Filing Flows › Clearway Energy (CWEN) › Q1 2025
Clearway Energy (CWEN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Clearway Energy (CWEN) reported revenue of $298M for the first quarter 2025 (Q1 2025), +13% from a year earlier and +16% from the quarter before. Operating margin was 0.0%, net loss $104M (34.9% of revenue).
Clearway Energy, Q1 2025: revenue $298M (+13% year over year), operating margin 0.0%, net loss $104M, operating cash flow $95.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $298M | +16% | +13% |
| Operating profit | $0 | — | — |
| Net earnings | −$104M | — | — |
| Operating cash flow | $95.0M | -51% | +17% |
| Free cash flow | $39.0M | -73% | — |
What changed
Revenue was $298.0M in Q1 2025, up 13% year over year and up 16% from the previous quarter.
Operating profit was $0K, a 0.0% margin (up 11.0 points year over year). Total costs grew 2% against revenue growth of 13%. The quarter ended with a net loss of $104.0M, wider than the previous quarter's $48.0M loss. Minority interests bore $108.0M of it: to shareholders the quarter was a profit of $4.0M. Net interest and other expense of $104.0M was the main reason.
Operating cash flow was $95.0M (up 17% year over year). Non-cash charges added back $163.0M of depreciation and amortization. Working capital and other items added $36.0M. Capital expenditures of $56.0M left free cash flow of $39.0M.
Questions
What was Clearway Energy's revenue in the first quarter 2025?
Clearway Energy (CWEN) reported revenue of $298M for the first quarter 2025 (Q1 2025), +13% from a year earlier and +16% from the quarter before.
Was Clearway Energy profitable in the first quarter 2025?
Operating profit was $0 (0.0% of revenue) and net loss $104M.
Source: Clearway Energy 10-Q on SEC EDGAR.