spending −$311M$184MFY2021FY2022: Operating cash flow $349MFY2022: Net borrowing $533MFY2022: Asset sales $993KFY2022: Capital spending −$249M$883MFY2022FY2023: Operating cash flow $416MFY2023: Net borrowing $100MFY2023: Asset sales $956KFY2023: Capital spending −$264M$517MFY2023FY2024: Operating cash flow $286MFY2024: Net borrowing $25.8MFY2024: Asset sales $465MFY2024: Capital spending −$274M$776MFY2024FY2025: Operating cash flow $276MFY2025: Net borrowing $185MFY2025: Asset sales $1.2MFY2025: Capital spending −$349M$462MFY2025
Over these 5 years operating cash flow totalled $1.5B; the largest uses were capital spending ($1.4B) and net borrowing ($75.7M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$218M
Debt$3.3B
Net debt$3.1B
Due within a year$375M

Cleco Corporate Holdings LLC's operations bring cash in ($282M over twelve months), and it spends more than that on capital projects: a gap of $71.7M funded from its $218M of cash and investments and from borrowing ($3.3B of debt, $375M due within a year). That is a choice to invest, not a cash runway running down.

Where the cash came from and went

Cleco Corporate Holdings LLC: sources (+) and uses (−) of cash, Q1 2026Cleco Corporate Holdings LLC: sources (+) and uses (−) of cash, Q1 2026Capital spending−$73.5MOperating cash flow$61.0MOther investing$55.7MCash drawn (+) / kept (−)−$44.5MNet borrowing (+) / repaid (−)$10.0MOther financing−$8.6M
Cleco Corporate Holdings LLC: sources (+) and uses (−) of cash, TTM to Q1 2026Cleco Corporate Holdings LLC: sources (+) and uses (−) of cash, TTM to Q1 2026Capital spending−$353MOperating cash flow$282MOther financing$191MCash drawn (+) / kept (−)−$164MOther investing$64.2MNet borrowing (+) / repaid (−)−$20.0M

From profit to cash

Cleco Corporate Holdings LLC: net income to operating cash flow, Q1 2026Cleco Corporate Holdings LLC: net income to operating cash flow, Q1 2026Net income$30.1MDepreciation & amortization$54.1MStock-based pay$5.5MDeferred taxes$4.0MInventory−$13.4MContract assets$4.6MPrepaid and other assets−$1.2MIncome taxes payable$15.7MOperating cash flow$61.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q1 2026$61.0M−$73.5M$10.0M−$44.5M−$12.6M
Q4 2025$23.1M−$97.6M−$93.0M−$101M−$74.5M
Q3 2025$186M−$110M−$42.0M−$30.2M$75.9M
Q2 2025$11.8M−$72.4M$105M$12.2M−$60.6M
Q1 2025$55.3M−$69.1M$215M−$61.2M−$13.8M
Q4 2024$28.0M−$83.6M$120M$212M−$55.6M
Q3 2024$81.7M−$66.9M—$44.8M$14.8M
Q2 2024$54.9M−$86.8M−$78.4M−$102M−$31.9M

Cleco Corporate Holdings LLC: income statement and cash flow

Cleco Corporate Holdings LLC, Q3 2026: revenue $429M (+5% year over year), operating margin 33.5%. The chart follows the revenue to costs, profit and cash.

Cleco Corporate Holdings LLC: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.