Filing Flows › Clearway Energy (CWEN) › Q1 2026
Clearway Energy (CWEN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Clearway Energy (CWEN) reported revenue of $354M for the first quarter 2026 (Q1 2026), +19% from a year earlier and +14% from the quarter before. Operating margin was 5.6%, net loss $68.0M (19.2% of revenue).
Clearway Energy, Q1 2026: revenue $354M (+19% year over year), operating margin 5.6%, net loss $68.0M, operating cash flow $401M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $354M | +14% | +19% |
| Operating profit | $20.0M | — | — |
| Net earnings | −$68.0M | — | — |
| Operating cash flow | $401M | +127% | +322% |
| Free cash flow | $326M | +359% | +736% |
What changed
Revenue was $354.0M in Q1 2026, up 19% year over year and up 14% from the previous quarter.
Operating profit was $20.0M, a 5.6% margin (up 5.6 points year over year). Total costs grew 12% against revenue growth of 19%. The fastest-growing cost line was Other operating costs (+14%). The quarter ended with a net loss of $68.0M, narrower than the previous quarter's $199.0M loss. Net interest and other expense of $90.0M was the main reason.
Operating cash flow was $401.0M (up 322% year over year). Non-cash charges added back $182.0M of depreciation and amortization. Working capital and other items added $287.0M. Capital expenditures of $75.0M left free cash flow of $326.0M.
Questions
What was Clearway Energy's revenue in the first quarter 2026?
Clearway Energy (CWEN) reported revenue of $354M for the first quarter 2026 (Q1 2026), +19% from a year earlier and +14% from the quarter before.
Was Clearway Energy profitable in the first quarter 2026?
Operating profit was $20.0M (5.6% of revenue) and net loss $68.0M.
Source: Clearway Energy 10-Q on SEC EDGAR.