Filing Flows › Clearway Energy (CWEN) › Q1 2026 › vs Q4 2025
Clearway Energy (CWEN) Q1 2026 vs Q4 2025 (quarter over quarter)
Clearway Energy's revenue rose $44.0M (+14%) from $310M in Q4 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 Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 92.1% | 22.9% | +69.2 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $354M | $310M | $44.0M | +14% |
| Income tax benefit | $2.0M | −$82.0M | $84.0M | — |
| Net loss | $68.0M | $199M | −$131M | -66% |
| Costs & expenses | $424M | $509M | −$85.0M | -17% |
| Operating costs | $334M | $347M | −$13.0M | -4% |
| Interest & other, net | $90.0M | $80.0M | $10.0M | +12% |
| Cost of revenue | $134M | $149M | −$15.0M | -10% |
| General & admin | $11.0M | $10.0M | $1.0M | +10% |
| Other operating costs | $189M | $188M | $1.0M | +0.5% |
| Operating cash sources | $469M | $376M | $93.0M | +25% |
| Depreciation & amortization | $182M | $180M | $2.0M | +1% |
| Working capital & other | $287M | $196M | $91.0M | +46% |
| Net loss absorbed | $68.0M | $199M | −$131M | -66% |
| Operating cash flow | $401M | $177M | $224M | +127% |
| Free cash flow (OCF − capex) | $326M | $71.0M | $255M | +359% |
| Capital expenditures | $75.0M | $106M | −$31.0M | -29% |
Questions
How much did Clearway Energy's revenue grow quarter over quarter in Q1 2026?
Clearway Energy's revenue rose $44.0M (+14%) from $310M in Q4 2025 to $354M in Q1 2026.