Filing Flows › Clearway Energy (CWEN) › Q2 2026
Clearway Energy (CWEN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Clearway Energy (CWEN) reported revenue of $481M for the second quarter 2026 (Q2 2026), +23% from a year earlier and +36% from the quarter before. Operating margin was 24.1%, net earnings $122M (25.4% of revenue).
Clearway Energy, Q2 2026: revenue $481M (+23% year over year), operating margin 24.1%, net earnings $122M, operating cash flow $214M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $481M | +36% | +23% |
| Operating profit | $116M | +480% | +36% |
| Net earnings | $122M | — | +307% |
| Operating cash flow | $214M | -47% | +12% |
| Free cash flow | $130M | -60% | +13% |
What changed
Revenue was $481.0M in Q2 2026, up 23% year over year and up 36% from the previous quarter.
Operating profit was $116.0M, a 24.1% margin (up 2.4 points year over year). Of the extra revenue versus Q2 2025, 35% reached operating profit, above the 22% margin then. Total costs grew 19% against revenue growth of 23%. The fastest-growing cost line was General & admin (+36%). Net earnings were $122.0M, up 307% year over year ($30.0M including minority interests, which bore $92.0M of losses). The effective tax rate was -11.1%.
Operating cash flow was $214.0M (up 12% year over year), 713% of net income including minority interests. Non-cash charges added back $196.0M of depreciation and amortization. Working capital and other items used $12.0M. Capital expenditures of $84.0M left free cash flow of $130.0M.
Questions
What was Clearway Energy's revenue in the second quarter 2026?
Clearway Energy (CWEN) reported revenue of $481M for the second quarter 2026 (Q2 2026), +23% from a year earlier and +36% from the quarter before.
Was Clearway Energy profitable in the second quarter 2026?
Operating profit was $116M (24.1% of revenue) and net earnings $122M.
Source: Clearway Energy 10-Q on SEC EDGAR.