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Clearway Energy LLC cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$131M in Q2 2026 · $386M over twelve months

Operating cash flow$215M
Capital spending−$84.0M
Free cash flow+$131M
Cash / net income7.7×
Cash conversion cycle23 days

Analysis

In Q2 2026, Clearway Energy LLC generated $215M of operating cash flow and spent $84.0M on capital projects, leaving free cash flow of $131M. That is $14.0M more than in Q2 2025 ($117M).

Over the twelve months to Jun 30, 2026, operating cash flow was $732M; the largest uses were other investing ($399M), capital spending ($346M), acquisitions ($339M); besides operations, cash came from shares issued ($98.0M), other financing ($62.0M); the cash balance fell by $244M.

Operating cash flow was $215M against net income of $28.0M — 7.7× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$196M, other operating capital −$45.0M.

Its cash conversion cycle was 23 days (receivables 47 + inventory 53 − payables 77).

Free cash flow

Clearway Energy LLC: free cash flow by quarterClearway Energy LLC: free cash flow by quarter$266MQ3 2024$142MQ4 2024$34.0MQ1 2025$117MQ2 2025$145MQ3 2025$65.0MQ4 2025$45.0MQ1 2026$131MQ2 2026
Operating cash flow less capital spending.
Clearway Energy LLC: operating cash flow against capital spendingClearway Energy LLC: operating cash flow against capital spendingOperating cash flowCapital spending$301M$35.0MQ3 2024$192M$50.0MQ4 2024$90.0M$56.0MQ1 2025$193M$76.0MQ2 2025$226M$81.0MQ3 2025$171M$106MQ4 2025$120M$75.0MQ1 2026$215M$84.0MQ2 2026
Latest (Q2 2026): Operating cash flow $215M, Capital spending $84.0M.

Capital allocation, year by year

Clearway Energy LLC: where the cash came from (up) and went (down), by fiscal yearClearway Energy LLC: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsDividendsFY2021: Operating cash flow $701MFY2021: Net borrowing $245MFY2021: Capital spending −$151MFY2021: Acquisitions −$533MFY2021: Dividends −$268M$946MFY2021FY2022: Operating cash flow $797MFY2022: Net borrowing −$245MFY2022: Asset sales $1.5BFY2022: Capital spending −$112MFY2022: Dividends −$289M$2.3BFY2022FY2023: Operating cash flow $733MFY2023: Capital spending −$212MFY2023: Dividends −$311M$733MFY2023FY2024: Operating cash flow $772MFY2024: Capital spending −$287MFY2024: Dividends −$334M$772MFY2024FY2025: Operating cash flow $680MFY2025: Net borrowing $361MFY2025: Shares issued $48.0MFY2025: Asset sales $152MFY2025: Capital spending −$319MFY2025: Acquisitions −$324M$1.2BFY2025
Over these 5 years operating cash flow totalled $3.7B; the largest uses were dividends ($1.2B) and capital spending ($1.1B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$250M
Debt$8.7B
Net debt$8.4B
Due within a year$1.1B

Clearway Energy LLC funds itself: free cash flow was $386M over the last twelve months, and $250M of cash and investments stands against $8.7B of debt ($1.1B due within a year, 0.2× covered by cash).

Clearway Energy LLC: debt maturities by year (FY2025)Clearway Energy LLC: debt maturities by year (FY2025)$1.1BYear 1$364MYear 2$2.0BYear 3$863MYear 4$995MYear 5$3.3BAfter year 5
Principal due in each year as disclosed in the annual report, against $250M of cash and investments now.

Where the cash came from and went

Clearway Energy LLC: sources (+) and uses (−) of cash, Q2 2026Clearway Energy LLC: sources (+) and uses (−) of cash, Q2 2026Other financing−$338MOperating cash flow$215MPartners$201MCash drawn (+) / kept (−)$138MOther investing−$134MCapital spending−$84.0MAcquisitions$2.0M
Clearway Energy LLC: sources (+) and uses (−) of cash, TTM to Q2 2026Clearway Energy LLC: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow$732MOther investing−$399MCapital spending−$346MAcquisitions−$339MCash drawn (+) / kept (−)$244MShares issued$98.0MOther financing$62.0MNet borrowing (+) / repaid (−)−$52.0M

From profit to cash

Clearway Energy LLC: net income to operating cash flow, Q2 2026Clearway Energy LLC: net income to operating cash flow, Q2 2026Net income$28.0MDepreciation & amortization$196MOther operating capital−$45.0MOperating cash flow$215M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 202647537723
Q1 202646547327
Q4 202559457728
Q3 20255051112-11
Q2 20254848906
Q1 202552486634
Q4 202465476053
Q3 202443425629

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026$215M−$84.0M$2.0M———$138M$131M
Q1 2026$120M−$75.0M−$228M—−$361M$50.0M$138M$45.0M
Q4 2025$171M−$106M——−$44.0M—−$177M$65.0M
Q3 2025$226M−$81.0M−$113M—$293M—$145M$145M
Q2 2025$193M−$76.0M−$211M———−$80.0M$117M
Q1 2025$90.0M−$56.0M—−$87.0M——$27.0M$34.0M
Q4 2024$192M−$50.0M—−$85.0M——−$59.0M$142M
Q3 2024$301M−$35.0M—−$85.0M——−$104M$266M

Clearway Energy LLC: income statement and cash flow

Clearway Energy LLC, Q2 2026: revenue $481M (+23% year over year), operating margin 24.3%. The chart follows the revenue to costs, profit and cash.

Clearway Energy 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.