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Clearway Energy cash flow, quarter by quarter

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

Free cash flow$130M in Q2 2026 · $671M over twelve months

Operating cash flow$214M
Capital spending−$84.0M
Free cash flow+$130M
Cash / net income7.1×

Analysis

In Q2 2026, Clearway Energy generated $214M of operating cash flow and spent $84.0M on capital projects, leaving free cash flow of $130M. That is $15.0M more than in Q2 2025 ($115M).

Over the twelve months to Jun 30, 2026, operating cash flow was $1.0B; the largest uses were net borrowing (+) / repaid (−) ($500M), other investing ($377M), dividends ($372M); besides operations, cash came from partners ($625M), shares issued ($98.0M); the cash balance fell by $243M.

Operating cash flow was $214M against net income of $30.0M — 7.1× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$196M, other operating capital −$47.0M, income taxes payable −$1.0M.

Free cash flow

Clearway Energy: free cash flow by quarterClearway Energy: free cash flow by quarter$266MQ3 2024$142MQ4 2024$39.0MQ1 2025$115MQ2 2025$144MQ3 2025$71.0MQ4 2025$326MQ1 2026$130MQ2 2026
Operating cash flow less capital spending.
Clearway Energy: operating cash flow against capital spendingClearway Energy: operating cash flow against capital spendingOperating cash flowCapital spending$301M$35.0MQ3 2024$192M$50.0MQ4 2024$95.0M$56.0MQ1 2025$191M$76.0MQ2 2025$225M$81.0MQ3 2025$177M$106MQ4 2025$401M$75.0MQ1 2026$214M$84.0MQ2 2026
Latest (Q2 2026): Operating cash flow $214M, Capital spending $84.0M.

Capital allocation, year by year

Clearway Energy: where the cash came from (up) and went (down), by fiscal yearClearway Energy: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsDividendsFY2021: Operating cash flow $701MFY2021: Net borrowing −$319MFY2021: Capital spending −$151MFY2021: Acquisitions −$533MFY2021: Dividends −$268M$701MFY2021FY2022: Operating cash flow $787MFY2022: Net borrowing −$1.2BFY2022: Capital spending −$112MFY2022: Dividends −$289M$787MFY2022FY2023: Operating cash flow $702MFY2023: Net borrowing −$786MFY2023: Capital spending −$212MFY2023: Dividends −$311M$702MFY2023FY2024: Operating cash flow $770MFY2024: Net borrowing −$1.5BFY2024: Capital spending −$287MFY2024: Dividends −$334M$770MFY2024FY2025: Operating cash flow $688MFY2025: Net borrowing −$582MFY2025: Shares issued $48.0MFY2025: Asset sales $152MFY2025: Capital spending −$319MFY2025: Acquisitions −$324MFY2025: Dividends −$358M$888MFY2025
Over these 5 years operating cash flow totalled $3.6B; the largest uses were net borrowing ($4.4B) and dividends ($1.6B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$251M
Debt$8.7B
Net debt$8.4B
Due within a year$1.1B

Clearway Energy funds itself: free cash flow was $671M over the last twelve months, and $251M of cash and investments stands against $8.7B of debt ($1.1B due within a year, 0.2× covered by cash).

Clearway Energy: debt maturities by year (FY2025)Clearway Energy: 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 $251M of cash and investments now.

Where the cash came from and went

Clearway Energy: sources (+) and uses (−) of cash, Q2 2026Clearway Energy: sources (+) and uses (−) of cash, Q2 2026Net borrowing (+) / repaid (−)−$225MOperating cash flow$214MCash drawn (+) / kept (−)$137MOther investing−$134MPartners$129MDividends−$95.0MCapital spending−$84.0MOther financing$56.0MAcquisitions$2.0M
Clearway Energy: sources (+) and uses (−) of cash, TTM to Q2 2026Clearway Energy: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow$1.0BPartners$625MNet borrowing (+) / repaid (−)−$500MOther investing−$377MDividends−$372MCapital spending−$346MAcquisitions−$339MCash drawn (+) / kept (−)$243MShares issued$98.0MOther financing−$49.0M

From profit to cash

Clearway Energy: net income to operating cash flow, Q2 2026Clearway Energy: net income to operating cash flow, Q2 2026Net income$30.0MDepreciation & amortization$196MIncome taxes payable−$1.0MOther operating capital−$47.0MOperating cash flow$214M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026$214M−$84.0M$2.0M−$95.0M−$225M—$137M$130M
Q1 2026$401M−$75.0M−$228M−$95.0M$223M$50.0M$138M$326M
Q4 2025$177M−$106M—−$92.0M−$268M—−$177M$71.0M
Q3 2025$225M−$81.0M−$113M−$90.0M−$290M—$145M$144M
Q2 2025$191M−$76.0M−$211M−$89.0M−$108M—−$75.0M$115M
Q1 2025$95.0M−$56.0M—−$87.0M−$28.0M—$22.0M$39.0M
Q4 2024$192M−$50.0M—−$85.0M−$91.0M—−$59.0M$142M
Q3 2024$301M−$35.0M—−$85.0M−$68.0M—−$104M$266M

Clearway Energy: income statement and cash flow

Clearway Energy, Q2 2026: revenue $481M (+23% year over year), operating margin 24.1%. The chart follows the revenue to costs, profit and cash.

Clearway Energy: 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.