Filing Flows › Clearway Energy (CWEN) › Q1 2026 › vs Q1 2025
Clearway Energy (CWEN) Q1 2026 vs Q1 2025 (year over year)
Clearway Energy's revenue rose $56.0M (+19%) from $298M in Q1 2025 to $354M in Q1 2026.
Clearway Energy, Q1 2026: revenue $354M (+19% year over year), operating margin 5.6%, net loss $68.0M, operating cash flow $401M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 92.1% | 13.1% | +79.0 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $354M | $298M | $56.0M | +19% |
| Income tax benefit | $2.0M | $0 | $2.0M | — |
| Net loss | $68.0M | $104M | −$36.0M | -35% |
| Costs & expenses | $424M | $402M | $22.0M | +5% |
| Operating costs | $334M | $298M | $36.0M | +12% |
| Interest & other, net | $90.0M | $104M | −$14.0M | -13% |
| Cost of revenue | $134M | $122M | $12.0M | +10% |
| General & admin | $11.0M | $10.0M | $1.0M | +10% |
| Other operating costs | $189M | $166M | $23.0M | +14% |
| Operating cash sources | $469M | $199M | $270M | +136% |
| Depreciation & amortization | $182M | $163M | $19.0M | +12% |
| Working capital & other | $287M | $36.0M | $251M | +697% |
| Net loss absorbed | $68.0M | $104M | −$36.0M | -35% |
| Operating cash flow | $401M | $95.0M | $306M | +322% |
| Free cash flow (OCF − capex) | $326M | $39.0M | $287M | +736% |
| Capital expenditures | $75.0M | $56.0M | $19.0M | +34% |
Questions
How much did Clearway Energy's revenue grow year over year in Q1 2026?
Clearway Energy's revenue rose $56.0M (+19%) from $298M in Q1 2025 to $354M in Q1 2026.