Filing Flows › Clearway Energy (CWEN) › Q2 2026 › vs Q1 2026
Clearway Energy (CWEN) Q2 2026 vs Q1 2026 (quarter over quarter)
Clearway Energy's revenue rose $127M (+36%) from $354M in Q1 2026 to $481M in Q2 2026. Operating margin 24.1% against 5.6% (+18.5 pts).
Clearway Energy, Q2 2026: revenue $481M (+23% year over year), operating margin 24.1%, net earnings $122M, operating cash flow $214M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 24.1% | 5.6% | +18.5 pts |
| Net margin | 25.4% | -46.0% | +71.4 pts |
| Free cash flow margin | 27.0% | 92.1% | -65.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $481M | $354M | $127M | +36% |
| Operating profit | $116M | $20.0M | $96.0M | +480% |
| Costs & expenses | $365M | $334M | $31.0M | +9% |
| Pre-tax earnings | $27.0M | −$70.0M | $97.0M | — |
| Other expense, net | $89.0M | $90.0M | −$1.0M | -1% |
| Cost of revenue | $149M | $134M | $15.0M | +11% |
| General & admin | $15.0M | $11.0M | $4.0M | +36% |
| Other operating costs | $201M | $189M | $12.0M | +6% |
| Income tax benefit | $3.0M | $2.0M | $1.0M | +50% |
| Loss borne by minority interests | $92.0M | −$95.0M | $187M | — |
| Net earnings | $122M | −$163M | $285M | — |
| Depreciation & amortization | $196M | $182M | $14.0M | +8% |
| Working capital & other | $104M | −$382M | $486M | — |
| Operating cash flow | $214M | $401M | −$187M | -47% |
| Free cash flow (OCF − capex) | $130M | $326M | −$196M | -60% |
| Capital expenditures | $84.0M | $75.0M | $9.0M | +12% |
Questions
How much did Clearway Energy's revenue grow quarter over quarter in Q2 2026?
Clearway Energy's revenue rose $127M (+36%) from $354M in Q1 2026 to $481M in Q2 2026. Operating margin 24.1% against 5.6% (+18.5 pts).